TLV:DORL 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	-348.12	20.02	-41.14	1,087	-20.12	11.61
Depreciation & Amortization	89.54	51.68	17.57	7.59	3.49	3.63
Loss (Gain) on Sale of Assets	21.65	21.65	16.13	-15.75	4.05	-
Loss (Gain) on Equity Investments	114.71	88.89	79.96	15.88	3.47	-3.21
Stock-Based Compensation	2.61	0.16	0.33	0.52	0.48	1.88
Change in Accounts Receivable	-41.51	-14.49	2.75	-11.7	-19.91	-6.28
Change in Accounts Payable	56.9	7.21	4.53	0.97	0.59	0.05
Change in Other Net Operating Assets	16.11	24.37	20.62	18.44	-10.75	-1.81
Other Operating Activities	36.66	-264.74	-131.73	-1,133	11.76	-7.34
Net Cash from Discontinued Operations	-	-	-	-46.27	-14.34	-
Operating Cash Flow	-51.46	-65.26	-31	-77.04	-41.29	-1.48
Capital Expenditures	-604.5	-805.23	-540.15	-361.13	-130.46	-62.4
Sale of Property, Plant & Equipment	-	-	0.02	1.15	-	-
Cash Acquisitions	5.12	-46.05	26.51	-32.17	-	-0
Sale (Purchase) of Intangibles	-9.43	-2.58	-1.82	-4.57	-	-
Investment in Securities	-344.08	-293.16	-160.08	-228.81	-202.35	-36.11
Other Investing Activities	-35.09	18.31	8.32	-432.88	-175.94	-49.84
Investing Cash Flow	-847.79	-988.93	-528.89	-1,055	-508.75	-148.34
Short-Term Debt Issued	-	204.63	308.43	123.33	-	10.35
Long-Term Debt Issued	-	958.09	548.22	39.86	612.93	45.47
Total Debt Issued	1,902	1,163	856.66	163.19	612.93	55.82
Short-Term Debt Repaid	-	-	-	-	-8.18	-
Long-Term Debt Repaid	-	-187.25	-143.66	-10.58	-3.24	-18.12
Total Debt Repaid	-945.5	-187.25	-143.66	-10.58	-11.42	-18.12
Net Debt Issued (Repaid)	956.84	975.47	712.99	152.62	601.51	37.7
Issuance of Common Stock	-	-	-	347.47	0.09	330.82
Other Financing Activities	-10.12	2.14	-3.18	405.17	305.81	-
Financing Cash Flow	946.71	977.6	709.81	905.25	907.41	368.52
Foreign Exchange Rate Adjustments	-8.74	-2	6.87	12.07	-6.04	-
Net Cash Flow	38.73	-78.59	156.8	-214.35	351.32	218.7
Free Cash Flow	-655.96	-870.49	-571.15	-438.17	-171.75	-63.87
Free Cash Flow Margin	-144.14%	-280.69%	-726.00%	-932.39%	-137.34%	-112.13%
Free Cash Flow Per Share	-3.69	-4.89	-3.21	-2.81	-1.18	-0.52
Cash Interest Paid	136.02	80.05	32.07	16.37	2.61	3.65
Cash Income Tax Paid	1.92	0.92	0.34	1.45	0.98	0.8
Levered Free Cash Flow	-538.44	-863.07	-687.33	-579.59	-176.77	-56.65
Unlevered Free Cash Flow	-395.05	-779.81	-642.99	-544	-164.96	-52.45
Change in Working Capital	31.49	17.09	27.89	7.72	-30.08	-8.04

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