ETGA Group 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	37.84	33.52	26.58	33.38	27.64	12.35
Depreciation & Amortization	12.35	9.92	6.98	6.15	5.79	4.41
Other Amortization	1.57	1.57	0.45	-	-	-
Stock-Based Compensation	0.73	0.64	0.87	1.47	0.74	0.05
Other Operating Activities	42.81	31.91	31.07	17.91	12.12	1.41
Change in Accounts Receivable	-146.13	-150.88	-20.61	-140.67	-169.91	16.2
Change in Accounts Payable	-24.13	24.15	-16.11	-39.53	53.73	-1.87
Change in Other Net Operating Assets	110.42	121.89	-2.81	99.15	22.41	-19.03
Operating Cash Flow	35.27	72.72	26.43	-22.15	-47.49	13.52
Operating Cash Flow Growth	-54.40%	175.19%	-	-	-	148.92%
Capital Expenditures	-0.43	-2.85	-0.69	-2.81	-0.07	-0.76
Sale of Property, Plant & Equipment	0.18	0.2	0.08	0.18	0.07	0.04
Cash Acquisitions	-	-57.92	-	-	-	21.22
Sale (Purchase) of Intangibles	-0.17	-0.67	-3.35	-1	-0.61	-0.19
Investment in Securities	-	-	-	-	-0.02	-
Investing Cash Flow	-0.42	-61.24	-3.96	-3.63	-0.63	20.31
Short-Term Debt Issued	-	19.45	-	12.5	-	9.32
Total Debt Issued	7.4	19.45	-	12.5	-	9.32
Short-Term Debt Repaid	-	-	-8.57	-	-9.36	-
Long-Term Debt Repaid	-	-8.29	-3.07	-2.47	-2.75	-6.32
Total Debt Repaid	-8.37	-8.29	-11.64	-2.47	-12.11	-6.32
Net Debt Issued (Repaid)	-0.97	11.16	-11.64	10.03	-12.11	3.01
Issuance of Common Stock	-	-	-	-	124.87	-
Repurchase of Common Stock	-0.17	-0.57	-4.67	-	-	-
Common Dividends Paid	-34	-20	-11.5	-20	-18.83	-15
Financing Cash Flow	-35.14	-9.41	-27.8	-9.97	93.92	-12
Foreign Exchange Rate Adjustments	-3.58	0.81	0.68	3.09	-0.9	0.37
Net Cash Flow	-3.87	2.87	-4.66	-32.65	44.91	22.21
Free Cash Flow	34.84	69.88	25.73	-24.95	-47.56	12.76
Free Cash Flow Growth	-53.30%	171.55%	-	-	-	459.29%
Free Cash Flow Margin	5.40%	12.56%	7.25%	-3.88%	-9.23%	5.80%
Free Cash Flow Per Share	1.58	3.16	1.15	-1.12	-2.45	0.97
Cash Interest Paid	20.81	14.81	10.34	3.41	1.19	1.28
Cash Income Tax Paid	14.62	9.98	8.61	13.99	8.55	2.07
Levered Free Cash Flow	2.56	-76.68	-4.09	-60.22	-75.33	-
Unlevered Free Cash Flow	5.43	-74.97	-3	-59.4	-74.66	-
Change in Working Capital	-59.84	-4.84	-39.53	-81.05	-93.78	-4.7

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