E.N. Shoham Business 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	42.75	38.39	38.02	36.32	23.18
Depreciation & Amortization	0.42	0.42	0.38	0.38	0.36
Other Amortization	3.14	3.02	1.45	1.61	1.08
Loss (Gain) From Sale of Assets	-	-	-	-	0.01
Loss (Gain) From Sale of Investments	0.46	-0.63	-	-	-
Stock-Based Compensation	0.45	-	-	0.04	0.58
Provision & Write-off of Bad Debts	18.32	11.77	21.16	7	0.85
Other Operating Activities	-0.15	3.09	-3.22	-0.22	1.54
Change in Accounts Receivable	1.24	-0.27	0.53	-0.31	-0.93
Change in Accounts Payable	-0.03	0.02	-0.06	0.06	0.05
Change in Income Taxes	-10.27	-15.04	7.59	3.67	-3.6
Change in Other Net Operating Assets	-141.11	-50.66	76.12	-98.76	-242.27
Operating Cash Flow	-84.79	-9.87	141.96	-50.22	-219.15
Capital Expenditures	-0.04	-0.01	-0.04	-0.03	-0.02
Sale of Property, Plant & Equipment	-	-	-	-	0.02
Investment in Securities	0.01	0.49	-	-	-
Other Investing Activities	-	-0.01	-	-0	-0
Investing Cash Flow	-0.03	0.47	-0.04	-0.04	-0.01
Short-Term Debt Issued	-	-	-	-	87
Long-Term Debt Issued	192.7	199.48	-	48.46	296.71
Total Debt Issued	192.7	199.48	-	48.46	383.71
Long-Term Debt Repaid	-86.69	-116.39	-128.7	-60.34	-79.69
Total Debt Repaid	-86.69	-116.39	-128.7	-60.34	-79.69
Net Debt Issued (Repaid)	106.01	83.09	-128.7	-11.88	304.02
Issuance of Common Stock	-	1.58	-	-	17.93
Repurchase of Common Stock	-0.99	-6.22	-8.16	-0.63	-
Common Dividends Paid	-19.99	-20	-	-10	-10
Financing Cash Flow	85.02	58.44	-136.86	-22.51	311.94
Net Cash Flow	0.21	49.04	5.06	-72.76	92.79
Free Cash Flow	-84.83	-9.89	141.92	-50.25	-219.17
Free Cash Flow Margin	-50.50%	-7.33%	103.79%	-52.65%	-369.49%
Free Cash Flow Per Share	-2.26	-0.26	3.65	-1.26	-5.83
Cash Interest Paid	-	50.71	52.75	22.1	15.1
Cash Income Tax Paid	-	26.6	9.41	9.1	11.32
Levered Free Cash Flow	-87.1	-60.6	66.23	-125.37	-224.41
Unlevered Free Cash Flow	-41.18	-37.73	87.64	-112.32	-215.82
Change in Working Capital	-150.18	-65.95	84.17	-95.34	-246.75

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