Kvutzat Acro Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	59.36	25.85	43.22	262.85	53.46
Depreciation & Amortization	3.52	2.63	1.63	1.49	1.36
Loss (Gain) From Sale of Assets	-25.31	-	-	-	-
Asset Writedown & Restructuring Costs	-22.56	-13.61	31.76	-292.35	-164.38
Loss (Gain) on Equity Investments	-20.4	-2.52	0.79	-59.24	-57.49
Stock-Based Compensation	3.13	4.74	4.54	24.83	76.04
Other Operating Activities	100.61	-596.14	59.79	-568.84	123.25
Change in Accounts Receivable	157.54	-19.95	-75.73	-74.23	-49.34
Change in Inventory	-78.88	182.62	197.9	89.97	-518.91
Change in Accounts Payable	50.19	-44.27	14.58	-5.62	40.53
Change in Other Net Operating Assets	-79.17	-57.45	-214.76	-61.44	177.08
Operating Cash Flow	148.04	-518.09	63.7	-682.58	-318.42
Capital Expenditures	-2.09	-1.77	-0.46	-1.33	-0.1
Divestitures	-	55.8	-	-	-
Sale (Purchase) of Real Estate	78.73	-84.23	-348.65	-519.33	-229.86
Investment in Securities	-	-	-	1.19	-161.95
Other Investing Activities	-12.82	17.15	176.66	-82.7	14.72
Investing Cash Flow	41.64	-14.25	-181.21	-607.15	-376.15
Long-Term Debt Issued	310.33	977.17	637.34	1,566	687.34
Long-Term Debt Repaid	-376.5	-221.45	-205.47	-484.45	-148.48
Net Debt Issued (Repaid)	-66.17	755.72	431.88	1,081	538.86
Issuance of Common Stock	99.36	-	99.27	487.16	-
Common Dividends Paid	-4	-9.6	-52.57	-35	-
Other Financing Activities	-144.15	-227.02	-253.96	-139.72	-43.52
Financing Cash Flow	-114.96	519.1	224.61	1,394	495.35
Net Cash Flow	74.72	-13.24	107.11	104.18	-199.22
Free Cash Flow	145.95	-519.86	63.24	-683.91	-318.51
Free Cash Flow Margin	22.23%	-69.14%	7.01%	-73.89%	-59.32%
Free Cash Flow Per Share	2.32	-8.45	1.08	-12.03	-8.26
Cash Interest Paid	232.36	226.32	190.8	101.45	66.87
Cash Income Tax Paid	6.71	40.3	4.02	1.69	24.41
Levered Free Cash Flow	40.53	-362.43	37.11	22.48	255.57
Unlevered Free Cash Flow	81.08	-315.89	70.95	52.48	280.33
Change in Working Capital	49.68	60.96	-78.02	-51.31	-350.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.