Blackedge Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	23.79	29.46	35.47	43.82	27.62	18.72
Depreciation & Amortization	1.71	1.53	1.39	1.19	1.21	0.39
Loss (Gain) From Sale of Investments	-6.99	-7.67	-7.67	-0.96	13.76	-11.36
Stock-Based Compensation	0.14	0.53	0.39	0.42	0.29	0.92
Change in Other Net Operating Assets	64.36	40.99	-261.83	33.55	-280.49	-119.12
Other Operating Activities	-20.89	-18.08	2.94	1.15	0.38	1.56
Operating Cash Flow	61.99	46.63	-229.26	79.17	-237.22	-108.89
Capital Expenditures	-0.48	-0.6	-0.04	-0.34	-1.49	-0.15
Sale of Property, Plant & Equipment	-	-	0.11	-	-	-
Sale (Purchase) of Intangibles	-8.77	-7.09	-0.37	-0.93	-0.94	-
Investment in Securities	-2.8	-26.83	14.16	-0.14	-	-0.51
Investing Cash Flow	-12.05	-34.52	13.85	-1.41	-2.44	-0.66
Long-Term Debt Issued	-	154.68	323.06	-	272.49	118.57
Long-Term Debt Repaid	-	-144.01	-124.95	-58.62	-49.85	-16.95
Net Debt Issued (Repaid)	30.6	10.68	198.11	-58.62	222.64	101.61
Issuance of Common Stock	9.01	9.04	18.85	-	20	23.43
Repurchase of Common Stock	-16.13	-16.37	-3.61	-6.17	-	-
Common Dividends Paid	-	-	-	-6.5	-	-
Other Financing Activities	-0.24	-0.24	0.11	-	-	-
Financing Cash Flow	23.24	3.12	213.45	-71.29	242.64	125.04
Net Cash Flow	73.19	15.23	-1.96	6.48	2.99	15.49
Free Cash Flow	61.51	46.03	-229.31	78.83	-238.71	-109.04
Free Cash Flow Margin	108.37%	73.38%	-362.70%	83.31%	-297.78%	-346.75%
Free Cash Flow Per Share	36.96	27.68	-136.98	48.88	-129.39	-67.80
Cash Interest Paid	-	-	-	-	22.24	8.15
Cash Income Tax Paid	18.55	18.55	8.63	-3.42	2.57	0.47