Pineapple Financial Inc.
For the period ended May 31, 2026. Filed Jul 20, 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.
May 31, 2026 · Filed Jul 20, 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 nine month period ended May 31, 2026
| For the nine months ended: · May 31, 2026 · May 31, 2025 | |||
|---|---|---|---|
| $ · $ | |||
| Cash provided by (used for) the following activities | |||
| Operating activities | |||
| Net loss for the period | (1,346,969) | (1,814,112) | |
| Adjustments for the following non-cash items: | |||
| Depreciation of property and equipment | 32,363 | 64,201 | |
| Bad debt written off | 18,050 | - | |
| Staking income | (620,849) | - | |
| Amortization of intangible assets | Note 4 | 600,419 | 430,391 |
| Depreciation on right of use asset | Note 10 | 124,363 | 154,399 |
| Interest expense on lease liability | Note 10 | 29,257 | 39,601 |
| Derivative liability | 65,241 | - | |
| Financing cost - warrants | 1,325,558 | - | |
| Share-based compensation | 142,000 | - | |
| Change in fair value of warrant liability | Note 7 | (467,408) | 341,765 |
| Fair value (gain)/loss on digital assets | Note 5 | (2,809,970) | - |
| Foreign exchange gain (loss) | - | (1,905) | |
| Net changes in non-cash working capital balances: | |||
| Trade and other receivables | (378,071) | (25,238) | |
| Prepaid expenses and deposits | (414,554) | 76,090 | |
| Accounts payable and accrued liabilities | (811,600) | 337,367 | |
| Deferred government incentive | (79,056) | (81,164) | |
| Deferred revenue | (30,182) | 39,407 | |
| Net cash used in operating activities | (4,621,408) | (439,198) | |
| Financing activities | |||
| Share capital issuance | Note 6 | 19,915,960 | 1,360,214 |
| Share repurchase | (660,336) | - | |
| Proceeds from director’s loan | - | 633,259 | |
| Proceeds from warrant exercise | 15,038 | - | |
| Repayment of director loans | (613,700) | - | |
| Proceeds from loans payable | Note 12 | 21,442,877 | - |
| Repayment of lease obligations | Note 9 | (134,085) | (157,146) |
| Net cash provided by financing activity | 39,965,754 | 1,836,327 | |
| Investing activities | |||
| Additions to intangible assets | Note 4 | (554,464) | (811,443) |
| Loan receivable | Note 12 | (12,002,619) | - |
| Additions to property and equipment | (1,944) | - | |
| Purchase of digital assets | Note 5 | (14,645,990) | - |
| Purchase of digital assets acquired through account payable | 345,734 | - | |
| Net cash used in investing activity | (26,859,283) | (811,443) | |
| Net change in cash | 8,485,063 | 585,686 | |
| Effect of changes in foreign exchange rates | (88,407) | (31,459) | |
| Cash, beginning of period | 2,117,371 | 580,356 | |
| Cash and restricted cash, end of period | 10,514,027 | 1,134,583 | |
Supplemental cash-flow information
| For the nine months ended: | May 31, 2026 | May 31, 2025 |
|---|---|---|
| $ | $ | |
| Cash paid for interest | 50,844 | 306,267 |
| Cash received for interest | 61,847 | - |
| Cash paid for income tax | - | - |
| Noncash transaction | Amount |
|---|---|
| Common shares issued in exchange for digital assets under the PIPE | $31,323,740 |
| Equity-classified Meteora warrants issued for advisory services | $1,382,558 |
| Common shares issued in exchange for legal services | $142,000 |
| Loan receivable and corresponding related-party loan payable recognized under the Injective Foundation collateral arrangement | $2,002,619 |
| Unsettled spot purchases recognized through accounts payable | $345,734 |
| Warrant liability transferred to equity upon exercise | $20,388 |
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