Kingfish Limited (KFL.NZ)

Industry: Asset Management Sector: Financial Services Currency Used: NZ Live Price: $1.30

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Stock Price	1.31	1.26	1.29	1.62	1.97	1.47	1.41	1.35	1.29	1.34	1.30	1.30	1.23	1.00	0.93	0.92	0.83	0.99	1.43	1.21	1.02
Market Capitalization	451.71M	425.49M	424.32M	517.92M	574.65M	366.45M	296.84M	259.48M	216.58M	203.89M	175.76M	154.82M	140.57M	103.84M	83.51M	79.41M	70.74M	73.57M	87.77M	70.16M	59.12M
(-) Cash & Equivalents	7.67M	3.17M	7.70M	8.47M	27.09M	13.51M	13.37M	9.31M	7.27M	10.58M	10.35M	10.69M	16.33M	5.16M	5.78M	5.18M	3.26M	0.00M	0.00M	1.63M	2.38M
(+) Total Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Enterprise Value	444.04M	422.32M	416.62M	509.45M	547.56M	352.94M	283.47M	250.16M	209.31M	193.31M	165.41M	144.13M	124.24M	98.68M	77.74M	74.23M	67.49M	73.57M	87.77M	68.53M	56.75M

Income Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-03-31	2005-03-31
Revenue	96M	-77M	42M	27M	-18M	-16M	144M	3M	48M	38M	27M	27M	15M	32M	33M	10M	12M	26M	-29M	12M	0M	23M	22M
Cost of Revenue	10M	4M	0M	6M	4M	6M	13M	5M	0M	0M	0M	4M	3M	5M	6M	2M	2M	2M	1M	1M	0M	2M	3M
Gross Profit	87M	-81M	42M	21M	-22M	-22M	131M	-2M	48M	38M	27M	23M	12M	27M	27M	8M	10M	25M	-29M	11M	0M	21M	19M
Gross Profit Margin	90.0%	105.1%	100.0%	78.8%	121.8%	136.5%	91.3%	-72.8%	100.0%	100.0%	100.0%	84.0%	81.9%	84.9%	82.4%	81.3%	85.8%	93.8%	102.6%	91.3%	0.0%	89.9%	86.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	12M	5M	1M	1M	1M	1M	1M	1M	1M	1M	2M	2M	1M	3M	4M	1M	1M	0M	1M	47M	0M	2M	2M
Operating Expenses	12M	5M	1M	1M	1M	1M	1M	1M	1M	1M	5M	5M	3M	5M	6M	2M	2M	2M	2M	48M	0M	4M	19M
Operating Income (EBIT)	75M	-86M	41M	20M	-23M	-23M	130M	-4M	47M	36M	23M	18M	9M	22M	21M	6M	8M	23M	-31M	-37M	0M	17M	0M
Operating Income Margin	77.8%	111.8%	96.9%	74.5%	128.8%	144.5%	90.4%	-114.8%	97.5%	96.6%	82.3%	66.8%	61.6%	69.1%	64.0%	59.3%	68.8%	86.9%	108.5%	-306.1%	0.0%	71.7%	0.2%
Interest Income	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M	0M	1M
Interest Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Interest Income	0M	0M	1M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	1M	0M	0M	0M	1M
Unusual Items	17M	-3M	-1M	0M	3M	6M	13M	5M	0M	0M	0M	4M	2M	4M	5M	1M	1M	1M	0M	0M	0M	2M	16M
