TLV:ANLT Cash Flow Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	112.73	64.82	27.22	-12.33	23.98	Upgrade
Depreciation & Amortization	8.09	7.93	7.75	7.06	5.66	Upgrade
Loss (Gain) From Sale of Investments	-31.09	-30.48	-14.11	17.51	-26.62	Upgrade
Stock-Based Compensation	0.54	1.11	2.05	4.26	2.3	Upgrade
Other Operating Activities	-46.87	-47.76	-21.5	-21.85	-6.18	Upgrade
Change in Accounts Receivable	-19.41	-12.54	-6	-2.15	-3.95	Upgrade
Change in Accounts Payable	32.04	53.33	15.11	11.18	18.85	Upgrade
Operating Cash Flow	10.81	58.81	5.79	-3.26	22.2	Upgrade
Operating Cash Flow Growth	-81.63%	916.31%	-	-	120.18%	Upgrade
Capital Expenditures	-2.53	-1.62	-0.57	-1.63	-0.69	Upgrade
Sale (Purchase) of Intangibles	-5.47	-3.14	-2.82	-5.47	-2.74	Upgrade
Other Investing Activities	-0.01	0.64	-0.62	-0.03	0.03	Upgrade
Investing Cash Flow	-8.01	-4.11	-4.02	-7.12	-3.41	Upgrade
Long-Term Debt Repaid	-3.17	-2.96	-2.77	-2.55	-2.37	Upgrade
Net Debt Issued (Repaid)	-3.17	-2.96	-2.77	-2.55	-2.37	Upgrade
Issuance of Common Stock	124.06	0.04	0.03	0.11	0.06	Upgrade
Common Dividends Paid	-15.18	-11.63	-5.24	-5.24	-18.14	Upgrade
Financing Cash Flow	105.71	-14.55	-7.99	-7.68	-20.45	Upgrade
Foreign Exchange Rate Adjustments	-0.13	-0.04	-0.06	0.1	-0.08	Upgrade
Net Cash Flow	108.38	40.12	-6.28	-17.96	-1.73	Upgrade
Free Cash Flow	8.27	57.2	5.22	-4.89	21.51	Upgrade
Free Cash Flow Growth	-85.54%	996.17%	-	-	121.47%	Upgrade
Free Cash Flow Margin	1.61%	17.54%	2.63%	-3.10%	17.52%	Upgrade
Free Cash Flow Per Share	0.70	4.88	0.45	-0.42	1.86	Upgrade
Cash Interest Paid	0.51	0.61	0.69	0.77	0.82	Upgrade
Cash Income Tax Paid	44.43	24.97	16.65	15.71	14.66	Upgrade
Levered Free Cash Flow	133.65	107.07	40.18	22.73	27.82	Upgrade
Unlevered Free Cash Flow	133.97	107.45	40.61	23.2	28.34	Upgrade
Change in Working Capital	-32.6	63.19	4.37	2.08	23.06	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.