Vizsla Royalties Cash Flow Statement

Financials in millions CAD. Fiscal year is May - April.

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023
Net Income	-18.39	-3.38	-0.18	0.02
Stock-Based Compensation	16.37	2.16	-	-
Other Operating Activities	0.08	-0.06	0	-0.02
Change in Accounts Payable	0.08	0.1	-0	0.04
Change in Income Taxes	-8.93	0.22	-0	-0.04
Change in Other Net Operating Assets	-0.04	-0.03	-	-
Operating Cash Flow	-10.83	-0.99	-0.19	-0
Sale (Purchase) of Intangibles	-54.73	-	-0.01	-1.54
Investing Cash Flow	-54.73	-	-0.01	-1.54
Short-Term Debt Issued	-	0.37	0.17	1.6
Total Debt Issued	-	0.37	0.17	1.6
Short-Term Debt Repaid	-	-0.47	-	-
Total Debt Repaid	-	-0.47	-	-
Net Debt Issued (Repaid)	-	-0.1	0.17	1.6
Issuance of Common Stock	63.73	8.81	-	-
Financing Cash Flow	60.24	8.7	0.17	1.6
Foreign Exchange Rate Adjustments	0.11	-0.01	-0	0
Net Cash Flow	-5.2	7.71	-0.03	0.05
Levered Free Cash Flow	-49.45	0.29	-0.15	-
Unlevered Free Cash Flow	-49.45	0.29	-0.15	-
Change in Working Capital	-8.89	0.28	-0	-