Amot Investments 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	812.44	919.01	682.61	1,171	932.19	289.46
Depreciation & Amortization	-4.93	2.85	3.66	3.44	4.47	4.67
Asset Writedown	-401.23	-575.13	-248.02	-1,003	-863.22	131.22
Stock-Based Compensation	9.13	8.32	6.76	6.34	5.04	7.29
Income (Loss) on Equity Investments	-1.6	-13.01	-19.68	-19.46	-12.86	35.84
Change in Accounts Receivable	0.81	18.41	-9.52	8.35	9.99	-8.31
Change in Accounts Payable	-1.09	3.82	2.51	9.54	3	0.2
Change in Other Net Operating Assets	22.59	1.14	13.23	-175.86	45.72	26.66
Other Operating Activities	431.35	478.06	359.01	591.23	473.86	8.45
Operating Cash Flow	850.85	842.71	789.82	589.64	595.06	495.86
Operating Cash Flow Growth	1.54%	6.70%	33.95%	-0.91%	20.00%	7.49%
Acquisition of Real Estate Assets	-613.87	-698.48	-529.53	-880.83	-2,343	-692.15
Sale of Real Estate Assets	223.1	350.31	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-390.77	-348.17	-529.53	-880.83	-2,343	-692.15
Investment in Marketable & Equity Securities	-	-	400	-400	50.55	-49.91
Other Investing Activities	-25.81	-12.74	3.95	112.89	6.98	3.67
Investing Cash Flow	-431.56	-389.08	-190.84	-1,168	-2,286	-738.38
Short-Term Debt Issued	-	-	100	8.6	-	-
Long-Term Debt Issued	-	555.08	496.9	1,384	2,334	1,805
Total Debt Issued	651.49	555.08	596.9	1,393	2,334	1,805
Short-Term Debt Repaid	-	-5.48	-107.9	-	-96.71	-164.15
Long-Term Debt Repaid	-	-635.92	-618.96	-557.82	-1,065	-769.85
Total Debt Repaid	-355.6	-641.39	-726.86	-557.82	-1,162	-934
Net Debt Issued (Repaid)	295.88	-86.31	-129.96	835.14	1,172	870.88
Issuance of Common Stock	523.31	12.38	10.68	639.51	749.77	415.2
Common Dividends Paid	-519.59	-508.55	-508.23	-648.79	-419.05	-499.15
Other Financing Activities	-	-	-	6.79	12.33	-
Net Cash Flow	614.89	-232.85	-159.52	254.34	-175.37	544.4
Cash Interest Paid	136.69	143.14	154.31	179.09	158.2	198.31
Cash Income Tax Paid	68.9	44.37	12.45	171.99	21.14	11.16
Levered Free Cash Flow	544.81	682.24	720.87	-124.32	461.56	297.1
Unlevered Free Cash Flow	599	756.16	789.9	-77.07	524.79	376.31
Change in Working Capital	6.27	23.37	6.23	-157.97	58.71	18.55

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