TSXV:IBAT Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	4.91	-3.52	-8.51	-3.75	-11.4	0.15
Depreciation & Amortization	3.92	2.63	1.08	1.08	1.06	1.09
Stock-Based Compensation	0.98	1.77	3.58	2.26	4.98	0.36
Other Operating Activities	-20.4	-12.19	-2.08	-4.82	0.72	-3.33
Change in Accounts Receivable	0.41	-0.34	-0.08	-0.03	-0	-0.01
Change in Inventory	0.01	-1.06	-	-	-	-
Change in Accounts Payable	-0.07	-0.81	-0.04	-0.53	-2.11	1.06
Change in Other Net Operating Assets	-0.05	0.06	0.14	-0.42	-0.59	0.08
Operating Cash Flow	-10.3	-13.46	-5.91	-6.21	-7.35	-0.6
Capital Expenditures	-0.51	-1.33	-2.62	-3.22	-2.95	-1.02
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.01
Investing Cash Flow	-0.51	-1.33	-2.62	-3.22	-2.95	-1.02
Long-Term Debt Repaid	-	-	-	-	-0.05	-
Total Debt Repaid	-	-	-	-	-0.05	-
Net Debt Issued (Repaid)	-	-	-	-	-0.05	-
Issuance of Common Stock	15.23	25.1	9.55	2.45	12.22	1.72
Other Financing Activities	-0.72	-0.6	-0.3	0.01	-0.59	-
Financing Cash Flow	14.51	24.49	9.25	2.46	11.58	1.72
Foreign Exchange Rate Adjustments	-	-	-	-	-0.09	0
Net Cash Flow	3.69	9.71	0.73	-6.97	1.19	0.1
Free Cash Flow	-10.82	-14.78	-8.52	-9.43	-10.3	-1.62
Free Cash Flow Per Share	-0.04	-0.06	-0.04	-0.07	-0.07	-0.01
Levered Free Cash Flow	-4.71	-8.15	-4.21	-	-2.93	10.17
Unlevered Free Cash Flow	-4.71	-8.15	-4.21	-	-2.93	10.17
Change in Working Capital	0.29	-2.15	0.03	-0.98	-2.7	1.13

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.