Africa Israel Residences 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	195.54	217.9	171.46	201.5	219.77
Depreciation & Amortization	4.4	4.99	4.7	1.85	1.03
Asset Writedown & Restructuring Costs	-259.49	-365.94	-96.89	-199.03	-145.17
Loss (Gain) From Sale of Investments	-2.31	-9.56	-4.69	19.28	-9.49
Loss (Gain) on Equity Investments	-26.76	-54.29	-17.58	-52.49	-107.02
Stock-Based Compensation	1.02	2.83	4.08	4.05	-
Other Operating Activities	32.39	75.11	44.93	56.69	24.34
Change in Accounts Receivable	8.81	-133.62	-132.89	85.08	187.2
Change in Inventory	-132.72	104.56	-35.73	634.25	232.69
Change in Accounts Payable	20.44	13.37	45.85	24.67	-76.34
Change in Other Net Operating Assets	-59.73	42.15	-39.03	-8.91	83.24
Operating Cash Flow	-218.41	-102.51	-55.78	766.93	410.25
Operating Cash Flow Growth	-	-	-	86.94%	-
Capital Expenditures	-1.9	-1.19	-1.18	-0.94	-1.24
Sale (Purchase) of Real Estate	-259.7	-73.48	-41.03	-10.84	-
Investment in Securities	164	-10.62	85.88	19.76	-21.27
Other Investing Activities	174.8	-124.98	442.17	-88.91	-339.93
Investing Cash Flow	82.05	-210.62	478.08	-83.02	-281.47
Short-Term Debt Issued	213.78	298.95	-	-	207.24
Long-Term Debt Issued	272.95	154.21	-	3.9	247.15
Total Debt Issued	486.73	453.16	-	3.9	454.39
Short-Term Debt Repaid	-	-	-21.72	-424.06	-
Long-Term Debt Repaid	-132.7	-316.28	-233.42	-178.66	-428.11
Total Debt Repaid	-132.7	-316.28	-255.14	-602.72	-428.11
Net Debt Issued (Repaid)	354.04	136.88	-255.14	-598.82	26.28
Common Dividends Paid	-70	-83	-78	-84	-90
Other Financing Activities	-79.69	263.11	-67.56	-53.4	-44.24
Financing Cash Flow	204.35	316.98	-400.69	-736.22	-107.96
Net Cash Flow	67.99	3.86	21.61	-52.3	20.82
Free Cash Flow	-220.3	-103.7	-56.96	765.99	409.02
Free Cash Flow Growth	-	-	-	87.28%	-
Free Cash Flow Margin	-23.81%	-10.73%	-5.28%	79.58%	50.79%
Free Cash Flow Per Share	-17.28	-8.17	-4.50	60.58	32.35
Cash Interest Paid	-	73.99	67.56	53.4	44.24
Cash Income Tax Paid	-	-1.42	19.63	19.63	34.19
Levered Free Cash Flow	-242.8	-517.94	88.18	614.94	-263.54
Unlevered Free Cash Flow	-190.01	-466.47	126.89	650.77	-237.79
Change in Working Capital	-163.19	26.46	-161.8	735.09	426.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.