EBT Excluding Unusual Items	75M	-86M	41M	20M	-23M	-23M	130M	-3M	47M	37M	23M	19M	10M	22M	21M	6M	9M	23M	-30M	-36M	0M	17M	1M
Pre-Tax Income	92M	-89M	41M	20M	-19M	-17M	143M	2M	47M	36M	22M	23M	12M	26M	26M	7M	10M	24M	-31M	-37M	0M	19M	17M
Pre-Tax Margin	95.3%	115.3%	96.9%	74.5%	107.0%	108.1%	99.1%	57.9%	97.5%	96.6%	81.7%	82.3%	78.5%	83.9%	81.3%	76.8%	82.3%	92.6%	108.0%	-304.8%	0.0%	79.9%	75.6%
Income Tax Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Income	92M	563M	41M	20M	-19M	-17M	143M	2M	47M	36M	22M	23M	12M	26M	26M	7M	10M	24M	-31M	-37M	0M	19M	17M
Net Income Margin	95.3%	-730.7%	96.8%	74.4%	107.1%	108.2%	99.1%	57.0%	97.4%	96.5%	81.6%	82.2%	78.3%	83.8%	81.3%	76.7%	80.9%	92.9%	107.6%	-304.7%	0.0%	80.8%	74.6%
Depreciation & Amortization	-75M	69M	0M	-20M	19M	17M	-143M	-2M	-47M	-36M	-22M	-23M	-12M	-26M	-26M	0M	0M	0M	0M	0M	0M	0M	0M
EBITDA	0M	-17M	41M	0M	-4M	-6M	-13M	-5M	0M	0M	0M	-4M	-3M	-5M	-6M	6M	8M	23M	-31M	-37M	0M	17M	0M
EBITDA Margin	-0.5%	21.7%	96.9%	0.0%	21.8%	36.5%	-8.7%	-172.8%	0.0%	-0.1%	0.5%	-15.5%	-16.9%	-14.8%	-17.3%	59.3%	68.8%	86.9%	108.5%	-306.1%	0.0%	71.7%	0.2%
NOPAT	75M	-68M	41M	20M	-18M	-18M	130M	-3M	47M	36M	23M	18M	9M	22M	21M	6M	8M	23M	-25M	-29M	0M	17M	0M
NOPAT Margin	77.8%	88.3%	96.8%	74.4%	101.7%	114.2%	90.4%	-112.9%	97.4%	96.5%	82.2%	66.7%	61.4%	69.0%	64.0%	59.2%	67.7%	87.2%	85.7%	-241.8%	0.0%	72.5%	0.2%
Owner's Earnings	16M	633M	41M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	7M	10M	24M	-31M	-37M	0M	19M	17M
Owner's Earnings Margin	17.0%	-820.8%	96.8%	-0.1%	0.1%	0.1%	0.0%	-1.0%	-0.2%	-0.2%	-0.1%	-0.1%	-0.2%	-0.1%	-0.1%	76.7%	80.9%	92.9%	107.6%	-304.7%	0.0%	80.8%	74.6%
EPS (Basic)	0.27	652,363,074.72	0.12	0.06	-0.06	-0.05	0.56	0.01	0.24	0.20	0.14	0.17	0.10	0.23	0.25	0.08	0.11	0.29	-0.36	-0.57	0.63	0.33	0.28
EPS (Diluted)	0.27	1.74	0.12	0.06	-0.06	-0.05	0.56	0.01	0.24	0.20	0.14	0.15	0.09	0.23	0.25	0.08	0.09	0.29	-0.36	-0.33	0.00	0.33	0.29
Shares (Basic)	343M	324M	343M	334M	315M	315M	254M	231M	194M	185M	154M	135M	121M	116M	105M	93M	88M	86M	85M	65M	58M	58M	59M
Shares (Diluted)	343M	324M	343M	334M	315M	315M	254M	231M	198M	186M	158M	154M	133M	116M	107M	93M	108M	86M	85M	111M	58M	58M	59M

