Perma-Pipe International Holdings, Inc. (PPIH)

PPIH Cash Flow Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Net Income	13.88	8.98	10.47	5.95	6.06	-7.64
Depreciation & Amortization	3.82	3.63	3.83	3.65	4.32	4.74
Loss (Gain) From Sale of Assets	0.16	0.29	-0.01	0.04	0.04	0.06
Stock-Based Compensation	2.24	0.86	0.91	1	1.1	1.04
Provision & Write-off of Bad Debts	0.29	0	0.09	0.14	0.02	0.07
Other Operating Activities	6.96	5.73	-4.18	0.74	-0.2	-0.67
Change in Accounts Receivable	-27.16	0.39	-11.13	-13.4	-19.47	0.59
Change in Inventory	-3.67	-1.82	-0.83	-1.51	-1.62	2.42
Change in Accounts Payable	10.75	-1.17	8.81	1.09	3.2	0.73
Change in Income Taxes	0.9	-	0.14	0.45	0.96	0.21
Change in Other Net Operating Assets	13.82	-2.97	6.62	0.6	3.01	-1.39
Operating Cash Flow	21.99	13.93	14.73	-1.24	-2.57	0.17
Operating Cash Flow Growth	46.43%	-5.45%	-	-	-	-95.97%
Capital Expenditures	-9.73	-2.88	-11.11	-6.98	-2.26	-1.96
Sale of Property, Plant & Equipment	0.03	0.03	0	0.09	0.01	0
Other Investing Activities	-	-	0.01	0.5	-	-
Investing Cash Flow	-9.7	-2.85	-11.1	-6.38	-2.25	-1.96
Short-Term Debt Issued	-	0.05	-	0.04	0.06	-
Long-Term Debt Issued	-	76.34	155.71	96.9	32.67	40.04
Total Debt Issued	86.22	76.39	155.71	96.95	32.73	40.04
Short-Term Debt Repaid	-	-	-0.2	-	-	-
Long-Term Debt Repaid	-	-77.12	-157.55	-92.13	-24.29	-44
Total Debt Repaid	-83.85	-77.12	-157.75	-92.13	-24.29	-44
Net Debt Issued (Repaid)	2.37	-0.73	-2.04	4.82	8.44	-3.95
Repurchase of Common Stock	-0.51	-0.18	-1.22	-0.28	-2.2	-0.19
Financing Cash Flow	1.86	-0.91	-3.26	4.54	6.23	-4.14
Foreign Exchange Rate Adjustments	-0.24	-0.3	0.07	0.1	-0.01	-0.34
Net Cash Flow	13.92	9.88	0.45	-2.98	1.4	-6.28
Free Cash Flow	12.27	11.05	3.63	-8.22	-4.84	-1.8
Free Cash Flow Growth	16.14%	204.91%	-	-	-	-
Free Cash Flow Margin	6.11%	6.98%	2.41%	-5.76%	-3.49%	-2.12%
Free Cash Flow Per Share	1.51	1.38	0.45	-1.01	-0.58	-0.22
Cash Interest Paid	1.72	1.93	2.29	2.05	0.79	0.54
Cash Income Tax Paid	2.51	3.71	3.28	2.48	1.35	0.11
Levered Free Cash Flow	6.66	9.31	2.35	-3.73	-6.38	-1.03
Unlevered Free Cash Flow	7.94	10.7	3.87	-2.33	-5.81	-0.79
Change in Working Capital	-5.36	-5.57	3.61	-12.76	-13.93	2.56

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q