Y.D. More Investments 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	124.34	78.27	66.43	41.46	27.79
Depreciation & Amortization	12.72	11.43	12.13	9.21	4.81
Other Amortization	3.47	4.4	-	-	-
Loss (Gain) From Sale of Assets	0.27	2.98	-4.9	-1.58	0.01
Loss (Gain) From Sale of Investments	-3.87	-2.41	-9.9	-3.68	-4.83
Loss (Gain) on Equity Investments	-1.73	-2.4	-1.22	0.29	0.37
Stock-Based Compensation	4.16	0.74	0.61	1.2	0.92
Other Operating Activities	40.1	18.09	21.06	14.73	3.66
Change in Accounts Receivable	-22.04	-34.84	3.76	-24.26	-14.01
Change in Accounts Payable	59.84	25.96	-44.03	25.98	38.81
Change in Other Net Operating Assets	-96.09	-24.28	-46.22	-106.96	-67.84
Operating Cash Flow	121.17	77.95	-2.27	-43.61	-10.33
Operating Cash Flow Growth	55.45%	-	-	-	-
Capital Expenditures	-11.05	-24.07	-4.42	-23.21	-26.3
Sale of Property, Plant & Equipment	-	0.01	-	-	-
Divestitures	-	-0	1.77	-0.54	-
Sale (Purchase) of Intangibles	-0.14	-25.9	-6.55	-4.95	-1.96
Investment in Securities	-307.27	25.35	-59.12	-54.33	-34.23
Other Investing Activities	5.37	0.81	13.19	8.5	-18.6
Investing Cash Flow	-312.6	-23.45	-54.28	-73.53	-81.08
Short-Term Debt Issued	87.77	59.95	-	-	-
Long-Term Debt Issued	419.76	24.5	-	135	60
Total Debt Issued	507.52	84.45	-	135	60
Short-Term Debt Repaid	-98.74	-10.29	-	-	-
Long-Term Debt Repaid	-74.94	-60.56	-21.11	-20.55	-2.03
Total Debt Repaid	-173.68	-70.84	-21.11	-20.55	-2.03
Net Debt Issued (Repaid)	333.85	13.61	-21.11	114.45	57.97
Issuance of Common Stock	1	-	-	-	4.85
Repurchase of Common Stock	-11.81	-	-	-	-
Common Dividends Paid	-125.24	-66	-36.72	-35.18	-21.17
Other Financing Activities	12.28	-21.4	-0.79	94.68	54.98
Financing Cash Flow	210.08	-73.79	-58.62	173.95	96.63
Foreign Exchange Rate Adjustments	-0.36	-0.2	0.06	0.22	-0.26
Net Cash Flow	18.29	-19.5	-115.11	57.03	4.96
Free Cash Flow	110.11	53.88	-6.69	-66.82	-36.62
Free Cash Flow Growth	104.38%	-	-	-	-
Free Cash Flow Margin	10.86%	6.86%	-1.03%	-13.43%	-10.56%
Free Cash Flow Per Share	1.48	0.72	-0.09	-0.88	-0.50
Cash Interest Paid	10.25	10.2	10.07	3.04	2.32
Cash Income Tax Paid	88.27	54.53	35.65	15.12	18.16
Levered Free Cash Flow	216.51	56.54	12.37	22.9	17.24
Unlevered Free Cash Flow	223.7	63.22	18.98	26.21	19.57
Change in Working Capital	-58.3	-33.16	-86.49	-105.24	-43.03

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