Balance Sheet

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2006-03-31	2005-03-31
Cash & Cash Equivalents	15.34M	1.46M	15.34M	4.89M	6.40M	8.01M	33.53M	18.49M	19.27M	10.77M	2.60M	13.73M	10.79M	11.30M	13.86M	10.32M	11.55M	10.35M	6.51M	21.29M	3.26M	4.75M
Short-Term Investments	0.00M	483.70M	0.00M	453.30M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	213.33M	193.52M	153.93M	150.29M	127.58M	94.35M	88.92M	83.65M	69.55M	0.00M	0.00M	0.10M
Cash & Short-Term Investments	15.34M	485.16M	15.34M	458.19M	6.40M	8.01M	33.53M	18.49M	19.27M	10.77M	215.94M	207.26M	164.72M	161.59M	141.44M	104.67M	100.48M	94.00M	76.06M	21.29M	3.26M	4.86M
Net Receivables	1.03M	2.31M	1.03M	0.62M	0.27M	1.77M	0.33M	2.37M	12.77M	4.29M	5.09M	1.52M	1.58M	0.56M	1.00M	0.19M	0.21M	0.71M	0.89M	0.00M	0.32M	0.00M
Inventory	0.00M	0.00M	0.00M	0.00M	-453.18M	0.00M	0.00M	0.00M	-281.55M	-264.40M	-213.33M	-193.52M	-153.93M	-150.29M	-127.58M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Assets	0.00M	0.00M	0.00M	0.00M	2.33M	1.69M	0.00M	0.02M	0.04M	0.04M	0.01M	0.03M	0.03M	0.04M	0.00M	0.00M	0.00M	0.00M	0.00M	2.27M	0.00M	0.04M
Total Current Assets	16.37M	487.47M	16.37M	458.81M	-444.18M	11.47M	33.86M	20.88M	-249.46M	-249.30M	7.70M	15.29M	12.40M	11.90M	14.86M	104.86M	100.68M	94.71M	76.95M	23.56M	3.58M	4.90M
Property, Plant & Equipment	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	0.00M	0.00M	453.30M	453.18M	494.85M	526.52M	324.95M	281.55M	264.40M	213.43M	194.26M	154.65M	151.38M	128.63M	95.43M	90.20M	85.93M	71.03M	89.73M	90.41M	74.51M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.15M	0.06M	0.00M	0.00M	0.03M
Other Non-Current Assets	454.17M	0.00M	454.17M	-453.30M	-453.18M	-494.85M	-526.52M	-324.95M	-281.55M	-264.40M	-213.33M	-193.52M	-153.93M	-150.29M	-127.58M	-94.35M	-88.92M	-83.65M	-69.55M	0.00M	0.00M	0.00M
Other Assets	0.00M	0.00M	0.00M	-453.30M	0.05M	0.06M	0.00M	0.00M	0.00M	0.01M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Assets	454.17M	0.00M	454.17M	-453.30M	0.05M	0.06M	0.00M	0.00M	0.00M	0.01M	0.09M	0.74M	0.72M	1.09M	1.05M	1.08M	1.28M	2.43M	1.54M	89.73M	90.41M	74.53M
Total Assets	470.54M	487.47M	470.54M	5.50M	-444.13M	11.53M	33.86M	20.88M	-249.46M	-249.29M	7.80M	16.02M	13.11M	12.99M	15.91M	105.94M	101.96M	97.14M	78.50M	113.29M	93.99M	79.43M
Accounts Payable	0.70M	0.80M	0.70M	0.58M	0.64M	0.27M	1.49M	0.43M	3.01M	3.11M	0.12M	1.05M	0.22M	1.43M	2.17M	0.33M	0.37M	0.11M	0.09M	0.57M	1.41M	2.33M
Short-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	0.00M	0.00M	0.00M	0.17M	-1.14M	-0.82M	-8.83M	-0.82M	-3.01M	-3.21M	-0.12M	-1.20M	-1.20M	-2.91M	-2.23M	-0.39M	-0.43M	-0.21M	-0.05M	0.00M	-1.41M	-2.33M
