I.B.I. Investment 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	146.12	178.14	156.46	90.76	139.58	81.94
Depreciation & Amortization	57.18	45.64	28.08	23.39	19.72	22.76
Other Amortization	4.98	4.98	2.05	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-	-1.27
Loss (Gain) From Sale of Investments	-32.56	-44.91	-12.02	23.65	-72.39	-14.85
Loss (Gain) on Equity Investments	-19.16	-15.18	-14.19	-7.6	-9.12	-10.89
Stock-Based Compensation	11.12	6.23	7.52	8.99	1.29	-
Other Operating Activities	60.6	42.76	54.26	28.87	28.29	12.71
Change in Accounts Receivable	-3.19	-8.33	-1.96	-3.18	-1.74	-2.67
Change in Other Net Operating Assets	5.87	39.95	49.45	-103.77	82.87	-8.49
Operating Cash Flow	230.95	249.28	269.65	61.11	188.49	79.24
Operating Cash Flow Growth	12.25%	-7.55%	341.23%	-67.58%	137.88%	43.15%
Capital Expenditures	-18.65	-13.71	-26.93	-10.82	-6.94	-10.53
Sale of Property, Plant & Equipment	-	-	-	-	-	1.31
Cash Acquisitions	-125.13	-175.68	-1.55	-4.32	-13.35	-8.05
Sale (Purchase) of Intangibles	-22.87	-17.22	-35.15	-5.06	-	-
Investment in Securities	-47.69	137.26	-125	-59.57	178.71	-117.67
Other Investing Activities	102.18	-28.52	-80.73	35.7	-112.46	51.1
Investing Cash Flow	-112.16	-97.88	-269.38	-44.08	45.96	-83.84
Short-Term Debt Issued	-	21.16	-	44.98	-	-
Long-Term Debt Issued	-	9.58	151.84	-	-	71.43
Total Debt Issued	72.04	30.74	151.84	44.98	-	71.43
Short-Term Debt Repaid	-	-	-1.56	-	-	-0.32
Long-Term Debt Repaid	-	-47.39	-35.05	-62.53	-60.82	-7.39
Total Debt Repaid	-67.01	-47.39	-36.61	-62.53	-60.82	-7.71
Net Debt Issued (Repaid)	5.03	-16.65	115.23	-17.54	-60.82	63.72
Issuance of Common Stock	100.62	100.62	-	-	-	-
Common Dividends Paid	-141	-81	-118	-37.9	-76.5	-34.7
Other Financing Activities	-34.65	-3.11	-34.71	-25.32	-59.05	-4.17
Financing Cash Flow	-70	-0.14	-37.48	-80.76	-196.36	24.85
Net Cash Flow	48.78	151.26	-37.21	-63.73	38.09	20.25
Free Cash Flow	212.3	235.57	242.72	50.29	181.55	68.71
Free Cash Flow Growth	13.90%	-2.94%	382.64%	-72.30%	164.25%	47.17%
Free Cash Flow Margin	15.50%	22.34%	30.04%	7.67%	31.13%	15.10%
Free Cash Flow Per Share	14.37	16.79	18.63	3.86	14.33	5.42
Cash Interest Paid	22.83	19.44	7.26	6.18	4.69	3.55
Cash Income Tax Paid	102.5	78.73	55.72	65.97	36.23	24.83
Levered Free Cash Flow	253.94	215.96	97.93	-72.27	154.55	201.9
Unlevered Free Cash Flow	278.81	228.9	103.17	-69.38	157.25	204.77
Change in Working Capital	2.68	31.61	47.49	-106.96	81.13	-11.16

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.