TLV:MLRN 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
Period Ending	Sep '25 Sep 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
Net Income	52.84	37.03	28.62	43.55	29.8	17.3
Depreciation & Amortization	3.62	3.61	4.28	4.05	1.18	1.04
Loss (Gain) From Sale of Investments	-	-	-	0.23	0.45	-0.65
Asset Writedown & Restructuring Costs	-	-	43.08	23.61	-	-
Stock-Based Compensation	1.15	1.04	-0.5	3.02	0.55	0.17
Change in Other Net Operating Assets	-100.6	-93.82	229.51	-218	-345.55	-183.04
Other Operating Activities	5.59	7.17	-71.24	-7.79	4.49	68.02
Operating Cash Flow	-37.4	-44.97	246.92	-151.33	-309.07	-97.16
Capital Expenditures	-0.2	-0.3	-1.49	-2.31	-0.95	-1.3
Sale of Property, Plant & Equipment	-	-	-	0.07	0.09	-
Cash Acquisitions	-	-	-	-	-29.91	-
Sale (Purchase) of Intangibles	-2.02	-0.86	-0.83	-0.23	-1	-1.64
Other Investing Activities	-	-	-11.4	-	4	-4
Investing Cash Flow	-2.22	-1.16	-13.72	-2.47	-27.76	-6.95
Long-Term Debt Issued	-	196.67	-	193.71	395.19	102.3
Total Debt Issued	298.08	196.67	-	193.71	395.19	102.3
Long-Term Debt Repaid	-	-161.52	-216.68	-87.24	-82.3	-29.75
Total Debt Repaid	-235.75	-161.52	-216.68	-87.24	-82.3	-29.75
Net Debt Issued (Repaid)	62.32	35.15	-216.68	106.47	312.9	72.56
Issuance of Common Stock	-	-	-	29.53	43.44	37.38
Common Dividends Paid	-22.11	-5.4	-6	-17	-11.63	-4
Other Financing Activities	-	-	-	-	2.57	-1.99
Financing Cash Flow	40.22	29.75	-222.68	119	347.28	103.94
Foreign Exchange Rate Adjustments	-	-	0.11	0.09	-	-
Net Cash Flow	0.6	-16.38	10.64	-34.7	10.44	-283.76
Free Cash Flow	-37.6	-45.27	245.43	-153.63	-310.02	-98.47
Free Cash Flow Margin	-34.81%	-52.17%	281.44%	-163.97%	-504.30%	-266.84%
Free Cash Flow Per Share	-1.20	-1.45	8.09	-5.15	-12.36	-4.70
Cash Interest Paid	43.94	27.27	50.17	28.11	17.77	15.38
Cash Income Tax Paid	13.57	11.7	13.46	21.83	6.02	2.98

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