Lahav LR Real Estate 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	211.84	155.96	96.42	162.09	172.1
Depreciation & Amortization	27.54	27.98	25.35	11.03	6.58
Loss (Gain) From Sale of Assets	-72.25	1.97	0.63	-	-
Asset Writedown & Restructuring Costs	-4.62	-4.56	-22.87	-6.53	-4.87
Loss (Gain) From Sale of Investments	-	-	-	-	-0.91
Loss (Gain) on Equity Investments	-118.8	-156.77	-71.72	-128.96	-107.12
Stock-Based Compensation	-	0.21	0.65	1.7	2.36
Other Operating Activities	15.35	3.21	10.09	-1.66	-19.55
Change in Accounts Receivable	-27.44	-12.68	-12.83	-12.53	-1.68
Change in Accounts Payable	17.56	10.01	-4.52	-18.06	-1.27
Operating Cash Flow	49.19	25.33	21.2	7.08	45.62
Operating Cash Flow Growth	94.17%	19.48%	199.44%	-84.48%	-
Capital Expenditures	-28.73	-39.57	-30.6	-42.58	-7.47
Sale of Property, Plant & Equipment	3.08	2.79	0.42	-	-
Cash Acquisitions	-11.88	-	-47.29	-78.64	-
Divestitures	-7.18	-	-	-	-
Sale (Purchase) of Real Estate	-39.89	-	-36.43	-8.05	-0.25
Investment in Securities	-25.32	-40.44	0.07	-44.37	-71.2
Other Investing Activities	-16.54	-1.52	-29.89	29.72	-53.34
Investing Cash Flow	-126.45	-78.75	-143.7	-143.93	-132.26
Short-Term Debt Issued	-	-	-	39.98	7.79
Long-Term Debt Issued	170.21	621.57	343.34	269.77	97.74
Total Debt Issued	170.21	621.57	343.34	309.75	105.53
Short-Term Debt Repaid	-0.85	-33.15	-4.29	-4.76	-0.1
Long-Term Debt Repaid	-165.14	-334.46	-113.12	-158.57	-37.98
Total Debt Repaid	-165.98	-367.61	-117.41	-163.33	-38.07
Net Debt Issued (Repaid)	4.23	253.95	225.93	146.43	67.46
Issuance of Common Stock	5.73	53.32	38.51	-	74.53
Common Dividends Paid	-49.99	-38	-39.99	-	-20
Other Financing Activities	-	-40	-	15	-
Financing Cash Flow	-40.03	229.28	224.45	161.43	121.99
Foreign Exchange Rate Adjustments	-1.53	-0.96	1.11	-0.17	-0.94
Net Cash Flow	-118.81	174.9	103.06	24.41	34.4
Free Cash Flow	20.47	-14.24	-9.39	-35.5	38.16
Free Cash Flow Margin	2.59%	-3.36%	-2.42%	-23.08%	249.90%
Free Cash Flow Per Share	0.08	-0.06	-0.04	-0.15	0.16
Cash Interest Paid	-	55.65	41.14	13.84	8.07
Cash Income Tax Paid	-	3.62	3.49	0.51	0.84
Levered Free Cash Flow	149.05	-84.33	-45.01	15.54	-50.72
Unlevered Free Cash Flow	191.01	-40.36	-10.19	25.87	-44.26
Change in Working Capital	-9.88	-2.67	-17.35	-30.59	-2.96

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