Hamashbir 365 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	-7	21.87	4.74	38.42	25.25
Depreciation & Amortization	125.5	118.9	117.31	110.29	102.25
Loss (Gain) From Sale of Assets	-	-	0.25	-	-
Asset Writedown & Restructuring Costs	-0.03	-0.18	0.03	-0.12	1.08
Loss (Gain) From Sale of Investments	-	-	-	0.27	-0.23
Loss (Gain) on Equity Investments	-	-	-	-0.24	1.14
Other Operating Activities	-2.82	-5.86	-3.14	-25.93	-14.78
Change in Accounts Receivable	-19.78	2.8	0.65	-3.05	-19.46
Change in Inventory	-4.22	-34.09	12.86	-30.02	-9.43
Change in Accounts Payable	-7.56	1.96	-10.71	3.33	-21.54
Change in Income Taxes	-2.97	1.82	-4.67	-	-
Change in Other Net Operating Assets	-9.52	6.97	5.94	12.21	-2.68
Operating Cash Flow	71.6	114.19	123.26	105.16	58.68
Operating Cash Flow Growth	-37.30%	-7.36%	17.21%	79.23%	-31.64%
Capital Expenditures	-8.48	-18.34	-11.64	-16.65	-20.09
Cash Acquisitions	-	-	-	5.44	-
Investment in Securities	-	-	-	5.19	0.29
Other Investing Activities	-	-4.3	0.74	4.83	-0.9
Investing Cash Flow	-8.48	-22.64	-10.89	-1.2	-20.7
Short-Term Debt Issued	6.87	-	-	-	-
Long-Term Debt Issued	25	25	6	27	20
Total Debt Issued	31.87	25	6	27	20
Long-Term Debt Repaid	-111.77	-120.01	-120.91	-104.49	-74.89
Total Debt Repaid	-111.77	-120.01	-120.91	-104.49	-74.89
Net Debt Issued (Repaid)	-79.91	-95.01	-114.91	-77.49	-54.89
Common Dividends Paid	-10	-10	-9	-	-
Other Financing Activities	9.71	-	-	-	-
Financing Cash Flow	-80.2	-105.01	-123.91	-77.49	-54.89
Net Cash Flow	-17.08	-13.45	-11.54	26.48	-16.91
Free Cash Flow	63.11	95.86	111.62	88.51	38.59
Free Cash Flow Growth	-34.16%	-14.13%	26.11%	129.37%	-46.91%
Free Cash Flow Margin	6.85%	10.16%	12.74%	9.71%	4.57%
Free Cash Flow Per Share	0.36	0.55	0.64	0.51	0.22
Cash Interest Paid	57.69	51.85	53.91	53.77	56.04
Cash Income Tax Paid	3.65	4.53	7.59	0.39	0.03
Levered Free Cash Flow	83.03	95.03	113.74	84.53	44.21
Unlevered Free Cash Flow	116.56	126.99	146.67	118.08	79.35
Change in Working Capital	-44.06	-20.54	4.06	-17.52	-53.12

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