TSXV:RECO 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 2024	FY 2023	FY 2022	2021 - 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	2021 - 2018
Net Income	-15.81	-21.86	41.11	-58.36	-52.54	Upgrade
Depreciation & Amortization	0.31	0.06	0.07	0.01	0.04	Upgrade
Loss (Gain) From Sale of Assets	-	-	-85.49	-	-	Upgrade
Stock-Based Compensation	4.49	6.93	5.87	17.01	18.87	Upgrade
Other Operating Activities	-1.17	1.48	23.43	22	11.93	Upgrade
Change in Accounts Receivable	1.82	-1.2	-0.85	-2.55	-6.1	Upgrade
Change in Accounts Payable	-0.4	-1.58	1.5	-0.52	27.55	Upgrade
Change in Other Net Operating Assets	0.46	-0.19	-0.17	0.12	-0.41	Upgrade
Operating Cash Flow	-10.31	-16.35	-27.91	-37.07	-0.66	Upgrade
Capital Expenditures	-34.75	-33.11	-17.11	-41.04	-43.44	Upgrade
Sale of Property, Plant & Equipment	-	0.07	-	-	-	Upgrade
Other Investing Activities	-	-0.46	-0.28	-	-	Upgrade
Investing Cash Flow	-34.75	-33.51	-17.38	-41.04	-43.44	Upgrade
Issuance of Common Stock	40.11	60.2	9.94	40.52	50.41	Upgrade
Other Financing Activities	-3.18	-4.24	-1.37	-2.72	-3.4	Upgrade
Financing Cash Flow	36.93	55.95	8.57	37.8	47.02	Upgrade
Foreign Exchange Rate Adjustments	0.01	0.13	-0.02	0	0.06	Upgrade
Net Cash Flow	-8.12	6.23	-36.74	-40.3	2.98	Upgrade
Free Cash Flow	-45.07	-49.46	-45.02	-78.11	-44.11	Upgrade
Free Cash Flow Margin	-	-	-	-	-845.64%	Upgrade
Free Cash Flow Per Share	-0.15	-0.21	-0.22	-0.39	-0.22	Upgrade
Levered Free Cash Flow	-38.51	-	-93.76	-	-39.64	Upgrade
Unlevered Free Cash Flow	-38.51	-	-93.76	-	-29.1	Upgrade
Change in Working Capital	1.87	-2.97	0.48	-2.96	21.04	Upgrade

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