Nations Royalty Cash Flow Statement

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

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	2017 - 2021
Period Ending	Mar '25 Mar 31, 2025	May '24 May 31, 2024	Mar '24 Mar 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	2017 - 2021
Net Income	-28.55	-1.29	0.36	-0.25	-0.06	Upgrade
Stock-Based Compensation	3.28	0.06	-	-	-	Upgrade
Other Operating Activities	22.48	-	-	-	-	Upgrade
Change in Accounts Receivable	-0.79	-	-	-	-	Upgrade
Change in Accounts Payable	-1.01	0.42	-0.36	0.27	0.06	Upgrade
Change in Other Net Operating Assets	-0.03	-0.03	-	-0.01	-	Upgrade
Operating Cash Flow	-4.62	-0.83	-	0.02	-	Upgrade
Cash Acquisitions	9.33	-	-	-	-	Upgrade
Investing Cash Flow	9.33	-	-	-	-	Upgrade
Issuance of Common Stock	-	-	-	0.89	-	Upgrade
Other Financing Activities	-	-0.01	-	-0.01	-	Upgrade
Financing Cash Flow	-	-0.01	-	0.88	-	Upgrade
Net Cash Flow	4.71	-0.84	-	0.89	-	Upgrade
Free Cash Flow	-4.62	-0.83	-	0.02	-	Upgrade
Free Cash Flow Margin	-546.98%	-	-	-	-	Upgrade
Free Cash Flow Per Share	-0.04	-0.04	-	0.03	-	Upgrade
Levered Free Cash Flow	-	-0.34	-	-	-	Upgrade
Unlevered Free Cash Flow	-	-0.34	-	-	-	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.