Kerur Holdings 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	42.65	77.31	83.17	61.53	91.01
Depreciation & Amortization	54.82	56.25	58.51	61.62	61.84
Other Amortization	0.9	1.13	-	-	-
Loss (Gain) From Sale of Assets	-2.62	-0.85	-0.23	-1.46	-0.24
Asset Writedown & Restructuring Costs	37.68	2.75	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-3.28	-6.99
Loss (Gain) on Equity Investments	-21.77	-20.11	-14.59	-11.73	-5.86
Other Operating Activities	-2.8	39.3	39.29	36.78	37.64
Change in Accounts Receivable	-6.55	32.66	2.04	-11.89	-18.98
Change in Inventory	-0.55	10.47	-1.13	-12.25	-4.38
Change in Accounts Payable	4.23	-48.5	20.1	-10.42	45.65
Change in Other Net Operating Assets	6.47	-10.39	-2.13	-15.55	-9.21
Operating Cash Flow	112.47	140.01	185.01	93.36	190.47
Operating Cash Flow Growth	-19.67%	-24.32%	98.16%	-50.98%	4.19%
Capital Expenditures	-39.31	-41.01	-25.46	-21.86	-44.14
Sale of Property, Plant & Equipment	2.62	0.85	0.31	1.68	1.16
Sale (Purchase) of Intangibles	-1.3	-1.03	-0.49	-1.2	-0.59
Investment in Securities	-	57.58	-54.5	-6.98	12.17
Other Investing Activities	-	-	-	3.44	-3.44
Investing Cash Flow	-37.99	16.39	-80.14	-24.91	-34.84
Short-Term Debt Issued	0.86	-	-	-	-
Total Debt Issued	0.86	-	-	-	-
Long-Term Debt Repaid	-25.01	-40.83	-23.12	-18.7	-16.58
Total Debt Repaid	-25.01	-40.83	-23.12	-18.7	-16.58
Net Debt Issued (Repaid)	-24.15	-40.83	-23.12	-18.7	-16.58
Common Dividends Paid	-35	-40	-75	-35	-100
Other Financing Activities	-	-30.44	-29.22	-11.87	-45.67
Financing Cash Flow	-59.15	-111.27	-127.35	-65.57	-162.25
Net Cash Flow	15.32	45.13	-22.48	2.88	-6.62
Free Cash Flow	73.16	99	159.55	71.51	146.33
Free Cash Flow Growth	-26.10%	-37.95%	123.13%	-51.13%	14.04%
Free Cash Flow Margin	9.26%	11.88%	16.35%	8.37%	14.75%
Free Cash Flow Per Share	5.82	7.87	12.69	5.68	11.63
Cash Interest Paid	2.54	1.24	1.99	2.13	2.62
Cash Income Tax Paid	34.95	30.51	35.39	29.33	44.62
Levered Free Cash Flow	23.31	108.96	132.11	44.37	-38.73
Unlevered Free Cash Flow	24.43	110.31	133.56	46.05	-36.62
Change in Working Capital	3.61	-15.77	18.87	-50.11	13.08

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