TLV:ISHI 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	27.31	65.69	96.75	126.4	93.68
Depreciation & Amortization	122.81	93.91	91.22	71.89	53.04
Other Amortization	0.55	0.53	-	-	-
Loss (Gain) From Sale of Assets	0.29	-12.44	-19.75	-0.02	-0.99
Asset Writedown & Restructuring Costs	4.78	-	3	-	-
Other Operating Activities	0.48	1.52	-3.2	-19.26	20.35
Change in Accounts Receivable	-60.17	87.91	5.73	-63.36	-14.95
Change in Inventory	-19.88	14.9	4.78	35.1	-69.23
Change in Accounts Payable	-11.58	-43.12	-30.64	12.98	4.4
Change in Unearned Revenue	115.26	-22.14	3.94	-68.22	36.33
Change in Other Net Operating Assets	-29.87	13.93	28.44	-70.75	-2.38
Operating Cash Flow	149.98	200.69	180.28	24.76	120.26
Operating Cash Flow Growth	-25.27%	11.32%	628.09%	-79.41%	46.03%
Capital Expenditures	-268.07	-200.59	-161.91	-86.21	-111.84
Sale of Property, Plant & Equipment	2.01	46.31	46.37	0.23	-
Cash Acquisitions	-21.54	-0.77	-2.95	-83.92	0.81
Investment in Securities	0.11	102.7	23.28	26.59	-25.96
Investing Cash Flow	-287.49	-52.35	-95.2	-143.31	-136.98
Short-Term Debt Issued	231.56	-	22.55	76.79	12.63
Long-Term Debt Issued	84.71	-	69.52	24.02	38.85
Total Debt Issued	316.27	-	92.07	100.81	51.47
Short-Term Debt Repaid	-	-57.76	-	-	-
Long-Term Debt Repaid	-113.89	-47.06	-47.68	-39.66	-33.5
Total Debt Repaid	-113.89	-104.82	-47.68	-39.66	-33.5
Net Debt Issued (Repaid)	202.38	-104.82	44.39	61.15	17.97
Common Dividends Paid	-20	-30	-35	-30	-25
Other Financing Activities	-1.5	-0.12	-0.17	-35.36	-34.67
Financing Cash Flow	180.88	-134.95	9.22	-4.21	-41.69
Foreign Exchange Rate Adjustments	0.32	-4.03	-1.28	4.95	-1.84
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	43.68	9.36	93.02	-117.8	-60.24
Free Cash Flow	-118.09	0.1	18.37	-61.45	8.43
Free Cash Flow Growth	-	-99.48%	-	-	-
Free Cash Flow Margin	-7.49%	0.01%	1.20%	-4.16%	0.89%
Free Cash Flow Per Share	-4.72	0.00	0.73	-2.46	0.34
Cash Interest Paid	23.47	18.52	19.27	7.51	4.73
Cash Income Tax Paid	0.98	7.46	28.82	46.89	23.43
Levered Free Cash Flow	2.52	61.6	-26.03	-154.06	-8.22
Unlevered Free Cash Flow	19.62	76.72	-14.56	-146.38	-2.98
Change in Working Capital	-6.24	51.48	12.26	-154.25	-45.82

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