TLV:HGG 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	92.86	83.65	196.95	96.91	89.71
Depreciation & Amortization	6.37	6.06	6.07	5.54	5.02
Asset Writedown & Restructuring Costs	-25.72	-6.16	-197.54	-90.39	-20.8
Loss (Gain) on Equity Investments	-9.11	5.53	7.17	3.15	-44.12
Stock-Based Compensation	0.02	-0.59	1.92	0.33	-
Provision & Write-off of Bad Debts	-	6.32	-	-	-
Other Operating Activities	-158.09	-28.57	124.79	52.98	-8.22
Change in Accounts Receivable	48.16	-91.29	-244.1	-101.02	10.72
Change in Inventory	-939.99	-0.05	-44.51	-512.46	-601.71
Change in Accounts Payable	2.04	-0.68	-0.1	-0.83	3.66
Change in Income Taxes	-1.94	-0.92	47.61	-17.71	14.94
Change in Other Net Operating Assets	118.88	86.71	-212.51	247.9	-37.17
Operating Cash Flow	-866.51	60	-314.25	-315.62	-587.97
Capital Expenditures	-9.07	-5.94	-3.93	-66.06	-2.17
Sale (Purchase) of Real Estate	-28.74	-28.12	-178.45	-43.47	111.55
Investment in Securities	-116.95	-154.73	-	-	-
Other Investing Activities	54.3	-60.7	-26.12	31.15	-103.58
Investing Cash Flow	-140.46	-266.95	-208.49	-78.38	5.8
Short-Term Debt Issued	-	-	-	6.06	101.06
Long-Term Debt Issued	2,341	559.8	685.83	794.83	843.92
Total Debt Issued	2,341	559.8	685.83	800.89	944.98
Short-Term Debt Repaid	-	-	-26.45	-	-
Long-Term Debt Repaid	-1,371	-408.38	-306.27	-289.22	-337.87
Total Debt Repaid	-1,371	-408.38	-332.72	-289.22	-337.87
Net Debt Issued (Repaid)	970	151.42	353.11	511.67	607.11
Issuance of Common Stock	2.4	51.47	-	126.01	-
Repurchase of Common Stock	-7.84	-	-26.19	-14.51	-
Common Dividends Paid	-	-	-	-	-21.3
Other Financing Activities	21.16	-	-	4.64	-
Financing Cash Flow	985.72	202.9	326.92	627.82	585.81
Net Cash Flow	-21.25	-4.06	-195.82	233.82	3.65
Free Cash Flow	-875.59	54.06	-318.17	-381.68	-590.14
Free Cash Flow Margin	-225.31%	12.94%	-55.15%	-131.37%	-270.53%
Free Cash Flow Per Share	-14.13	0.86	-5.16	-6.23	-10.03
Cash Interest Paid	234.76	115.3	105.28	43.72	39.19
Cash Income Tax Paid	51.16	4.1	11.14	39.8	19.57
Levered Free Cash Flow	128.78	-22.21	-502.26	-171.25	-667.64
Unlevered Free Cash Flow	175.79	9.78	-484.13	-151.19	-653.27
Change in Working Capital	-772.85	-6.24	-453.61	-384.13	-609.57

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