Formation Metals Cash Flow Statement

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Net Income	-6.19	-3.13	-0.14	-0.12
Stock-Based Compensation	3.58	2.66	-	-
Other Operating Activities	-0.61	-0.51	-	-
Change in Accounts Receivable	-0.33	-0.06	-0.01	0
Change in Accounts Payable	0	0.11	0.01	0.12
Operating Cash Flow	-5.64	-0.94	-0.14	0
Capital Expenditures	-1.51	-0.21	-0	-
Investing Cash Flow	-1.51	-0.21	-0	-
Issuance of Common Stock	16.32	1.74	0.85	-
Financing Cash Flow	15.8	1.74	0.85	-
Net Cash Flow	8.65	0.59	0.71	0
Free Cash Flow	-7.14	-1.15	-0.14	0
Free Cash Flow Per Share	-0.14	-0.04	-0.01	-
Levered Free Cash Flow	-3.12	0.1	-0.17	-
Unlevered Free Cash Flow	-3.12	0.1	-0.17	-
Change in Working Capital	-2.42	0.05	0.01	0.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.