TSXV:IBAT Cash Flow Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	2021 - 2017
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	2021 - 2017
Net Income	5.75	-3.52	-8.51	-3.75	-11.4	0.15	Upgrade
Depreciation & Amortization	3.08	2.63	1.08	1.08	1.06	1.09	Upgrade
Stock-Based Compensation	0.98	1.77	3.58	2.26	4.98	0.36	Upgrade
Other Operating Activities	-20.4	-12.19	-2.08	-4.82	0.72	-3.33	Upgrade
Change in Accounts Receivable	0.41	-0.34	-0.08	-0.03	-0	-0.01	Upgrade
Change in Inventory	0.01	-1.06	-	-	-	-	Upgrade
Change in Accounts Payable	-0.07	-0.81	-0.04	-0.53	-2.11	1.06	Upgrade
Change in Other Net Operating Assets	-0.05	0.06	0.14	-0.42	-0.59	0.08	Upgrade
Operating Cash Flow	-10.3	-13.46	-5.91	-6.21	-7.35	-0.6	Upgrade
Capital Expenditures	-0.51	-1.33	-2.62	-3.22	-2.95	-1.02	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.01	Upgrade
Investing Cash Flow	-0.51	-1.33	-2.62	-3.22	-2.95	-1.02	Upgrade
Long-Term Debt Repaid	-	-	-	-	-0.05	-	Upgrade
Total Debt Repaid	-	-	-	-	-0.05	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	-0.05	-	Upgrade
Issuance of Common Stock	15.23	25.1	9.55	2.45	12.22	1.72	Upgrade
Other Financing Activities	-0.72	-0.6	-0.3	0.01	-0.59	-	Upgrade
Financing Cash Flow	14.51	24.49	9.25	2.46	11.58	1.72	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	-	-0.09	0	Upgrade
Net Cash Flow	3.69	9.71	0.73	-6.97	1.19	0.1	Upgrade
Free Cash Flow	-10.82	-14.78	-8.52	-9.43	-10.3	-1.62	Upgrade
Free Cash Flow Per Share	-0.04	-0.06	-0.04	-0.07	-0.07	-0.01	Upgrade
Levered Free Cash Flow	-5.01	-8.15	-4.21	-	-2.93	10.17	Upgrade
Unlevered Free Cash Flow	-5.01	-8.15	-4.21	-	-2.93	10.17	Upgrade
Change in Working Capital	0.29	-2.15	0.03	-0.98	-2.7	1.13	Upgrade

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