TLV:HMAM 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	Jun '25 Jun 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	12.86	4.43	3.07	-3.48	16.05	3.93
Depreciation & Amortization	6.57	6.55	6.62	6.28	4.26	4.5
Loss (Gain) From Sale of Assets	-	0.04	-0.17	-	0.03	0.5
Other Operating Activities	-4.4	0.21	1.48	4.89	-0.72	-1.09
Change in Accounts Receivable	-0.38	14.36	16.43	-15.22	3.71	20.91
Change in Inventory	2.74	-4.97	29.83	-7.27	-18.41	-3.87
Change in Accounts Payable	5	11.54	-7.84	-12.62	11.76	7.88
Change in Other Net Operating Assets	0.48	-4.57	-1.45	-1.31	7.54	1.52
Operating Cash Flow	23.6	27.59	47.97	-28.73	24.22	34.27
Operating Cash Flow Growth	72.29%	-42.49%	-	-	-29.34%	29.00%
Capital Expenditures	-0.14	-0.13	-0.02	-0.53	-0.11	-0.12
Sale of Property, Plant & Equipment	-	0.3	0.17	-	0.34	-
Other Investing Activities	0.36	-	-	-	0.08	-0.43
Investing Cash Flow	0.22	0.17	0.15	-0.53	0.32	-0.55
Short-Term Debt Issued	-	-	-	29.46	-	-
Long-Term Debt Issued	-	-	-	-	-	7
Total Debt Issued	5.37	-	-	29.46	-	7
Short-Term Debt Repaid	-	-21.36	-36.12	-	-16.56	-16.58
Long-Term Debt Repaid	-	-7.62	-7.65	-7.29	-8.02	-14.67
Total Debt Repaid	-27.19	-28.98	-43.77	-7.29	-24.58	-31.25
Net Debt Issued (Repaid)	-21.82	-28.98	-43.77	22.17	-24.58	-24.25
Common Dividends Paid	-	-	-	-2	-	-
Financing Cash Flow	-21.82	-28.98	-43.77	20.17	-24.58	-24.25
Net Cash Flow	2	-1.22	4.36	-9.09	-0.05	9.47
Free Cash Flow	23.46	27.46	47.95	-29.26	24.11	34.15
Free Cash Flow Growth	71.94%	-42.74%	-	-	-29.41%	28.78%
Free Cash Flow Margin	9.66%	11.27%	17.62%	-9.76%	8.69%	12.76%
Free Cash Flow Per Share	1.63	1.94	3.38	-2.06	1.70	2.41
Cash Interest Paid	3.17	3.62	4.82	4.07	2.52	3.61
Cash Income Tax Paid	0.08	0.06	0.05	0.06	0.05	0.05
Levered Free Cash Flow	17.65	24.77	47.94	-23.63	17.52	31.11
Unlevered Free Cash Flow	18.61	26.77	50.68	-21.36	19.01	33.41
Change in Working Capital	8.56	16.36	36.97	-36.42	4.6	26.44

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