Bikurey Hasade Group 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	60.52	58.71	39.82	32.71	45.39	98.6
Depreciation & Amortization	60.23	59.06	56.76	52.33	54.11	37.27
Loss (Gain) From Sale of Assets	-0.4	-1.28	-2.14	-0.78	-0.7	0.12
Loss (Gain) From Sale of Investments	-0.19	-	-	-	-	-55.01
Loss (Gain) on Equity Investments	-6.59	-5.03	-3.29	-4.21	-2.88	-5.84
Provision & Write-off of Bad Debts	0.44	0.27	0.3	0.15	-	-
Other Operating Activities	5.31	3.76	-0.58	-4.7	0.99	0.52
Change in Accounts Receivable	-25.45	-71.58	-73.31	-18.56	-20.4	22.76
Change in Inventory	-1.07	0.22	-3.85	-1.28	-7.79	0.56
Change in Accounts Payable	10.83	62.95	-3.51	-1.69	4.29	-18.38
Change in Other Net Operating Assets	70.86	49.59	43.08	19.46	2.61	1.68
Operating Cash Flow	174.48	156.65	53.27	73.43	75.63	82.28
Operating Cash Flow Growth	151.15%	194.06%	-27.45%	-2.91%	-8.08%	118.79%
Capital Expenditures	-29.17	-23.46	-37.55	-38.47	-49.23	-24.39
Sale of Property, Plant & Equipment	1.07	1.62	4	1.45	2.34	0.66
Cash Acquisitions	-	-	-	-	-	-9.38
Investment in Securities	-0.13	-0.62	-6.96	-3.61	-	-5
Other Investing Activities	-21.33	-41.13	59.65	-42	-5	-9.25
Investing Cash Flow	-49.56	-63.59	19.14	-82.63	-51.89	-47.36
Short-Term Debt Issued	-	-	-	61.51	-	34.37
Long-Term Debt Issued	-	-	-	-	40	-
Total Debt Issued	-	-	-	61.51	40	34.37
Short-Term Debt Repaid	-	-58.82	-30.88	-	-48.7	-
Long-Term Debt Repaid	-	-31.47	-35.69	-66.61	-161.53	-53.3
Total Debt Repaid	-107.55	-90.29	-66.58	-66.61	-210.22	-53.3
Net Debt Issued (Repaid)	-107.55	-90.29	-66.58	-5.1	-170.22	-18.93
Issuance of Common Stock	-	-	-	-	153.97	-
Common Dividends Paid	-27	-12	-	-	-	-
Other Financing Activities	-	-	-	-	-0.63	-4.38
Financing Cash Flow	-134.55	-102.29	-66.58	-5.1	-16.88	-23.3
Net Cash Flow	-9.63	-9.23	5.84	-14.3	6.86	11.61
Free Cash Flow	145.31	133.2	15.73	34.96	26.4	57.89
Free Cash Flow Growth	229.09%	747.04%	-55.02%	32.43%	-54.40%	142.90%
Free Cash Flow Margin	6.81%	6.02%	0.89%	2.06%	1.62%	4.93%
Free Cash Flow Per Share	0.99	0.89	0.10	0.23	0.18	0.49
Cash Interest Paid	14.63	14.78	19.64	13.22	8.21	4.37
Cash Income Tax Paid	11.24	12.89	10.01	13.72	13.18	5.03
Levered Free Cash Flow	55.14	25.28	24.62	-31.78	6.68	-187.94
Unlevered Free Cash Flow	64.28	34.51	34.76	-23.49	11.85	-184.47
Change in Working Capital	55.17	41.17	-37.59	-2.08	-21.29	6.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.