Cellcom Israel Balance Sheet

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
Cash & Equivalents	476	371	473	773	644
Short-Term Investments	11	25	24	143	23
Cash & Short-Term Investments	487	396	497	916	667
Cash Growth	22.98%	-20.32%	-45.74%	37.33%	-41.90%
Accounts Receivable	838	883	914	869	927
Other Receivables	5	14	15	20	12
Receivables	843	897	929	889	939
Inventory	104	150	114	117	88
Prepaid Expenses	78	25	22	24	35
Other Current Assets	104	90	73	66	71
Total Current Assets	1,616	1,558	1,635	2,012	1,800
Property, Plant & Equipment	2,157	2,154	2,153	2,145	2,006
Long-Term Investments	-	114	129	131	134
Goodwill	1,563	1,563	1,563	1,563	1,563
Other Intangible Assets	521	545	582	591	566
Long-Term Accounts Receivable	178	174	170	184	158
Long-Term Deferred Tax Assets	3	4	5	5	5
Long-Term Deferred Charges	383	364	353	340	327
Other Long-Term Assets	30	28	30	27	11
Total Assets	6,451	6,504	6,620	6,998	6,570
Accounts Payable	391	478	486	474	384
Accrued Expenses	554	578	563	547	596
Short-Term Debt	200	200	-	-	-
Current Portion of Long-Term Debt	412	497	596	587	383
Current Portion of Leases	181	185	185	185	184
Current Income Taxes Payable	63	4	1	4	7
Current Unearned Revenue	44	48	48	44	43
Other Current Liabilities	90	93	102	83	113
Total Current Liabilities	1,935	2,083	1,981	1,924	1,710
Long-Term Debt	942	1,348	1,739	2,317	2,373
Long-Term Leases	474	430	470	521	478
Long-Term Unearned Revenue	-	-	-	-	1
Pension & Post-Retirement Benefits	14	13	14	10	13
Long-Term Deferred Tax Liabilities	203	149	112	66	45
Other Long-Term Liabilities	48	29	41	56	29
Total Liabilities	3,616	4,052	4,357	4,894	4,649
Common Stock	2	2	2	2	2
Additional Paid-In Capital	792	792	792	792	792
Retained Earnings	2,041	1,658	1,469	1,310	1,128
Comprehensive Income & Other	-	-	-	-	-1
Total Common Equity	2,835	2,452	2,263	2,104	1,921
Shareholders' Equity	2,835	2,452	2,263	2,104	1,921
Total Liabilities & Equity	6,451	6,504	6,620	6,998	6,570
Total Debt	2,209	2,660	2,990	3,610	3,418
Net Cash (Debt)	-1,722	-2,264	-2,493	-2,694	-2,751
Net Cash Per Share	-10.10	-13.62	-15.04	-16.21	-16.81
Filing Date Shares Outstanding	172.78	164.19	164.93	165.29	162.78
Total Common Shares Outstanding	172.78	164.19	164.93	165.29	162.78
Working Capital	-319	-525	-346	88	90
Book Value Per Share	16.41	14.93	13.88	12.73	9.55
Tangible Book Value	751	344	118	-50	-208
Tangible Book Value Per Share	4.35	2.10	0.72	-0.30	-1.03
Machinery	842	787	743	650	764
Leasehold Improvements	39	40	42	46	65

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