The North West Company Cash Flow Statement

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

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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	-	143.25	134.29	125.84	157.45	143.56
Depreciation & Amortization	119.56	115.62	105.28	98.37	90.95	92.08
Stock-Based Compensation	-1.4	-1.82	-3.21	2.45	0.05	5.02
Other Adjustments	10.27	17.4	20.04	7.45	-18.67	31
Changes in Other Operating Activities	-16.71	-13.82	-25.98	-51.28	-5.65	67.07
Operating Cash Flow	260.94	260.63	230.43	182.84	224.14	338.72
Operating Cash Flow Growth	7.46%	13.11%	26.03%	-18.43%	-33.83%	110.23%
Capital Expenditures	-133.91	-140.21	-114.2	-112.58	-87.34	-70.89
Sale of Property, Plant & Equipment	1.28	0.35	0.71	0.51	0.09	3.04
Purchases of Intangible Assets	-11.07	-6.14	-9.21	-4.53	-6.73	-4.36
Other Investing Activities	-	15	15	9.8	18.12	5.31
Investing Cash Flow	-143.7	-131	-107.7	-106.8	-75.86	-66.9
Long-Term Debt Issued	29.98	6.55	-8.89	49.44	44.07	-120.05
Long-Term Debt Repaid	-	-	-	-	-85.39	-
Net Long-Term Debt Issued (Repaid)	29.98	6.55	-8.89	49.44	-41.32	-120.05
Issuance of Common Stock	-	0.07	1.97	1.9	0.85	0.91
Repurchase of Common Stock	-9.48	-	-5	-7.82	-28.06	-6.01
Net Common Stock Issued (Repurchased)	-9.48	0.07	-3.04	-5.92	-27.22	-5.11
Common Dividends Paid	-77.05	-75.53	-73.53	-71.81	-70.42	-67.28
Other Financing Activities	-47.96	-50.14	-42.81	-40.01	-31.24	-34.63
Financing Cash Flow	-101.47	-119.05	-128.27	-68.3	-170.2	-227.06
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.27	3.45	0.09	1.65	-0.19	-1.41
Net Cash Flow	16.05	14.03	-5.45	9.38	-22.11	43.35
Free Cash Flow	127.03	120.42	116.23	70.26	136.79	267.83
Free Cash Flow Growth	5.50%	3.60%	65.43%	-48.64%	-48.93%	437.69%
FCF Margin	4.89%	4.67%	4.70%	2.99%	6.08%	11.35%
Free Cash Flow Per Share	2.61	2.48	2.40	1.44	2.79	5.41
Levered Free Cash Flow	142.02	105.43	85.6	106.14	111.44	108.09
Unlevered Free Cash Flow	131.36	118.55	113.86	71.63	165.33	244.35

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