TLV:MNIF 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	186.23	151.88	124.42	92.93	55.17
Depreciation & Amortization	0.34	0.34	0.34	0.34	0.16
Loss (Gain) From Sale of Investments	-	-	-	-	-1.93
Provision for Credit Losses	37.19	22.74	8.78	-5.47	8.21
Stock-Based Compensation	2.38	1.38	2.38	3.92	6.21
Change in Other Net Operating Assets	-281.41	-376.25	-339.39	-833.63	-278.46
Other Operating Activities	-0.84	32.31	36.97	11.37	11.17
Operating Cash Flow	-324.02	-421.97	-427.97	-820.85	-173.67
Capital Expenditures	-0.04	-0.11	-0.01	-0.05	-1.18
Investing Cash Flow	-0.04	-0.11	-0.01	-0.05	-1.18
Short-Term Debt Issued	1,312	1,461	570.21	1,539	358.6
Long-Term Debt Issued	1,620	734.69	638.16	790.26	657.46
Total Debt Issued	2,933	2,195	1,208	2,329	1,016
Short-Term Debt Repaid	-1,479	-1,503	-502.81	-1,372	-444.08
Long-Term Debt Repaid	-1,052	-226.19	-248.62	-100.11	-370.26
Total Debt Repaid	-2,531	-1,729	-751.43	-1,472	-814.33
Net Debt Issued (Repaid)	401.91	466.41	456.94	857.38	201.73
Repurchase of Common Stock	-	-7	-	-	-
Common Dividends Paid	-61	-34	-28	-47.2	-24.3
Other Financing Activities	-	-	0.06	-	-0.49
Financing Cash Flow	340.9	425.41	428.99	810.18	176.93
Net Cash Flow	16.84	3.33	1.01	-10.72	2.09
Free Cash Flow	-324.06	-422.08	-427.98	-820.89	-174.85
Free Cash Flow Margin	-105.85%	-175.61%	-225.97%	-602.15%	-178.05%
Free Cash Flow Per Share	-5.25	-6.93	-7.08	-13.57	-2.89
Cash Interest Paid	224.35	166.96	114.02	31.68	15.59
Cash Income Tax Paid	59.69	28.73	27.93	32.43	14.08

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