| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (114.5) | (126.9) | (60.3) | 70.2 | (77.6) | (309.4) | −299.0% | |
| Depreciation & amortization | 2.3 | 2.1 | 1.8 | 1.8 | 2.3 | 2.2 | −2.4% | |
| Stock-based compensation | 9.7 | 31.4 | 35.1 | 37.1 | 29.5 | 0.0 | −100.0% | |
| Change in working capital | 0.2 | (0.1) | (0.1) | (12.7) | (6.1) | (12.8) | −109.9% | |
| Operating cash flow | (10.6) | (16.8) | (20.2) | (52.6) | (24.1) | (77.2) | −220.4% | |
| Capital expenditure | (18.2) | (46.9) | (0.4) | (115.8) | (130.7) | (0.5) | +99.6% | |
| Acquisitions | 0.0 | 0.2 | 0.0 | (42.3) | 0.0 | 0.0 | — | |
| Investing cash flow | (18.2) | (46.7) | (68.1) | (160.1) | (130.7) | (523.4) | −300.5% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 27.8 | (1.0) | 4.4 | 147.0 | (1.0) | (1.0) | −0.2% | |
| Financing cash flow | 51.2 | 191.4 | 19.9 | 368.9 | 344.6 | 928.4 | +169.4% | |
| Free cash flow | (28.9) | (63.7) | (20.5) | (168.4) | (154.8) | (77.7) | +49.8% | |
| Net change in cash | 21.9 | 127.8 | (67.4) | 156.3 | 185.8 | 347.5 | +87.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in CAD; the shares trade in USD.
