Meitav Trade 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	59.29	48.24	40.16	26.45	13.35
Depreciation & Amortization	0.49	0.73	1	1.41	1.91
Stock-Based Compensation	0.41	0.87	0.68	0.67	0.54
Other Operating Activities	-5.68	-0.29	2.95	2.16	-0.73
Change in Accounts Receivable	-0.81	-6.99	36.88	-21.34	-3.78
Change in Accounts Payable	0.51	18.44	-42.84	38.49	-62.75
Change in Other Net Operating Assets	36.41	-78.84	121.01	-31.29	41.78
Operating Cash Flow	90.62	-17.84	159.84	16.55	-9.68
Operating Cash Flow Growth	-	-	865.77%	-	-
Investment in Securities	12.99	13.09	5.68	-6.93	-11.88
Investing Cash Flow	12.99	13.09	5.68	-6.93	-11.88
Short-Term Debt Issued	10.42	0.32	-	3.96	-
Total Debt Issued	10.42	0.32	-	3.96	-
Short-Term Debt Repaid	-	-	-3.96	-	-11.5
Long-Term Debt Repaid	-	-	-	-10	-
Total Debt Repaid	-	-	-3.96	-10	-11.5
Net Debt Issued (Repaid)	10.42	0.32	-3.96	-6.04	-11.5
Issuance of Common Stock	10.01	40.59	30	-	-
Repurchase of Common Stock	-7	-62	-	-	-
Common Dividends Paid	-46.79	-33.31	-101.95	-	-
Other Financing Activities	-0.43	18.82	-40.44	6.55	30.97
Financing Cash Flow	-33.79	-35.59	-116.35	0.51	19.47
Net Cash Flow	69.83	-40.33	49.17	10.13	-2.08
Cash Interest Paid	3.06	1.72	0.88	0.24	0.47
Cash Income Tax Paid	30.01	38.17	15.84	9.5	9.26
Levered Free Cash Flow	88.76	2.05	133.65	32.78	-
Unlevered Free Cash Flow	90.31	3.62	135.73	33.07	-
Change in Working Capital	36.12	-67.39	115.05	-14.14	-24.74

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