TLV:GRIN 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	18.47	25.4	38.44	42.05	40.39	29.75
Depreciation & Amortization	28.34	26.51	23.83	22.67	21.66	22.36
Loss (Gain) From Sale of Assets	0.09	-1.15	-0.03	0.23	-2.09	0.1
Loss (Gain) From Sale of Investments	-1.4	-0.79	-0.63	1.14	-1.6	-0.08
Loss (Gain) on Equity Investments	-3.95	-4.32	-0.36	-7.07	0.44	0.13
Other Operating Activities	0.13	4.27	6.4	-0.39	-1.85	-0.3
Change in Accounts Receivable	-6.46	-12.51	15.81	2.13	-20.84	-5.39
Change in Inventory	-16.67	6.47	-4.4	-30.9	-10.94	3.6
Change in Accounts Payable	1.71	20.73	-19.97	7.25	7.74	0.55
Change in Other Net Operating Assets	-0.28	-4.13	-1.77	-3.21	4.33	-3.63
Operating Cash Flow	19.99	60.48	57.32	33.9	37.24	47.1
Operating Cash Flow Growth	-69.01%	5.52%	69.11%	-8.98%	-20.92%	10.21%
Capital Expenditures	-48.85	-45.44	-38.04	-17.44	-13.52	-29.23
Sale of Property, Plant & Equipment	1.92	3.57	0.36	0.14	5.24	0.22
Other Investing Activities	8.55	5.64	1.25	1.83	0.14	-1.14
Investing Cash Flow	-38.38	-36.23	-36.44	-15.48	-8.14	-30.15
Short-Term Debt Issued	-	0.42	0.95	1.49	-	-
Long-Term Debt Issued	-	15.44	30.7	12.48	18.03	18.55
Total Debt Issued	83.38	15.86	31.65	13.97	18.03	18.55
Short-Term Debt Repaid	-	-	-	-	-6.19	-0.88
Long-Term Debt Repaid	-	-30.38	-29.13	-23.01	-22.83	-23.84
Total Debt Repaid	-29.47	-30.38	-29.13	-23.01	-29.03	-24.72
Net Debt Issued (Repaid)	53.91	-14.51	2.51	-9.04	-11	-6.17
Common Dividends Paid	-20	-	-36	-	-32	-
Other Financing Activities	-	-	-	-	-	5.73
Financing Cash Flow	33.91	-14.51	-33.49	-9.04	-43	-0.45
Foreign Exchange Rate Adjustments	-0.92	-0.51	-0.18	0.39	-0.1	-0.03
Net Cash Flow	14.6	9.23	-12.78	9.77	-13.99	16.47
Free Cash Flow	-28.86	15.04	19.28	16.46	23.73	17.86
Free Cash Flow Growth	-	-21.99%	17.17%	-30.64%	32.82%	-41.19%
Free Cash Flow Margin	-6.76%	3.70%	4.48%	3.97%	6.34%	5.42%
Free Cash Flow Per Share	-0.83	0.44	0.56	0.48	0.69	0.52
Cash Interest Paid	6.14	6.02	3.97	3.34	3.63	3.43
Cash Income Tax Paid	3.41	3.18	4.15	3.04	4.45	2.22
Levered Free Cash Flow	-25.75	34.14	5.7	-3.91	3.85	25.09
Unlevered Free Cash Flow	-21.08	38.2	9.94	-1.38	6.11	27.07
Change in Working Capital	-21.7	10.56	-10.32	-24.73	-19.71	-4.86

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