Multi Retail Group 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	4.69	11.41	-44.67	-6.83	30.77
Depreciation & Amortization	95.92	97.02	99.39	86.42	68.64
Loss (Gain) From Sale of Assets	-	-	-	-0.02	-0.4
Asset Writedown & Restructuring Costs	-	2.72	27.41	-	-
Loss (Gain) From Sale of Investments	-	-	0.45	-	-
Stock-Based Compensation	0.53	0.36	0.32	0.76	0.87
Other Operating Activities	-1.17	0.93	-13.41	-1.01	2.67
Change in Accounts Receivable	6.66	0.62	-11.56	-9.45	17.77
Change in Inventory	43.56	-36.57	25.18	47.48	-67.63
Change in Accounts Payable	-6.05	19.39	-15.41	-7.27	6.59
Change in Other Net Operating Assets	-2.08	-4.16	10.02	-1.7	0.93
Operating Cash Flow	142.06	91.71	77.72	108.37	60.2
Operating Cash Flow Growth	54.90%	18.00%	-28.28%	80.00%	-58.23%
Capital Expenditures	-7.18	-4.45	-10.93	-6.76	-8.18
Sale of Property, Plant & Equipment	-	-	-	0.23	0.23
Cash Acquisitions	-	-	-8.19	-98.96	-
Investing Cash Flow	-7.18	-4.45	-19.12	-105.49	-7.95
Long-Term Debt Issued	-	-	-	80	-
Total Debt Issued	-	-	-	80	-
Long-Term Debt Repaid	-91.11	-88.19	-99.11	-97.74	-108.67
Total Debt Repaid	-91.11	-88.19	-99.11	-97.74	-108.67
Net Debt Issued (Repaid)	-91.11	-88.19	-99.11	-17.74	-108.67
Issuance of Common Stock	-	-	22.81	-	49.19
Repurchase of Common Stock	-	-	-6.18	-8.76	-0.8
Common Dividends Paid	-4	-	-	-	-38.77
Other Financing Activities	-	-	-10	-	-
Financing Cash Flow	-95.11	-88.19	-92.48	-26.5	-99.06
Net Cash Flow	39.77	-0.93	-33.88	-23.62	-46.8
Free Cash Flow	134.88	87.27	66.79	101.61	52.03
Free Cash Flow Growth	54.56%	30.65%	-34.26%	95.30%	-60.52%
Free Cash Flow Margin	17.93%	11.10%	8.96%	13.62%	7.27%
Free Cash Flow Per Share	5.03	3.31	2.75	4.35	2.22
Cash Interest Paid	24.64	25.89	28.04	19.36	12.51
Cash Income Tax Paid	0.11	0.2	0.48	3.38	7.95
Levered Free Cash Flow	139.07	82.17	62.68	109.4	44.04
Unlevered Free Cash Flow	152.3	96.04	77.81	120.75	51.71
Change in Working Capital	42.1	-20.73	8.23	29.05	-42.34

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.