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 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	56.49	38.36	15.99	-4.22	-0.85	-0.58
Stock-Based Compensation	0.59	0.57	0.23	0.2	0	-
Other Adjustments	-73.88	-51.09	-18.27	2.65	-1.62	-1.01
Changes in Trading Assets	-19.87	-26.12	-24.96	-3.68	-41.75	-25.47
Changes in Accrued Expenses	5.9	7.62	0.6	0	-0.25	0.62
Changes in Income Taxes Payable	1.5	1.94	-	-	-	-
Changes in Other Operating Activities	-0.02	-0.01	0.1	0.08	-0.05	-0.2
Operating Cash Flow	-28	-28.73	-26.32	-4.97	-44.51	-26.64
Issuance of Common Stock	46.55	33.2	15.5	-	-	109.71
Repurchase of Common Stock	-1.41	-1.61	-0.42	-1.31	-0.48	-
Net Common Stock Issued (Repurchased)	45.15	31.59	15.08	-1.31	-0.48	109.71
Other Financing Activities	-0	-	-	-	-	-6.77
Financing Cash Flow	45.14	31.59	15.08	-1.31	-0.48	102.94
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.14	0.03	0.53	-0.04	0.05	0.04
Net Cash Flow	17.14	2.87	-11.24	-6.28	-44.99	76.3
Free Cash Flow	-28	-28.73	-26.32	-4.97	-44.51	-26.64
FCF Margin	-37.32%	-55.59%	-139.22%	460.88%	-1850.45%	-2315.83%
Free Cash Flow Per Share	-2.23	-2.41	-2.78	-0.55	-4.87	-4.06
Levered Free Cash Flow	44.01	21.79	-8.27	-7.82	-42.89	-25.63
Unlevered Free Cash Flow	42.22	21.79	-8.27	-7.82	-42.89	-25.63

Updated May 7, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.