Dan Hotels 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	-2.01	68.37	123.2	102.32	17.8
Depreciation & Amortization	140.57	135.75	129.14	122.73	124.11
Loss (Gain) From Sale of Assets	-	0.07	-4.81	0.02	-67.7
Asset Writedown & Restructuring Costs	-0.51	-38.07	0.69	-9.01	-2.56
Loss (Gain) on Equity Investments	-2.77	-1.08	5.52	3	-2.35
Other Operating Activities	9.01	11.05	9.47	25.51	25.29
Change in Accounts Receivable	-89.63	-53.01	114.49	-87.54	-64.24
Change in Inventory	-6.36	-0.68	-0.38	-0.34	-3.36
Change in Accounts Payable	57.53	-2.94	-7.64	58.97	31.84
Change in Income Taxes	-0.84	-18.17	-15.24	11.22	-1.43
Change in Other Net Operating Assets	-9.53	14.18	-2.09	-3.83	35.91
Operating Cash Flow	95.46	115.45	352.35	223.04	93.32
Operating Cash Flow Growth	-17.32%	-67.23%	57.97%	139.01%	165.44%
Capital Expenditures	-148.42	-80.56	-94.3	-66.98	-48.94
Sale of Property, Plant & Equipment	-	87.5	5.55	0.06	25.3
Cash Acquisitions	-41.77	-	-	-	-
Sale (Purchase) of Intangibles	-	-0.15	-	-	-
Investment in Securities	-	-2	-1	80	-80
Other Investing Activities	-0.5	-	-13.6	-0.76	-0.3
Investing Cash Flow	-190.69	4.79	-103.35	12.31	-103.94
Short-Term Debt Issued	243.18	6.16	-	-	-
Long-Term Debt Issued	-	-	-	-	137
Total Debt Issued	243.18	6.16	-	-	137
Short-Term Debt Repaid	-	-	-40.93	-13.25	-91.34
Long-Term Debt Repaid	-120.96	-144.74	-159.8	-246.05	-138.44
Total Debt Repaid	-120.96	-144.74	-200.73	-259.3	-229.79
Net Debt Issued (Repaid)	122.22	-138.57	-200.73	-259.3	-92.79
Common Dividends Paid	-	-	-19.49	-19.49	-
Financing Cash Flow	122.22	-138.57	-220.22	-278.79	-92.79
Foreign Exchange Rate Adjustments	-3.9	-0.32	0.01	-0	-0.09
Net Cash Flow	23.1	-18.65	28.79	-43.43	-103.49
Free Cash Flow	-52.96	34.89	258.04	156.06	44.38
Free Cash Flow Growth	-	-86.48%	65.35%	251.67%	-
Free Cash Flow Margin	-3.40%	2.33%	15.97%	10.65%	4.57%
Free Cash Flow Per Share	-0.53	0.36	2.64	1.60	0.45
Cash Interest Paid	20.58	19.6	26.13	18.27	17.67
Cash Income Tax Paid	8.16	26.4	43.55	2.46	2.24
Levered Free Cash Flow	-109.82	27.32	218.72	220.08	-36.91
Unlevered Free Cash Flow	-90.95	45.09	240.73	236.96	-21.52
Change in Working Capital	-48.83	-60.63	89.14	-21.52	-1.27

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