Equity Metals Cash Flow Statement

Financials in millions CAD. Fiscal year is September - August.

Millions CAD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	-4.86	-5.42	-4.08	-2.91	-5.01	-4.21
Depreciation & Amortization	0.01	0.01	0.01	0.01	0.01	0.01
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.02
Stock-Based Compensation	0.81	0.79	0.39	0.48	0.46	1.01
Provision & Write-off of Bad Debts	-	-	-	-	0.03	-
Other Operating Activities	-1.08	-1.49	-0.9	0	-0.2	0
Change in Accounts Receivable	-0.08	-0.12	-0.05	-0.1	0.04	0.03
Change in Accounts Payable	-0.66	0.14	0.49	-0.04	0.02	-0.18
Change in Other Net Operating Assets	0.11	0.05	0.01	0.11	-0.02	-0.01
Operating Cash Flow	-5.75	-6.04	-4.13	-2.45	-4.66	-3.31
Capital Expenditures	0.02	-0.06	-0.01	-	-0	-0.01
Other Investing Activities	0.12	0.03	-	-	-	0.03
Investing Cash Flow	0.14	-0.03	-0.01	-	-0	0.03
Issuance of Common Stock	3.11	3.94	6.33	5.09	3.64	3.48
Other Financing Activities	-0.07	-0.07	-0.14	-0.19	-0.26	-0.2
Financing Cash Flow	3.04	3.87	6.19	4.91	3.38	3.28
Foreign Exchange Rate Adjustments	-0	-0	-0	-0	-0	-0
Net Cash Flow	-2.57	-2.2	2.05	2.45	-1.29	-0
Free Cash Flow	-5.73	-6.1	-4.14	-2.45	-4.66	-3.32
Free Cash Flow Per Share	-0.03	-0.03	-0.03	-0.02	-0.05	-0.05
Levered Free Cash Flow	-3.74	-4.2	-1.54	-1.25	-2.7	-1.74
Unlevered Free Cash Flow	-3.74	-4.2	-1.54	-1.25	-2.7	-1.74
Change in Working Capital	-0.63	0.07	0.45	-0.03	0.04	-0.15

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.