Imperial Equities Cash Flow Statement

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

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	4.47	4.87	-4.26	6.81	7.85	6.84
Depreciation & Amortization	0.18	0.18	0.15	0.15	0.15	0.15
Other Amortization	0.63	0.64	0.65	0.63	0.53	0.44
Gain (Loss) on Sale of Assets	0.16	0.3	1.51	-	-0.19	-
Asset Writedown	1.55	0.77	6.11	-2.13	-2.51	-1.69
Stock-Based Compensation	0.25	0.25	0.25	-	-	-
Change in Accounts Receivable	0.12	-0.36	-0.17	0.2	-0.15	-0.01
Change in Accounts Payable	0.4	0.39	-0.44	0.33	0.1	0.03
Change in Other Net Operating Assets	0.04	0.08	-0.02	-0.14	-0.01	-0.05
Other Operating Activities	3.1	3.77	5.23	5.88	5.26	4.57
Operating Cash Flow	10.79	10.59	9.84	11.27	11.21	10.45
Operating Cash Flow Growth	15.81%	7.56%	-12.67%	0.54%	7.32%	8.57%
Acquisition of Real Estate Assets	-2.65	-2.2	-0.33	-5.08	-7.9	-13.65
Sale of Real Estate Assets	0.79	2.86	4.44	-	0.2	-
Net Sale / Acq. of Real Estate Assets	-1.86	0.65	4.11	-5.08	-7.7	-13.65
Other Investing Activities	0.05	0.02	-0.88	-1.48	2.18	0.15
Investing Cash Flow	-1.25	0.9	3.45	-6.53	-3.01	-8
Short-Term Debt Issued	-	1.97	2.07	4.28	3	2.37
Long-Term Debt Issued	-	0.31	17.4	7.2	20.5	30.33
Total Debt Issued	3.33	2.28	19.47	11.48	23.5	32.7
Short-Term Debt Repaid	-	-	-4.22	-2.72	-5.28	-9.34
Long-Term Debt Repaid	-	-7.81	-22	-7.73	-21.17	-21.06
Total Debt Repaid	-6.44	-7.81	-26.21	-10.45	-26.45	-30.41
Net Debt Issued (Repaid)	-3.11	-5.53	-6.74	1.03	-2.95	2.3
Common Dividends Paid	-0.76	-0.76	-0.76	-0.76	-0.66	-0.43
Other Financing Activities	-5.27	-5.23	-5.91	-4.82	-4.55	-4.25
Net Cash Flow	0.4	-0.04	-0.12	0.19	0.04	0.07
Cash Interest Paid	5.23	5.2	5.78	5.92	3.99	3.89
Cash Income Tax Paid	0.87	1.28	-0.78	0.89	0.64	0.82
Levered Free Cash Flow	0.8	0.34	3.13	1.86	9.63	2.61
Unlevered Free Cash Flow	3.97	3.52	6.58	4.98	12.27	5.29
Change in Working Capital	0.45	-0.2	0.2	-0.07	0.12	0.12

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