Export Investment 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	156.94	124.23	103.29	125.51	112.23
Depreciation & Amortization	4.86	5.02	79.02	68.74	61.74
Other Amortization	100	84.7	-	-	-
Gain (Loss) on Sale of Assets	-	-	-0.04	-	-9.8
Gain (Loss) on Sale of Investments	-19.09	-6.25	2.65	5.17	-9.18
Provision for Credit Losses	52.4	79.7	133.3	78.8	-58.9
Change in Trading Asset Securities	-1.7	-1.8	4.8	-1.6	-3.1
Change in Other Net Operating Assets	-180.9	-84.56	151.92	29.11	26.35
Other Operating Activities	-15.65	2.65	-25.21	-26.59	91.58
Operating Cash Flow	65.56	166.29	406.73	213.24	166.82
Operating Cash Flow Growth	-60.58%	-59.11%	90.73%	27.83%	18.68%
Capital Expenditures	-122.54	-115.11	-110.73	-75.72	-78.53
Sale of Property, Plant and Equipment	-	-	0.07	-	20.1
Investment in Securities	-253.9	-115.9	-69.99	-244.45	-284.59
Net Decrease (Increase) in Loans Originated / Sold - Investing	-746.7	-412.2	-1,103	-1,982	-1,100
Other Investing Activities	-35.79	-	12.02	-12.02	10.02
Investing Cash Flow	-1,159	-643.21	-1,272	-2,314	-1,433
Short-Term Debt Issued	-	-	-	-	0
Long-Term Debt Issued	730.94	10	1,424	585.79	1,200
Total Debt Issued	730.94	10	1,424	585.79	1,200
Short-Term Debt Repaid	-	-10	-	-14.9	-
Long-Term Debt Repaid	-684.17	-779.3	-780.31	-599.24	-378.96
Total Debt Repaid	-684.17	-789.3	-780.31	-614.14	-378.96
Net Debt Issued (Repaid)	46.78	-779.3	643.59	-28.35	821.53
Common Dividends Paid	-9	-9	-18.73	-14.95	-6
Net Increase (Decrease) in Deposit Accounts	466.97	1,165	2,038	1,849	893.5
Other Financing Activities	-8.87	-5.27	0.02	71.8	-2.08
Financing Cash Flow	495.88	371.71	2,663	1,877	1,707
Foreign Exchange Rate Adjustments	-18.7	-0.8	5.4	19.5	-11
Net Cash Flow	-616.2	-106.02	1,803	-204.14	429.97
Free Cash Flow	-56.98	51.18	296	137.53	88.29
Free Cash Flow Growth	-	-82.71%	115.23%	55.77%	24.18%
Free Cash Flow Margin	-6.01%	6.12%	38.92%	18.56%	13.11%
Free Cash Flow Per Share	-5.05	4.53	26.21	12.18	7.82
Cash Interest Paid	709.78	742.36	366.62	203.85	148.48
Cash Income Tax Paid	84.33	111.53	50.03	63.73	98.81

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