TLV:POLP 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	48.38	89.19	81.68	100.63	97.15
Depreciation & Amortization	40.12	39.24	38.37	34.88	26.12
Loss (Gain) From Sale of Assets	-	-	-0.05	-	-0.01
Loss (Gain) From Sale of Investments	0.06	-4.8	-6.31	4.93	-3.54
Stock-Based Compensation	0.21	1.56	3.19	2.56	0.16
Other Operating Activities	13.12	-1.66	-15.46	-22.78	13.15
Change in Accounts Receivable	19.86	-9.59	46.32	8.1	-56.56
Change in Inventory	0.29	-84.46	120.57	-52.92	-129.8
Change in Accounts Payable	-42.99	11.95	-3.32	-24.29	21.98
Change in Other Net Operating Assets	21.44	-1.1	4.87	21.79	-20.06
Operating Cash Flow	100.47	40.34	269.87	72.9	-51.41
Operating Cash Flow Growth	149.09%	-85.05%	270.18%	-	-
Capital Expenditures	-60.9	-34.48	-34.94	-32.51	-21.21
Sale of Property, Plant & Equipment	-	-	0.05	-	-
Cash Acquisitions	-45.06	-	-	-88.73	-
Investing Cash Flow	-105.95	-34.48	-34.89	-121.24	-21.21
Long-Term Debt Issued	60.74	113.3	-	91.29	178.09
Total Debt Issued	60.74	113.3	-	91.29	178.09
Long-Term Debt Repaid	-32.16	-32.78	-171.82	-78.48	-37.14
Net Debt Issued (Repaid)	28.58	80.51	-171.82	12.81	140.96
Issuance of Common Stock	-	-	-	93.7	-
Common Dividends Paid	-30	-58	-42	-50	-70
Other Financing Activities	-	-24.93	-1.71	-1.39	-0.64
Financing Cash Flow	-1.42	-2.42	-215.53	55.13	70.32
Foreign Exchange Rate Adjustments	-7.12	-0.29	0.66	0.12	0.62
Net Cash Flow	-14.01	3.15	20.11	6.91	-1.68
Free Cash Flow	39.58	5.86	234.92	40.4	-72.62
Free Cash Flow Growth	575.92%	-97.51%	481.54%	-	-
Free Cash Flow Margin	4.28%	0.58%	23.47%	3.66%	-8.01%
Free Cash Flow Per Share	0.37	0.05	2.13	0.36	-0.71
Cash Interest Paid	15.03	11.99	12.68	8.43	3.56
Cash Income Tax Paid	5.21	8.43	10.72	19.61	14.62
Levered Free Cash Flow	15.68	-16.52	226.69	7.82	-85.16
Unlevered Free Cash Flow	26.82	-6.59	237.1	15.49	-80.58
Change in Working Capital	-1.41	-83.19	168.44	-47.33	-184.44

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