Generation Capital 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	130	90.11	277.2	175.45	229.87	256.07
Loss (Gain) From Sale of Investments	-117.52	-137.31	-360.41	-240.13	-221.33	-
Stock-Based Compensation	5.89	3.97	-	7.38	6.75	5.64
Other Operating Activities	83.86	73.45	127.18	89.68	67.87	-277.16
Change in Accounts Receivable	0.95	2.28	-9.41	-0.7	-0.36	-1.07
Change in Accounts Payable	18.18	17.68	-10.28	1.55	3.14	7.14
Operating Cash Flow	121.36	50.18	24.28	33.23	85.93	-9.39
Operating Cash Flow Growth	536.71%	106.68%	-26.93%	-61.33%	-	-
Investment in Securities	-84.11	-93.01	-298.6	-492.59	-840.67	-124.82
Other Investing Activities	9.36	-5.04	-10.08	11.5	-11.5	-409.97
Investing Cash Flow	-74.75	-98.04	-358.68	-481.09	-852.17	-394.79
Long-Term Debt Issued	-	595.04	530.31	881.97	639	124
Long-Term Debt Repaid	-	-592.88	-353.15	-198.5	-74	-
Net Debt Issued (Repaid)	-25.8	2.16	177.16	683.47	565	124
Issuance of Common Stock	-	-	-	-	163.14	144.19
Common Dividends Paid	-30	-	-	-55	-50	-
Other Financing Activities	-	-	-	-	-13.34	-9.38
Financing Cash Flow	-55.8	2.16	177.16	628.47	664.8	258.82
Net Cash Flow	-9.19	-45.7	-157.24	180.6	-101.45	-145.36
Cash Interest Paid	37.74	40.87	23.06	14.93	9.38	4.31
Levered Free Cash Flow	241.78	200.53	170.66	186.67	213.41	223.25
Unlevered Free Cash Flow	256.59	218.73	187.31	198.76	217.69	225.36
Change in Working Capital	19.13	19.96	-19.69	0.85	2.78	6.07

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