Investor Presentaiton

Income Statement (NIS millions) (NIS millions) Revenues 12/31/2022 23,105 For the period: 03/31/2022 5,866 חברת החשמל Israel Electric 03/31/2023 5,764 Cost of operating the electricity system Fuels 9,561 2,251 2,227 Purchases of electricity 5,933 1,541 1,292 Operation of the generation system 4,094 990 947 Operation of the transmission and distribution system and oth 2,840 722 773 Total costs 22,428 5,504 5,239 Profit from operating the electricity system 677 362 525 Other revenues, net (1,405) (3) (74) Sales and marketing expenses 819 193 202 Administrative and general expenses 856 203 208 Income from liabilities to pensioners (148) (32) (69) Reform agreement and other agreements results 212 58 62 Profit (loss) from current operations 343 (57) 196 Financial expenses, net Loss before income taxes Income from taxes on income Loss after income taxes 1,356 662 458 (1,013) (719) (262) (226) (163) (56) (787) (556) (206) Company's share of the profit of asociated companies 2 10 Loss before regulatory deferral accounts (787) (554) Movement in regulatory deferral accounts balances, net of tax 2,561 839 (196) 539 Profit for the period 1,774 285 343 Profit with respect to cash flow hedging, net of tax 60 54 Remeasurement of a defined benefit plan, net of tax 1,693 1,506 75 Movement in balances of regulatory deferral accounts balance (181) (56) (29) Comprehensive income for the period 3,346 1,735 443 Source: IEC's Financial Statements for Q1.2023 Investor Relations 40 40

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