TLV:DORL 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	-390.6	20.02	-41.14	1,087	-20.12
Depreciation & Amortization	103.67	51.68	17.57	7.59	3.49
Loss (Gain) on Sale of Assets	-	-	-	-15.75	4.05
Loss (Gain) on Equity Investments	148.46	88.89	79.96	15.88	3.47
Stock-Based Compensation	4.15	0.16	0.33	0.52	0.48
Change in Accounts Receivable	-24.86	-14.49	2.75	-11.7	-19.91
Change in Accounts Payable	57.43	7.21	4.53	0.97	0.59
Change in Other Net Operating Assets	8.51	24.37	20.62	18.44	-10.75
Other Operating Activities	10.34	-243.09	-115.6	-1,133	11.76
Net Cash from Discontinued Operations	-	-	-	-46.27	-14.34
Operating Cash Flow	-82.9	-65.26	-31	-77.04	-41.29
Capital Expenditures	-627.36	-805.23	-540.15	-361.13	-130.46
Sale of Property, Plant & Equipment	0.05	-	0.02	1.15	-
Cash Acquisitions	7.97	-46.05	26.51	-32.17	-
Sale (Purchase) of Intangibles	-5.12	-2.58	-1.82	-4.57	-
Investment in Securities	-379.17	-293.16	-160.08	-228.81	-202.35
Other Investing Activities	83.24	158.09	146.64	-429.11	-175.94
Investing Cash Flow	-920.4	-988.93	-528.89	-1,055	-508.75
Short-Term Debt Issued	-	204.63	308.43	123.33	-
Long-Term Debt Issued	1,883	958.09	548.22	39.86	612.93
Total Debt Issued	1,883	1,163	856.66	163.19	612.93
Short-Term Debt Repaid	-436.17	-	-	-	-8.18
Long-Term Debt Repaid	-381.67	-187.25	-143.66	-10.58	-3.24
Total Debt Repaid	-817.83	-187.25	-143.66	-10.58	-11.42
Net Debt Issued (Repaid)	1,065	975.47	712.99	152.62	601.51
Issuance of Common Stock	582.38	-	-	347.47	0.09
Other Financing Activities	-10.59	2.14	-3.18	405.17	305.81
Financing Cash Flow	1,637	977.6	709.81	905.25	907.41
Foreign Exchange Rate Adjustments	-8.35	-2	6.87	12.07	-6.04
Net Cash Flow	625.16	-78.59	156.8	-214.35	351.32
Free Cash Flow	-710.26	-870.49	-571.15	-438.17	-171.75
Free Cash Flow Margin	-141.18%	-280.69%	-726.00%	-932.39%	-137.34%
Free Cash Flow Per Share	-3.96	-4.89	-3.21	-2.81	-1.18
Cash Interest Paid	180.56	80.05	32.07	16.37	2.61
Cash Income Tax Paid	3.32	0.92	0.34	1.45	0.98
Levered Free Cash Flow	-705.37	-858.49	-686.67	-579.43	-176.77
Unlevered Free Cash Flow	-556.94	-775.23	-642.32	-543.83	-164.96
Change in Working Capital	41.08	17.09	27.89	7.72	-30.08

Source: S&P Global Market Intelligence. Utility template. Financial Sources.