Isras 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	286.47	336.27	284.11	333.79
Depreciation & Amortization	1.14	0.99	0.58	0.66
Gain (Loss) on Sale of Investments	-0.03	-0.03	-5.62	-0.06
Asset Writedown	-220.78	-223.58	-317.46	-511.54
Change in Accounts Receivable	11.46	3.41	47.49	71.74
Change in Accounts Payable	-0.24	6.8	4.72	9.01
Change in Other Net Operating Assets	-10.46	-10.65	-11.07	20.17
Other Operating Activities	342.95	315.18	361.36	478.33
Operating Cash Flow	409.41	474.15	403.73	391.09
Operating Cash Flow Growth	-10.34%	17.44%	3.23%	-
Acquisition of Real Estate Assets	-193.68	-211.62	-191.2	-277.33
Sale of Real Estate Assets	0.08	0.08	29.85	191.74
Net Sale / Acq. of Real Estate Assets	-193.6	-211.54	-161.35	-85.59
Investment in Marketable & Equity Securities	52.63	-19.03	-	-
Other Investing Activities	-0	0.11	1.78	-20.28
Investing Cash Flow	-140.97	-230.47	-159.57	-105.87
Short-Term Debt Issued	-	-	-	0.3
Long-Term Debt Issued	-	593.65	369.31	276.15
Total Debt Issued	288.04	593.65	369.31	276.45
Short-Term Debt Repaid	-	-0.29	-0.16	-
Long-Term Debt Repaid	-	-365.5	-385.9	-324.44
Total Debt Repaid	-389.69	-365.79	-386.06	-324.44
Net Debt Issued (Repaid)	-101.65	227.87	-16.75	-47.99
Other Financing Activities	-273.16	-276.93	-312.13	-426.31
Net Cash Flow	13.63	194.63	-84.73	-189.08
Cash Interest Paid	81.26	83.13	82.99	91.77
Cash Income Tax Paid	22.87	29.35	31.31	20.37
Levered Free Cash Flow	261.94	272.75	-	-
Unlevered Free Cash Flow	370.91	385.9	-	-
Change in Working Capital	-0.34	45.33	80.75	89.89

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