Kvutzat Acro Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	75.09	20.59	47.72	262.85	53.46	60.91
Depreciation & Amortization	3.67	2.63	1.63	1.49	1.36	1.27
Asset Writedown & Restructuring Costs	-15.39	-13.61	31.76	-292.35	-164.38	-38.17
Loss (Gain) From Sale of Investments	-	-	-	-	-	-43.31
Loss (Gain) on Equity Investments	-18.28	-2.52	0.79	-59.24	-57.49	-39.56
Stock-Based Compensation	3.63	4.74	4.54	24.83	76.04	-
Other Operating Activities	-578.2	-598.03	54.11	-568.84	123.25	81.54
Change in Accounts Receivable	129.1	-19.95	-75.73	-74.23	-49.34	-57.65
Change in Inventory	678.76	183.77	199.51	89.97	-518.91	87.53
Change in Accounts Payable	4.55	-44.27	14.58	-5.62	40.53	40.87
Change in Other Net Operating Assets	11.23	-51.45	-215.21	-61.44	177.08	64.41
Operating Cash Flow	268.84	-518.09	63.7	-682.58	-318.42	157.85
Capital Expenditures	-1.26	-1.77	-0.46	-1.33	-0.1	-0.38
Divestitures	55.8	55.8	-	-	-	-
Sale (Purchase) of Real Estate	78.91	-84.23	-348.65	-519.33	-229.86	-166.12
Investment in Securities	-	-	-	1.19	-161.95	11.31
Other Investing Activities	-147.83	17.15	176.66	-82.7	14.72	128.57
Investing Cash Flow	-36.38	-14.25	-181.21	-607.15	-376.15	-25.33
Long-Term Debt Issued	-	977.17	637.34	1,566	687.34	160.2
Long-Term Debt Repaid	-	-221.45	-205.47	-484.45	-148.48	-82.35
Net Debt Issued (Repaid)	-154.73	755.72	431.88	1,081	538.86	77.85
Issuance of Common Stock	99.36	-	99.27	487.16	-	18.68
Common Dividends Paid	-4	-9.6	-52.57	-35	-	-
Other Financing Activities	-139.38	-227.02	-253.96	-139.72	-43.52	-42.63
Financing Cash Flow	-198.75	519.1	224.61	1,394	495.35	53.9
Net Cash Flow	33.71	-13.24	107.11	104.18	-199.22	186.42
Free Cash Flow	267.58	-519.86	63.24	-683.91	-318.51	157.46
Free Cash Flow Margin	39.39%	-69.22%	7.04%	-73.89%	-59.32%	34.83%
Free Cash Flow Per Share	4.34	-8.45	1.08	-12.03	-8.26	5.43
Cash Interest Paid	230.86	226.32	190.8	101.45	66.87	41.1
Cash Income Tax Paid	7.39	40.3	4.02	1.69	24.41	6.27
Levered Free Cash Flow	267.79	-388.26	40.77	22.48	255.57	131.42
Unlevered Free Cash Flow	292.79	-341.93	70.22	52.48	280.33	142.38
Change in Working Capital	823.64	68.11	-76.86	-51.31	-350.64	135.16

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.