TLV:JCFN 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
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
Net Income	82.46	69.53	56.81	47.49	24.33	Upgrade
Depreciation & Amortization	0.02	0.02	0.07	0.07	0.06	Upgrade
Provision for Credit Losses	-2.09	0.22	2.87	6.56	2.17	Upgrade
Change in Accounts Payable	1.28	0.5	0.18	0.46	1.73	Upgrade
Change in Income Taxes	-1.08	0.18	1.42	-7.68	7.93	Upgrade
Change in Other Net Operating Assets	-91.18	-60.47	-77.85	-195.65	-54.67	Upgrade
Other Operating Activities	0.63	0.63	0.17	-0.62	0.22	Upgrade
Operating Cash Flow	-9.96	10.61	-16.34	-149.38	-18.23	Upgrade
Capital Expenditures	-0.06	-0.01	-0.01	-0.01	-0.08	Upgrade
Investing Cash Flow	-0.06	-0.01	-0.01	-0.01	-0.08	Upgrade
Issuance of Common Stock	-	-	-	164.78	6.5	Upgrade
Other Financing Activities	-	-	0.22	-	-	Upgrade
Financing Cash Flow	-	-	0.22	164.78	6.5	Upgrade
Net Cash Flow	-10.02	10.6	-16.13	15.4	-11.81	Upgrade
Free Cash Flow	-10.02	10.6	-16.35	-149.39	-18.31	Upgrade
Free Cash Flow Margin	-8.50%	10.70%	-19.84%	-212.54%	-52.56%	Upgrade
Free Cash Flow Per Share	-0.41	0.43	-0.67	-6.09	-2.70	Upgrade
Cash Interest Paid	110.56	71.89	66.63	29.33	17.74	Upgrade
Cash Income Tax Paid	-23.31	-21.32	-16.68	-23.71	-	Upgrade

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