Total Current Liabilities	0.70M	0.80M	0.70M	0.75M	-0.50M	-0.55M	-7.35M	-0.39M	0.00M	-0.11M	0.00M	-0.14M	-0.98M	-1.48M	-0.05M	-0.06M	-0.07M	-0.09M	0.04M	0.57M	0.00M	0.00M
Long-Term Debt	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Non-Current Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	0.70M	0.80M	0.70M	0.75M	-0.50M	-0.55M	-7.35M	-0.39M	0.00M	-0.11M	0.00M	-0.14M	-0.98M	-1.48M	-0.05M	-0.06M	-0.07M	-0.09M	0.04M	0.57M	0.00M	0.00M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	427.65M	422.60M	427.65M	418.21M	405.93M	392.55M	376.08M	278.85M	214.30M	205.12M	164.73M	157.69M	123.82M	117.62M	111.02M	93.40M	88.56M	85.74M	84.02M	83.01M	57.91M	58.50M
Retained Earnings	42.25M	64.08M	42.25M	39.41M	55.66M	112.86M	175.37M	66.55M	94.28M	70.04M	54.92M	49.77M	41.76M	42.84M	28.38M	11.70M	12.52M	10.41M	-5.82M	28.73M	34.35M	16.69M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	2.04M	1.12M	0.42M	0.90M	0.27M	1.34M	1.87M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	469.90M	486.67M	469.90M	457.62M	461.58M	505.41M	551.45M	345.40M	310.62M	276.28M	220.07M	208.35M	165.85M	161.80M	141.27M	105.10M	101.08M	96.15M	78.20M	111.74M	92.26M	75.19M
Total Equity	469.90M	486.67M	469.90M	457.62M	461.58M	505.41M	551.45M	345.40M	310.62M	276.28M	220.07M	208.35M	165.85M	161.80M	141.27M	105.10M	101.08M	96.15M	78.20M	111.74M	92.26M	75.19M
Total Liabilities & Equity	470.60M	487.47M	470.60M	458.37M	461.09M	504.86M	544.10M	345.02M	310.62M	276.17M	220.07M	208.21M	164.87M	160.32M	141.22M	105.04M	101.01M	96.06M	78.24M	112.31M	92.26M	75.19M
Tangible Assets	470.54M	487.47M	470.54M	5.50M	-444.13M	11.53M	33.86M	20.88M	-249.46M	-249.29M	7.80M	16.02M	13.11M	12.99M	15.91M	105.94M	101.96M	97.14M	78.50M	113.29M	93.99M	79.43M
Tangible Equity	469.90M	486.67M	469.90M	457.62M	461.58M	505.41M	551.45M	345.40M	310.62M	276.28M	220.07M	208.35M	165.85M	161.80M	141.27M	105.10M	101.08M	96.15M	78.20M	111.74M	92.26M	75.19M
Tangible Book Value	469.90M	486.67M	469.90M	457.62M	461.58M	505.41M	551.45M	345.40M	310.62M	276.28M	220.07M	208.35M	165.85M	161.80M	141.27M	105.10M	101.08M	96.15M	78.20M	111.74M	92.26M	75.19M
Total Investments	0.00M	483.70M	0.00M	453.30M	453.18M	494.85M	526.52M	324.95M	281.55M	264.40M	426.76M	387.78M	308.58M	301.66M	256.21M	189.78M	179.12M	169.57M	140.59M	89.73M	90.41M	74.61M
Net Debt	-15.34M	-1.46M	-15.34M	-4.89M	-6.40M	-8.01M	-33.53M	-18.49M	-19.27M	-10.77M	-2.60M	-13.73M	-10.79M	-11.30M	-13.86M	-10.32M	-11.55M	-10.35M	-6.51M	-21.29M	-3.26M	-4.75M

