Stack Capital Group 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
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
Net Income	38.38	15.99	-4.22	-0.85	-0.58
Stock-Based Compensation	0.55	0.23	0.2	0	-
Other Adjustments	-46.62	-18.27	2.65	-1.62	-1.01
Changes in Trading Assets	-25.6	-24.96	-3.68	-41.75	-25.47
Changes in Accrued Expenses	5.28	0.6	0	-0.25	0.62
Changes in Other Operating Activities	-0.01	0.1	0.08	-0.05	-0.2
Operating Cash Flow	-27.64	-26.32	-4.97	-44.51	-26.64
Issuance of Common Stock	48.72	15.5	-	-	109.71
Repurchase of Common Stock	-1.22	-0.42	-1.31	-0.48	-
Net Common Stock Issued (Repurchased)	47.51	15.08	-1.31	-0.48	109.71
Other Financing Activities	-0	-	-	-	-6.77
Financing Cash Flow	47.51	15.08	-1.31	-0.48	102.94
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.49	0.53	-0.04	0.05	0.04
Net Cash Flow	19.87	-11.24	-6.28	-44.99	76.3
Free Cash Flow	-27.64	-26.32	-4.97	-44.51	-26.64
FCF Margin	-59.60%	-139.22%	460.88%	-1850.45%	-2315.83%
Free Cash Flow Per Share	-2.58	-2.78	-0.55	-4.87	-4.06
Levered Free Cash Flow	18.05	-8.27	-7.82	-42.89	-25.63
Unlevered Free Cash Flow	18.05	-8.27	-7.82	-42.89	-25.63

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