Mediterranean Towers 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	388.2	267.11	220.58	120.92	296.67
Depreciation & Amortization	0.62	5.09	1.16	15.25	1.98
Asset Writedown & Restructuring Costs	-581.47	-403.62	-367.34	-313.23	-501.9
Loss (Gain) From Sale of Investments	0.99	0.02	-0.11	13.29	-1.82
Stock-Based Compensation	15.65	6.36	0.3	0.55	0.67
Other Operating Activities	160.66	127.05	125.82	128.2	167.39
Change in Accounts Receivable	0.03	-5.86	-0.84	-2.64	-1.06
Change in Accounts Payable	7.07	-0.79	-10.29	4.27	5.04
Change in Other Net Operating Assets	228.6	95.41	37.52	145.91	210.27
Operating Cash Flow	220.36	90.76	6.8	112.52	177.24
Operating Cash Flow Growth	142.79%	1234.36%	-93.95%	-36.51%	314.37%
Capital Expenditures	-	-	-	-0.85	-0.7
Sale (Purchase) of Real Estate	-542.22	-145.57	-146.42	-222.51	-53.62
Investment in Securities	-	-	66	-70.25	-0.06
Other Investing Activities	-96.44	89.17	-127.46	22.77	4.78
Investing Cash Flow	-638.67	-56.41	-207.88	-270.83	-49.6
Long-Term Debt Issued	795	58	448.48	-	-
Long-Term Debt Repaid	-432.2	-0.56	-144.16	-2.07	-1.98
Total Debt Repaid	-432.2	-0.56	-144.16	-2.07	-1.98
Net Debt Issued (Repaid)	362.8	57.44	304.33	-2.07	-1.98
Common Dividends Paid	-120	-80	-60	-80	-80
Other Financing Activities	116.1	-24.7	-24.68	-24.83	-24.24
Financing Cash Flow	358.9	-47.26	219.65	-106.9	-106.22
Net Cash Flow	-59.41	-12.9	18.57	-265.21	21.42
Free Cash Flow	220.36	90.76	6.8	111.67	176.54
Free Cash Flow Growth	142.79%	1234.36%	-93.91%	-36.74%	326.18%
Free Cash Flow Margin	78.48%	35.99%	2.83%	47.66%	82.84%
Free Cash Flow Per Share	1.45	0.60	0.04	0.74	1.17
Cash Interest Paid	39.9	24.7	24.68	20.63	20.68
Cash Income Tax Paid	0.21	0.16	0.16	0.19	0.13
Levered Free Cash Flow	223.78	141.58	55.48	89.86	339.25
Unlevered Free Cash Flow	264.73	172.84	74.45	104.06	354.28
Change in Working Capital	235.71	88.76	26.4	147.54	214.25

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