Queen's Road Capital Investment Ltd. (TSX:QRC)

TSX:QRC Cash Flow Statement

Financials in millions USD. Fiscal year is September - August.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Net Income	115.08	18.04	4.34	-3.48	67.02
Depreciation & Amortization	0.19	0.19	0.19	0.08	-
Loss (Gain) From Sale of Investments	-99.9	-5.14	-0.89	-3.16	-67.63
Stock-Based Compensation	-	-	2.58	7.53	2.45
Other Operating Activities	-6.47	-6.44	-2.17	-1	-0.91
Change in Accounts Receivable	-0.76	0.51	-0.41	-0.1	0.02
Change in Accounts Payable	0.06	0.1	-0.02	0.83	-0.3
Change in Other Net Operating Assets	-0.01	-0.01	-0	-0.06	-0.02
Operating Cash Flow	8.19	7.24	3.61	0.64	0.63
Operating Cash Flow Growth	13.16%	100.45%	466.32%	1.59%	-
Investment in Securities	-17.29	-47.86	-21.02	-45.61	-23.57
Investing Cash Flow	-17.29	-47.86	-21.02	-45.61	-23.57
Short-Term Debt Issued	45.96	67.78	-	16.42	-
Total Debt Issued	45.96	67.78	-	16.42	-
Short-Term Debt Repaid	-48.45	-36.63	-	-16.66	-
Long-Term Debt Repaid	-0.2	-0.19	-0.18	-0.06	-
Total Debt Repaid	-48.65	-36.82	-0.18	-16.72	-
Net Debt Issued (Repaid)	-2.69	30.96	-0.18	-0.3	-
Issuance of Common Stock	16.31	-	-	80.17	-
Repurchase of Common Stock	-0.96	-0.91	-1.48	-1.32	-
Common Dividends Paid	-1.51	-3.07	-0.57	-0.88	-
Financing Cash Flow	11.15	26.97	-2.23	77.68	-
Foreign Exchange Rate Adjustments	-0.07	-0	-0.13	-0.35	0.02
Net Cash Flow	1.98	-13.65	-19.76	32.35	-22.92
Free Cash Flow	8.19	7.24	3.61	0.64	0.63
Free Cash Flow Growth	13.16%	100.45%	466.32%	1.59%	-
Free Cash Flow Margin	6.82%	31.21%	35.09%	7.50%	0.88%
Free Cash Flow Per Share	0.16	0.15	0.07	0.02	0.02
Cash Interest Paid	1.61	1.33	0.02	0.44	-
Cash Income Tax Paid	0.01	0.12	0.01	0.01	-
Levered Free Cash Flow	70.7	10.94	4.88	6.33	43.81
Unlevered Free Cash Flow	71.68	12.07	4.89	6.76	43.81
Change in Working Capital	-0.7	0.6	-0.43	0.67	-0.31

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