A. Libental 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	89.42	-0.57	-18.84	-2.34	-1.71
Depreciation & Amortization	0.54	0.29	0.54	0.9	0.82
Gain (Loss) on Sale of Assets	-	-	-0.05	-	-
Asset Writedown	-93.38	0.56	0.05	0.43	-0.09
Income (Loss) on Equity Investments	-24.57	4.28	3.51	-2.06	-4.98
Change in Accounts Receivable	-18.6	10.35	14.68	-6.9	-14.52
Change in Accounts Payable	2.67	-8.27	0.85	-3.33	4.85
Change in Other Net Operating Assets	24.32	-9.64	-28.85	-28.99	-22.84
Other Operating Activities	-7.95	11.58	-0.83	0.19	7.1
Operating Cash Flow	-21.35	13.47	-9.6	-33.43	-17.93
Acquisition of Real Estate Assets	-	-0.01	-0.01	-0.19	-4.5
Sale of Real Estate Assets	1.6	-	0.09	-	-
Net Sale / Acq. of Real Estate Assets	1.6	-0.01	0.08	-0.19	-4.5
Investment in Marketable & Equity Securities	61.57	-	-	-	-
Other Investing Activities	-36.52	-0.34	1.39	5.2	-0.29
Investing Cash Flow	26.27	2.1	2.62	6.9	-31.06
Short-Term Debt Issued	2.03	-	6.12	17.59	25.43
Long-Term Debt Issued	40.93	62.91	24.93	13.16	110.1
Total Debt Issued	42.95	62.91	31.05	30.74	135.53
Short-Term Debt Repaid	-14.42	-32.87	-	-	-
Long-Term Debt Repaid	-20.07	-37.88	-44.9	-30.17	-38.05
Total Debt Repaid	-34.49	-70.75	-44.9	-30.17	-38.05
Net Debt Issued (Repaid)	8.46	-7.84	-13.85	0.57	97.48
Issuance of Common Stock	5	-	-	-	-
Other Financing Activities	-5.99	-13.52	0.12	-8.26	3.44
Miscellaneous Cash Flow Adjustments	-	-	0	-	-
Net Cash Flow	12.4	-5.8	-20.71	-34.22	51.93
Cash Interest Paid	5.99	13.52	10.66	8.26	12.42
Levered Free Cash Flow	45.3	-2.72	17.99	0.53	-10.28
Unlevered Free Cash Flow	53.02	8.66	25.79	7.94	-4.59
Change in Working Capital	14.58	-2.67	6.01	-30.55	-19.07