Dorsel Ltd (TLV:DRSL)

Dorsel Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	93.62	105.81	67.11	41.3	96.54	54.25
Depreciation & Amortization	0.52	0.51	0.59	0.44	0.13	0.06
Other Amortization	0.3	0.28	0.35	0.34	0.56	0.26
Gain (Loss) on Sale of Assets	-	-0.01	-	-	-	0
Gain (Loss) on Sale of Investments	-1.89	-1.55	-0.12	3.89	3.18	-4.91
Asset Writedown	-33.17	-38.7	-25.45	-3.44	-57.21	-28.48
Stock-Based Compensation	1.08	0.86	-	-	-	-
Income (Loss) on Equity Investments	-43.85	-43.93	-23.54	-12.35	-21.82	-5.42
Change in Accounts Receivable	1.4	20.62	-25.76	2.45	-4.23	-1.67
Change in Accounts Payable	-0.69	-19.4	20.09	0.55	-0.73	0.87
Change in Other Net Operating Assets	6.13	5.44	-2.25	-1.54	6.05	2.81
Other Operating Activities	19.15	9.32	12.9	1.42	9.81	14.94
Operating Cash Flow	42.59	39.26	23.93	33.03	13.14	32.71
Operating Cash Flow Growth	80.23%	64.07%	-27.57%	151.44%	-59.84%	19.48%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-2.17	-1.76	-119.18	-2.11	-62.46	-151.92
Sale of Real Estate Assets	-	0.12	-	-	13.35	0.11
Net Sale / Acq. of Real Estate Assets	-2.17	-1.64	-119.18	-2.11	-49.11	-151.81
Investment in Marketable & Equity Securities	2.31	4.09	8.06	-9.34	-9.87	28.47
Other Investing Activities	15.3	11.7	-2.36	-17.28	-25.86	-12.52
Investing Cash Flow	15.44	14.15	-113.48	-28.74	-84.83	-135.87

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	50	116	-	-	-
Long-Term Debt Issued	-	310.28	159	45	139.98	217.8
Total Debt Issued	382.43	360.28	275	45	139.98	217.8
Long-Term Debt Repaid	-	-260.41	-131.88	-119.86	-41.9	-53.78
Lease Payments	-2.63	-2.67	-2.11	-2.3	-1.54	-1.05
Total Debt Repaid	-268.84	-260.41	-131.88	-119.86	-41.9	-53.78
Net Debt Issued (Repaid)	113.59	99.88	143.12	-74.86	98.08	164.02
Repurchase of Common Stock	-1.87	-0.55	-1.12	-14.13	-	-
Common Dividends Paid	-15.98	-15.98	-7.57	-5.73	-22	-13

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.02	-0.02	-0	-0.11	-0.49	-1.16
Net Cash Flow	153.75	136.73	44.88	-90.54	3.9	46.7

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	51.07	53.04	35.12	33.55	28.78	19.7
Unlevered Free Cash Flow	74.55	76.02	54.39	52.53	40.91	29.57

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	29.56	31.24	28.64	30.98	13.14	12.7
Cash Income Tax Paid	6.19	3.49	6.81	2.52	3.7	1.98
Change in Working Capital	6.84	6.66	-7.91	1.46	-18.05	2.01

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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