Urbanica (Palo) Retail 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	58.89	59.03	26.91	29.31
Depreciation & Amortization	38.64	36.64	30.04	24.94
Stock-Based Compensation	0.59	0.56	0.97	0.75
Other Operating Activities	4.06	5.76	-2.82	-9.7
Change in Accounts Receivable	1.2	-2.77	-8.46	-3.11
Change in Inventory	-32.57	-25.4	1.19	-26.05
Change in Unearned Revenue	0.29	0.27	0.16	0.13
Change in Other Net Operating Assets	-6.2	-5.82	4.98	1.07
Operating Cash Flow	64.9	68.27	52.98	17.33
Operating Cash Flow Growth	-	28.88%	205.63%	-
Capital Expenditures	-25.44	-21.6	-9.76	-8.28
Sale (Purchase) of Intangibles	-0.05	-0.06	-0.03	-
Other Investing Activities	-0.05	-0.08	-0.08	0.38
Investing Cash Flow	-25.54	-21.73	-9.87	-7.9
Long-Term Debt Issued	-	-	30	-
Long-Term Debt Repaid	-	-53.51	-17.27	-22.15
Net Debt Issued (Repaid)	-24.31	-53.51	12.73	-22.15
Common Dividends Paid	-40.08	-40.08	-10	-30
Financing Cash Flow	-65.61	-93.6	2.73	-52.15
Net Cash Flow	-26.25	-47.06	45.84	-42.71
Free Cash Flow	39.45	46.67	43.22	9.06
Free Cash Flow Growth	-	7.99%	377.24%	-
Free Cash Flow Per Share	0.60	0.71	0.66	0.14
Cash Interest Paid	20.15	19.63	17.83	15.17
Cash Income Tax Paid	13.77	12.39	11.73	14.18
Levered Free Cash Flow	-	-342.47	-	-
Unlevered Free Cash Flow	-	-329.54	-	-
Change in Working Capital	-37.29	-33.72	-2.12	-27.96

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