iCon Group 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	41.14	36.17	32.73	46.86	68.63
Depreciation & Amortization	22.49	22.4	21.64	19.7	16.78
Loss (Gain) From Sale of Assets	-0.02	0.11	-0.03	-	-0.01
Loss (Gain) on Equity Investments	-3.95	-3.06	-2.48	-2.21	-
Stock-Based Compensation	0.88	1.33	0.81	1.47	1.43
Other Operating Activities	20.6	-1.51	-5.19	8.96	7.46
Change in Accounts Receivable	12.78	-88.48	-16.46	25.65	-56.74
Change in Inventory	43.28	-136.98	69.6	46.96	-70.14
Change in Accounts Payable	-5.32	89.88	-1.34	-119.93	51.73
Change in Unearned Revenue	-	-	-	-	9.53
Change in Other Net Operating Assets	34.88	-25.16	-3.17	-14.26	-7.97
Operating Cash Flow	166.76	-105.29	96.12	13.2	20.71
Operating Cash Flow Growth	-	-	628.39%	-36.27%	-76.26%
Capital Expenditures	-4.08	-7.54	-4.46	-3.75	-5.6
Sale of Property, Plant & Equipment	0.13	0.25	0.03	0.63	0.02
Cash Acquisitions	-	-	-	-68.7	-
Other Investing Activities	5.88	2.94	4.9	3.43	-
Investing Cash Flow	1.92	-4.35	0.48	-68.39	-5.58
Short-Term Debt Issued	-	145.13	-	62.95	-
Total Debt Issued	-	145.13	-	62.95	-
Short-Term Debt Repaid	-90.76	-	-66.89	-	-14.18
Long-Term Debt Repaid	-21.03	-20.87	-16.56	-15.17	-12.81
Total Debt Repaid	-111.8	-20.87	-83.45	-15.17	-26.99
Net Debt Issued (Repaid)	-111.8	124.26	-83.45	47.79	-26.99
Issuance of Common Stock	0.02	0.32	1.29	2.81	74.8
Repurchase of Common Stock	-	-	-	-1.71	-
Common Dividends Paid	-40	-17	-10.01	-14.99	-40
Other Financing Activities	-17.39	-	-	-0.05	-
Financing Cash Flow	-169.16	107.59	-92.16	33.86	7.81
Foreign Exchange Rate Adjustments	0.01	0.95	-0.08	0.13	0.53
Net Cash Flow	-0.48	-1.11	4.35	-21.21	23.48
Free Cash Flow	162.68	-112.83	91.66	9.44	15.11
Free Cash Flow Growth	-	-	870.57%	-37.49%	-82.49%
Free Cash Flow Margin	10.05%	-7.06%	6.35%	0.62%	1.06%
Free Cash Flow Per Share	2.82	-1.97	1.61	0.16	0.26
Cash Interest Paid	18.75	18.36	17.52	6.04	4.58
Cash Income Tax Paid	-9.43	15.45	20.67	22.17	15.87
Levered Free Cash Flow	135.54	-123.83	105.83	-77.31	9.11
Unlevered Free Cash Flow	142.75	-117.03	113.22	-71.97	11.63
Change in Working Capital	85.62	-160.73	48.64	-61.58	-73.59

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