v3.25.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net earnings (loss) $ 1,295 $ (16,660)
Adjustments for:    
Depreciation and amortization 23,449 29,008
Contingent consideration adjustment (5,567) (3,827)
Net financial expenses 8,882 11,857
Share-based compensation 4,010 4,863
Unrealized foreign exchange (gain) loss (966) 153
Realized foreign exchange loss (gain) on repayment of long-term debt 580 (26)
Impairment of goodwill 5,144 0
Impairment of property and equipment and right-of-use assets and loss on remeasurement of lease liabilities 150 1,462
Cash settlement of RSUs, DSUs and PSUs (264) (371)
Other 0 (290)
Deferred taxes 1,499 (256)
Adjustments to reconcile profit (loss) 38,212 25,913
Changes in non-cash working capital items 10,221 (10,244)
Net cash from operating activities 48,433 15,669
Investing activities    
Additions to property and equipment (1,202) (746)
Additions to intangibles (239) (41)
Business acquisition, net of cash acquired (6,382) 0
Net cash used in investing activities (7,823) (787)
Financing activities    
Increase in long-term debt, net of related transaction costs 102,706 148,340
Repayment of long-term debt (123,561) (159,110)
Repayment of lease liabilities, including lease termination costs (4,628) (5,813)
Withholding taxes paid pursuant to the settlement of RSUs and PSUs (151) 0
Exercise of stock options 0 6
Shares purchased for settlement of RSUs (148) 0
Shares purchased for cancellation (402) (953)
Financial expenses paid (7,965) (11,047)
Net cash used in financing activities (34,149) (28,577)
Effect of exchange rate changes on cash 636 (29)
Cash, beginning of year 7,097 (13,724)
Cash, beginning of year 8,859 22,583
Cash, end of year 15,956 8,859
Income taxes paid $ 702 $ 601