Mazarin Inc. (TSXV:MAZ.H)

Mazarin Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-16.74	1.41	1.87	-0.39	0.83
Depreciation & Amortization	0.09	0.08	0.05	0.02	0.01
Loss (Gain) From Sale of Assets	-	-	-0.29	-	-
Loss (Gain) From Sale of Investments	-2.39	-3.55	-1.26	0.97	-2.53
Stock-Based Compensation	0.05	0.05	0.08	0.03	0.03
Other Operating Activities	-6.36	3.82	-0.52	0.01	3.24
Change in Accounts Receivable	1.18	-2.14	1.63	-1.15	-2.39
Change in Accounts Payable	3.37	0.18	0.41	0.04	0.2
Change in Unearned Revenue	-0.05	-0.06	-0.03	-	-
Change in Income Taxes	-0.7	0.26	0.44	-0.13	0.11
Change in Other Net Operating Assets	-0.01	-0.04	-0.01	-0.02	-0.02
Operating Cash Flow	-21.55	0.02	2.36	-0.62	-0.52
Operating Cash Flow Growth	-	-99.28%	-	-	-
Capital Expenditures	-0.11	-0.08	-0.56	-0.05	-0.88
Sale of Property, Plant & Equipment	-	0.03	-	-	-
Investment in Securities	1.47	-0.04	-2.06	1.19	1.1
Other Investing Activities	-7.1	-0.51	-0.03	-0.29	0.46
Investing Cash Flow	-5.73	-0.6	-2.65	0.86	0.68
Short-Term Debt Issued	-	-	-	-	0.35
Long-Term Debt Issued	27.82	-	-	-	-
Total Debt Issued	27.82	-	-	-	0.35
Short-Term Debt Repaid	-	-	-	-	-0.35
Total Debt Repaid	-	-	-	-	-0.35
Net Debt Issued (Repaid)	27.82	-	-	-	-
Issuance of Common Stock	-	0.05	0.06	0.02	0
Other Financing Activities	0.07	0.07	0.14	-	-
Financing Cash Flow	27.89	0.12	0.2	0.02	0
Net Cash Flow	0.61	-0.46	-0.09	0.25	0.16
Free Cash Flow	-21.65	-0.07	1.81	-0.67	-1.4
Free Cash Flow Margin	-374.02%	-1.14%	55.52%	-39.08%	-60.23%
Free Cash Flow Per Share	-0.43	-0.00	0.04	-0.01	-0.03
Cash Income Tax Paid	-	0.38	-	0.1	-
Levered Free Cash Flow	25.47	-0.84	2.12	-0.08	-2.14
Unlevered Free Cash Flow	25.47	-0.84	2.12	-0.08	-2.14
Change in Working Capital	3.79	-1.8	2.44	-1.26	-2.11

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