DIRTT ENVIRONMENTAL SOLUTIONS LTD

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

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Contents

Interim Condensed Consolidated Statement of Cash Flows

(Unaudited – Stated in thousands of U.S. dollars)

For the Three Months Ended September 30, · For the Nine Months Ended September 30,
2025 · 2024 · 2025 · 2024
Cash flows from operating activities:
Net (loss) income for the period	(3,484)	7,091			(10,747)		10,732
Adjustments:
Depreciation and amortization	1,534	1,487			4,561		4,542
Impairment charge on Rock Hill Facility	-	-			-		530
Stock-based compensation	742	803			2,075		1,905
Foreign exchange loss (gain)	(492)	1,051			1,573		(420)
Gain on extinguishment of convertible debt	(8)	(7,478)			(22)		(10,409)
Accretion of convertible debentures	80	1,013			255		1,398
Loss on disposal	-	132			115		422
Changes in operating assets and liabilities:
Trade and accrued receivables	1,977	(2,609)			4,638		(4,598)
Other receivables	242	106			(425)		(43)
Inventory	(422)	327			(498)		1,558
Prepaid and other assets, current and long term	118	9			(447)		335
Accounts payable and accrued liabilities	1,773	(781)			1,342		(3,366)
Other liabilities	(110)	(34)			(110)		(34)
Customer deposits and deferred revenue	2,387	609			1,730		(1,761)
Current portion of long-term debt and accrued interest	(11)	(352)			(14)		(445)
Lease liabilities	64	148			126		776
Net cash flows provided by operating activities	4,390	1,522			4,152		1,122
Cash flows from investing activities:
Purchase of property, plant and equipment, net of accounts payable changes	(283)	(310)			(1,084)		(973)
Capitalized software development expenditures	(490)	(409)			(1,420)		(1,333)
Other asset expenditures	(58)	29			(149)		(103)
Recovery of software development expenditures	51	94			165		215
Proceeds on sale of property, plant, and equipment	-	-			-		10
Proceeds on sale of assets held for sale	-	-			-		1,025
Net cash flows (used in) investing activities	(780)	(596)			(2,488)		(1,159)
Cash flows from financing activities:
Common share repurchases	(211)	-			(4,204)		-
Repayment of long-term debt	(122)	(16,230)			(312)		(21,323)
Net proceeds received from Rights Offering	-	-			-		21,273
Employee tax payments on vesting of RSUs	(89)	(32)			(149)		(239)
Net cash flows (used in) financing activities	(422)	(16,262)			(4,665)		(289)
Effect of foreign exchange on cash, cash equivalents and restricted cash	(156)	(567)			(155)		(906)
Net increase (decrease) in cash, cash equivalents and restricted cash	3,032	(15,903)			(3,156)		(1,232)
Cash, cash equivalents and restricted cash, beginning of period	23,343	39,770			29,531		25,099
Cash, cash equivalents and restricted cash, end of period	26,375	23,867			26,375		23,867
Supplemental disclosure of cash flow information:
Interest paid	(367)	(853)			(1,076)		(2,531)
Income taxes paid	(1)	(133)			(5)		(544)
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within
the consolidated balance sheet.			As at September 30,
2025 · 2024
Cash and cash equivalents				26,132		23,626
Restricted cash				243		241
Total cash, cash equivalents and restricted cash				26,375		23,867

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.