Mega Or 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	844.34	657.72	252.85	-187.97	730.61
Depreciation & Amortization	1.04	0.86	0.8	1.17	1.06
Gain (Loss) on Sale of Assets	0.01	-0.01	0.01	-1.23	-8.22
Gain (Loss) on Sale of Investments	-437.88	-293.86	208.94	718.82	-270.19
Asset Writedown	-388.08	-277	-331.18	-283.02	-242.78
Stock-Based Compensation	5.46	8.12	8.07	3.91	1.65
Income (Loss) on Equity Investments	-96.14	-125.62	-177.6	-309.59	-331.84
Change in Accounts Receivable	-9.12	-9.24	-18.49	17.99	6
Change in Accounts Payable	4.55	6.23	-5.7	2.03	-4.56
Change in Other Net Operating Assets	33.26	-0.6	12.63	-13.83	34.03
Other Operating Activities	296.45	201.11	222.33	199.84	157.22
Net Cash from Discontinued Operations	-	-	-	-44.46	-
Operating Cash Flow	253.89	167.71	172.64	103.65	72.98
Operating Cash Flow Growth	51.39%	-2.86%	66.56%	42.03%	355.00%
Acquisition of Real Estate Assets	-917.04	-402.89	-550.68	-304.69	-352.71
Sale of Real Estate Assets	0.05	18.95	17.35	28.21	86.54
Net Sale / Acq. of Real Estate Assets	-916.99	-383.94	-533.33	-276.48	-266.17
Cash Acquisition	-	-66.85	-	-	-
Investment in Marketable & Equity Securities	803.73	232.34	646.26	-235.37	-587.42
Other Investing Activities	235.91	-188.94	-225.99	72.48	375.44
Investing Cash Flow	127.13	-294.71	-109.14	-474.08	-442.32
Short-Term Debt Issued	-	-	64.53	26.21	-
Long-Term Debt Issued	1,597	1,030	767.77	744.01	1,097
Total Debt Issued	1,597	1,030	832.3	770.22	1,097
Short-Term Debt Repaid	-101.61	-23.57	-	-	-19.64
Long-Term Debt Repaid	-1,009	-917.64	-687.74	-443.31	-261.98
Total Debt Repaid	-1,110	-941.21	-687.74	-443.31	-281.62
Net Debt Issued (Repaid)	486.51	88.95	144.56	326.91	815.22
Issuance of Common Stock	-	-	0	2.87	0
Common Dividends Paid	-130	-100	-35	-100	-100
Other Financing Activities	-1.43	-4.96	-2.29	-2.97	-3.43
Net Cash Flow	736.11	-143.01	170.77	-143.61	342.45
Cash Interest Paid	131.49	89.5	99.38	69.96	54.86
Cash Income Tax Paid	2.22	-2.27	-12.97	10.5	26.79
Levered Free Cash Flow	818.06	-317.56	-375.85	106.47	628.47
Unlevered Free Cash Flow	932.94	-201.03	-261.34	257.94	696.47
Change in Working Capital	28.69	-3.62	-11.57	6.19	35.47

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