Meitav Trade Investments Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	58.99	48.24	40.16	26.45	13.35	9.17
Depreciation & Amortization	0.54	0.73	1	1.41	1.91	2.51
Stock-Based Compensation	0.41	0.87	0.68	0.67	0.54	-
Other Operating Activities	-4.9	-0.29	2.95	2.16	-0.73	-2.09
Change in Accounts Receivable	-20.05	-6.99	36.88	-21.34	-3.78	-16.28
Change in Accounts Payable	3.75	18.44	-42.84	38.49	-62.75	69.63
Change in Other Net Operating Assets	-111.31	-88.84	121.01	-31.29	41.78	-87.94
Operating Cash Flow	-72.57	-27.84	159.84	16.55	-9.68	-25
Operating Cash Flow Growth	-	-	865.77%	-	-	-
Investment in Securities	4.22	13.09	5.68	-6.93	-11.88	-18.91
Investing Cash Flow	4.22	13.09	5.68	-6.93	-11.88	-18.91
Short-Term Debt Issued	-	0.32	-	3.96	-	6.35
Total Debt Issued	0.32	0.32	-	3.96	-	6.35
Short-Term Debt Repaid	-	-	-3.96	-	-11.5	-
Long-Term Debt Repaid	-	-	-	-10	-	-
Total Debt Repaid	-0.32	-	-3.96	-10	-11.5	-
Net Debt Issued (Repaid)	-	0.32	-3.96	-6.04	-11.5	6.35
Issuance of Common Stock	16.65	49.14	30	-	-	-
Repurchase of Common Stock	-2	-52	-	-	-	-
Common Dividends Paid	-44.5	-33.31	-101.95	-	-	-5
Other Financing Activities	18.08	10.27	-40.44	6.55	30.97	9.89
Financing Cash Flow	-11.76	-25.59	-116.35	0.51	19.47	11.24
Net Cash Flow	-80.12	-40.33	49.17	10.13	-2.08	-32.67
Cash Interest Paid	0.08	1.72	0.88	0.24	0.47	4.33
Cash Income Tax Paid	38.17	38.17	15.84	9.5	9.26	3.23
Levered Free Cash Flow	-43.31	2.05	133.65	32.78	-	-
Unlevered Free Cash Flow	-41.77	3.62	135.73	33.07	-	-
Change in Working Capital	-127.61	-77.39	115.05	-14.14	-24.74	-34.59

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