TLV:KARE 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	24.27	49.62	70.45	119.97	81.55
Depreciation & Amortization	9.47	8.26	8.35	7.03	4.69
Loss (Gain) From Sale of Assets	0.53	-0.28	-0.57	-	-0.03
Asset Writedown & Restructuring Costs	-12.07	-4.11	6.38	-4.35	-13.3
Loss (Gain) From Sale of Investments	-2.45	0.96	2.69	-56.18	3.18
Loss (Gain) on Equity Investments	-2.79	-6.05	2.9	0.56	1.14
Stock-Based Compensation	2.39	1.54	1.49	1.33	0.53
Other Operating Activities	-22.95	6.05	11.97	15.01	6.68
Change in Accounts Receivable	-3.17	98.83	-82.28	-10.61	-54.33
Change in Inventory	-460.97	-165.09	-36.53	-146.43	37.45
Change in Accounts Payable	58.66	37.73	-36.49	-23.49	67.09
Change in Other Net Operating Assets	279.26	47.73	-29.08	-35.47	-36.16
Operating Cash Flow	-129.83	75.19	-80.72	-132.63	98.47
Capital Expenditures	-4.23	-6.11	-0.94	-14.72	-7.19
Sale of Property, Plant & Equipment	0.22	0.28	0.01	-	0.09
Cash Acquisitions	-	-	-	-125.83	-
Sale (Purchase) of Real Estate	-3.7	-0.89	-15.68	-49.49	-0.7
Investment in Securities	76.68	-62.66	72.79	76.92	6.45
Other Investing Activities	-	-	-0.58	112.05	-161.82
Investing Cash Flow	21.19	-66.26	49.56	1.02	-166.99
Short-Term Debt Issued	-	-	31.79	-	-
Long-Term Debt Issued	380.24	94.13	151.96	219.27	187.57
Total Debt Issued	380.24	94.13	183.76	219.27	187.57
Short-Term Debt Repaid	-0.25	-48.95	-	-38.15	-8.11
Long-Term Debt Repaid	-92.01	-84.83	-85.2	-72.48	-125.73
Total Debt Repaid	-92.26	-133.78	-85.2	-110.63	-133.84
Net Debt Issued (Repaid)	287.98	-39.65	98.56	108.64	53.74
Issuance of Common Stock	0.73	1.32	1.92	1.23	-
Common Dividends Paid	-34	-30	-35	-34	-20
Other Financing Activities	-0.47	-	-	-	-
Financing Cash Flow	254.25	-68.33	65.47	75.86	33.74
Foreign Exchange Rate Adjustments	-1.99	-0.07	-0	1.98	-0.3
Net Cash Flow	143.62	-59.47	34.31	-53.77	-35.07
Free Cash Flow	-134.06	69.09	-81.66	-147.35	91.28
Free Cash Flow Margin	-27.65%	12.86%	-13.51%	-23.76%	13.98%
Free Cash Flow Per Share	-0.71	0.37	-0.44	-0.80	0.49
Cash Interest Paid	17.85	16.88	17.34	11.01	13.61
Cash Income Tax Paid	33.31	20.16	10.07	15.86	7.57
Levered Free Cash Flow	-254.66	131.82	-80.34	176.5	-88.73
Unlevered Free Cash Flow	-236.32	148.41	-65.35	187.82	-77.01
Change in Working Capital	-126.23	19.21	-184.38	-216	14.04

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