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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	698.48	543.08	90.11	277.2	175.45	229.87
Loss (Gain) From Sale of Investments	-764.68	-594.3	-137.31	-360.41	-240.13	-221.33
Stock-Based Compensation	16.88	7.18	3.97	-	7.38	6.75
Other Operating Activities	214.59	188.08	73.45	127.18	89.68	67.87
Change in Accounts Receivable	1.96	3.83	2.28	-9.41	-0.7	-0.36
Change in Accounts Payable	-0.71	1.67	-0.6	-10.28	1.55	3.14
Operating Cash Flow	166.53	149.53	31.9	24.28	33.23	85.93
Operating Cash Flow Growth	623.33%	368.74%	31.39%	-26.93%	-61.33%	-
Investment in Securities	-426.62	-275.94	-93.01	-298.6	-492.59	-840.67
Other Investing Activities	10.34	6.8	-5.04	-10.08	11.5	-11.5
Investing Cash Flow	-416.27	-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	405.8	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	-393.8	-412.08	-592.88	-353.15	-198.5	-74
Net Debt Issued (Repaid)	12	-128.88	20.44	177.16	683.47	565
Issuance of Common Stock	280	280	-	-	-	163.14
Common Dividends Paid	-65	-45	-	-	-55	-50
Other Financing Activities	-4.1	-4.1	-	-	-	-13.34
Financing Cash Flow	222.91	102.03	20.44	177.16	628.47	664.8
Net Cash Flow	-26.84	-17.58	-45.7	-157.24	180.6	-101.45
Cash Interest Paid	44.2	44.2	40.87	23.06	14.93	9.38
Levered Free Cash Flow	561.67	471.77	190.43	166.32	186.67	213.41
Unlevered Free Cash Flow	589.69	503.36	218.73	187.31	198.76	217.69
Change in Working Capital	1.26	5.5	1.68	-19.69	0.85	2.78