Enlight Renewable Energy Ltd. cash flow statement

In fiscal 2025, Enlight Renewable Energy Ltd.'s operations generated $283m of cash; it spent $1.81bn on capital projects, leaving free cash flow of −$1.53bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Enlight Renewable Energy Ltd.: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	39	52	90	192	255	283
Depreciation and amortisation	15	19	42	66	109	150
Stock-based pay	2	4	9	5	8	10
Capital spending	342	493	656	731	899	1,813
Free cash flow	−303	−441	−566	−539	−644	−1,530
Free cash flow after stock pay	−305	−445	−574	−544	−652	−1,540
Share buybacks	0	0	2	0	0	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Enlight Renewable Energy Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Enlight Renewable Energy Ltd.