Stingray Group Inc. (TSX:RAY)

Stingray Group Cash Flow Statement

Financials in millions CAD. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	-38.77	-28.58	36.44	-13.74	30.12	33.29
Depreciation & Amortization	36.6	28.44	23.99	24.29	26.36	28.49
Other Amortization	9.93	9.93	6.8	6.34	5.85	6.51
Loss (Gain) From Sale of Assets	0.53	0.58	0.02	0.02	-	-
Asset Writedown & Restructuring Costs	64.7	64.7	-0.03	55.62	0.77	0.55
Loss (Gain) From Sale of Investments	1.14	1.63	-0.9	0.02	-0.29	0
Loss (Gain) on Equity Investments	0.28	0.72	3.36	1.18	1.38	-0.18
Stock-Based Compensation	27.58	27.8	10.59	7.28	2.47	6.6
Other Operating Activities	18.5	10.89	31.44	43.51	27.78	8.43
Change in Accounts Receivable	-26.2	-3.41	-9.86	-1	-4.87	2.03
Change in Inventory	6.34	6.14	2.72	1.35	-0.54	-1.95
Change in Accounts Payable	7.16	5.21	2.58	-3.92	9.24	2.1
Change in Unearned Revenue	1.12	-1.27	-3.1	2.1	1.73	-1.29
Change in Income Taxes	-2.28	-2.33	-2.88	-1.96	-4.18	-1.43
Change in Other Net Operating Assets	-4.24	-3.9	3.88	-2.56	-8.85	0.51
Operating Cash Flow	102.37	116.56	105.04	118.53	86.95	83.66
Operating Cash Flow Growth	-9.63%	10.96%	-11.38%	36.32%	3.93%	-19.74%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-6.93	-7.56	-7.19	-7.81	-8.23	-9.06
Sale of Property, Plant & Equipment	0.82	0.82	0.2	0.82	-	-
Cash Acquisitions	-215.5	-215.5	-2.49	-	-3.89	1.63
Sale (Purchase) of Intangibles	-15.79	-8.92	-7.86	-6.23	-7.22	-7.99
Investment in Securities	-1.1	-0.71	-0.05	-3.41	-1.26	-3.21
Investing Cash Flow	-238.97	-231.87	-17.4	-16.64	-20.61	-18.63

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	183.15	2.87	-	2.41	53.66
Long-Term Debt Repaid	-	-4.56	-29.9	-26.64	-4.43	-11.22
Net Debt Issued (Repaid)	227.54	178.59	-27.03	-26.64	-2.02	42.44
Issuance of Common Stock	6.51	6.74	2.94	-	-	0.29
Repurchase of Common Stock	-27.37	-13.43	-9.47	-3.23	-4.72	-15.51
Common Dividends Paid	-22.43	-21.74	-20.49	-20.72	-20.88	-21.25
Other Financing Activities	-37.75	-28.23	-29.31	-57.13	-37.83	-65.48
Financing Cash Flow	146.51	121.93	-83.36	-107.73	-65.45	-59.51

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	0.48	0.15	0.09	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-0.01	-	-
Net Cash Flow	10.39	6.76	4.38	-5.85	0.89	5.52

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	95.45	109	97.85	110.71	78.72	74.6
Free Cash Flow Growth	-9.46%	11.40%	-11.62%	40.65%	5.51%	-24.30%
Free Cash Flow Margin	18.35%	23.81%	25.29%	32.05%	24.30%	26.40%
Free Cash Flow Per Share	1.40	1.60	1.42	1.60	1.13	1.04
Levered Free Cash Flow	111.83	125.37	75.4	47.59	58.81	59.25
Unlevered Free Cash Flow	128.19	140.01	90.33	65	73.06	68.18

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	26.03	23.17	23.78	25.93	23.89	14.38
Cash Income Tax Paid	10.41	11.76	14.88	1	8.12	5.57
Change in Working Capital	-18.1	0.45	-6.66	-5.98	-7.48	-0.02

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

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