I.E.S Holdings 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	165.56	153.83	65.72	227.35	327.03	47.44
Depreciation & Amortization	0.03	0.04	0.04	0.04	0.03	0.03
Asset Writedown & Restructuring Costs	-95	-111	-17	-253.7	-379.93	-41.71
Loss (Gain) From Sale of Investments	-42.69	-25	-8.28	-1.31	-9.91	6.07
Other Operating Activities	22.39	25.43	3.13	57.09	87.71	11.85
Change in Accounts Receivable	0.33	1.89	-1.77	0.33	-0.38	0.15
Change in Inventory	-	-	-	-	4.72	1.86
Change in Accounts Payable	-0.74	-0.15	-0.04	0.21	0.13	-0.03
Change in Other Net Operating Assets	-4.38	3.87	2.44	3.29	0.33	-0.89
Operating Cash Flow	45.5	48.91	44.25	33.3	29.73	24.76
Operating Cash Flow Growth	-6.27%	10.53%	32.88%	12.04%	20.05%	-5.87%
Capital Expenditures	-0.05	-0.05	-0.02	-0.05	-0.04	-0.1
Sale (Purchase) of Real Estate	-0.64	-	-10.62	9.32	-14.9	-
Investment in Securities	-113.36	-170.23	-57.14	3.96	-17.14	-25.89
Other Investing Activities	-	-	-	5.81	-5.81	-
Investing Cash Flow	-114.04	-170.28	-67.78	19.04	-39.71	-25.99
Short-Term Debt Repaid	-	-	-	-	-	-2.25
Long-Term Debt Repaid	-	-0.29	-0.26	-0.24	-0.22	-0.2
Total Debt Repaid	-0.3	-0.29	-0.26	-0.24	-0.22	-2.46
Net Debt Issued (Repaid)	-0.3	-0.29	-0.26	-0.24	-0.22	-2.46
Issuance of Common Stock	-	-	-	99.97	49.75	-
Repurchase of Common Stock	-43.43	-23.17	-5.84	-0.38	-1.58	-0.68
Common Dividends Paid	-	-	-	-8.73	-7.9	-
Financing Cash Flow	-43.73	-23.45	-6.1	90.63	40.05	-3.14
Foreign Exchange Rate Adjustments	-0.49	0.21	1.5	1.27	-0.65	-2.13
Net Cash Flow	-112.76	-144.61	-28.13	144.23	29.42	-6.5
Free Cash Flow	45.45	48.86	44.24	33.25	29.69	24.66
Free Cash Flow Growth	-6.31%	10.46%	33.03%	12.00%	20.41%	-6.16%
Free Cash Flow Margin	73.69%	88.55%	85.13%	73.26%	65.81%	61.39%
Free Cash Flow Per Share	8.01	8.51	7.62	5.74	5.52	4.68
Cash Interest Paid	0.78	0.11	0.12	0.13	0.13	0.16
Cash Income Tax Paid	17.61	7.47	6.15	6.09	5.71	7.02
Levered Free Cash Flow	24.74	29.78	23.4	25.12	21.7	17.82
Unlevered Free Cash Flow	25.22	29.88	23.51	25.26	21.82	17.96
Change in Working Capital	-4.8	5.61	0.64	3.83	4.79	1.09

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