Salomon A. Angel 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	1.41	-23.37	-2.94	226.55	-2.98
Depreciation & Amortization	34.26	30.81	26	19.62	18.73
Other Amortization	0.72	0.81	0.81	0.68	0.58
Loss (Gain) From Sale of Assets	-0.43	7.87	-0.42	-324.89	-0.36
Loss (Gain) on Equity Investments	-	-	1.89	3.86	2.64
Other Operating Activities	6.82	0.72	-6.91	70.6	-0.67
Change in Accounts Receivable	-14.47	-0.59	1.07	-11.02	-2.05
Change in Inventory	-0.71	1.01	-0.01	-0.57	-1.54
Change in Accounts Payable	2.43	-15.79	-11.6	20.98	8.92
Change in Other Net Operating Assets	1.21	-0.07	-6.7	-1.16	-3.15
Operating Cash Flow	31.24	1.41	1.19	4.66	20.14
Operating Cash Flow Growth	2123.49%	18.27%	-74.51%	-76.86%	0.19%
Capital Expenditures	-28.6	-36.89	-40.97	-23.94	-25.04
Sale of Property, Plant & Equipment	1.6	1.41	0.63	1.11	1.51
Cash Acquisitions	-	-	-9.29	-	-
Sale (Purchase) of Intangibles	-0.04	-	-0.01	-0.41	-0.03
Sale (Purchase) of Real Estate	-	-	-	197.2	184.82
Investment in Securities	31.72	42.06	-31.31	-46	-
Other Investing Activities	3.84	1.28	8.16	-3.44	-68.96
Investing Cash Flow	9.72	8.97	-71.82	125.43	92.3
Short-Term Debt Issued	12.34	-	2.83	-	3.02
Long-Term Debt Issued	-	25	2.48	-	8.46
Total Debt Issued	12.34	25	5.31	-	11.48
Short-Term Debt Repaid	-	-1.98	-	-3.43	-
Long-Term Debt Repaid	-18.35	-14.8	-13.54	-8.11	-58.5
Total Debt Repaid	-18.35	-16.78	-13.54	-11.55	-58.5
Net Debt Issued (Repaid)	-6.01	8.22	-8.24	-11.55	-47.02
Common Dividends Paid	-	-	-	-88.78	-
Other Financing Activities	-11.3	-6.95	-2.36	-	-
Financing Cash Flow	-17.31	1.26	-10.6	-100.32	-47.02
Foreign Exchange Rate Adjustments	-2.91	0.03	0.45	0.48	-
Net Cash Flow	20.73	11.66	-80.78	30.24	65.42
Free Cash Flow	2.64	-35.49	-39.78	-19.28	-4.9
Free Cash Flow Margin	0.44%	-6.39%	-7.35%	-4.13%	-1.15%
Free Cash Flow Per Share	0.50	-6.79	-7.59	-3.69	-0.94
Cash Interest Paid	10.18	9.34	6.35	3.68	14.06
Cash Income Tax Paid	4.99	3.14	-2.74	3.65	69.99
Levered Free Cash Flow	12.25	-27.92	-24.64	-140.52	119.46
Unlevered Free Cash Flow	18.64	-21.95	-20.52	-138.23	122.54
Change in Working Capital	-11.54	-15.44	-17.24	8.23	2.19

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