Computer Modelling Group 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	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	20.74	22.44	26.26	19.8	18.41	20.19
Depreciation & Amortization	9.6	8.47	5.69	3.65	4.2	4.27
Stock-Based Compensation	-2.12	-1.3	2.8	2.15	1.63	2.65
Other Operating Activities	-0.94	2.18	3.51	-0.24	-0.39	-0.83
Change in Accounts Receivable	8.66	-0.53	-6.7	-6.4	5.73	3.04
Change in Accounts Payable	-3.73	-0.82	2.62	2.32	0.11	-0.36
Change in Unearned Revenue	-0.55	-2.77	4.91	4.34	-0.01	-3.38
Change in Income Taxes	-2.37	2.42	-1.83	0.54	-0.99	0.75
Change in Other Net Operating Assets	-0.59	-0.17	-1.18	-0.27	0.03	0.09
Operating Cash Flow	28.69	29.92	36.08	25.88	28.72	26.43
Operating Cash Flow Growth	3.88%	-17.08%	39.41%	-9.88%	8.65%	28.73%
Capital Expenditures	-2.72	-1.42	-0.65	-0.71	-0.7	-0.4
Cash Acquisitions	-36.05	-27.29	-22.81	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-1.34	-	-
Other Investing Activities	-9.25	-9.25	-	-	-	-
Investing Cash Flow	-48.01	-37.96	-23.46	-2.05	-0.7	-0.4
Long-Term Debt Repaid	-	-2.89	-4.37	-1.61	-1.36	-1.41
Net Debt Issued (Repaid)	-2.6	-2.89	-4.37	-1.61	-1.36	-1.41
Issuance of Common Stock	3.7	5.6	4.19	1.07	-	-
Common Dividends Paid	-13.16	-16.38	-16.21	-16.1	-16.06	-16.06
Financing Cash Flow	-12.24	-13.67	-16.38	-16.64	-17.42	-17.47
Foreign Exchange Rate Adjustments	3.02	2.52	0	-	-	-
Net Cash Flow	-28.53	-19.2	-3.77	7.19	10.59	8.56
Free Cash Flow	25.98	28.5	35.43	25.17	28.01	26.03
Free Cash Flow Growth	-2.85%	-19.57%	40.74%	-10.14%	7.61%	33.22%
Free Cash Flow Margin	20.09%	22.01%	32.60%	34.09%	42.31%	38.64%
Free Cash Flow Per Share	0.31	0.34	0.43	0.31	0.35	0.32
Cash Interest Paid	1.89	1.89	1.91	1.93	2	2.07
Cash Income Tax Paid	10.61	11.37	7.2	6.64	6.11	6.11
Levered Free Cash Flow	24.87	28.31	33.76	21.14	25.23	26.18
Unlevered Free Cash Flow	26.06	29.49	34.95	22.35	26.48	27.47
Change in Working Capital	1.42	-1.86	-2.18	0.52	4.87	0.15

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