Bearclaw Capital Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	-0.1	-0.11	-0.09	-0.11	-0.11	Upgrade
Loss (Gain) From Sale of Assets	-	-	-0.01	-	-	Upgrade
Loss (Gain) From Sale of Investments	-0	0.01	0	0.01	0.01	Upgrade
Other Operating Activities	-0	-0.01	-0.01	-0	-	Upgrade
Change in Accounts Payable	0	-0	0	-0	-0.02	Upgrade
Change in Other Net Operating Assets	0.02	0.02	0.03	0.02	0.02	Upgrade
Operating Cash Flow	-0.08	-0.08	-0.08	-0.08	-0.11	Upgrade
Sale of Property, Plant & Equipment	-	-	0.01	-	-	Upgrade
Other Investing Activities	0	0.01	0.01	0	-	Upgrade
Investing Cash Flow	0	0.01	0.02	0	-	Upgrade
Issuance of Common Stock	-	-	0.3	-	0.24	Upgrade
Other Financing Activities	-	-	-0.01	-0	-0.01	Upgrade
Financing Cash Flow	-	-	0.29	-0	0.24	Upgrade
Net Cash Flow	-0.08	-0.08	0.23	-0.09	0.13	Upgrade
Free Cash Flow	-0.08	-0.08	-0.08	-0.08	-0.11	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	-0.01	-0.02	-0.04	Upgrade
Levered Free Cash Flow	-0.03	-0.03	-0.03	-0.04	-0.14	Upgrade
Unlevered Free Cash Flow	-0.03	-0.03	-0.03	-0.04	-0.14	Upgrade
Change in Working Capital	0.02	0.02	0.03	0.02	-0	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.