Malam-Team 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	50.09	59.04	315.8	356.91	486.85
Depreciation & Amortization	135.73	110.9	111.24	119.29	115.34
Asset Writedown & Restructuring Costs	-	-	-317.46	-500.84	-670.01
Loss (Gain) From Sale of Investments	-	11.19	-11.15	4.61	-0.05
Loss (Gain) on Equity Investments	6.4	2.1	-2.13	-3.54	-1.18
Other Operating Activities	40.63	29.56	374.31	489.58	520.79
Change in Accounts Receivable	-15.18	-41.99	-52.82	-92.68	60.77
Change in Inventory	-13.48	39.54	36.08	-47.58	122.42
Change in Accounts Payable	34.34	13.29	115.32	9.37	-31.91
Change in Other Net Operating Assets	-64.58	26.63	38.71	70.91	-45.06
Operating Cash Flow	173.93	250.25	607.91	406.03	557.96
Operating Cash Flow Growth	-30.50%	-58.84%	49.72%	-27.23%	-6.74%
Cash Acquisitions	-18.47	-10.93	-32.13	-67.94	-28.44
Divestitures	-	-	11.72	-	-1.19
Sale (Purchase) of Intangibles	-45.09	-36.57	-35.56	-20.25	-18.46
Sale (Purchase) of Real Estate	-45.66	-9.59	-175.07	-172.13	-389.59
Investment in Securities	-2.46	0.92	28.53	47.12	-28.3
Other Investing Activities	0.83	1.8	1.78	-14.28	30.41
Investing Cash Flow	-110.84	-54.36	-200.74	-227.49	-435.57
Short-Term Debt Issued	38.47	44.43	-	162.8	-
Long-Term Debt Issued	290	542.2	860.78	554.08	730.88
Total Debt Issued	328.47	586.63	860.78	716.88	730.88
Short-Term Debt Repaid	-	-	-152.92	-	-46.08
Long-Term Debt Repaid	-352.18	-358.07	-777.3	-719.31	-624.12
Total Debt Repaid	-352.18	-358.07	-930.21	-719.31	-670.2
Net Debt Issued (Repaid)	-23.7	228.56	-69.43	-2.43	60.68
Repurchase of Common Stock	-	-	-148	-167.21	-
Common Dividends Paid	-	-928.95	-20.4	-22	-36
Other Financing Activities	-5.92	-16.96	-254.65	-240.95	-134.54
Financing Cash Flow	-29.62	-717.36	-492.49	-432.58	-109.85
Foreign Exchange Rate Adjustments	-1.16	-0.1	0.36	0.85	-0.25
Miscellaneous Cash Flow Adjustments	-	621.75	-621.75	-	-
Net Cash Flow	32.31	100.18	-706.72	-253.18	12.28
Cash Interest Paid	57.22	58.24	140.64	117.58	105.09
Cash Income Tax Paid	34.97	42.21	68.29	77.75	92.78
Levered Free Cash Flow	177.8	4,950	-4,544	196.61	177.08
Unlevered Free Cash Flow	213.56	4,986	-4,507	211.88	183.91
Change in Working Capital	-58.91	37.46	137.29	-59.98	106.23

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