Generation Capital 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	543.08	90.11	277.2	175.45	229.87
Loss (Gain) From Sale of Investments	-594.3	-137.31	-360.41	-240.13	-221.33
Stock-Based Compensation	7.18	3.97	-	7.38	6.75
Other Operating Activities	188.08	73.45	127.18	89.68	67.87
Change in Accounts Receivable	3.83	2.28	-9.41	-0.7	-0.36
Change in Accounts Payable	1.67	-0.6	-10.28	1.55	3.14
Operating Cash Flow	149.53	31.9	24.28	33.23	85.93
Operating Cash Flow Growth	368.74%	31.39%	-26.93%	-61.33%	-
Investment in Securities	-275.94	-93.01	-298.6	-492.59	-840.67
Other Investing Activities	6.8	-5.04	-10.08	11.5	-11.5
Investing Cash Flow	-269.14	-98.04	-358.68	-481.09	-852.17
Short-Term Debt Issued	-	18.28	-	-	-
Long-Term Debt Issued	283.2	595.04	530.31	881.97	639
Total Debt Issued	283.2	613.32	530.31	881.97	639
Short-Term Debt Repaid	-18.28	-	-	-	-
Long-Term Debt Repaid	-393.8	-592.88	-353.15	-198.5	-74
Total Debt Repaid	-412.08	-592.88	-353.15	-198.5	-74
Net Debt Issued (Repaid)	-128.88	20.44	177.16	683.47	565
Issuance of Common Stock	280	-	-	-	163.14
Common Dividends Paid	-45	-	-	-55	-50
Other Financing Activities	-4.1	-	-	-	-13.34
Financing Cash Flow	102.03	20.44	177.16	628.47	664.8
Net Cash Flow	-17.58	-45.7	-157.24	180.6	-101.45
Cash Interest Paid	44.2	40.87	23.06	14.93	9.38
Levered Free Cash Flow	471.77	190.43	166.32	186.67	213.41
Unlevered Free Cash Flow	503.36	218.73	187.31	198.76	217.69
Change in Working Capital	5.5	1.68	-19.69	0.85	2.78

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