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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	63.25	59.29	48.24	40.16	26.45	13.35
Depreciation & Amortization	0.45	0.49	0.73	1	1.41	1.91
Stock-Based Compensation	0.41	0.41	0.87	0.68	0.67	0.54
Other Operating Activities	-5.15	-5.68	-0.29	2.95	2.16	-0.73
Change in Accounts Receivable	2.82	-0.81	-6.99	36.88	-21.34	-3.78
Change in Accounts Payable	-89.58	0.51	18.44	-42.84	38.49	-62.75
Change in Other Net Operating Assets	137.71	36.41	-78.84	121.01	-31.29	41.78
Operating Cash Flow	109.7	90.62	-17.84	159.84	16.55	-9.68
Operating Cash Flow Growth	-	-	-	865.77%	-	-
Investment in Securities	17.16	12.99	13.09	5.68	-6.93	-11.88
Investing Cash Flow	17.16	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	10.42	0.32	-	3.96	-
Short-Term Debt Repaid	-	-	-	-3.96	-	-11.5
Long-Term Debt Repaid	-	-	-	-	-10	-
Total Debt Repaid	-10.42	-	-	-3.96	-10	-11.5
Net Debt Issued (Repaid)	-	10.42	0.32	-3.96	-6.04	-11.5
Issuance of Common Stock	6.61	10.01	40.59	30	-	-
Repurchase of Common Stock	-5	-7	-62	-	-	-
Common Dividends Paid	-43.26	-46.79	-33.31	-101.95	-	-
Other Financing Activities	-1.18	-0.43	18.82	-40.44	6.55	30.97
Financing Cash Flow	-42.83	-33.79	-35.59	-116.35	0.51	19.47
Net Cash Flow	84.03	69.83	-40.33	49.17	10.13	-2.08
Cash Interest Paid	3.06	3.06	1.72	0.88	0.24	0.47
Cash Income Tax Paid	30.01	30.01	38.17	15.84	9.5	9.26
Levered Free Cash Flow	121.22	88.76	2.05	133.65	32.78	-
Unlevered Free Cash Flow	122.77	90.31	3.62	135.73	33.07	-
Change in Working Capital	50.95	36.12	-67.39	115.05	-14.14	-24.74