TLV:MSHR 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	-52.02	-22.25	-39.78	50.92	102.95
Depreciation & Amortization	61.6	55.71	40.3	37.35	52.91
Asset Writedown & Restructuring Costs	-62.97	-74.33	-5.11	-87.67	-160.03
Loss (Gain) From Sale of Investments	0.16	57.24	25.93	-3.69	-18.24
Loss (Gain) on Equity Investments	-0.58	1.45	-2.88	-3.94	-1.01
Stock-Based Compensation	0.62	0.25	0.33	0.35	0.23
Other Operating Activities	-73.94	-38.53	-52.44	31.03	58.1
Change in Accounts Receivable	4.97	1.15	2.47	1.57	1.53
Change in Inventory	0.25	26.21	-8.08	0.72	3.76
Change in Accounts Payable	-2.94	1.73	6.25	-12.14	0.7
Change in Income Taxes	-0.22	-0.11	5.1	5.96	15.97
Change in Other Net Operating Assets	89.15	21.92	44.18	25.99	62.4
Operating Cash Flow	-7.51	24.32	2.52	50.2	103.71
Operating Cash Flow Growth	-	866.53%	-94.99%	-51.60%	-
Capital Expenditures	-16.69	-102.13	-229.39	-146.72	-19.5
Sale of Property, Plant & Equipment	44.44	355.17	3.63	0.21	-
Divestitures	-	-	29.95	-3.58	255.95
Sale (Purchase) of Real Estate	-226.78	36.01	62.29	-151.28	-13.78
Investment in Securities	-0.35	-0.19	67.67	-30.36	16.66
Other Investing Activities	75.23	-45.58	-45.17	-29.06	-34.21
Investing Cash Flow	-107.15	243.27	2.23	-352.64	205.11
Short-Term Debt Issued	-	92.5	20.69	9.12	-
Long-Term Debt Issued	302.07	440.65	275.57	619.65	473.51
Total Debt Issued	302.07	533.15	296.25	628.78	473.51
Short-Term Debt Repaid	-51.89	-	-	-	-75.92
Long-Term Debt Repaid	-158.85	-824.85	-220.64	-528.76	-468.32
Total Debt Repaid	-210.74	-824.85	-220.64	-528.76	-544.24
Net Debt Issued (Repaid)	91.33	-291.7	75.61	100.02	-70.73
Issuance of Common Stock	-	-	-	8.39	-
Other Financing Activities	14.75	3.81	17.27	9.51	-20.11
Financing Cash Flow	106.08	-287.89	92.88	117.92	-90.84
Foreign Exchange Rate Adjustments	-19	-9.76	-2.23	18.6	-6.37
Miscellaneous Cash Flow Adjustments	-	-	-	10.65	-
Net Cash Flow	-27.57	-30.06	95.39	-155.28	211.62
Free Cash Flow	-24.19	-77.82	-226.88	-96.53	84.22
Free Cash Flow Margin	-7.10%	-16.64%	-48.27%	-20.56%	18.53%
Free Cash Flow Per Share	-0.69	-2.24	-6.52	-2.77	2.43
Cash Interest Paid	-	103.86	110.01	75.29	70.91
Cash Income Tax Paid	-	7.82	0.02	68.11	12.49
Levered Free Cash Flow	99.2	-253.68	-187.17	-134.67	158.43
Unlevered Free Cash Flow	248.98	-162.02	-111.09	-78.36	212.63
Change in Working Capital	119.61	44.77	36.16	25.85	68.8

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