TLV:HRON 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	88.45	83.78	67.99	108.04	127.55
Depreciation & Amortization	1.82	1.78	1.91	2.09	2.07
Loss (Gain) From Sale of Assets	-0.05	-0.11	-0.09	-0.14	-0.31
Asset Writedown & Restructuring Costs	-56.2	-42.6	-33.7	-84.3	-101.85
Loss (Gain) on Equity Investments	-0.09	-0.23	-0.1	-0	-0.97
Other Operating Activities	12.04	13.15	11.77	19.98	25.97
Change in Accounts Receivable	1.83	-6.34	7.2	-0.1	4.71
Change in Inventory	5.6	-1.9	0.7	2.8	-5
Change in Accounts Payable	-0.39	0.33	-0.17	-0.48	0.46
Change in Other Net Operating Assets	-2.83	-3.11	-0.39	8.11	-10.96
Operating Cash Flow	50.19	44.76	55.13	55.99	41.67
Operating Cash Flow Growth	12.14%	-18.82%	-1.53%	34.36%	-10.86%
Capital Expenditures	-0.84	-0.88	-0.34	-0.09	-2.59
Sale of Property, Plant & Equipment	0.4	0.13	0.2	0.14	0.9
Sale (Purchase) of Real Estate	-33.87	-11.88	-	-	-1.45
Investing Cash Flow	-34.32	-12.63	-0.14	0.05	-3.14
Short-Term Debt Issued	-	-	10.46	-	-
Total Debt Issued	-	-	10.46	-	-
Short-Term Debt Repaid	-1.16	-16.54	-	-40.02	-28.65
Total Debt Repaid	-1.16	-16.54	-	-40.02	-28.65
Net Debt Issued (Repaid)	-1.16	-16.54	10.46	-40.02	-28.65
Repurchase of Common Stock	-	-0.84	-50	-	-
Common Dividends Paid	-14.83	-14.84	-15.38	-15.91	-9.94
Financing Cash Flow	-15.99	-32.21	-54.91	-55.93	-38.59
Net Cash Flow	-0.11	-0.08	0.08	0.12	-0.06
Free Cash Flow	49.35	43.87	54.79	55.9	39.08
Free Cash Flow Growth	12.48%	-19.93%	-1.99%	43.06%	-13.85%
Free Cash Flow Margin	39.23%	34.77%	46.03%	41.65%	27.26%
Free Cash Flow Per Share	133.33	118.32	147.63	140.58	98.27
Cash Interest Paid	-	3.02	4.91	2	1.61
Cash Income Tax Paid	-	11.36	11.22	9.46	9.6
Levered Free Cash Flow	56.6	22.14	46.18	46.15	35.36
Unlevered Free Cash Flow	59.07	24.07	49.22	47.34	36.37
Change in Working Capital	4.22	-11.02	7.35	10.33	-10.8

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