v3.26.3
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Operating activities:      
Net income (loss) for the year $ (24,296) $ (31,116) $ (3,577)
Items not affecting cash:      
Depreciation and amortization 5,719 5,067 410
Fair value change on derivatives 70 1,340 137
Fair value change of warrant liabilities (1,111) (3,575)
Fair value change of CVR liabilities (713) (7,195)
Fair value change of other liabilities due to non-controlling interest holders 38 (731)
Loss on investments 3,385 1,125
Other income related to tax equity (33)
Recovery of receivable through shares settlement (3,089)
Impairment loss 4,724 30,374 4,100
Accounts receivable write-offs 933 26 174
Inventory write-offs 1,856
Other income related to deferred government grants (71)
Interest expense 4,210 3,724 92
Current tax (recovery) expense (477) 953 2,962
Deferred tax (recovery) expense (372) (5,173) (16)
Deferred fees on long-term debt (534)
Loss on abandonment and disposal of assets 542 93
Lease modifications (30) (5)
Provisions 65
Share-based compensation 4,584 2,203 860
Changes in non-cash operating assets and liabilities (5,447) (10,625) 7,148
Interest paid (3,320) (2,904)
Income tax paid 333 (2,632) (1,808)
Net cash flows from (used in) operating activities (12,828) (17,260) 8,485
Investing activities:      
Increases in restricted cash (381) (6,214)
Capital expenditure refunds 246
Purchase of property, plant and equipment (43)
Purchase of construction in progress (9,422) (8,255) (7,689)
Purchase of short-term investments (716) (4,076) (2,500)
Proceeds of short-term investments 1,106 4,530 8,130
Investment in SFF shares (2,465)
Cash and restricted cash acquired on acquisition of SFF 9,887
Acquisition of Solar Alliance DevCo NCI (94)
Proceeds from government grants 2,273
Net cash flows from (used in) investing activities (6,894) (4,128) (4,661)
Financing activities:      
Proceeds from issuance of common shares, net transaction costs 18,167 3,550 104
Net proceeds from share-based compensation exercised 211 62
Net proceeds from issuance of shelf prospectus shares 6,615
Proceeds from issuance of warrants 4,975
Proceeds from equity warrants granted 791
Proceeds from equity warrants exercised 671 176
Proceeds from long-term debt 7,066 10,091
Proceeds from short-term loans 4,810 6,189 1,252
Repayment of long-term debt (4,938) (4,354) (479)
Repayment of short-term loans (2,668) (3,062)
Repayment of lease liabilities (1,109) (981) (149)
Acquisition of non-controlling interests (123)
Dividends paid to non-controlling interests holders (6)  
Net cash flows from (used in) in financing activities 22,204 23,929 728
Net increase/(decrease) in cash 2,482 2,541 4,552
Effect of changes in exchange rates on cash 624 (187) (31)
Cash, beginning of year 7,624 5,270 749
Cash, end of year $ 10,730 $ 7,624 $ 5,270