TLV:ELMR 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	35.06	38.29	35.88	31.04	62.62
Depreciation & Amortization	12.14	8.23	9.6	11.51	7.46
Loss (Gain) From Sale of Assets	0.01	-1.13	-0.08	-0.1	-1.3
Asset Writedown & Restructuring Costs	0.23	1.18	-	-	3.78
Loss (Gain) From Sale of Investments	-3.41	3.2	-1.39	2.59	-39.75
Loss (Gain) on Equity Investments	4.12	0.88	-3.03	-7.1	-12.88
Stock-Based Compensation	2.8	-	-	-	-
Other Operating Activities	5.38	6.26	2.13	-1.84	-0.55
Change in Accounts Receivable	-43.69	-96.7	19.55	-40.3	38.89
Change in Inventory	5.57	-5.23	-1.35	-1.89	-1.63
Change in Accounts Payable	17.9	80.92	10.71	35.83	-31.82
Change in Unearned Revenue	-0.75	-0.92	-18.97	29.02	2.31
Change in Other Net Operating Assets	-5.22	5.91	-11.4	1.71	-1.2
Operating Cash Flow	30.59	41.22	33.67	56.82	25.73
Operating Cash Flow Growth	-25.79%	22.43%	-40.75%	120.89%	-3.90%
Capital Expenditures	-3.17	-3.35	-8.01	-4.29	-4.51
Sale of Property, Plant & Equipment	1.03	0.57	0.54	0.5	0.72
Cash Acquisitions	-	-1.02	-	-	13.05
Divestitures	-	-	-	-	-0.05
Sale (Purchase) of Intangibles	-	-	-	0.98	-
Sale (Purchase) of Real Estate	-5.36	-0.46	-1.26	-0.62	-0.15
Investment in Securities	-5.38	-1.52	-2.17	-1.68	-0.34
Other Investing Activities	-8.76	19.11	1.52	-30.24	12.93
Investing Cash Flow	-21.64	13.34	-9.39	-35.35	21.65
Short-Term Debt Issued	47.38	4.91	11.43	-	-
Long-Term Debt Issued	18.65	-	-	0.25	4.2
Total Debt Issued	66.03	4.91	11.43	0.25	4.2
Short-Term Debt Repaid	-	-	-	-0.51	-0.75
Long-Term Debt Repaid	-19.97	-10.28	-12.81	-15.66	-11.68
Total Debt Repaid	-19.97	-10.28	-12.81	-16.16	-12.43
Net Debt Issued (Repaid)	46.06	-5.38	-1.38	-15.91	-8.23
Common Dividends Paid	-17.22	-19.38	-16.51	-15.07	-12.22
Financing Cash Flow	28.84	-24.76	-17.88	-30.98	-20.45
Net Cash Flow	37.79	29.8	6.39	-9.51	26.92
Free Cash Flow	27.43	37.88	25.66	52.53	21.21
Free Cash Flow Growth	-27.59%	47.62%	-51.16%	147.63%	0.83%
Free Cash Flow Margin	3.45%	5.23%	4.58%	10.75%	6.42%
Free Cash Flow Per Share	0.76	1.06	0.71	1.46	0.67
Cash Interest Paid	5.17	5.02	2.54	2.15	0.99
Cash Income Tax Paid	8.5	8.83	8.22	12.01	8.69
Levered Free Cash Flow	28.48	27.08	22.2	42.75	18.39
Unlevered Free Cash Flow	33.21	31.08	25.15	45.07	20.01
Change in Working Capital	-26.19	-16.02	-1.47	24.36	6.55

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