Amal Holdings A.D. 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	139.19	126.84	88.93	45.61
Depreciation & Amortization	64.8	56.29	43.8	36.81
Loss (Gain) From Sale of Assets	-1.62	-0.12	-0.33	-0.67
Loss (Gain) on Equity Investments	-1.29	-2.07	1.78	-2.85
Stock-Based Compensation	1.68	0.48	0.71	-
Other Operating Activities	21.02	37.13	16.24	3.36
Change in Accounts Receivable	-16.6	-23.43	-8.63	-28.16
Change in Inventory	0.08	0.08	-0.06	-0.27
Change in Accounts Payable	-3.12	-0.58	-1.52	-2.7
Change in Other Net Operating Assets	8.82	-4.97	4.43	22.87
Operating Cash Flow	212.96	189.66	145.36	74
Operating Cash Flow Growth	-	30.48%	96.44%	-
Capital Expenditures	-30.52	-22.28	-10.49	-9.12
Sale of Property, Plant & Equipment	1.89	0.96	0.62	1.07
Cash Acquisitions	-	-30.52	-14.24	-69.59
Sale (Purchase) of Intangibles	-3.01	-	-	-0.05
Investment in Securities	1.89	-0.33	0.04	-9.73
Other Investing Activities	0.4	-0.22	1.95	7.74
Investing Cash Flow	-29.35	-52.4	-22.12	-79.67
Short-Term Debt Issued	-	-	16.32	45.03
Long-Term Debt Issued	-	40	34.75	73.5
Total Debt Issued	110	40	51.07	118.53
Short-Term Debt Repaid	-	-14.49	-	-
Long-Term Debt Repaid	-	-56.33	-46.11	-42.21
Total Debt Repaid	-113.34	-70.82	-46.11	-42.21
Net Debt Issued (Repaid)	-3.34	-30.82	4.96	76.33
Common Dividends Paid	-147.85	-79.85	-103	-55
Other Financing Activities	-20.74	-17.57	-19.15	-24.6
Financing Cash Flow	-171.93	-128.24	-117.19	-3.27
Net Cash Flow	11.68	9.03	6.05	-8.94
Free Cash Flow	182.44	167.38	134.87	64.88
Free Cash Flow Growth	-	24.10%	107.88%	-
Free Cash Flow Margin	8.38%	8.61%	8.28%	4.74%
Free Cash Flow Per Share	13.03	11.96	9.62	4.63
Cash Interest Paid	20.74	17.57	18.27	24.6
Cash Income Tax Paid	37.99	17.9	27.54	25.43
Levered Free Cash Flow	-	149.95	-	-
Unlevered Free Cash Flow	-	164.51	-	-
Change in Working Capital	-10.82	-28.89	-5.78	-8.26

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