A 
46,850.00
+3.08%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 1.68bn
FY2016FY2025
Net income
ILS 77.0m
FY2016FY2025
Free cash flow
ILS 46.2m
FY2016FY2025
Shareholders' equity
ILS 660.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 1.68bn | ILS 1.78bn | ILS 2.15bn | ILS 2.09bn | ILS 2.11bn | ILS 1.73bn | ILS 1.67bn | ILS 1.59bn | ILS 1.50bn | ILS 1.44bn |
| Gross profit | ILS 264.6m | ILS 222.1m | ILS 159.0m | ILS 140.9m | ILS 228.3m | ILS 153.3m | ILS 130.4m | ILS 186.1m | ILS 201.8m | ILS 212.8m |
| Research and development | ILS 1.8m | ILS 4.9m | ILS 20.2m | ILS 6.6m | ILS 2.8m | ILS 5.0m | ILS 5.1m | ILS 4.9m | ILS 5.8m | ILS 4.5m |
| Operating income | ILS 155.9m | ILS 80.2m | ILS 34.2m | ILS 8.9m | ILS 185.0m | ILS 54.8m | ILS 3.1m | ILS 71.7m | ILS 83.9m | ILS 57.5m |
| Net income | ILS 77.0m | ILS 59.8m | −ILS 8.6m | −ILS 53.8m | ILS 119.4m | ILS 13.5m | −ILS 24.1m | ILS 44.2m | ILS 46.9m | ILS 43.9m |
| Diluted earnings per share | 14.28 | 11.29 | -1.69 | -10.45 | 23.61 | 2.63 | -4.68 | 9.36 | 9.94 | 9.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 2.12bn | ILS 1.95bn | ILS 1.86bn | ILS 1.86bn | ILS 1.95bn | ILS 1.87bn | ILS 1.69bn | ILS 1.53bn | ILS 1.43bn | ILS 1.46bn |
| Cash and short-term investments | ILS 295.4m | ILS 192.0m | ILS 197.9m | ILS 255.9m | ILS 508.3m | ILS 480.8m | ILS 284.8m | ILS 170.1m | ILS 226.7m | ILS 294.9m |
| Total liabilities | ILS 1.43bn | ILS 1.40bn | ILS 1.39bn | ILS 1.38bn | ILS 1.40bn | ILS 1.38bn | ILS 1.21bn | ILS 1.11bn | ILS 1.04bn | ILS 1.10bn |
| Debt | ILS 764.4m | ILS 662.5m | ILS 677.1m | ILS 653.6m | ILS 591.7m | ILS 681.5m | ILS 512.7m | ILS 446.8m | ILS 419.9m | ILS 460.6m |
| Shareholders' equity | ILS 660.3m | ILS 529.4m | ILS 450.9m | ILS 455.7m | ILS 535.3m | ILS 492.2m | ILS 474.1m | ILS 421.6m | ILS 383.9m | ILS 354.8m |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 63.6m | ILS 22.7m | ILS 72.3m | −ILS 130.0m | ILS 159.6m | ILS 76.2m | ILS 69.6m | ILS 19.1m | ILS 20.7m | ILS 179.5m |
| Capital spending | −ILS 17.4m | −ILS 18.1m | −ILS 19.3m | −ILS 16.7m | −ILS 24.3m | −ILS 23.5m | −ILS 30.0m | −ILS 33.4m | −ILS 17.5m | −ILS 30.8m |
| Free cash flow | ILS 46.2m | ILS 4.6m | ILS 52.9m | −ILS 146.7m | ILS 135.3m | ILS 52.7m | ILS 39.6m | −ILS 14.2m | ILS 3.2m | ILS 148.7m |
| Dividends paid | −ILS 20.0m | — | — | −ILS 50.0m | −ILS 48.0m | −ILS 48.0m | −ILS 48.0m | −ILS 10.0m | −ILS 15.0m | −ILS 25.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 464.0m | ILS 395.3m | ILS 427.0m | ILS 448.6m | ILS 392.3m | ILS 415.4m | ILS 440.0m | ILS 458.0m |
| Gross profit | ILS 83.9m | ILS 72.0m | ILS 72.4m | ILS 72.8m | ILS 63.0m | ILS 56.3m | ILS 47.8m | ILS 63.3m |
| Operating income | ILS 46.0m | ILS 35.3m | ILS 35.4m | ILS 36.6m | ILS 27.4m | ILS 20.5m | ILS 20.2m | ILS 23.6m |
