TLV:MNIN 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	39.82	47.93	37.44	74.99	31.31
Depreciation & Amortization	31.24	31.83	29.67	30.05	25.52
Loss (Gain) From Sale of Assets	-0.73	-0.08	-0.36	-1.21	-0.08
Stock-Based Compensation	0.26	0.46	0.79	0.68	-
Other Operating Activities	15.16	24.23	20.28	-24.15	-10.33
Change in Accounts Receivable	3.46	-2.07	60.94	-10.98	-51
Change in Inventory	11.87	-19.77	32.95	-36.34	-68.38
Change in Accounts Payable	6.47	41.16	-41.55	12.7	1.15
Change in Other Net Operating Assets	2.33	7.65	-1.56	15.66	-6.01
Operating Cash Flow	109.88	131.34	138.61	61.39	-77.81
Operating Cash Flow Growth	-16.34%	-5.25%	125.77%	-	-
Capital Expenditures	-14.03	-3.73	-8.34	-6.19	-9.99
Sale of Property, Plant & Equipment	1.49	0.3	0.5	1.33	0.39
Cash Acquisitions	-	-	-	-68	-
Sale (Purchase) of Intangibles	-	-0	-0.01	-	-5.89
Other Investing Activities	3.97	2.47	2.35	1.77	1.36
Investing Cash Flow	-8.56	-0.96	-5.51	-71.09	-14.13
Short-Term Debt Issued	-	-	-	91.4	24.7
Long-Term Debt Issued	-	-	-	-	120
Total Debt Issued	-	-	-	91.4	144.7
Short-Term Debt Repaid	-22.83	-44.45	-44.5	-	-
Long-Term Debt Repaid	-44.33	-49.6	-47.32	-54.74	-29.44
Total Debt Repaid	-67.16	-94.05	-91.82	-54.74	-29.44
Net Debt Issued (Repaid)	-67.16	-94.05	-91.82	36.67	115.27
Common Dividends Paid	-24	-13	-26	-11	-4.8
Other Financing Activities	-13.37	-15.7	-18.82	-15.26	-10.03
Financing Cash Flow	-104.53	-122.75	-136.64	10.41	100.43
Net Cash Flow	-3.21	7.62	-3.54	0.71	8.5
Free Cash Flow	95.86	127.61	130.27	55.2	-87.79
Free Cash Flow Growth	-24.88%	-2.04%	135.98%	-	-
Free Cash Flow Margin	9.22%	12.46%	12.30%	4.95%	-9.69%
Free Cash Flow Per Share	2.41	3.22	3.31	1.40	-2.21
Cash Interest Paid	11.04	12.97	16.98	12.97	8.03
Cash Income Tax Paid	15.36	10.14	16.7	31.03	52.23
Levered Free Cash Flow	64.82	102.31	112.6	-54.16	-102.79
Unlevered Free Cash Flow	71.71	110.35	122.2	-46.04	-96.31
Change in Working Capital	24.13	26.96	50.78	-18.96	-124.23

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