The Western Investment Company of Canada Limited (TSXV:WI)

TSXV:WI Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1.5	1.28	0.2	-0.22	-0.71	-3.21
Depreciation & Amortization	0.18	0.08	0.01	-	-	-
Other Amortization	0.12	-	-	0	-	-
Loss (Gain) From Sale of Investments	-2.86	-2.7	-0	-0.95	-	-
Loss (Gain) on Equity Investments	-0.92	-0.73	-1.24	0.61	-0.31	2.34
Stock-Based Compensation	0.42	0.19	0.06	0.05	0.06	0.06
Other Operating Activities	-0.03	0.19	0.4	0.26	0.22	0.49
Change in Accounts Receivable	-0.15	-0.05	-0.01	-0	-	-
Change in Accounts Payable	0.72	1.26	0.2	0.01	-0	-
Change in Income Taxes	-0.3	0.13	-	-	-	-
Change in Other Net Operating Assets	5.98	0.61	0.36	-0.36	0.02	0.56
Operating Cash Flow	4.65	0.26	-0.02	-0.59	-0.71	0.23
Capital Expenditures	-0.07	-0.03	-	-	-	-
Cash Acquisitions	10.04	10.04	-	-	-	-
Investment in Securities	7.52	0.85	-	0.54	-	-
Other Investing Activities	-0.43	-0.47	0.23	0.04	0.16	-0.47
Investing Cash Flow	17.06	10.39	0.23	0.58	0.16	-0.47
Long-Term Debt Issued	-	-	2.13	0.2	0.24	1.2
Total Debt Issued	-1.98	-	2.13	0.2	0.24	1.2
Short-Term Debt Repaid	-	-	-	-	-	-0.41
Long-Term Debt Repaid	-	-1.22	-1.31	-	-	-
Total Debt Repaid	-0.16	-1.22	-1.31	-	-	-0.41
Net Debt Issued (Repaid)	-2.14	-1.22	0.82	0.2	0.24	0.79
Issuance of Common Stock	36.3	36.3	-	-	-	-
Repurchase of Common Stock	-	-	-0.03	-0.02	-0.04	-0.03
Common Dividends Paid	-	-	-0.15	-0.15	-	-
Other Financing Activities	-3.09	-3.09	-0.26	-0.02	-	-0.3
Financing Cash Flow	31.07	31.98	0.38	0.01	0.2	0.46
Net Cash Flow	52.78	42.63	0.59	0	-0.34	0.22
Free Cash Flow	4.58	0.23	-0.02	-0.59	-0.71	0.23
Free Cash Flow Margin	16.20%	5.12%	-0.78%	-48.13%	-109.17%	-
Free Cash Flow Per Share	0.03	0.01	-0.00	-0.02	-0.02	0.01
Cash Interest Paid	0.59	0.59	0.5	0.4	-	0.36
Levered Free Cash Flow	-29.43	-17.42	0.07	-0.39	-0.31	-1.34
Unlevered Free Cash Flow	-28.66	-16.84	0.57	0.03	0.06	-1
Change in Working Capital	6.26	1.95	0.55	-0.35	0.02	0.56

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