Capital Metrics

Metric	MRQ	MRQ-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2006-03-31	2005-03-31
Working Capital	15.7M	486.7M	15.7M	457.6M	8.4M	10.5M	24.9M	20.5M	29.1M	12.0M	220.9M	207.8M	166.1M	160.8M	140.3M	104.5M	100.3M	94.6M	76.9M	23.0M	2.2M	0.9M
Total Capital	469.9M	486.7M	469.9M	457.6M	461.6M	505.4M	551.4M	345.4M	310.6M	276.3M	220.1M	208.4M	165.8M	161.8M	141.3M	105.6M	101.5M	97.0M	78.2M	111.7M	92.3M	75.2M
Capital Employed	469.9M	486.7M	469.9M	457.6M	461.6M	505.4M	551.4M	345.4M	310.7M	276.4M	221.0M	208.5M	166.8M	161.8M	141.3M	105.6M	101.6M	97.0M	78.4M	112.7M	92.6M	75.4M
Invested Capital	454.6M	485.2M	454.6M	452.7M	455.2M	497.4M	517.9M	326.9M	291.3M	265.5M	217.5M	194.6M	155.1M	150.5M	127.4M	95.2M	90.0M	86.6M	71.7M	90.4M	89.0M	70.4M

Cash Flow Statement

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2006-03-31	2005-03-31
Net Income	91.81M	-108.41M	40.81M	19.91M	-19.47M	-17.31M	142.71M	1.74M	47.06M	36.33M	22.40M	22.54M	11.93M	26.45M	26.48M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Depreciation & Amortization	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.01M	2.04M	1.11M	0.41M	0.61M	0.00M	0.00M	1.45M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	0.90M	-0.89M	-0.96M	2.58M	0.54M	-11.16M	10.56M	-1.77M	4.20M	-2.56M	-3.67M	0.04M	-1.29M	-0.34M	1.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Receivable	1.23M	-0.91M	-0.42M	1.98M	0.87M	-3.15M	2.02M	10.42M	-8.49M	0.77M	-3.54M	0.04M	-1.00M	0.40M	-0.80M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	-0.33M	0.02M	0.00M	0.60M	-0.32M	-8.01M	8.54M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	0.00M	0.00M	-0.54M	0.00M	-0.32M	-8.01M	8.54M	-12.19M	12.69M	2.16M	-0.14M	0.00M	-0.29M	-0.74M	1.83M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Cash Items	-30.44M	148.22M	-0.86M	-0.12M	41.67M	31.67M	-201.57M	-33.80M	-30.04M	-44.45M	-19.46M	-39.59M	-4.42M	-23.37M	-33.23M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Operating Activities	62.27M	39.93M	38.99M	22.36M	22.75M	3.21M	-48.30M	-33.83M	23.26M	-10.68M	-0.33M	-16.39M	6.23M	2.74M	-4.28M	2.17M	6.04M	10.29M	-13.45M	-1.05M	-1.14M	-0.51M
Capital Expenditures (PPE)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-8.25M	-57.44M
Sales / Maturities of Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	9.37M	4.20M
Other Investing Activities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Investing Activities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.08M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.13M	-53.24M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.54M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.68M	-0.54M	-3.10M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	-7.30M	-0.51M	-6.01M	-0.83M	0.00M	0.00M	84.82M	52.25M	0.00M	35.15M	0.00M	0.00M	0.00M	0.00M	13.23M	1.02M	-0.66M	-1.80M	0.92M	0.00M	-0.29M	58.50M
Common Stock Issuance	-0.02M	0.23M	0.00M	0.00M	0.24M	-0.03M	84.82M	52.25M	0.54M	35.15M	0.00M	0.00M	0.00M	0.00M	13.34M	2.12M	0.59M	0.00M	1.44M	20.19M	1.63M	58.50M
Common Stock Repurchased	-7.28M	-0.49M	-6.01M	-0.83M	0.00M	0.00M	0.00M	0.00M	-0.54M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.11M	-1.10M	-1.24M	-1.80M	-0.53M	-4.06M	-1.92M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-47.03M	-51.29M	-23.85M	-23.02M	-24.60M	-28.70M	-21.49M	-18.52M	-14.19M	-13.29M	-10.78M	-9.00M	-7.69M	-6.83M	-5.41M	-4.43M	-4.18M	-4.65M	-2.25M	-1.37M	-1.19M	0.00M
Common Dividends Paid	-34.93M	-33.03M	-23.85M	-23.02M	-24.60M	-28.70M	-21.49M	-18.52M	-14.19M	-13.29M	-10.78M	-9.00M	-7.69M	-6.83M	-5.41M	-4.43M	-4.18M	-4.65M	-2.25M	-1.37M	-1.19M	0.00M
Preferred Dividends Paid	0.00M	-18.27M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	1.32M	0.21M	1.32M	-0.01M	0.24M	-0.03M	0.00M	-0.68M	-0.02M	-3.10M	-0.02M	28.33M	0.95M	1.54M	0.00M	0.00M	0.00M	0.00M	0.00M	30.00M	0.00M	0.00M
Net Cash from Financing Activities	-53.01M	-51.59M	-28.53M	-23.87M	-24.36M	-28.73M	63.33M	33.05M	-14.75M	18.77M	-10.80M	19.34M	-6.74M	-5.30M	7.82M	-3.41M	-4.84M	-6.44M	-1.34M	14.77M	-1.48M	58.50M
Effect of FX on Cash	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	9.26M	-5.33M	10.45M	-1.51M	-1.61M	-25.52M	15.04M	-0.78M	8.51M	8.16M	-11.13M	2.94M	-0.51M	-2.56M	3.54M	-1.24M	1.20M	3.84M	-14.78M	13.72M	-1.49M	4.75M
Cash at Beginning of Period	25.80M	23.34M	4.89M	6.40M	8.01M	33.53M	18.49M	19.27M	10.77M	2.60M	13.73M	10.79M	11.30M	13.86M	10.32M	11.55M	10.35M	6.51M	21.29M	7.58M	4.75M	0.00M
Cash at End of Period	39.95M	18.00M	15.34M	4.89M	6.40M	8.01M	33.53M	18.49M	19.27M	10.77M	2.60M	13.73M	10.79M	11.30M	13.86M	10.32M	11.55M	10.35M	6.51M	21.29M	3.26M	4.75M
Operating Cash Flow	62.27M	39.93M	38.99M	22.36M	22.75M	3.21M	-48.30M	-33.83M	23.26M	-10.68M	-0.33M	-16.39M	6.23M	2.74M	-4.28M	2.17M	6.04M	10.29M	-13.45M	-1.05M	-1.14M	-0.51M
Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Free Cash Flow	62.27M	39.93M	38.99M	22.36M	22.75M	3.21M	-48.30M	-33.83M	23.26M	-10.68M	-0.33M	-16.39M	6.23M	2.74M	-4.28M	2.17M	6.04M	10.29M	-13.45M	-1.05M	-1.14M	-0.51M

