Isras Investment Company 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	398.37	533.84	466.18	574.99	795.54	293.11
Depreciation & Amortization	1.18	0.99	0.58	0.56	0.88	0.84
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.13	-	-	0.05
Asset Writedown	-220.78	-223.58	-317.46	-513.66	-690.07	-95.53
Change in Accounts Receivable	53.39	3.25	47.3	71.7	64.73	-3.38
Change in Accounts Payable	3.19	6.94	4.66	9.24	-7.94	-7.29
Change in Other Net Operating Assets	-10.13	-11.38	-5.07	17.07	-84.88	55.96
Other Operating Activities	185.45	118.25	176.91	244.06	164.56	34.11
Operating Cash Flow	390.12	473.93	411.93	392.75	372.57	313.68
Operating Cash Flow Growth	-10.46%	15.05%	4.88%	5.42%	18.77%	49.63%
Acquisition of Real Estate Assets	-285.61	-211.59	-190.39	-277.33	-361.75	-259.4
Sale of Real Estate Assets	0.08	0.08	20.94	191.72	9.68	0.07
Net Sale / Acq. of Real Estate Assets	-285.53	-211.51	-169.45	-85.61	-352.06	-259.33
Investment in Marketable & Equity Securities	49.47	-19.03	-	-	-	0.06
Other Investing Activities	-0	0.11	1.56	-20.19	30.53	-40.22
Investing Cash Flow	-236.06	-230.43	-167.89	-105.8	-321.53	-299.49
Short-Term Debt Issued	-	-	-	0.35	-	0.07
Long-Term Debt Issued	-	595.31	370.78	280.58	496.88	808.2
Total Debt Issued	858.54	595.31	370.78	280.93	496.88	808.26
Short-Term Debt Repaid	-	-0.29	-0.16	-	-0.09	-
Long-Term Debt Repaid	-	-383.74	-428.47	-513.93	-426.47	-312.53
Total Debt Repaid	-416.01	-384.03	-428.63	-513.93	-426.56	-312.53
Net Debt Issued (Repaid)	442.54	211.28	-57.85	-233.01	70.33	495.74
Issuance of Common Stock	-	-	-	-	-	122.4
Repurchase of Common Stock	-25.63	-176.08	-112.2	-	-	-99.02
Common Dividends Paid	-224.36	-228.84	-158.83	-243.17	-210.75	-128.18
Other Financing Activities	-	-	-	-	-	-46.8
Net Cash Flow	346.6	49.85	-84.84	-189.24	-89.39	358.33
Cash Interest Paid	86.38	82.97	82.99	91.77	92.67	98.69
Cash Income Tax Paid	29.33	29.2	32.51	45.92	60.12	54.45
Levered Free Cash Flow	219.02	274.49	249.86	264.78	169.47	165.14
Unlevered Free Cash Flow	335.7	387.48	346.92	405.91	249.91	215
Change in Working Capital	25.92	44.48	85.85	86.81	101.65	81.1

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