Montfort Capital Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Nov '20 Nov 30, 2020
Net Income	-15.54	-23.69	-12.5	0.59	-0.7	-0.59
Depreciation & Amortization	1.1	1.09	1.06	1.4	0.17	0.06
Asset Writedown & Restructuring Costs	-	-	3.56	-	-	-
Loss (Gain) From Sale of Investments	1.06	1.06	-	-	-0.96	-1.85
Stock-Based Compensation	0.28	0.67	1.09	0.61	0.14	0.18
Other Operating Activities	9.02	17.36	1.3	1.7	2.79	3.24
Change in Accounts Receivable	0.06	-0.94	0.17	-1.99	-0.11	-0.13
Change in Accounts Payable	0.78	-0.1	0.78	-2.32	4.25	0.08
Change in Other Net Operating Assets	-1.15	-1.35	-0.65	-3.28	0.46	-0.6
Operating Cash Flow	-35.69	-43.69	45.41	-49.33	-5.11	-4.42
Cash Acquisitions	-	-	-	-1.9	0.16	-
Investment in Securities	0.19	0.2	-	-	-	-
Other Investing Activities	3.37	3.56	-0.97	-0.32	-	-
Investing Cash Flow	3.57	3.76	-0.97	-2.23	0.16	-
Short-Term Debt Issued	-	-	-	193.95	-	2.54
Long-Term Debt Issued	-	-	16.17	-	-	-
Total Debt Issued	38.31	-	16.17	193.95	2.52	2.54
Short-Term Debt Repaid	-	-	-	-146.52	-	-1.5
Long-Term Debt Repaid	-	-9.06	-65.5	-1.6	-	-4.77
Total Debt Repaid	-12.79	-9.06	-65.5	-148.12	-2.39	-6.27
Net Debt Issued (Repaid)	25.51	-9.06	-49.33	45.84	0.13	-3.73
Issuance of Common Stock	-	-	0.08	1.44	0.78	0.12
Repurchase of Common Stock	-	-	-0.02	-0.07	-0.33	-
Preferred Dividends Paid	-0.82	-3.37	-3.26	-	-0.53	-
Common Dividends Paid	-	-	-	-1.56	-	-
Dividends Paid	-0.82	-3.37	-3.26	-1.56	-0.53	-
Other Financing Activities	-3.14	49.25	7.93	1.38	0.87	13.2
Financing Cash Flow	21.55	36.82	-44.61	47.02	2.05	13.18
Foreign Exchange Rate Adjustments	-	-	-	2.23	-0.4	-0.55
Net Cash Flow	-10.57	-3.11	-0.16	-2.31	-3.28	8.21
Cash Interest Paid	44.84	45.02	35.86	-	-	-
Cash Income Tax Paid	-	-2.44	2.04	-	-	-
Levered Free Cash Flow	114.51	116	30.74	-283.91	-	3.79
Unlevered Free Cash Flow	124.58	128.22	44.54	-274.35	-	4.73
Change in Working Capital	-0.31	-2.39	0.3	-7.59	4.59	-0.65

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