Isras Investment Company 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	386.61	533.84	466.18	574.99	795.54
Depreciation & Amortization	1.41	0.99	0.58	0.56	0.88
Gain (Loss) on Sale of Assets	-	-0.03	-0.13	-	-
Asset Writedown	-224.93	-223.58	-317.46	-513.66	-690.07
Change in Accounts Receivable	-8.51	3.25	47.3	71.7	64.73
Change in Accounts Payable	-3.81	6.94	4.66	9.24	-7.94
Change in Other Net Operating Assets	-13.58	-11.38	-5.07	17.07	-84.88
Other Operating Activities	196.07	118.25	176.91	244.06	164.56
Operating Cash Flow	340.22	473.93	411.93	392.75	372.57
Operating Cash Flow Growth	-28.21%	15.05%	4.88%	5.42%	18.77%
Acquisition of Real Estate Assets	-280.34	-211.59	-190.39	-277.33	-361.75
Sale of Real Estate Assets	-	0.08	20.94	191.72	9.68
Net Sale / Acq. of Real Estate Assets	-280.34	-211.51	-169.45	-85.61	-352.06
Investment in Marketable & Equity Securities	31.34	-19.03	-	-	-
Other Investing Activities	-	0.11	1.56	-20.19	30.53
Investing Cash Flow	-249	-230.43	-167.89	-105.8	-321.53
Short-Term Debt Issued	-	-	-	0.35	-
Long-Term Debt Issued	568.67	595.31	370.78	280.58	496.88
Total Debt Issued	568.67	595.31	370.78	280.93	496.88
Short-Term Debt Repaid	-0.11	-0.29	-0.16	-	-0.09
Long-Term Debt Repaid	-412.59	-383.74	-428.47	-513.93	-426.47
Total Debt Repaid	-412.7	-384.03	-428.63	-513.93	-426.56
Net Debt Issued (Repaid)	155.96	211.28	-57.85	-233.01	70.33
Repurchase of Common Stock	-33.05	-176.08	-112.2	-	-
Common Dividends Paid	-223.78	-228.84	-158.83	-243.17	-210.75
Net Cash Flow	-9.65	49.85	-84.84	-189.24	-89.39
Cash Interest Paid	84.09	82.97	82.99	91.77	92.67
Cash Income Tax Paid	28.54	29.2	32.51	45.92	60.12
Levered Free Cash Flow	221.09	274.49	249.86	264.78	169.47
Unlevered Free Cash Flow	325.96	387.48	346.92	405.91	249.91
Change in Working Capital	-18.94	44.48	85.85	86.81	101.65

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