Strategem 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	0.47	0.64	-1.73	-17.63	8.28	Upgrade
Loss (Gain) From Sale of Investments	-0.71	-0.65	1.51	20.05	-11.64	Upgrade
Other Operating Activities	0.44	0.5	-1.22	-1.68	-11.93	Upgrade
Change in Accounts Receivable	-	-	-	0.04	-0.04	Upgrade
Change in Accounts Payable	0	0	-0.01	0.01	0.02	Upgrade
Change in Other Net Operating Assets	0.02	-0	-0	-0.9	0.83	Upgrade
Operating Cash Flow	0.22	0.5	-1.46	-0.11	-14.48	Upgrade
Operating Cash Flow Growth	-55.49%	-	-	-	-	Upgrade
Issuance of Common Stock	-	-	-	-	11.83	Upgrade
Other Financing Activities	-	-0.04	-0.09	-0.23	-	Upgrade
Financing Cash Flow	-	-0.04	-0.09	-0.23	11.83	Upgrade
Net Cash Flow	0.22	0.46	-1.55	-0.34	-2.65	Upgrade
Levered Free Cash Flow	0.34	0.39	-1.08	-13.56	7.41	Upgrade
Unlevered Free Cash Flow	0.34	0.41	-1.08	-13.56	7.41	Upgrade
Change in Working Capital	0.02	-	-0.02	-0.85	0.81	Upgrade

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