First Phosphate Corp. (PHOS) Cash Flow Statement
Where PHOS’s cash came from and went, FY2026
February 28, 2026 · Canadian dollars- Cash from operations
- −C$21.2M
- Capital expenditures
- C$26,743
- Free cash flow
- −C$21.3M
- Returned to shareholders
- —
- Change in cash
- C$18.3M cash at year-end C$20.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
PHOS operating cash flow, capex and free cash flow
PHOS cash flow trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −C$3.4MFY2023 | −C$21.2MFY2026 | — | |
| Capital expenditures | C$1.8MFY2023 | C$26,743FY2026 | −75.5%/yr | |
| Free cash flow | −C$5.2MFY2023 | −C$21.3MFY2026 | — | |
| Stock-based compensation | C$577,805FY2023 | C$3.3MFY2026 | +79.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PHOS cash flow by activity
PHOS net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
PHOS cash flow statement in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −C$23.4M | −C$7.6M | −C$8.3M | −C$3.2M |
| Depreciation & amortization | C$13,477 | C$0 | — | — |
| Stock-based compensation | C$3.3M | C$2.5M | C$1.6M | C$577,805 |
| Change in working capital | −C$555,396 | −C$2.6M | C$3.2M | −C$678,729 |
| Other non-cash items | −C$573,944 | −C$609,915 | −C$257,307 | −C$74,767 |
| Cash from operating activities | −C$21.2M | −C$8.3M | −C$3.7M | −C$3.4M |
| Investing activities | ||||
| Capital expenditures | −C$26,743 | C$0 | C$0 | −C$1.8M |
| Investments (net) | — | — | C$0 | −C$83,060 |
| Financing activities | ||||
| Net borrowing (repayment) | C$717,278 | C$0 | C$0 | −C$250,000 |
| Shares issued | C$29.4M | C$2.7M | C$10.6M | C$7.0M |
| Other financing | C$9.5M | C$0 | −C$541,957 | −C$345,852 |
| Cash from financing activities | C$39.6M | C$2.7M | C$10.0M | C$6.4M |
| Summary | ||||
| Net change in cash | C$18.3M | −C$5.6M | C$6.3M | C$1.2M |
| Cash at end of period | C$20.2M | C$1.9M | C$7.5M | C$1.2M |
| Free cash flow | −C$21.3M | −C$8.3M | −C$3.7M | −C$5.2M |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −C$8.0M | −C$13.9M | −C$5.8M | −C$2.0M | −C$1.7M |
| Depreciation & amortization | C$13,547 | C$10,392 | — | — | C$0 |
| Stock-based compensation | C$1.4M | C$1.8M | C$652,966 | C$423,577 | C$441,391 |
| Change in working capital | −C$784,420 | −C$980,992 | C$2.5M | −C$1.7M | −C$312,269 |
| Other non-cash items | −C$134,966 | −C$109,034 | C$32,891 | −C$230,432 | −C$264,284 |
| Cash from operating activities | −C$7.5M | −C$13.2M | −C$2.6M | −C$3.5M | −C$1.9M |
| Investing activities | |||||
| Capital expenditures | C$0 | C$0 | C$0 | C$0 | C$0 |
| Financing activities | |||||
| Net borrowing (repayment) | −C$11,209 | C$744,574 | — | — | C$0 |
| Shares issued | C$106,000 | C$6.2M | C$12.1M | C$8.0M | C$3.2M |
| Other financing | C$3.2M | C$6.5M | C$2.9M | C$0 | C$0 |
| Cash from financing activities | C$3.3M | C$13.4M | C$15.0M | C$8.0M | C$3.2M |
| Summary | |||||
| Net change in cash | −C$4.2M | C$207,219 | C$12.4M | C$4.4M | C$1.3M |
| Cash at end of period | C$16.0M | C$20.2M | C$20.0M | C$7.6M | C$3.2M |
| Free cash flow | −C$7.5M | −C$13.2M | −C$2.6M | −C$3.5M | −C$1.9M |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported; data from EODHD.
PHOS cash generation
In fiscal 2026 (ended February 28, 2026), First Phosphate Corp. generated -C$21.2 million of cash from operations and spent C$0.0 million on capital expenditures, leaving free cash flow of -C$21.3 million. Cash and equivalents rose by C$18.3 million over the year.
Related: PHOS income statement, PHOS balance sheet. See the PHOS stock overview for the latest quote and news.
PHOS cash flow FAQ
What is First Phosphate Corp.'s free cash flow?
First Phosphate Corp.'s free cash flow was -C$21.3 million in fiscal 2026: -C$21.2 million of operating cash flow minus C$0.0 million of capital expenditures It was -C$8.3 million a year earlier..
How much cash does First Phosphate Corp. generate from operations?
First Phosphate Corp. generated -C$21.2 million of cash from operating activities in fiscal 2026.
How much does First Phosphate Corp. spend on capital expenditures?
First Phosphate Corp. spent C$0.0 million on capital expenditures in fiscal 2026.