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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	45	59.03	26.91	29.31
Depreciation & Amortization	41.9	36.64	30.04	24.94
Stock-Based Compensation	0.76	0.56	0.97	0.75
Other Operating Activities	6	5.76	-2.82	-9.7
Change in Accounts Receivable	8	-2.77	-8.46	-3.11
Change in Inventory	-65.99	-25.4	1.19	-26.05
Change in Unearned Revenue	0.3	0.27	0.16	0.13
Change in Other Net Operating Assets	-1.29	-5.82	4.98	1.07
Operating Cash Flow	34.66	68.27	52.98	17.33
Operating Cash Flow Growth	99.97%	28.88%	205.63%	-
Capital Expenditures	-30.28	-21.6	-9.76	-8.28
Sale (Purchase) of Intangibles	-0.06	-0.06	-0.03	-
Other Investing Activities	-0.26	-0.08	-0.08	0.38
Investing Cash Flow	-30.6	-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)	-24.89	-53.51	12.73	-22.15
Common Dividends Paid	-190.02	-40.08	-10	-30
Financing Cash Flow	184.95	-93.6	2.73	-52.15
Net Cash Flow	189.01	-47.06	45.84	-42.71
Free Cash Flow	4.38	46.67	43.22	9.06
Free Cash Flow Growth	-51.66%	7.99%	377.24%	-
Free Cash Flow Per Share	0.06	0.71	0.66	0.14
Cash Interest Paid	22.7	19.63	17.83	15.17
Cash Income Tax Paid	13.11	12.39	11.73	14.18
Levered Free Cash Flow	-	-342.47	-	-
Unlevered Free Cash Flow	-	-329.54	-	-
Change in Working Capital	-59	-33.72	-2.12	-27.96

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