Mizrahi Tefahot Bank 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	2015 - 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	2015 - 2019
Net Income	5,532	5,455	4,910	4,472	3,188	1,610	Upgrade
Depreciation & Amortization	78	74	78	332	339	283	Upgrade
Other Amortization	211	211	333	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-241	-18	-41	Upgrade
Gain (Loss) on Sale of Investments	-120	-86	122	42	-173	-184	Upgrade
Provision for Credit Losses	308	519	1,463	532	-278	1,050	Upgrade
Change in Trading Asset Securities	-1,558	1,290	-1,320	-2,266	1,673	-413	Upgrade
Change in Other Net Operating Assets	2,875	-3,056	395	1,427	-2,318	2,483	Upgrade
Other Operating Activities	15,595	9,939	-2,505	-431	1,667	253	Upgrade
Operating Cash Flow	22,969	14,380	3,532	3,899	4,131	5,063	Upgrade
Operating Cash Flow Growth	397.16%	307.13%	-9.41%	-5.62%	-18.41%	78.09%	Upgrade
Capital Expenditures	-524	-606	-438	-391	-336	-288	Upgrade
Sale of Property, Plant and Equipment	-	-	-	532	35	73	Upgrade
Cash Acquisitions	-	-	-	-	-	10,280	Upgrade
Investment in Securities	-24,954	-13,846	-1,372	1,913	677	2,335	Upgrade
Income (Loss) Equity Investments	-14	-16	-1	-5	10	-1	Upgrade
Net Decrease (Increase) in Loans Originated / Sold - Investing	-37,612	-28,901	-18,647	-36,450	-25,495	-16,688	Upgrade
Investing Cash Flow	-63,090	-43,353	-20,457	-34,396	-25,119	-4,288	Upgrade
Long-Term Debt Issued	-	8,111	7,706	5,038	7,304	2,010	Upgrade
Long-Term Debt Repaid	-	-9,076	-4,411	-10,258	-2,741	-5,666	Upgrade
Net Debt Issued (Repaid)	4,664	-965	3,295	-5,220	4,563	-3,656	Upgrade
Common Dividends Paid	-2,335	-1,869	-1,390	-941	-1,236	-176	Upgrade
Net Increase (Decrease) in Deposit Accounts	26,662	27,949	7,931	34,414	26,924	39,359	Upgrade
Other Financing Activities	-40	-35	-	-15	-15	-	Upgrade
Financing Cash Flow	28,951	25,080	9,836	28,238	30,236	35,527	Upgrade
Foreign Exchange Rate Adjustments	-846	24	181	463	-52	-285	Upgrade
Net Cash Flow	-12,016	-3,869	-6,908	-1,796	9,196	36,017	Upgrade
Free Cash Flow	22,445	13,774	3,094	3,508	3,795	4,775	Upgrade
Free Cash Flow Growth	450.12%	345.18%	-11.80%	-7.56%	-20.52%	87.77%	Upgrade
Free Cash Flow Margin	156.41%	96.99%	23.23%	26.71%	35.81%	70.21%	Upgrade
Free Cash Flow Per Share	86.11	53.07	11.97	13.63	14.71	19.83	Upgrade
Cash Interest Paid	14,250	13,605	9,782	5,416	2,393	2,258	Upgrade
Cash Income Tax Paid	3,365	3,510	3,241	2,071	1,471	1,057	Upgrade

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