| Net income | ILS 23.9m | ILS 22.9m | ILS 24.5m | ILS 23.3m | ILS 17.0m | ILS 12.2m | ILS 23.0m | ILS 14.1m |
| Diluted earnings per share | 4.20 | 4.03 | 4.54 | 4.32 | 3.15 | 2.27 | 4.33 | 2.67 |
| Cash from operations | −ILS 3.0m | ILS 54.0m | ILS 84.0m | ILS 13.0m | −ILS 6.0m | −ILS 26.0m | −ILS 1.0m | ILS 29.0m |
| Capital spending | −ILS 1.0m | — | −ILS 6.0m | −ILS 5.0m | −ILS 3.0m | −ILS 3.0m | −ILS 7.0m | −ILS 3.0m |
| Free cash flow | −ILS 4.0m | — | ILS 78.0m | ILS 8.0m | −ILS 9.0m | −ILS 29.0m | −ILS 8.0m | ILS 26.0m |
| Total assets | ILS 2.08bn | ILS 2.07bn | ILS 2.12bn | ILS 2.01bn | ILS 1.95bn | ILS 2.03bn | ILS 1.95bn | ILS 1.83bn |
| Cash and short-term investments | ILS 213.9m | ILS 249.3m | ILS 295.4m | ILS 155.9m | ILS 118.8m | ILS 160.1m | ILS 192.0m | ILS 113.0m |
| Debt | ILS 639.6m | ILS 639.2m | ILS 730.0m | ILS 717.5m | ILS 681.4m | ILS 672.8m | ILS 635.2m | ILS 563.4m |
| Shareholders' equity | ILS 679.5m | ILS 630.0m | ILS 660.3m | ILS 568.1m | ILS 539.4m | ILS 546.8m | ILS 529.4m | ILS 487.5m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.7% | 12.4% | 7.4% | 6.7% | 10.8% | 8.8% |
| Operating margin | 7.5% | 5.0% | 1.9% | -0.0% | 9.0% | 3.3% |
| Net margin | 4.6% | 3.4% | -0.4% | -2.6% | 5.7% | 0.8% |
| Return on equity | 11.7% | 11.3% | -1.9% | -11.8% | 22.3% | 2.7% |
| Return on assets | 3.6% | 3.1% | -0.5% | -2.9% | 6.1% | 0.7% |
| Free cash flow yield | 0.0% | 0.0% | 0.0% | -0.0% | 0.1% | 0.0% |
| Revenue growth | -5.6% | -17.2% | 2.9% | -0.9% | 21.8% | 3.5% |
| Earnings growth | 28.7% | -798.3% | -84.1% | -145.1% | 783.9% | -156.1% |
| Current ratio | 1.57x | 1.25x | 1.24x | 1.29x | 1.57x | 1.70x |
| Debt to equity | 1.11x | 1.20x | 1.45x | 1.43x | 1.08x | 1.38x |
| Equity ratio | 31.2% | 27.2% | 24.2% | 24.5% | 27.5% | 26.3% |
| Interest coverage | 3.05x | 2.37x | 0.99x | -0.02x | 5.02x | 2.15x |
| R&D as a share of sales | 0.1% | 0.3% | 0.9% | 0.3% | 0.1% | 0.3% |
| Buybacks as a share of market value | -1.8% | -4.3% | 1.4% | -1.8% | 1.7% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.0% | -0.6% | 2.4% |
| Operating income | 159.7% | 23.2% | 7.2% |
| Net income | — | 41.6% | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.0% | 10.2% | 10.1% | 11.0% |
| Operating margin | 6.8% | 3.6% | 4.5% | 4.3% |
| Net margin | 3.9% | 1.0% | 1.8% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 15.7 | -56.6 | -14.0 | 8.8 | 47.5 | -30.6 | 18.5 | 15.4 | 16.5 |
| Price to sales | 1.1 | 0.5 | 0.2 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 10 Apr 2026.
| FY2026 | FY2025 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 8.979 | 3.769 | 4.94 | 14.431 | 2.16 | 3.24 | 5.40 | 2.592 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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