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	2015 - 2019
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	2015 - 2019
Net Income	398.37	533.84	466.18	574.99	795.54	293.11	Upgrade
Depreciation & Amortization	1.18	0.99	0.58	0.56	0.88	0.84	Upgrade
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.13	-	-	0.05	Upgrade
Asset Writedown	-220.78	-223.58	-317.46	-513.66	-690.07	-95.53	Upgrade
Change in Accounts Receivable	53.39	3.25	47.3	71.7	64.73	-3.38	Upgrade
Change in Accounts Payable	3.19	6.94	4.66	9.24	-7.94	-7.29	Upgrade
Change in Other Net Operating Assets	-10.13	-11.38	-5.07	17.07	-84.88	55.96	Upgrade
Other Operating Activities	185.45	118.25	176.91	244.06	164.56	34.11	Upgrade
Operating Cash Flow	390.12	473.93	411.93	392.75	372.57	313.68	Upgrade
Operating Cash Flow Growth	-10.46%	15.05%	4.88%	5.42%	18.77%	49.63%	Upgrade
Acquisition of Real Estate Assets	-285.61	-211.59	-190.39	-277.33	-361.75	-259.4	Upgrade
Sale of Real Estate Assets	0.08	0.08	20.94	191.72	9.68	0.07	Upgrade
Net Sale / Acq. of Real Estate Assets	-285.53	-211.51	-169.45	-85.61	-352.06	-259.33	Upgrade
Investment in Marketable & Equity Securities	49.47	-19.03	-	-	-	0.06	Upgrade
Other Investing Activities	-0	0.11	1.56	-20.19	30.53	-40.22	Upgrade
Investing Cash Flow	-236.06	-230.43	-167.89	-105.8	-321.53	-299.49	Upgrade
Short-Term Debt Issued	-	-	-	0.35	-	0.07	Upgrade
Long-Term Debt Issued	-	595.31	370.78	280.58	496.88	808.2	Upgrade
Total Debt Issued	858.54	595.31	370.78	280.93	496.88	808.26	Upgrade
Short-Term Debt Repaid	-	-0.29	-0.16	-	-0.09	-	Upgrade
Long-Term Debt Repaid	-	-383.74	-428.47	-513.93	-426.47	-312.53	Upgrade
Total Debt Repaid	-416.01	-384.03	-428.63	-513.93	-426.56	-312.53	Upgrade
Net Debt Issued (Repaid)	442.54	211.28	-57.85	-233.01	70.33	495.74	Upgrade
Issuance of Common Stock	-	-	-	-	-	122.4	Upgrade
Repurchase of Common Stock	-25.63	-176.08	-112.2	-	-	-99.02	Upgrade
Common Dividends Paid	-224.36	-228.84	-158.83	-243.17	-210.75	-128.18	Upgrade
Other Financing Activities	-	-	-	-	-	-46.8	Upgrade
Net Cash Flow	346.6	49.85	-84.84	-189.24	-89.39	358.33	Upgrade
Cash Interest Paid	86.38	82.97	82.99	91.77	92.67	98.69	Upgrade
Cash Income Tax Paid	29.33	29.2	32.51	45.92	60.12	54.45	Upgrade
Levered Free Cash Flow	219.02	274.49	249.86	264.78	169.47	165.14	Upgrade
Unlevered Free Cash Flow	335.7	387.48	346.92	405.91	249.91	215	Upgrade
Change in Working Capital	25.92	44.48	85.85	86.81	101.65	81.1	Upgrade

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