Telsys 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	124.87	95.68	128.42	89.05	43.21	40.13
Depreciation & Amortization	7.2	20.68	16.7	17.61	16.36	15.1
Other Amortization	3.93	3.93	3.69	-	-	2.81
Loss (Gain) From Sale of Assets	-0	-0	-0.08	-0.03	-0.01	-0.01
Loss (Gain) From Sale of Investments	-0.83	-0.22	-0.02	-0	-0.03	-0.04
Stock-Based Compensation	2.63	3.46	2.95	1.35	-	-
Other Operating Activities	-10.9	-2.98	39.76	23.7	14.94	24.68
Change in Accounts Receivable	-19.77	5.94	5.11	-18.06	3.44	4.43
Change in Inventory	-5.21	22.5	-2.24	-51.69	-28.75	7.56
Change in Accounts Payable	29.89	-32.96	-19.26	30.39	27.27	-18.69
Change in Other Net Operating Assets	29.83	-2.16	-19.65	1.56	57.23	20.38
Operating Cash Flow	162.56	113.45	155.53	91.44	133	95.45
Operating Cash Flow Growth	18.31%	-27.06%	70.08%	-31.24%	39.34%	-24.91%
Capital Expenditures	-1.38	-1.39	-1.65	-4.05	-4.53	-4.18
Sale of Property, Plant & Equipment	0	0	0.36	0.12	0.17	0.08
Cash Acquisitions	-	-	-	-	-2.76	-5.95
Sale (Purchase) of Intangibles	-5.86	-4.71	-3.66	-3.79	-3.43	-3.18
Investment in Securities	0.48	-6	3.58	6.79	-2.72	0.96
Other Investing Activities	-	-	0.1	0.71	0.85	0.93
Investing Cash Flow	-6.75	-12.1	-1.28	-0.22	-12.42	-11.32
Long-Term Debt Issued	-	44.66	50.03	-	-	30
Total Debt Issued	7.6	44.66	50.03	-	-	30
Long-Term Debt Repaid	-	-41.61	-34.58	-22.71	-8.92	-32.86
Total Debt Repaid	-13.91	-41.61	-34.58	-22.71	-8.92	-32.86
Net Debt Issued (Repaid)	-6.31	3.05	15.44	-22.71	-8.92	-2.86
Issuance of Common Stock	0.39	-	69.62	-	0.93	0.05
Common Dividends Paid	-135	-90	-169.1	-61.9	-50.5	-46
Other Financing Activities	-0.43	0.72	-66.16	-30.26	-21.12	-42.14
Financing Cash Flow	-141.35	-86.23	-150.2	-114.87	-79.6	-90.95
Foreign Exchange Rate Adjustments	-8.95	-0.48	1.07	6.19	-2.23	-2.88
Net Cash Flow	5.51	14.63	5.12	-17.45	38.75	-9.7
Free Cash Flow	161.19	112.06	153.88	87.4	128.47	91.28
Free Cash Flow Growth	18.34%	-27.18%	76.07%	-31.97%	40.75%	-27.15%
Free Cash Flow Margin	36.61%	28.58%	28.04%	20.18%	48.24%	28.23%
Free Cash Flow Per Share	17.80	12.37	22.72	13.47	19.78	14.20
Cash Interest Paid	2.69	2.75	2.25	1.57	1.44	1.63
Cash Income Tax Paid	12.84	12.13	16.22	10.17	5.69	5.8
Levered Free Cash Flow	122.9	100.51	78.44	60.7	113.22	67.62
Unlevered Free Cash Flow	124.06	100.92	78.85	61.11	113.66	68.1
Change in Working Capital	35.66	-7.11	-35.89	-40.23	58.52	12.78

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