Generation Capital 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	2018 - 2019
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	2018 - 2019
Net Income	130	90.11	277.2	175.45	229.87	256.07	Upgrade
Loss (Gain) From Sale of Investments	-117.52	-137.31	-360.41	-240.13	-221.33	-	Upgrade
Stock-Based Compensation	5.89	3.97	-	7.38	6.75	5.64	Upgrade
Other Operating Activities	83.86	73.45	127.18	89.68	67.87	-277.16	Upgrade
Change in Accounts Receivable	0.95	2.28	-9.41	-0.7	-0.36	-1.07	Upgrade
Change in Accounts Payable	18.18	17.68	-10.28	1.55	3.14	7.14	Upgrade
Operating Cash Flow	121.36	50.18	24.28	33.23	85.93	-9.39	Upgrade
Operating Cash Flow Growth	536.71%	106.68%	-26.93%	-61.33%	-	-	Upgrade
Investment in Securities	-84.11	-93.01	-298.6	-492.59	-840.67	-124.82	Upgrade
Other Investing Activities	9.36	-5.04	-10.08	11.5	-11.5	-409.97	Upgrade
Investing Cash Flow	-74.75	-98.04	-358.68	-481.09	-852.17	-394.79	Upgrade
Long-Term Debt Issued	-	595.04	530.31	881.97	639	124	Upgrade
Long-Term Debt Repaid	-	-592.88	-353.15	-198.5	-74	-	Upgrade
Net Debt Issued (Repaid)	-25.8	2.16	177.16	683.47	565	124	Upgrade
Issuance of Common Stock	-	-	-	-	163.14	144.19	Upgrade
Common Dividends Paid	-30	-	-	-55	-50	-	Upgrade
Other Financing Activities	-	-	-	-	-13.34	-9.38	Upgrade
Financing Cash Flow	-55.8	2.16	177.16	628.47	664.8	258.82	Upgrade
Net Cash Flow	-9.19	-45.7	-157.24	180.6	-101.45	-145.36	Upgrade
Cash Interest Paid	37.74	40.87	23.06	14.93	9.38	4.31	Upgrade
Levered Free Cash Flow	241.78	200.53	170.66	186.67	213.41	223.25	Upgrade
Unlevered Free Cash Flow	256.59	218.73	187.31	198.76	217.69	225.36	Upgrade
Change in Working Capital	19.13	19.96	-19.69	0.85	2.78	6.07	Upgrade

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