Isrotel 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	254.55	303.66	233.42	252.79	250.64
Depreciation & Amortization	202.58	177.23	165.03	149.38	129.95
Other Amortization	-	2.33	1.88	1.4	1.09
Loss (Gain) From Sale of Assets	-0	-0.08	0.05	-1.51	-
Loss (Gain) From Sale of Investments	-1.44	-2.82	-0.27	-	-
Loss (Gain) on Equity Investments	8.85	4.85	2.59	0.93	0.23
Stock-Based Compensation	15.65	11.18	8.47	10.56	5.98
Other Operating Activities	-1.63	51.65	75.95	114.58	110.27
Change in Accounts Receivable	-15	-108.3	100.26	2.61	-140.4
Change in Inventory	-8.51	-2.52	-3.23	2.92	10.16
Change in Accounts Payable	51	136.64	-95.65	21.17	177.27
Operating Cash Flow	506.03	573.81	488.5	554.83	545.18
Operating Cash Flow Growth	-11.81%	17.46%	-11.96%	1.77%	392.03%
Capital Expenditures	-315.52	-538.31	-243.79	-135.92	-80.34
Sale of Property, Plant & Equipment	0.08	0.43	0.06	2.28	0.07
Cash Acquisitions	-45.52	-	-	-117.94	-
Sale (Purchase) of Intangibles	-5.14	-3.26	-3.55	-2.11	-2.34
Investment in Securities	162.13	37.05	-233.73	-52.02	-105
Other Investing Activities	13.29	-69.17	25.05	4.48	1.64
Investing Cash Flow	-216.75	-591.94	-480.77	-317.44	-195.96
Short-Term Debt Issued	-	111.1	-	-	7.58
Long-Term Debt Issued	43.24	51.41	66.33	14.51	57.87
Total Debt Issued	43.24	162.52	66.33	14.51	65.45
Short-Term Debt Repaid	-0.03	-2.03	-5.54	-3.63	-104.66
Long-Term Debt Repaid	-174.73	-114.55	-90.82	-249.43	-125.41
Total Debt Repaid	-174.76	-116.58	-96.36	-253.06	-230.07
Net Debt Issued (Repaid)	-131.52	45.94	-30.03	-238.55	-164.62
Issuance of Common Stock	-	-	-	75	106.15
Common Dividends Paid	-56.55	-	-51.81	-47.11	-
Other Financing Activities	-78.16	-63.01	-54.29	-43.55	-24.15
Financing Cash Flow	-266.23	-17.08	-136.12	-254.21	-82.62
Net Cash Flow	23.06	-35.2	-128.39	-16.82	266.6
Free Cash Flow	190.51	35.51	244.71	418.91	464.84
Free Cash Flow Growth	436.53%	-85.49%	-41.59%	-9.88%	-
Free Cash Flow Margin	8.75%	1.85%	13.62%	22.38%	28.91%
Free Cash Flow Per Share	3.37	0.63	4.35	7.47	8.47
Cash Interest Paid	-	63.01	54.29	43.55	38.26
Cash Income Tax Paid	-	67.85	42	-	-
Levered Free Cash Flow	57.52	-91.63	165.76	274.05	300.58
Unlevered Free Cash Flow	109.33	-57.27	198.38	303.22	326.18
Change in Working Capital	27.49	25.82	1.38	26.7	47.03

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