K 
3,850.00
—
Close of 2 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 764.6m
FY2019FY2024
Net income
ILS 20.6m
FY2019FY2024
Free cash flow
−ILS 519.9m
FY2019FY2024
Shareholders' equity
ILS 1.85bn
FY2019FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Revenue | ILS 764.6m | ILS 897.6m | ILS 1.22bn | ILS 701.3m | ILS 490.3m | ILS 281.8m |
| Gross profit | ILS 221.8m | ILS 238.7m | ILS 609.9m | ILS 343.1m | ILS 205.4m | ILS 214.6m |
| Operating income | ILS 112.2m | ILS 144.3m | ILS 501.4m | ILS 201.1m | ILS 153.0m | ILS 171.3m |
| Net income | ILS 20.6m | ILS 47.7m | ILS 262.9m | ILS 53.5m | ILS 60.9m | ILS 57.1m |
| Diluted earnings per share | 0.33 | 0.81 | 4.69 | 1.40 | 1.60 | 1.49 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Total assets | ILS 6.93bn | ILS 6.27bn | ILS 6.06bn | ILS 3.94bn | ILS 2.64bn | — |
| Cash and short-term investments | ILS 429.6m | ILS 464.9m | ILS 454.7m | ILS 301.5m | ILS 328.4m | — |
| Total liabilities | ILS 5.08bn | ILS 4.45bn | ILS 4.32bn | ILS 2.93bn | ILS 2.24bn | — |
| Debt | ILS 3.98bn | ILS 3.37bn | ILS 2.89bn | ILS 1.61bn | ILS 1.19bn | — |
| Shareholders' equity | ILS 1.85bn | ILS 1.83bn | ILS 1.74bn | ILS 1.01bn | ILS 400.4m | — |
| Shares outstanding | 62m | 59m | 56m | 38m | 38m | 38m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Cash from operations | −ILS 518.1m | ILS 63.7m | −ILS 682.6m | −ILS 318.4m | ILS 157.8m | −ILS 170.6m |
| Capital spending | −ILS 1.8m | −ILS 462,000 | −ILS 1.3m | −ILS 95,000 | −ILS 384,000 | −ILS 231,000 |
| Free cash flow | −ILS 519.9m | ILS 63.2m | −ILS 683.9m | −ILS 318.5m | ILS 157.5m | −ILS 170.8m |
| Dividends paid | −ILS 9.6m | −ILS 52.6m | −ILS 35.0m | — | −ILS 5.3m | — |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 204.6m | ILS 188.6m | ILS 154.8m | ILS 158.5m | ILS 217.2m | ILS 206.1m | ILS 186.3m | ILS 218.5m |
| Gross profit | ILS 99.8m | ILS 95.8m | ILS 53.2m | ILS 32.9m | ILS 78.5m | ILS 76.1m | ILS 37.8m | ILS 55.2m |
| Operating income | ILS 71.2m | ILS 71.9m | ILS 29.5m | ILS 5.4m | ILS 43.4m | ILS 51.9m | ILS 15.0m | ILS 31.0m |
| Net income | ILS 28.0m | ILS 41.2m | ILS 2.3m | ILS 3.7m | ILS 5.5m | ILS 14.3m | −ILS 2.8m | ILS 20.5m |
| Diluted earnings per share | 0.46 | 0.63 | 0.03 | 0.06 | 0.08 | 0.23 | -0.05 | 0.35 |
| Total assets | ILS 7.38bn | ILS 7.12bn | ILS 7.14bn | ILS 6.93bn | ILS 7.07bn | ILS 6.36bn | ILS 6.21bn | ILS 6.27bn |
| Cash and short-term investments | ILS 561.5m | ILS 379.8m | ILS 367.5m | ILS 429.6m | ILS 393.2m | ILS 299.5m | ILS 390.1m | ILS 464.9m |
| Debt | ILS 3.85bn | ILS 3.64bn | ILS 3.79bn | ILS 3.92bn | ILS 3.99bn | ILS 3.46bn | ILS 3.31bn | ILS 3.30bn |
| Shareholders' equity | ILS 2.02bn | ILS 1.99bn | ILS 1.95bn | ILS 1.85bn | ILS 1.84bn | ILS 1.83bn | ILS 1.82bn | ILS 1.83bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 33.2% | 26.8% | 24.5% | 29.5% | 25.2% | 21.9% |
| Operating margin | 32.8% | 39.3% | 31.5% | 64.5% | 48.9% | 50.9% |
| Net margin | 9.7% | 2.8% | 5.3% | 30.3% | 11.2% | 16.7% |
| Return on equity | 3.0% | 1.1% | 2.6% | 15.1% | 5.3% | 15.2% |
| Return on assets | 0.8% | 0.3% | 0.8% | 4.3% | 1.4% | 2.3% |
| Free cash flow yield | -0.0% | -0.2% | 0.0% | -0.3% | -0.1% | 0.1% |
| Revenue growth | -18.4% | -16.6% | 3.6% | 80.7% | 31.3% | 297.4% |
| Earnings growth | 188.3% | -56.9% | -81.8% | 391.7% | -12.2% | 6.7% |
| Current ratio | 0.93x | 1.11x | 1.19x | 1.16x | 0.92x | 1.02x |
| Debt to equity | 1.96x | 2.14x | 1.83x | 1.66x | 1.79x | 3.55x |
| Equity ratio | 26.9% | 26.7% | 29.1% | 28.7% | 25.5% | 15.2% |
| Interest coverage | 3.08x | 1.23x | 6.01x | 5.39x | 3.29x | 3.46x |
| Buybacks as a share of market value | 7.8% | -17.5% | -0.4% | -1.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 22.1% | — |
| Operating income | -17.7% | -8.1% | — |
| Net income | -27.2% | -18.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.7% | 39.5% | 42.1% | — |
| Operating margin | 15.4% | 26.8% | 29.5% | — |
| Net margin | 4.1% | 10.7% | 11.5% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Price to earnings | 169.8 | 48.5 | 8.7 |
| Price to sales | 4.6 | 2.6 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 3 Apr 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.063 | 0.157 | 0.914 | 0.437 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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