Operational cash flow has effectively stalled, with the company failing to generate internal liquidity to offset its ongoing net losses of $4.2 million in the most recent quarter.
| Cash from Operations | -994.08K | -906.87K | 2.32M | -239.23K | 5.87M | 3.25M | -2.6M |
| Operating CF Margin % | - | -6.22% | 10.77% | -0.94% | 10.61% | 6.82% | -6.93% |
| Operating CF Growth % | 0% | -139.1% | 1069.48% | -104.07% | 80.57% | 225.04% | - |
| Net Income | -10.94M | -6.36M | -8.8M | -11.92M | 5.21M | 1.96M | -1.04M |
| Depreciation & Amortization | 0 | 171.91K | 1.45M | 1.91M | 1.72M | 1.43M | 1.29M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 9.83M | 7.89M | 6.71M | 7.61M | 1.16M | 1.71M | 1.36M |
| Working Capital Changes | 0 | -2.61M | 2.96M | 2.16M | -2.21M | -1.85M | -4.22M |
| Change in Receivables | 0 | 0 | 0 | 3.05M | -360.01K | -1.67M | 3.66M |
| Change in Inventory | 0 | 638.51K | 1.05M | 2.66M | -2.18M | -1.01M | 790.13K |
| Change in Payables | 0 | 0 | 0 | -3.51M | 928.66K | 100.43K | -7.11M |
| Cash from Investing | 0 | 58.02K | -704.8K | -1.15M | -1.43M | -2.48M | -3.14M |
| Capital Expenditures | 0 | -52.54K | -754.76K | -1.17M | -1.52M | -2.54M | -3.09M |
| CapEx % of Revenue | 0% | 0.36% | 3.5% | 4.61% | 2.74% | 5.33% | 8.23% |
| Acquisitions | 0 | 0 | 0 | 22.52K | 38.14K | 1.48K | 13.2K |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 110.56K | 49.96K | 19.95K | 351.86K | 61.44K | -60.96K |
| Cash from Financing | 0 | -2.25M | -2.04M | -286.82K | -2.54M | 395.17K | 5.88M |
| Debt Issued (Net) | 0 | -677.18K | -1.8M | -3.88M | -735.99K | 2.13M | 3.31M |
| Equity Issued (Net) | 0 | 0 | 0 | 5.09M | 0 | 0 | 4.05M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -7.53M | -6.5M | -4.28M |
| Other Financing | 0 | -1.57M | -249.42K | -1.5M | -1.81M | -1.74M | -1.47M |
| Net Change in Cash | -138.32K | -2M | -1.02M | -1.1M | 1.54M | -8.66K | -130.49K |
| Free Cash Flow | -994.08K | -959.41K | 1.56M | -1.41M | 4.35M | 711.92K | -5.69M |
| FCF Margin % | -2.68% | -6.58% | 7.26% | -5.55% | 7.87% | 1.49% | -15.17% |
| FCF Growth % | - | -161.32% | 210.69% | -132.46% | 511.68% | 112.52% | - |
| FCF per Share | -0.06 | -0.06 | 0.09 | -0.10 | 0.33 | 0.05 | -0.43 |
| FCF Conversion (FCF/Net Income) | 0.09x | 0.15x | -0.27x | 0.02x | 1.23x | 2.44x | 2.20x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and insolvency
As reported in recent financial filings, NWGL exhibits a complete breakdown in cash conversion, with operating cash flow falling to zero in the most recent periods despite persistent net losses, suggesting that the company is unable to generate internal liquidity to offset its ongoing operational deficits.
The absence of positive operating cash flow in recent quarters indicates that the company's accrual-based net losses are not being mitigated by working capital adjustments or non-cash charges. This suggests that the business model is currently consuming rather than generating cash, leaving the firm entirely dependent on external financing or asset liquidation to survive.
Based on historical data, NWGL's free cash flow trajectory has shifted from a positive 53% margin in 2022 to a state of total stagnation, reflecting a severe inability to sustain operations without continuous capital infusion during this period of significant revenue contraction and operational distress.
The rapid deterioration of free cash flow margins highlights the company's inability to scale its operations effectively. Investors should monitor whether the company can stabilize its cash burn, as the current trend suggests that the core forestry business is failing to cover its own maintenance and administrative costs.
According to the provided cash flow statements, NWGL has seen its working capital management grind to a halt, with zero reported changes in recent periods, which implies a potential lack of operational activity or an inability to effectively manage receivables and inventory during this downturn.
The lack of movement in working capital accounts suggests that the company may be struggling to move inventory or collect on sales, which is consistent with the broader revenue decline. This stagnation warrants further investigation into whether the company is effectively managing its supply chain or if it has simply ceased meaningful operational throughput.
As indicated by the latest quarterly data, the company's cash flow statement obscures the severity of its financial position by showing zero activity, which masks the underlying reality that the firm is likely facing a critical liquidity event given its dwindling cash reserves of under $1 million.
The lack of reported cash flow activity in recent periods may suggest that the company is no longer able to fund its standard operating cycle. This silence in the cash flow statement is a significant red flag that implies the company may be nearing a point of operational insolvency.
Quick answers to the most common questions about buying NWGL stock.
CL Workshop Group Limited (NWGL) generated $-0.9M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
CL Workshop Group Limited (NWGL) reported negative free cash flow of $1.0M in 2025, indicating capital requirements exceeded cash from operations.
CL Workshop Group Limited (NWGL) spent $0.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.