TLV:ARAN 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	18.69	6.82	16.09	23.5	10.94
Depreciation & Amortization	7.82	7.86	5.44	4.47	6.28
Loss (Gain) From Sale of Assets	-16.03	-	-13.1	-25.34	0.05
Loss (Gain) From Sale of Investments	-	-	-3.83	-	-
Loss (Gain) on Equity Investments	-	-	-1.55	-1.89	-1.55
Stock-Based Compensation	0.25	0.23	-	0.03	0.12
Other Operating Activities	5.39	-1.46	2.95	11.55	-1.02
Change in Accounts Receivable	10.07	21.2	-18.63	13.76	-57.06
Change in Inventory	-3.27	-1.89	39.16	-39.66	-1.01
Change in Accounts Payable	17.56	2.96	-6.48	-4.51	-0.8
Change in Income Taxes	1.23	-1.48	0.33	-0.28	-0.13
Change in Other Net Operating Assets	16.5	2.22	-14.2	-34.01	20.28
Operating Cash Flow	58.2	36.45	6.16	-52.37	-23.88
Operating Cash Flow Growth	59.67%	492.12%	-	-	-
Capital Expenditures	-1.14	-0.78	-7.16	-2.54	-1.18
Sale of Property, Plant & Equipment	0.29	-	0.01	0.25	0.65
Cash Acquisitions	-	-	-3.52	-	-
Sale (Purchase) of Intangibles	18.24	-0.21	6	33.83	-0.07
Investment in Securities	-	-	2.36	1	2.6
Other Investing Activities	-3.81	11.5	-	-4.33	-
Investing Cash Flow	13.58	10.51	-2.31	28.21	2
Long-Term Debt Issued	-	-	4.2	39.92	61.91
Total Debt Issued	-	-	4.2	39.92	61.91
Short-Term Debt Repaid	-	-	-	-0.89	-
Long-Term Debt Repaid	-17.93	-38.75	-37.75	-39.58	-6.69
Total Debt Repaid	-17.93	-38.75	-37.75	-40.47	-6.69
Net Debt Issued (Repaid)	-17.93	-38.75	-33.55	-0.55	55.22
Repurchase of Common Stock	-5.38	-	-	-	-
Common Dividends Paid	-14.04	-	-6	-3	-3
Other Financing Activities	-0.84	-0.85	-2.11	-4.35	-
Financing Cash Flow	-38.19	-39.6	-41.66	-7.9	52.22
Foreign Exchange Rate Adjustments	-0.1	-0.08	1.99	4.2	-3.21
Net Cash Flow	33.5	7.29	-35.83	-27.86	27.14
Free Cash Flow	57.07	35.67	-1	-54.91	-25.06
Free Cash Flow Growth	59.99%	-	-	-	-
Free Cash Flow Margin	21.66%	16.36%	-0.58%	-31.77%	-12.24%
Free Cash Flow Per Share	12.48	7.30	-0.20	-11.24	-5.13
Cash Interest Paid	0.7	1.06	1.38	1.77	0.95
Cash Income Tax Paid	8.13	6.11	2.42	3.96	3.41
Levered Free Cash Flow	76.35	30.99	-45.13	-7.89	-1.26
Unlevered Free Cash Flow	77.21	32.03	-44.06	-6.68	-0.84
Change in Working Capital	42.09	23.01	0.17	-64.69	-38.71

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