Pollard Banknote Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	28.28	35.2	31.42	19.28	19.7	33.29
Depreciation & Amortization	48.12	44.24	44.99	40.98	39.55	31.47
Other Adjustments	-17.75	-16.32	-22.28	0.31	12.62	11.64
Changes in Unearned Revenue	0.11	0.3	0.46	0.42	-	-
Changes in Other Operating Activities	1.38	-1.58	4.85	-15.8	9.27	-10.97
Operating Cash Flow	68.45	73.9	64.6	54.2	56.54	59.65
Operating Cash Flow Growth	6.09%	14.40%	19.20%	-4.14%	-5.22%	103.62%
Capital Expenditures	-28.7	-25.55	-14.58	-14.32	-22.23	-12.96
Purchases of Intangible Assets	-30.24	-28.44	-23.52	-18.9	-12.6	-5.98
Payments for Business Acquisitions	-14.53	-23.21	-13.99	-15.14	-38.37	-44.59
Other Investing Activities	59.91	52.6	39.07	22.35	12.61	1.86
Investing Cash Flow	-73.47	-77.19	-52.09	-48.36	-60.59	-61.67
Net Long-Term Debt Issued (Repaid)	26.81	26.56	-0.88	3.17	-15.35	5.06
Issuance of Common Stock	0.27	1.04	0.69	-	32.76	0.3
Net Common Stock Issued (Repurchased)	0.27	1.04	0.69	-	32.76	0.3
Common Dividends Paid	-5.41	-5.14	-4.31	-4.31	-4.26	-4.1
Other Financing Activities	-6.47	-5.65	-6.44	-6.6	-6.79	-5.19
Financing Cash Flow	15.19	16.81	-10.94	-7.73	6.37	-3.94
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.06	0.42	0.25	-0.14	-0.69	0.4
Net Cash Flow	10.12	13.95	1.82	-2.04	1.63	-5.56
Free Cash Flow	39.75	48.36	50.02	39.88	34.31	46.69
Free Cash Flow Growth	-17.80%	-3.32%	25.43%	16.23%	-26.52%	287.34%
FCF Margin	6.79%	8.68%	9.61%	8.24%	7.47%	11.28%
Free Cash Flow Per Share	1.45	1.76	1.82	1.46	1.27	1.79
Levered Free Cash Flow	76.01	79.17	66.26	33.73	30.95	45.88
Unlevered Free Cash Flow	60.27	64.54	74.23	40.95	50.95	43.64

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.