TLV:ORON 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	29.58	35.78	24.64	29.41	9.81
Depreciation & Amortization	40.07	30.5	22.18	16.44	18.53
Loss (Gain) From Sale of Assets	-0.43	-0.46	-1.38	-0.52	-1.64
Loss (Gain) on Equity Investments	0.31	-0.02	-2.54	-	-
Stock-Based Compensation	2.55	2.94	3.36	-	-
Other Operating Activities	74.49	61.68	48.05	25.13	4.77
Change in Accounts Receivable	-160.75	-232.91	-136.65	3.4	-27.82
Change in Inventory	73.77	185.08	52.92	-69.55	-60.83
Change in Accounts Payable	79.22	85.34	-50.79	54.34	22.77
Change in Unearned Revenue	-90.01	3.64	35.08	126.26	-4.41
Change in Other Net Operating Assets	6.55	-40.05	11.16	-19.92	-9.28
Operating Cash Flow	55.34	131.5	6.03	164.99	-48.11
Operating Cash Flow Growth	-57.92%	2080.11%	-96.34%	-	-
Capital Expenditures	-108.96	-54.77	-66.61	-23.63	-27.53
Sale of Property, Plant & Equipment	2.27	6.35	3.65	0.95	2.64
Cash Acquisitions	-30.1	-	-	-	-
Investment in Securities	-	-	-14.02	-	-
Other Investing Activities	62.77	-58.09	-8.8	-16.89	5.27
Investing Cash Flow	-74.02	-106.51	-85.78	-39.58	-19.63
Short-Term Debt Issued	49.77	-	62.95	-	51.11
Long-Term Debt Issued	207.98	199.05	135.92	54.15	111.24
Total Debt Issued	257.75	199.05	198.87	54.15	162.36
Short-Term Debt Repaid	-	-68.94	-	-136.27	-
Long-Term Debt Repaid	-113.77	-91.47	-73.69	-68.36	-54.92
Total Debt Repaid	-113.77	-160.4	-73.69	-204.63	-54.92
Net Debt Issued (Repaid)	143.99	38.64	125.18	-150.48	107.44
Common Dividends Paid	-20	-15	-10	-4.9	-5
Other Financing Activities	-74.39	-52.29	-45.34	-14	-27.21
Financing Cash Flow	49.59	-28.65	69.84	-169.37	75.23
Net Cash Flow	30.92	-3.65	-9.9	-43.96	7.49
Free Cash Flow	-53.62	76.73	-60.58	141.36	-75.65
Free Cash Flow Margin	-2.63%	4.13%	-3.99%	11.71%	-8.83%
Free Cash Flow Per Share	-0.82	1.18	-0.93	2.17	-1.16
Cash Interest Paid	-	52.29	45.34	14	19.21
Cash Income Tax Paid	-	5	3.27	6.85	10.96
Levered Free Cash Flow	-37.15	-45.1	-113.03	78.56	-93.56
Unlevered Free Cash Flow	9.8	-10.16	-87.28	91.04	-87.65
Change in Working Capital	-91.22	1.1	-88.28	94.54	-79.58

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