Tgi Infrastructures 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	15.96	17.26	15.75	9.99	-19.56
Depreciation & Amortization	14.03	14.6	16.18	6.61	5.55
Loss (Gain) From Sale of Assets	-0.11	-1.16	-0.06	-	-
Loss (Gain) From Sale of Investments	0.71	-1.35	0.05	2.28	0
Stock-Based Compensation	0.17	0.38	0.45	-	0.03
Other Operating Activities	6.97	5.12	5.98	-1.79	9.97
Change in Accounts Receivable	1.21	-1.19	2.89	6.11	-2.97
Change in Inventory	0.66	-1.7	-0.61	2.01	-6.21
Change in Accounts Payable	-2.06	0.77	-8.9	-4.04	8.23
Change in Other Net Operating Assets	0.22	-4.37	5.61	-12.98	4.04
Operating Cash Flow	36.61	22.27	14.01	2.17	-2.95
Operating Cash Flow Growth	64.36%	59.02%	546.68%	-	-
Capital Expenditures	-7.56	-12.68	-3.93	-0.28	-3.75
Sale of Property, Plant & Equipment	0.11	1.38	0.28	-	0.24
Cash Acquisitions	-7.85	-	-0.15	-2.49	-
Investment in Securities	-	-1.23	0.25	-0.25	0.21
Other Investing Activities	-	26.05	-4.08	-41.05	-
Investing Cash Flow	-15.3	13.52	-7.63	-44.07	-3.3
Short-Term Debt Issued	3.86	3.33	-	20.35	-
Long-Term Debt Issued	8.3	22.02	10.03	15	20.14
Total Debt Issued	12.16	25.35	10.03	35.35	20.14
Short-Term Debt Repaid	-	-	-15.23	-	-9.54
Long-Term Debt Repaid	-15.16	-50.39	-19.02	-12.34	-2.45
Total Debt Repaid	-15.16	-50.39	-34.25	-12.34	-11.98
Net Debt Issued (Repaid)	-3	-25.04	-24.23	23.01	8.15
Issuance of Common Stock	11.84	-	-	54.24	-
Common Dividends Paid	-15.11	-17	-	-	-
Other Financing Activities	-	-0.47	-1	-5.4	-
Financing Cash Flow	-6.27	-42.51	-25.23	71.85	8.15
Foreign Exchange Rate Adjustments	-0.2	0.46	0.7	-0.41	-0.15
Net Cash Flow	14.84	-6.25	-18.16	29.54	1.75
Free Cash Flow	29.05	9.6	10.08	1.89	-6.7
Free Cash Flow Growth	202.77%	-4.82%	433.95%	-	-
Free Cash Flow Margin	17.93%	5.90%	5.55%	2.60%	-9.46%
Free Cash Flow Per Share	0.38	0.13	0.14	0.04	-0.16
Cash Interest Paid	-	3.8	5.85	2.53	1.48
Cash Income Tax Paid	-	0.24	0.49	-	-
Levered Free Cash Flow	16.66	32.97	10.09	-85.44	4.43
Unlevered Free Cash Flow	20.4	35.74	14.11	-84.53	5.43
Change in Working Capital	0.04	-6.49	-1	-8.9	3.1

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