Melisron 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	1,577	1,531	1,037	1,391	1,473	-250
Depreciation & Amortization	34	31	35	21	7	4
Gain (Loss) on Sale of Investments	-34	-33	-23	32	-29	-7
Asset Writedown	-1,101	-1,086	-596	-1,224	-1,327	741
Stock-Based Compensation	8	9	8	5	6	3
Income (Loss) on Equity Investments	-76	-62	-28	-89	-84	-2
Change in Accounts Receivable	-125	-33	-22	9	33	39
Change in Accounts Payable	20	-2	-31	43	9	-76
Change in Other Net Operating Assets	-8	5	60	13	13	5
Other Operating Activities	-150	743	539	726	633	-148
Operating Cash Flow	145	1,103	979	927	734	309
Operating Cash Flow Growth	-86.60%	12.67%	5.61%	26.29%	137.54%	-57.96%
Acquisition of Real Estate Assets	-520	-455	-1,053	-673	-399	-350
Sale of Real Estate Assets	26	-	-	205	-	139
Net Sale / Acq. of Real Estate Assets	-494	-455	-1,053	-468	-399	-211
Cash Acquisition	-592	-592	-	-	-42	-
Investment in Marketable & Equity Securities	37	16	-10	-601	-	-5
Other Investing Activities	23	-17	-93	-117	-97	-108
Investing Cash Flow	-1,032	-1,076	-978	-1,183	-543	-327
Short-Term Debt Issued	-	52	-	-	-	148
Long-Term Debt Issued	-	2,186	1,379	839	902	1,689
Total Debt Issued	3,581	2,238	1,379	839	902	1,837
Short-Term Debt Repaid	-	-	-5	-2	-301	-
Long-Term Debt Repaid	-	-1,648	-913	-915	-697	-1,744
Total Debt Repaid	-2,597	-1,648	-918	-917	-998	-1,744
Net Debt Issued (Repaid)	984	590	461	-78	-96	93
Common Dividends Paid	-360	-380	-380	-180	-	-60
Other Financing Activities	-53	-	-	-1	-4	-45
Net Cash Flow	-316	237	82	-515	91	-30
Cash Interest Paid	381	297	259	243	280	322
Cash Income Tax Paid	139	87	104	114	59	75
Levered Free Cash Flow	255.5	446.88	411.25	1,752	-668.38	273.13
Unlevered Free Cash Flow	648.63	854.38	740	2,149	-395.25	400
Change in Working Capital	-113	-30	7	65	55	-32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.