Nawi Group 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	235.64	156.81	142.7	136.25	110.11
Depreciation & Amortization	0.32	0.17	0.15	0.15	0.17
Other Amortization	-	0.2	0.69	1.22	0.25
Loss (Gain) From Sale of Investments	-	3.88	-	-	-
Provision for Credit Losses	17.56	13.72	29.27	-5.12	-17.24
Change in Accounts Payable	-2.46	2.5	-15.64	-4.23	6.55
Change in Income Taxes	-10.8	-5.42	7.04	1.63	0.12
Change in Other Net Operating Assets	-1,102	-434.82	71.5	-220.56	-383.37
Other Operating Activities	-0.03	4.51	-6.26	-7.69	2.37
Operating Cash Flow	-861.53	-258.46	229.43	-98.34	-281.05
Capital Expenditures	-4.34	-0.04	-0.01	-0.03	-0.72
Investment in Securities	30.77	160.96	-94.77	67.98	-159.28
Other Investing Activities	-0.45	-	0.32	0.05	-0.06
Investing Cash Flow	25.99	160.91	-94.45	68	-160.06
Short-Term Debt Issued	753.46	498.45	235	347	40.75
Long-Term Debt Issued	579.68	-	-	150	481.46
Total Debt Issued	1,333	498.45	235	497	522.21
Short-Term Debt Repaid	-350	-116.95	-176.5	-145.75	-
Long-Term Debt Repaid	-32.35	-190.44	-158.07	-236.91	-
Total Debt Repaid	-382.35	-307.39	-334.57	-382.66	-
Net Debt Issued (Repaid)	950.79	191.06	-99.57	114.34	522.21
Common Dividends Paid	-110.1	-93.57	-36.82	-83.6	-80.53
Financing Cash Flow	840.69	97.5	-136.39	30.74	441.67
Net Cash Flow	5.15	-0.05	-1.41	0.4	0.56
Free Cash Flow	-865.87	-258.51	229.42	-98.37	-281.77
Free Cash Flow Margin	-346.80%	-115.55%	114.70%	-49.94%	-173.33%
Free Cash Flow Per Share	-26.44	-7.90	7.01	-3.00	-8.61
Cash Interest Paid	168.01	115.11	119.1	53.16	20.77
Cash Income Tax Paid	65.87	49.85	40.2	37.13	28.03

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