AGF Management Cash Flow Statement

Financials in millions CAD. Fiscal year is December - November.

Millions CAD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	116.25	127.83	96.31	87.7	66.65	39.3
Depreciation & Amortization	9.71	9.6	9.4	9.12	11.65	10.49
Stock-Based Compensation	10.95	11.35	10.41	8.97	7.7	9.64
Other Adjustments	-4.6	-33.59	-21.8	-20.34	-5	-20.88
Change in Receivables	4.71	-7.23	-4.23	-2.1	-2.82	-0.08
Changes in Accounts Payable	-26.41	-2.62	11.39	-2.9	-13.17	5.03
Changes in Other Operating Activities	6.3	9.52	13.1	6.78	-0.42	4.31
Operating Cash Flow	112.64	114.87	114.59	87.24	64.6	47.8
Operating Cash Flow Growth	-3.24%	0.24%	31.35%	35.05%	35.14%	-48.30%
Capital Expenditures	-6.74	-4.93	-2.2	-3.44	-16.34	-13.27
Purchases of Investments	-26.16	-80.62	-58.05	-53.85	-50.4	-39.45
Proceeds from Sale of Investments	6.28	5.58	35.53	20.25	27.69	28.44
Payments for Business Acquisitions	-	-	-40.9	-	-	-
Other Investing Activities	-1.14	-1.04	-13.04	-0.42	-1.28	-0.31
Investing Cash Flow	-27.76	-81.02	-78.66	-37.47	-40.33	-24.6
Long-Term Debt Issued	-	-	-	-16	22	-
Net Long-Term Debt Issued (Repaid)	1	27	9	-16	22	-
Issuance of Common Stock	7.97	4.68	7.77	6.54	3.36	5.25
Repurchase of Common Stock	-38.9	-24.51	-10.72	-13.38	-46	-7.5
Net Common Stock Issued (Repurchased)	-30.93	-19.84	-2.95	-6.84	-42.64	-2.25
Common Dividends Paid	-31.73	-31.21	-28.95	-27.33	-26.22	-23.51
Other Financing Activities	-14.81	-15.11	-10.52	-7.77	-5.28	-4.97
Financing Cash Flow	-79.17	-39.16	-33.42	-57.93	-52.13	-30.73
Net Cash Flow	5.7	-5.31	2.51	-8.17	-27.86	-7.53
Free Cash Flow	105.89	109.93	112.38	83.8	48.26	34.53
Free Cash Flow Growth	-3.67%	-2.18%	34.11%	73.63%	39.77%	-61.27%
FCF Margin	18.46%	18.67%	20.50%	17.76%	10.29%	7.48%
Free Cash Flow Per Share	1.59	1.63	1.68	1.21	0.70	0.48
Levered Free Cash Flow	99.52	167.15	138.26	81.26	70.37	45.85
Unlevered Free Cash Flow	95.55	139.4	128	97.26	48.37	45.85

Updated Apr 14, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.