TSG IT Advanced Systems 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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	15.1	9.93	10.92	-9.88
Depreciation & Amortization	20.66	16.64	16.05	12.39
Other Amortization	2.42	2.42	1.6	0.77
Stock-Based Compensation	7.49	8.49	0.51	1.61
Other Operating Activities	12.01	10.54	10.13	0.1
Change in Accounts Receivable	5.29	-10.79	-7.01	22.11
Change in Accounts Payable	8.49	1.53	1.21	-19.71
Change in Other Net Operating Assets	-14.42	1.6	-1.68	26.44
Operating Cash Flow	57.04	40.35	31.73	33.84
Operating Cash Flow Growth	50.79%	27.16%	-6.22%	-
Capital Expenditures	-3.93	-2.25	-3.89	-20.68
Cash Acquisitions	-29.71	-32.02	-30.9	-61.22
Other Investing Activities	9.53	24.67	43.99	-66.95
Investing Cash Flow	-27.15	-9.6	9.2	-148.85
Short-Term Debt Issued	-	-	-	21
Long-Term Debt Issued	-	-	-	140
Total Debt Issued	40	-	-	161
Short-Term Debt Repaid	-	-	-21	-
Long-Term Debt Repaid	-	-30.56	-10.45	-9.48
Total Debt Repaid	-27.5	-30.56	-31.45	-9.48
Net Debt Issued (Repaid)	12.5	-30.56	-31.45	151.53
Issuance of Common Stock	0.1	57.09	-	-
Other Financing Activities	-27.22	-13.48	-14.1	-1.73
Financing Cash Flow	-19.62	13.05	-45.55	149.8
Foreign Exchange Rate Adjustments	-0.31	0.71	0.69	1.54
Net Cash Flow	9.96	44.53	-3.93	36.33
Free Cash Flow	53.12	38.11	27.84	13.15
Free Cash Flow Growth	54.29%	36.88%	111.65%	-
Free Cash Flow Margin	13.24%	11.83%	9.42%	5.31%
Free Cash Flow Per Share	21.08	16.83	13.11	6.51
Cash Interest Paid	8.89	8.89	9.24	3.6
Cash Income Tax Paid	1.08	1.08	1.97	2.86
Levered Free Cash Flow	93.88	109.32	59.48	-
Unlevered Free Cash Flow	101.8	116.06	66.42	-
Change in Working Capital	-0.63	-7.66	-7.48	28.84

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