MERC: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net loss - basic and diluted	-189,189	-108,410
Depreciation and amortization	117,390	77,878
Deferred income tax recovery	-22,127	-11,138
Inventory impairment	31,400	11,000
Loss on disposal of investment in joint venture	0	0
Goodwill impairment	0	0
Defined benefit pension plans and other post-retirement benefit plan expense	518	344
Stock compensation expense	3,352	2,042
Foreign exchange transaction losses (gains)	-14,299	-17,779
Other	-6,656	-4,640
Defined benefit pension plans and other post-retirement benefit plan contributions	0	0
Accounts receivable	-25,035	-14,790
Inventories	4,041	24,066
Accounts payable and accrued expenses	13,227	16,386
Prepaid expenses and other	34,089	8,760
Net cash from (used in) operating activities	-37,569	-7,515
Purchase of property, plant and equipment	74,430	44,413
Proceeds on sale of property, plant and equipment	1,484	-
Proceeds from government grants	4,973	3,115
Other	2,273	1,335
Net cash used in investing activities	-70,246	-42,633
Proceeds from (repayment of) revolving credit facilities, net	46,636	25,361
Dividend payments	10,039	5,015
Payment of finance lease obligations	9,785	4,913
Other	120	545
Net cash from (used in) financing activities	26,932	15,978
Effect of exchange rate changes on cash and cash equivalents	-5,940	-4,256
Net decrease in cash and cash equivalents	-86,823	-38,426
Cash and cash equivalents at beginning of period	184,925	-
Cash and cash equivalents at end of period	98,102	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

MERC: the cashflow