Pineapple Financial Inc.
For the period ended Feb 28, 2026. Filed Apr 13, 2026.
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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.
Feb 28, 2026 · Filed Apr 13, 2026
PAPL$0.98+3.1%Stored close · as of Oct 23, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Interim Consolidated Statements of Cash Flow – Unaudited
For the six month ended February 28, 2026
| For the six months ended: · February 28, 2026 · February 28, 2025 | |||
|---|---|---|---|
| $ · $ | |||
| Cash provided by (used for) the following activities | |||
| Operating activities | |||
| Net loss for the year | (25,930,939) | (1,253,990) | |
| Adjustments for the following non-cash items: | |||
| Depreciation of property and equipment | 21,555 | 42,553 | |
| Bad debt written off | 18,050 | - | |
| Staking income | (221,718) | - | |
| Amortization of intangible assets | Note 5 | 386,009 | 270,073 |
| Depreciation on right of use asset | Note 10 | 60,326 | 117,019 |
| Interest expense on lease liability | Note 10 | 20,000 | 26,824 |
| Derivative liability | 18,730 | - | |
| Warrants expense | 1,325,558 | - | |
| Share based compensation | 142,000 | - | |
| Change in fair value of warrant liability | Note 8 | (1,199,502) | (35,591) |
| Fair value loss on digital assets | Note 6 | 23,026,713 | - |
| Foreign exchange gain (loss) | - | 4,021 | |
| Net changes in non-cash working capital balances: | |||
| Trade and other receivables | (139,387) | (22,557) | |
| Prepaid expenses and deposits | (136,819) | (41,552) | |
| Accounts payable and accrued liabilities | (1,095,043) | 103,551 | |
| Deferred government incentive | (48,769) | 33,603 | |
| Deferred revenue | (9,560) | (80,182) | |
| Net cash used in operating activities | (3,762,796) | (836,228) | |
| Financing activities | |||
| Share capital issuance | Note 7 | 19,915,960 | 549,059 |
| Additional share capital issued | - | 182,828 | |
| Proceed from director’s loan | - | 599,130 | |
| Proceed from warrant exercise | 15,034 | - | |
| Repayment of loan | (613,700) | - | |
| Proceed from loan payable | Note 12 | 18,972,000 | - |
| Repayment of lease obligations | Note 10 | (89,328) | (104,696) |
| Net cash provided by financing activity | 38,199,966 | 1,226,321 | |
| Investing activities | |||
| Additions to intangible assets | Note 5 | (395,617) | (539,410) |
| Loan receivable | Note 12 | (5,000,000) | - |
| Additions to property and equipment | (1,938) | - | |
| Purchase of crypto assets | Note 6 | (13,895,990) | - |
| Net cash used in investing activity | (19,293,545) | (539,410) | |
| Net change in cash | 15,143,625 | (149,317) | |
| Effect of changes in foreign exchange rates | 634,086 | 62,568 | |
| Cash, beginning of year | 2,117,371 | 580,356 | |
| Cash, end of period | 17,895,082 | 493,607 | |
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