Urban Brand 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	0.34	1.1	5.6	-3.75
Depreciation & Amortization	0.02	0.02	0.02	0.02
Loss (Gain) on Equity Investments	-0.87	-0.87	0.16	1.33
Other Operating Activities	2.79	2.21	-5.55	1.43
Change in Accounts Receivable	-7.36	-1.29	-4.91	3.3
Change in Inventory	-2.87	-8.99	-20.22	0.46
Change in Accounts Payable	0.95	6.57	-0.49	0.67
Change in Unearned Revenue	3.54	-2.55	8.71	0.33
Change in Other Net Operating Assets	-10.05	-4.22	-2.27	-8.25
Operating Cash Flow	-13.51	-8.03	-18.96	-4.45
Capital Expenditures	-0.06	-0.04	-0.01	-0.02
Investment in Securities	5.3	4.35	-7.34	-1
Other Investing Activities	-13.03	-5.52	11.75	1.97
Investing Cash Flow	-7.79	-1.22	4.4	0.95
Short-Term Debt Issued	-	8.15	5.32	-
Long-Term Debt Issued	-	10.12	9.9	2.1
Total Debt Issued	66.96	18.27	15.23	2.1
Net Debt Issued (Repaid)	44.89	18.27	15.23	2.1
Other Financing Activities	-9.7	-3.7	-0.3	-0.13
Financing Cash Flow	35.19	14.57	14.93	1.97
Net Cash Flow	13.89	5.33	0.38	-1.53
Free Cash Flow	-13.57	-8.07	-18.97	-4.48
Free Cash Flow Margin	-25.61%	-23.54%	-134.72%	-19.99%
Free Cash Flow Per Share	-	-62.04	-145.79	-34.42
Cash Interest Paid	9.7	3.7	0.3	0.13
Levered Free Cash Flow	-	-24.91	-	-
Unlevered Free Cash Flow	-	-21.13	-	-
Change in Working Capital	-15.8	-10.49	-19.18	-3.49

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