ADF Group Cash Flow Statement

Financials in millions CAD. Fiscal year is February - January.

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	29.05	56.79	37.62	14.94	9.56	6.87
Depreciation & Amortization	6.5	6.16	5.8	5.32	5.05	4.92
Stock-Based Compensation	-1.52	1.39	4.58	0.72	0.36	1
Other Adjustments	7.99	25.47	10.79	1.4	1.63	-2.58
Changes in Other Operating Activities	-29.18	-34.75	19.07	-24.99	-13.94	18.64
Operating Cash Flow	14.87	55.06	77.86	-2.61	2.67	28.84
Operating Cash Flow Growth	-82.59%	-29.29%	-	-	-90.75%	-
Capital Expenditures	-7.21	-8.28	-5.77	-11.46	-21.48	-1.46
Purchases of Intangible Assets	-2.96	-0.81	-0.72	-0.7	-0.59	-0.36
Payments for Business Acquisitions	-16.36	-	-	-	-	-
Other Investing Activities	0.14	0.38	0.22	0.08	0.08	0.07
Investing Cash Flow	-26.4	-8.71	-6.27	-12.08	-21.99	-1.75
Long-Term Debt Issued	-	-	-	20	30	5.65
Long-Term Debt Repaid	-3.94	-3.08	-2.3	-2.22	-17.88	-1.92
Net Long-Term Debt Issued (Repaid)	-3.94	-3.08	-2.3	17.78	12.12	3.74
Repurchase of Common Stock	-13.83	-54.57	-	-	-	-
Net Common Stock Issued (Repurchased)	-13.83	-54.57	-	-	-	-
Common Dividends Paid	-1.45	-0.92	-0.65	-0.65	-0.65	-0.65
Other Financing Activities	-2.62	-3.5	-3.74	-2.97	-2.27	-15.53
Financing Cash Flow	-21.54	-62.07	-6.69	14.16	9.2	-12.44
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.29	3.33	0.28	0.6	-0.56	-0.82
Net Cash Flow	-32.78	-12.4	65.19	0.06	-10.68	13.82
Free Cash Flow	7.66	46.77	72.09	-14.08	-18.81	27.38
Free Cash Flow Growth	-83.62%	-35.12%	-	-	-	-
FCF Margin	2.98%	13.77%	21.78%	-5.61%	-6.70%	15.87%
Free Cash Flow Per Share	0.27	1.52	2.21	-0.43	-0.58	0.84
Levered Free Cash Flow	-4.78	16.85	54.43	1.59	-8.68	32.7
Unlevered Free Cash Flow	-2.51	20.73	58.81	-14.42	-19.78	30.23

Updated Oct 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.