Tgi Infrastructures Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	18.37	17.26	15.75	9.99	-19.56	-11.78
Depreciation & Amortization	14.12	14.6	16.18	6.61	5.55	11.14
Loss (Gain) From Sale of Assets	-0.11	-1.16	-0.06	-	-	-
Loss (Gain) From Sale of Investments	0.85	-1.35	0.05	2.28	0	-0.01
Stock-Based Compensation	0.2	0.38	0.45	-	0.03	0.06
Other Operating Activities	5.26	5.12	5.98	-1.79	9.97	2.15
Change in Accounts Receivable	-2.52	-1.19	2.89	6.11	-2.97	1.58
Change in Inventory	-1.81	-1.7	-0.61	2.01	-6.21	2.11
Change in Accounts Payable	2.89	0.77	-8.9	-4.04	8.23	2.29
Change in Other Net Operating Assets	-6.02	-4.37	5.61	-12.98	4.04	-2.92
Operating Cash Flow	29.69	22.27	14.01	2.17	-2.95	4.63
Operating Cash Flow Growth	29.69%	59.02%	546.68%	-	-	-36.70%
Capital Expenditures	-9.95	-12.68	-3.93	-0.28	-3.75	-0.43
Sale of Property, Plant & Equipment	0.11	1.38	0.28	-	0.24	2.16
Cash Acquisitions	-7.85	-	-0.15	-2.49	-	-
Investment in Securities	-1.23	-1.23	0.25	-0.25	0.21	-
Other Investing Activities	-	26.05	-4.08	-41.05	-	-0.22
Investing Cash Flow	-18.92	13.52	-7.63	-44.07	-3.3	1.51
Short-Term Debt Issued	-	3.33	-	20.35	-	-
Long-Term Debt Issued	-	22.02	10.03	15	20.14	-
Total Debt Issued	19.77	25.35	10.03	35.35	20.14	-
Short-Term Debt Repaid	-	-	-15.23	-	-9.54	-2.68
Long-Term Debt Repaid	-	-50.39	-19.02	-12.34	-2.45	-5.89
Total Debt Repaid	-13.19	-50.39	-34.25	-12.34	-11.98	-8.56
Net Debt Issued (Repaid)	6.59	-25.04	-24.23	23.01	8.15	-8.56
Issuance of Common Stock	11.84	-	-	54.24	-	-
Common Dividends Paid	-16.11	-17	-	-	-	-
Other Financing Activities	-	-0.47	-1	-5.4	-	-
Financing Cash Flow	2.32	-42.51	-25.23	71.85	8.15	-8.56
Foreign Exchange Rate Adjustments	-0.44	0.46	0.7	-0.41	-0.15	-0.23
Net Cash Flow	12.64	-6.25	-18.16	29.54	1.75	-2.66
Free Cash Flow	19.73	9.6	10.08	1.89	-6.7	4.2
Free Cash Flow Growth	50.09%	-4.82%	433.95%	-	-	2.17%
Free Cash Flow Margin	11.92%	5.90%	5.55%	2.60%	-9.46%	6.82%
Free Cash Flow Per Share	0.26	0.13	0.14	0.04	-0.16	0.10
Cash Interest Paid	3.45	3.8	5.85	2.53	1.48	1.79
Cash Income Tax Paid	0.19	0.24	0.49	-	-	-
Levered Free Cash Flow	0.06	32.97	10.09	-85.44	4.43	6.73
Unlevered Free Cash Flow	4.83	35.74	14.11	-84.53	5.43	8.37
Change in Working Capital	-7.46	-6.49	-1	-8.9	3.1	3.07

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.