Golden House 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	-6.56	115.62	16.15	83.68	11.74	-1.17
Depreciation & Amortization	0.82	0.79	1.18	1.19	1.26	1.31
Asset Writedown & Restructuring Costs	-3.05	-2.24	1.66	-97.35	-3.29	7.41
Loss (Gain) on Equity Investments	-	-	-	-	-6.81	-0.48
Other Operating Activities	-14	2.66	-10.96	36.71	5.98	7.01
Change in Accounts Receivable	29.73	29.73	-3.41	-0.03	-2.02	-5.53
Change in Accounts Payable	-0.22	-0.05	1.07	-0.17	-0.17	-1.8
Change in Unearned Revenue	1.2	0.23	-1.05	-1.35	-1.91	-0.48
Change in Other Net Operating Assets	-23.6	-7.41	10.46	4.97	-10.44	-14.53
Operating Cash Flow	11.98	27.83	2.55	18.2	-5.66	-8.25
Operating Cash Flow Growth	-54.61%	991.49%	-85.99%	-	-	-
Capital Expenditures	-0.97	-0.55	-0.71	-0.71	-0.62	-0.31
Sale of Property, Plant & Equipment	-	0.08	0.19	-	0.05	-
Sale (Purchase) of Real Estate	-4.19	-1.25	161.16	-19.68	-9.3	-7.49
Investment in Securities	39.5	244.14	9.69	41.77	-21.31	14.39
Other Investing Activities	-	-39.01	12.5	30.02	9.73	6.18
Investing Cash Flow	34.34	203.41	182.82	51.4	-21.44	15.57
Long-Term Debt Issued	-	-	-	-	-	58.31
Long-Term Debt Repaid	-	-46.19	-39.54	-33.64	-22.45	-18.92
Net Debt Issued (Repaid)	-90.79	-46.19	-39.54	-33.64	-22.45	39.4
Repurchase of Common Stock	-	-	-0.75	-	-	-
Common Dividends Paid	-215	-20	-20	-6	-	-
Financing Cash Flow	-305.79	-66.19	-60.28	-39.64	-22.45	39.4
Foreign Exchange Rate Adjustments	-11.32	-4.75	0.01	-0.13	-0.03	-0.25
Net Cash Flow	-270.79	160.3	125.1	29.82	-49.58	46.46
Free Cash Flow	11.01	27.29	1.84	17.48	-6.28	-8.57
Free Cash Flow Growth	-57.48%	1385.30%	-89.49%	-	-	-
Free Cash Flow Margin	23.90%	68.52%	3.38%	31.24%	-11.16%	-14.27%
Free Cash Flow Per Share	0.71	1.76	0.12	1.12	-0.40	-0.55
Cash Interest Paid	4.42	5.46	6.83	7.68	8.62	8.43
Cash Income Tax Paid	0.56	1.34	0.93	1.55	1.89	0.43
Levered Free Cash Flow	3.45	-26.12	-108.94	17.81	-7.24	4.81
Unlevered Free Cash Flow	5.02	-22.58	-104.99	22.77	-1.74	9.9
Change in Working Capital	7.11	22.5	7.08	3.41	-14.53	-22.33

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