Uranium Royalty Cash Flow Statement

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

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	4.38	-5.65	9.78	-5.84	-4.26	-1.38
Depreciation & Amortization	0.19	0.12	0.02	0.02	0	-
Loss (Gain) From Sale of Investments	-2.35	-	-	-	-0.13	-
Stock-Based Compensation	0.98	0.78	0.74	0.93	1.27	-
Other Operating Activities	-0.25	0.85	-2.69	2.11	-1.06	-0.11
Change in Accounts Receivable	-0.01	13.78	-13.82	-	-	-
Change in Inventory	36.98	-29.82	-101.07	-10.38	-62.61	-12.4
Change in Accounts Payable	-0.12	-0.23	0.65	0.08	-0.06	0.11
Change in Other Net Operating Assets	0.08	-1.46	1.54	1.62	-1.96	0.07
Operating Cash Flow	39.9	-21.63	-104.84	-11.46	-68.8	-13.71
Sale (Purchase) of Intangibles	-1.04	-11.58	-0.08	-2.17	-13.75	-
Investment in Securities	2.35	-0.35	44.62	13.7	-5.37	3.95
Other Investing Activities	1.1	0.58	0.69	0.66	0.04	0.06
Investing Cash Flow	2.41	-11.36	45.24	12.19	-19.09	4.02
Long-Term Debt Issued	-	18.02	-	-	12.42	-
Total Debt Issued	-	18.02	-	-	12.42	-
Long-Term Debt Repaid	-	-19.37	-9.61	-4.19	-0	-
Total Debt Repaid	-0.07	-19.37	-9.61	-4.19	-0	-
Net Debt Issued (Repaid)	-0.07	-1.35	-9.61	-4.19	12.41	-
Issuance of Common Stock	73.76	26.17	76.47	15.1	74.12	5.42
Other Financing Activities	-	-0.44	-0.26	-1.71	-1.46	-
Financing Cash Flow	73.7	24.39	66.6	9.2	85.06	5.42
Foreign Exchange Rate Adjustments	-1.49	0.44	-0.2	0	-0	-0.35
Net Cash Flow	114.51	-8.17	6.79	9.92	-2.83	-4.62
Cash Interest Paid	-	0.44	0.17	1.35	0.58	-
Levered Free Cash Flow	37.97	-31.71	-75.49	0.28	-94.63	-42.92
Unlevered Free Cash Flow	37.98	-31.7	-75.48	1.3	-94.18	-42.92
Change in Working Capital	36.94	-17.73	-112.69	-8.68	-64.63	-12.23

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