Thesis Gold Cash Flow Statement

Financials in millions CAD. Fiscal year is March - February.

Millions CAD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021	2016 - 2020
Net Income	-1.65	0.89	-4.86	-12.35	-4.76	Upgrade
Stock-Based Compensation	1.1	0.1	0.31	8.94	3.13	Upgrade
Other Operating Activities	-3.14	-4.1	1.43	0.22	-0.54	Upgrade
Change in Accounts Receivable	0.02	7.02	0.85	-0.96	0.1	Upgrade
Change in Accounts Payable	-4.31	0.73	-8.33	6.92	1	Upgrade
Change in Other Net Operating Assets	0.53	-0.16	0.71	-0.64	-0.03	Upgrade
Operating Cash Flow	-7.45	4.48	-9.89	2.12	-1.1	Upgrade
Capital Expenditures	-20.37	-32.82	-23.23	-48.24	-24.91	Upgrade
Cash Acquisitions	-	8.26	-	-	-	Upgrade
Investment in Securities	-0.03	-	-	-	-	Upgrade
Other Investing Activities	1.29	-0.18	-0.55	-0.56	-0.07	Upgrade
Investing Cash Flow	-19.1	-24.74	-23.79	-48.8	-24.98	Upgrade
Long-Term Debt Repaid	-	-	-	-0.02	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-0.02	-	Upgrade
Issuance of Common Stock	30.95	11.24	20.87	46.73	53.27	Upgrade
Other Financing Activities	-2.27	-0.91	-1.48	-2.66	-3.24	Upgrade
Financing Cash Flow	28.68	10.33	19.39	44.04	50.04	Upgrade
Net Cash Flow	2.12	-9.93	-14.29	-2.64	23.95	Upgrade
Free Cash Flow	-27.82	-28.34	-33.12	-46.11	-26.02	Upgrade
Free Cash Flow Per Share	-0.14	-0.21	-0.38	-0.70	-0.50	Upgrade
Levered Free Cash Flow	-24.69	-27.69	-34.85	-47.79	-24.84	Upgrade
Unlevered Free Cash Flow	-24.69	-27.69	-34.85	-47.79	-24.84	Upgrade
Change in Net Working Capital	2.27	-7.65	9.55	0.88	-0.36	Upgrade

Updated Jan 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.