A. Libental Holdings 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	Jun '25 Jun 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	21.6	-0.57	-18.84	-2.34	-1.71	-5.49	Upgrade
Depreciation & Amortization	0.18	0.29	0.54	0.9	0.82	0.66	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.05	-	-	-	Upgrade
Asset Writedown	0.56	0.56	0.05	0.43	-0.09	0.03	Upgrade
Income (Loss) on Equity Investments	-28.37	4.28	3.51	-2.06	-4.98	1.51	Upgrade
Change in Accounts Receivable	-8.72	10.35	14.68	-6.9	-14.52	15.47	Upgrade
Change in Accounts Payable	-2.25	-8.27	0.85	-3.33	4.85	-5	Upgrade
Change in Other Net Operating Assets	-7.99	-8.72	-22.47	-28.99	-22.84	-7.5	Upgrade
Other Operating Activities	-1.09	9.75	-0.83	0.19	7.1	2.43	Upgrade
Operating Cash Flow	-13.33	13.47	-9.6	-33.43	-17.93	-7.24	Upgrade
Acquisition of Real Estate Assets	-0.01	-0.01	-0.01	-0.19	-4.5	-2.11	Upgrade
Sale of Real Estate Assets	1.6	-	0.09	-	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	1.58	-0.01	0.08	-0.19	-4.5	-2.11	Upgrade
Cash Acquisition	-1.8	-	-	-	-	-	Upgrade
Other Investing Activities	-1.54	-0.34	1.39	5.2	-0.29	25.17	Upgrade
Investing Cash Flow	0.33	2.1	2.62	6.9	-31.06	23.06	Upgrade
Short-Term Debt Issued	-	-	6.12	17.59	25.43	-	Upgrade
Long-Term Debt Issued	-	62.91	24.93	13.16	110.1	34.87	Upgrade
Total Debt Issued	79.55	62.91	31.05	30.74	135.53	34.87	Upgrade
Short-Term Debt Repaid	-	-32.87	-	-	-	-10.27	Upgrade
Long-Term Debt Repaid	-	-37.88	-44.9	-30.17	-38.05	-42.31	Upgrade
Total Debt Repaid	-69.77	-70.75	-44.9	-30.17	-38.05	-52.58	Upgrade
Net Debt Issued (Repaid)	9.78	-7.84	-13.85	0.57	97.48	-17.71	Upgrade
Other Financing Activities	-5.14	-13.52	0.12	-8.26	3.44	-2.2	Upgrade
Miscellaneous Cash Flow Adjustments	-0.01	-	0	-	-	-	Upgrade
Net Cash Flow	-5.38	-5.8	-20.71	-34.22	51.93	-4.09	Upgrade
Cash Interest Paid	5.14	13.52	10.66	8.26	12.42	7.1	Upgrade
Levered Free Cash Flow	26.05	-2.73	17.94	0.53	-10.28	18.27	Upgrade
Unlevered Free Cash Flow	35.39	8.65	25.74	7.94	-4.59	23.56	Upgrade
Change in Working Capital	-6.21	-0.84	6.01	-30.55	-19.07	-6.38	Upgrade

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