Free Cash Flow

Metric	TTM	TTM-1	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31	2013-03-31	2012-03-31	2011-03-31	2010-03-31	2009-03-31	2008-03-31	2006-03-31	2005-03-31
EBITDA	-0.50M	-16.73M	40.83M	0.00M	-3.96M	-5.83M	-12.56M	-5.28M	0.00M	-0.02M	3.28M	-1.67M	-0.23M	-2.37M	-3.84M	7.29M	9.75M	24.28M	-30.28M	-35.77M	19.07M	16.94M
(-) Tax Adjustment	0.00M	0.00M	0.02M	0.00M	0.00M	0.00M	0.00M	-0.09M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.01M	0.16M	0.00M	-0.12M	-0.02M	0.00M	0.22M
(-) Change In Working Capital	0.90M	-0.89M	-0.96M	2.58M	0.54M	-11.16M	10.56M	-1.77M	4.20M	-2.56M	-3.67M	0.04M	-1.29M	-0.34M	1.03M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
(-) Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Unlevered Free Cash Flow	-1.39M	-15.84M	41.77M	-2.58M	-4.50M	5.32M	-23.12M	-3.43M	-4.20M	2.53M	6.95M	-1.71M	1.06M	-2.02M	-4.86M	7.28M	9.59M	24.28M	-30.16M	-35.75M	19.07M	16.72M
(-) Net Interest Income After Taxes	0.00M	0.00M	0.54M	0.00M	0.47M	0.08M	0.05M	0.29M	0.28M	0.24M	0.18M	0.39M	0.43M	0.44M	0.38M	0.33M	0.29M	0.21M	0.53M	0.35M	0.22M	0.84M
Net Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-0.54M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Levered Free Cash Flow	-1.39M	-15.84M	41.23M	-2.58M	-4.97M	5.25M	-23.17M	-3.72M	-5.02M	2.30M	6.77M	-2.10M	0.63M	-2.46M	-5.24M	6.95M	9.30M	24.07M	-30.69M	-36.11M	18.85M	15.88M