Richards Group Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	17.25	16.4	35.85	38.89	45.17	2.07
Depreciation & Amortization	18.13	18.17	12.47	11.15	12.28	12.4
Other Amortization	0.73	0.73	0.56	0.5	0.11	0.03
Other Operating Activities	13.17	9.18	0.33	-1.25	-1.84	47.03
Change in Accounts Receivable	7.73	7.73	2.65	2.82	-5.69	-0.51
Change in Inventory	1.3	1.3	-2.96	25.59	6.93	-12.81
Change in Accounts Payable	-5.62	-5.62	-1.06	4.78	-20.01	10.6
Change in Other Net Operating Assets	-7.55	-7.02	3.37	0.72	3.36	-1.92
Operating Cash Flow	45.14	40.87	51.21	83.19	40.31	56.87
Operating Cash Flow Growth	21.08%	-20.20%	-38.44%	106.38%	-29.12%	-23.50%
Capital Expenditures	-3.56	-2.95	-1.12	-1.48	-0.86	-1.81
Cash Acquisitions	-49.93	-63.31	-4.05	-	-	-
Sale (Purchase) of Intangibles	-1.64	-1.45	-0.92	-1.23	-0.66	-0.56
Other Investing Activities	-0.97	-0.97	-	-	-49.53	-9.13
Investing Cash Flow	-56.11	-68.68	-6.08	-2.71	-51.05	-11.49
Long-Term Debt Issued	-	69.83	-	-	53	-
Long-Term Debt Repaid	-	-22.5	-27.27	-55.71	-19.69	-9.1
Net Debt Issued (Repaid)	45.41	47.33	-27.27	-55.71	33.31	-9.1
Repurchase of Common Stock	-9.03	-	-	-	-	-16.8
Common Dividends Paid	-14.69	-14.56	-14.3	-14.62	-22.02	-14.77
Other Financing Activities	-6.49	-5.91	-1.3	-3.85	-3.69	-4.28
Financing Cash Flow	15.2	26.86	-46.97	-78.18	7.6	-44.95
Foreign Exchange Rate Adjustments	1.22	0.7	-0.09	0.37	0.17	0.27
Net Cash Flow	5.45	-0.26	-1.93	2.67	-2.98	0.7
Free Cash Flow	41.58	37.92	50.09	81.71	39.45	55.06
Free Cash Flow Growth	14.14%	-24.30%	-38.69%	107.10%	-28.35%	-23.18%
Free Cash Flow Margin	9.55%	8.82%	12.28%	19.18%	8.83%	12.20%
Free Cash Flow Per Share	3.61	3.32	4.39	7.16	3.46	4.74
Cash Interest Paid	3.19	3.19	6.7	3.85	3.69	1.01
Cash Income Tax Paid	14.42	14.42	13.81	17.74	13.89	17.65
Levered Free Cash Flow	17.8	14.49	42.97	73.48	-22.42	86.12
Unlevered Free Cash Flow	21.58	17.61	44.12	76.3	-19.96	87.58
Change in Working Capital	-4.14	-3.61	2	33.9	-15.41	-4.64

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