DEFSEC Technologies (DFSC) Cash Flow: Operating & Free Cash Flow

DEFSEC Technologies Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for DEFSEC Technologies Inc. (DFSC) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Sep 2025	Sep 2024	Dec 2023	Sep 2023	Dec 2022	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Feb 2019
Operating Activities
Net Income	-9.63	-7.44	-9.31	-9.31	-10.52	-10.52	-9.32	-3.54	-1.15	-0.08
Depreciation & Amortization	1.08	1.28	0.95	0.95	0.33	0.33	0.14	0.13	0.10	0.00
Deferred Income Tax	0.00	0.00	0.00	-	-0.05	-0.05	0.01	0.00	0.00	0.00
Stock Based Compensation	0.00	0.29	0.37	0.37	1.96	1.96	2.60	1.05	0.00	0.00
Change in Working Capital	-0.36	-0.34	-2.31	-2.31	3.64	3.64	0.20	-0.25	-0.23	0.05
Change in Accounts Receivable	-0.93	-0.27	-0.57	-	0.63	-	-0.22	-0.26	-0.04	0.00
Change in Inventory	0.01	0.01	-0.15	-0.15	0.05	0.05	0.02	0.00	0.00	0.00
Change in Accounts Payable	0.96	-0.26	-1.67	-1.67	2.52	2.52	-0.83	0.39	0.00	0.00
Change in Other Working Capital	-0.41	0.17	0.07	-2.44	0.44	3.52	0.16	-0.38	-0.19	0.05
Other Operating Activities	0.95	-2.85	-3.79	-3.66	0.39	0.46	0.30	0.82	0.18	0.03
Net Cash from Operating Activities	-7.96	-9.06	-14.08	-14.08	-4.26	-4.26	-6.26	-1.79	-1.09	-0.79
Investing Activities
Capital Expenditures	-0.14	-0.11	-1.30	-0.18	-1.36	-0.19	-0.81	-0.27	-0.02	-0.04
Acquisitions	0.00	0.00	0.01	-	0.25	0.16	0.00	0.08	0.00	0.00
Purchases of Investments	-0.02	0.00	0.00	-	0.00	-	-0.03	0.00	0.00	0.00
Other Investing Activities	0.00	-0.01	-0.15	-0.14	0.00	0.09	-0.15	-0.20	0.00	0.00
Net Cash from Investing Activities	-0.18	-0.11	-1.44	-1.44	-1.11	-1.11	-1.07	-0.39	-0.02	-0.04
Financing Activities
Debt Repayment	0.00	-0.20	-2.41	-2.33	2.50	-0.06	-0.52	1.04	-0.11	0.50
Common Stock Issued	14.77	4.97	23.70	23.71	0.34	0.56	7.79	4.25	0.00	0.14
Common Stock Repurchased	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00
Other Financing Activities	-0.17	-0.75	-1.08	-0.54	0.01	-0.18	-0.61	-0.06	1.24	-0.36
Net Cash from Financing Activities	14.60	4.02	20.76	20.76	2.85	2.85	6.94	5.23	1.14	0.14
Summary
Effect of Forex Changes on Cash	-0.04	0.00	0.00	-	0.00	-	0.00	-0.18	0.00	0.00
Net Change in Cash	6.43	-5.15	5.24	5.24	-2.52	-2.52	-0.39	2.87	0.02	0.13
Cash at Beginning of Period	0.26	5.41	0.17	0.17	2.69	2.69	3.07	0.20	0.20	0.07
Cash at End of Period	6.69	0.26	5.41	5.41	0.17	0.17	2.69	3.07	0.20	0.20
Free Cash Flow	-8.10	-9.17	-15.38	-14.26	-5.62	-4.44	-7.07	-2.06	-1.11	-0.82

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DEFSEC Technologies Cash Flow

What is DEFSEC Technologies's free cash flow?

DEFSEC Technologies had negative free cash flow of CAD 8.10M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of −CAD 7.96M minus CAD 140.62K of capital expenditures.

How much does DEFSEC Technologies spend on capital expenditures?

DEFSEC Technologies spent CAD 140.62K on capital expenditures in fiscal 2025, compared with CAD 111.15K a year earlier.

Does DEFSEC Technologies pay dividends or buy back shares?

DEFSEC Technologies's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition