Defense Metals Cash Flow Statement

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

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2020
Net Income	-5.14	-5.77	-2.76	-2.71	-3.78	-2.64	Upgrade
Depreciation & Amortization	0.06	0.06	-	-	-	-	Upgrade
Stock-Based Compensation	0.86	1.14	0.63	1	1.54	0.65	Upgrade
Other Operating Activities	0.95	1.56	-0.37	-1.32	-0.23	-0.04	Upgrade
Change in Accounts Payable	-1.54	0.42	-0.13	0.11	0.1	0.04	Upgrade
Change in Other Net Operating Assets	-0.01	0.07	0.03	-0.03	0.02	-0.01	Upgrade
Operating Cash Flow	-4.81	-2.52	-2.6	-2.96	-2.36	-2	Upgrade
Capital Expenditures	-1.32	-1.52	-10.12	-6.9	-2.95	-1.53	Upgrade
Cash Acquisitions	-	-	-	-	0	-	Upgrade
Investing Cash Flow	-1.32	-1.52	-10.12	-6.9	-2.95	-1.53	Upgrade
Short-Term Debt Issued	-	4	-	-	-	-	Upgrade
Total Debt Issued	1.68	4	-	-	-	-	Upgrade
Long-Term Debt Repaid	-	-0.07	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	1.57	3.93	-	-	-	-	Upgrade
Issuance of Common Stock	5.96	-	13.24	11.86	5.99	4.41	Upgrade
Other Financing Activities	-0.45	-0.11	-1.36	-0.95	-0.81	-0.19	Upgrade
Financing Cash Flow	7.08	3.82	11.88	10.91	5.18	4.22	Upgrade
Net Cash Flow	0.94	-0.22	-0.85	1.04	-0.12	0.68	Upgrade
Free Cash Flow	-6.14	-4.04	-12.73	-9.87	-5.31	-3.53	Upgrade
Free Cash Flow Per Share	-0.02	-0.02	-0.05	-0.06	-0.06	-0.07	Upgrade
Levered Free Cash Flow	-4.65	0.89	-11.26	-8.39	-3.42	-2.67	Upgrade
Unlevered Free Cash Flow	-4.23	1.27	-11.26	-8.39	-3.42	-2.67	Upgrade
Change in Working Capital	-1.55	0.49	-0.1	0.07	0.12	0.03	Upgrade

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