TLV:MLRN 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	57.14	37.03	28.62	43.55	29.8
Depreciation & Amortization	3.51	3.61	4.28	4.05	1.18
Loss (Gain) From Sale of Investments	-	-	-	0.23	0.45
Asset Writedown & Restructuring Costs	-	-	43.08	23.61	-
Stock-Based Compensation	1.43	1.04	-0.5	3.02	0.55
Change in Other Net Operating Assets	-137.39	-93.82	229.51	-218	-345.55
Other Operating Activities	7.63	7.17	-71.24	-7.79	4.49
Operating Cash Flow	-67.67	-44.97	246.92	-151.33	-309.07
Capital Expenditures	-0.11	-0.3	-1.49	-2.31	-0.95
Sale of Property, Plant & Equipment	-	-	-	0.07	0.09
Cash Acquisitions	-	-	-	-	-29.91
Sale (Purchase) of Intangibles	-2.28	-0.86	-0.83	-0.23	-1
Other Investing Activities	-	-	-11.4	-	4
Investing Cash Flow	-2.38	-1.16	-13.72	-2.47	-27.76
Long-Term Debt Issued	296.19	196.67	-	193.71	395.19
Total Debt Issued	296.19	196.67	-	193.71	395.19
Long-Term Debt Repaid	-195.14	-161.52	-216.68	-87.24	-82.3
Total Debt Repaid	-195.14	-161.52	-216.68	-87.24	-82.3
Net Debt Issued (Repaid)	101.05	35.15	-216.68	106.47	312.9
Issuance of Common Stock	-	-	-	29.53	43.44
Common Dividends Paid	-32.71	-5.4	-6	-17	-11.63
Other Financing Activities	-	-	-	-	2.57
Financing Cash Flow	68.35	29.75	-222.68	119	347.28
Foreign Exchange Rate Adjustments	-	-	0.11	0.09	-
Net Cash Flow	-1.71	-16.38	10.64	-34.7	10.44
Free Cash Flow	-67.78	-45.27	245.43	-153.63	-310.02
Free Cash Flow Margin	-40.44%	-52.17%	281.44%	-163.97%	-504.30%
Free Cash Flow Per Share	-2.16	-1.45	8.09	-5.15	-12.36
Cash Interest Paid	-	27.27	50.17	28.11	17.77
Cash Income Tax Paid	-	11.7	13.46	21.83	6.02

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