TLV:INRM 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	169.03	109.63	192.97	129.07	99.42
Depreciation & Amortization	106.04	79.29	58.58	55.45	47.05
Loss (Gain) From Sale of Assets	-0.2	0.28	0.21	-0.15	0.02
Stock-Based Compensation	4.32	9.72	6.77	3.32	4.88
Other Operating Activities	-17.06	10.43	-63.49	-3.32	11.99
Change in Accounts Receivable	-60.51	-100.87	130.49	-59.26	2.42
Change in Inventory	3.3	-20.86	34.28	-27.32	-23.95
Change in Accounts Payable	17.52	25.15	-44.44	-1.4	27.4
Change in Other Net Operating Assets	10.49	11.8	-47.55	-11.31	-11.61
Operating Cash Flow	232.94	124.56	267.82	85.08	157.62
Operating Cash Flow Growth	87.01%	-53.49%	214.78%	-46.02%	-9.05%
Capital Expenditures	-168.54	-168.87	-127.06	-61.11	-44.57
Sale of Property, Plant & Equipment	0.37	2.82	0.77	0.21	0.42
Cash Acquisitions	-	-171.95	-	-152.66	-
Investment in Securities	-40	-	-	-	-
Other Investing Activities	56.49	-	65	-	-
Investing Cash Flow	-150.9	-337.58	-60.59	-212.51	-44.34
Short-Term Debt Issued	-	49.61	2.34	40.51	-
Long-Term Debt Issued	166.38	-	-	80	-
Total Debt Issued	166.38	49.61	2.34	120.51	-
Short-Term Debt Repaid	-133.5	-	-	-	-28.95
Long-Term Debt Repaid	-34.64	-35.52	-53.3	-59.05	-70.92
Total Debt Repaid	-168.14	-35.52	-53.3	-59.05	-99.87
Net Debt Issued (Repaid)	-1.76	14.08	-50.96	61.46	-99.87
Issuance of Common Stock	-	223.62	-	-	-
Common Dividends Paid	-69.85	-36.93	-34.51	-36.75	-25.55
Other Financing Activities	-4.5	-	-	-	-
Financing Cash Flow	-76.11	200.78	-85.47	24.7	-125.42
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	5.92	-12.23	121.77	-102.72	-12.14
Free Cash Flow	64.4	-44.31	140.76	23.98	113.05
Free Cash Flow Growth	-	-	487.10%	-78.79%	-13.08%
Free Cash Flow Margin	4.61%	-3.97%	12.58%	2.01%	10.97%
Free Cash Flow Per Share	0.44	-0.30	1.12	0.19	0.97
Cash Interest Paid	-	17.9	13.8	11.35	7.29
Cash Income Tax Paid	-	35.37	38.34	51.22	31.75
Levered Free Cash Flow	-3.45	-148.16	-1.18	-29.49	94.24
Unlevered Free Cash Flow	8.31	-137.56	7.9	-22.12	99.71
Change in Working Capital	-29.19	-84.78	72.77	-99.29	-5.74

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