TSXV:RECO Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	-15.81	-52.54	-263.41	-7.48	-3.12
Depreciation & Amortization	-	0.04	0.03	-	-
Stock-Based Compensation	4.49	18.87	17.87	1.47	0.34
Other Adjustments	-0.86	11.93	231.13	0.07	1.34
Change in Receivables	1.82	-6.1	-5.78	-0.04	-0.03
Changes in Accounts Payable	-0.4	27.55	0.88	0.56	-0.56
Changes in Other Operating Activities	0.46	-0.41	7.57	0.01	-0.08
Operating Cash Flow	-10.31	-0.66	-11.71	-5.41	-2.11
Capital Expenditures	-	-0.48	-0.3	-6.36	-
Sale of Property, Plant & Equipment	-	-	0.07	-	-
Purchases of Intangible Assets	-34.75	-42.96	-35.34	-10.48	-0.07
Payments for Business Acquisitions	-	-	-	-	0.03
Other Investing Activities	-	-	14.24	-	0
Investing Cash Flow	-34.75	-43.44	-21.32	-16.84	-0.04
Issuance of Common Stock	40.11	50.41	90.35	26.77	4.98
Net Common Stock Issued (Repurchased)	40.11	50.41	90.35	26.77	4.98
Other Financing Activities	-3.18	-3.4	-2.95	-0.26	-0.28
Financing Cash Flow	36.93	47.02	87.4	26.51	4.7
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.01	0.06	-0.01	-0.01	-0
Net Cash Flow	-8.12	2.98	54.36	4.25	2.55
Free Cash Flow	-10.31	-1.15	-12.01	-11.77	-2.11
Free Cash Flow Per Share	-0.03	-0.01	-0.07	-0.14	-0.08
Levered Free Cash Flow	-15.76	-25.85	-255.23	-13.26	-3.76
Unlevered Free Cash Flow	-15.61	-18.79	-253.71	-13.05	-3.68

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.