TLV:SMNR 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	20.53	-9.69	20.71	71.7	67.29
Depreciation & Amortization	0.38	0.28	0.37	0.39	2.36
Gain (Loss) on Sale of Assets	-	0.03	0.12	-	-2.4
Gain (Loss) on Sale of Investments	-0.11	-1.59	-3.43	11.42	-0.57
Asset Writedown	-26.54	11.46	-27.78	-114.91	-27
Stock-Based Compensation	1.38	-	-	-	-
Change in Accounts Receivable	9.19	-6.12	-3.04	0.89	58.12
Change in Accounts Payable	0.58	0.11	-5.44	3.52	-23.17
Change in Other Net Operating Assets	3.12	-3.34	-0.05	-0.77	-6.03
Other Operating Activities	8.18	-3.35	6.91	31.68	55.86
Operating Cash Flow	16.71	-12.22	-11.64	3.92	187.84
Operating Cash Flow Growth	-	-	-	-97.91%	1214.69%
Acquisition of Real Estate Assets	-253.68	-155.85	-39.1	-3.94	-8.33
Sale of Real Estate Assets	-	0.01	0.05	-	2.4
Net Sale / Acq. of Real Estate Assets	-253.68	-155.83	-39.06	-3.94	-5.94
Cash Acquisition	-	-	0.12	-	-
Investment in Marketable & Equity Securities	-	49.07	39.01	-0.6	-94.91
Other Investing Activities	23.62	-24.47	-2.59	-	-
Investing Cash Flow	-230.07	-127.29	-2.52	-4.54	-100.85
Short-Term Debt Issued	-	36.18	-	-	-
Long-Term Debt Issued	269.09	116.3	10.8	-	-
Total Debt Issued	269.09	152.48	10.8	-	-
Short-Term Debt Repaid	-	-	-	-	-17.52
Long-Term Debt Repaid	-65.48	-0.2	-0.25	-0.32	-64.14
Total Debt Repaid	-65.48	-0.2	-0.25	-0.32	-81.66
Net Debt Issued (Repaid)	203.61	152.28	10.55	-0.32	-81.66
Net Cash Flow	-9.75	12.77	-3.61	-0.94	5.33
Cash Interest Paid	-	0.94	0.04	0.04	4.8
Cash Income Tax Paid	-	0.03	0.03	-7.6	7.86
Levered Free Cash Flow	31.01	-19.85	-19.5	8.29	71.24
Unlevered Free Cash Flow	36.68	-18.84	-19.44	8.34	73.05
Change in Working Capital	12.89	-9.35	-8.53	3.64	92.3

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