Cellcom Israel Balance Sheet

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
Cash & Equivalents	300	476	371	473	773	644
Short-Term Investments	11	11	25	24	143	23
Cash & Short-Term Investments	311	487	396	497	916	667
Cash Growth	40.09%	22.98%	-20.32%	-45.74%	37.33%	-41.90%
Accounts Receivable	841	838	883	914	869	927
Other Receivables	69	5	14	15	20	12
Receivables	910	843	897	929	889	939
Inventory	95	104	150	114	117	88
Prepaid Expenses	-	78	25	22	24	35
Other Current Assets	104	104	90	73	66	71
Total Current Assets	1,420	1,616	1,558	1,635	2,012	1,800
Property, Plant & Equipment	2,107	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	2,072	521	545	582	591	566
Long-Term Accounts Receivable	208	178	174	170	184	158
Long-Term Deferred Tax Assets	3	3	4	5	5	5
Long-Term Deferred Charges	389	383	364	353	340	327
Other Long-Term Assets	-	30	28	30	27	11
Total Assets	6,199	6,451	6,504	6,620	6,998	6,570
Accounts Payable	680	391	478	486	474	384
Accrued Expenses	-	554	578	563	547	596
Short-Term Debt	200	200	200	-	-	-
Current Portion of Long-Term Debt	502	412	497	596	587	383
Current Portion of Leases	168	181	185	185	185	184
Current Income Taxes Payable	83	63	4	1	4	7
Current Unearned Revenue	-	44	48	48	44	43
Other Current Liabilities	532	90	93	102	83	113
Total Current Liabilities	2,165	1,935	2,083	1,981	1,924	1,710
Long-Term Debt	605	942	1,348	1,739	2,317	2,373
Long-Term Leases	450	474	430	470	521	478
Long-Term Unearned Revenue	-	-	-	-	-	1
Pension & Post-Retirement Benefits	14	14	13	14	10	13
Long-Term Deferred Tax Liabilities	204	203	149	112	66	45
Other Long-Term Liabilities	48	48	29	41	56	29
Total Liabilities	3,486	3,616	4,052	4,357	4,894	4,649
Common Stock	2,713	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	2,713	2,835	2,452	2,263	2,104	1,921
Shareholders' Equity	2,713	2,835	2,452	2,263	2,104	1,921
Total Liabilities & Equity	6,199	6,451	6,504	6,620	6,998	6,570
Total Debt	1,925	2,209	2,660	2,990	3,610	3,418
Net Cash (Debt)	-1,614	-1,722	-2,264	-2,493	-2,694	-2,751
Net Cash Per Share	-9.47	-10.10	-13.62	-15.04	-16.21	-16.81
Filing Date Shares Outstanding	167.44	172.78	164.19	164.93	165.29	162.78
Total Common Shares Outstanding	167.44	172.78	164.19	164.93	165.29	162.78
Working Capital	-745	-319	-525	-346	88	90
Book Value Per Share	16.20	16.41	14.93	13.88	12.73	9.55
Tangible Book Value	641	751	344	118	-50	-208
Tangible Book Value Per Share	3.83	4.35	2.10	0.72	-0.30	-1.03
Machinery	-	842	787	743	650	764
Leasehold Improvements	-	39	40	42	46	65