A
3,258.00
+5.03%
Close of 9 Nov 2026, in ILA
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At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 1.58bn
FY2021FY2025
Net income
ILS 156.5m
FY2021FY2025
Free cash flow
−ILS 1.01bn
FY2021FY2025
Shareholders' equity
ILS 1.48bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ILS 1.58bn | ILS 1.08bn | ILS 788.8m | ILS 1.01bn | ILS 421.6m |
| Gross profit | ILS 329.4m | ILS 287.8m | ILS 306.3m | ILS 332.6m | ILS 131.6m |
| Operating income | ILS 249.9m | ILS 223.7m | ILS 256.9m | ILS 438.0m | ILS 107.0m |
| Net income | ILS 156.5m | ILS 115.1m | ILS 149.6m | ILS 264.4m | ILS 123.4m |
| Diluted earnings per share | 1.99 | 1.53 | 1.99 | 3.53 | 1.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ILS 6.53bn | ILS 5.24bn | ILS 4.14bn | ILS 3.88bn | ILS 2.77bn |
| Cash and short-term investments | — | — | — | ILS 85.4m | ILS 183.2m |
| Total liabilities | ILS 4.98bn | ILS 3.99bn | ILS 3.30bn | ILS 3.23bn | ILS 2.37bn |
| Debt | ILS 1.35bn | ILS 3.11bn | ILS 2.91bn | ILS 2.69bn | ILS 1.94bn |
| Shareholders' equity | ILS 1.48bn | ILS 1.20bn | ILS 795.9m | ILS 646.3m | ILS 404.9m |
| Shares outstanding | 79m | 75m | 75m | 75m | 75m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −ILS 978.8m | −ILS 222.1m | −ILS 180.8m | −ILS 593.3m | −ILS 1.19bn |
| Capital spending | −ILS 29.0m | −ILS 45.5m | −ILS 17.2m | −ILS 9.0m | −ILS 6.2m |
| Free cash flow | −ILS 1.01bn | −ILS 267.6m | −ILS 198.0m | −ILS 602.3m | −ILS 1.19bn |
| Dividends paid | — | −ILS 20.0m | — | −ILS 23.0m | −ILS 2.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 367.2m | ILS 406.9m | ILS 488.2m | ILS 384.2m | ILS 333.1m | ILS 376.5m | ILS 374.3m | ILS 296.4m |
| Gross profit | ILS 72.4m | ILS 78.0m | ILS 86.4m | ILS 89.7m | ILS 70.8m | ILS 82.5m | ILS 95.9m | ILS 76.3m |
| Operating income | ILS 49.2m | ILS 60.7m | ILS 65.8m | ILS 67.8m | ILS 51.5m | ILS 64.8m | ILS 78.6m | ILS 60.6m |
| Net income | ILS 152.9m | ILS 13.0m | ILS 84.1m | ILS 20.9m | ILS 21.3m | ILS 30.1m | ILS 53.2m | ILS 32.5m |
| Diluted earnings per share | 1.94 | 0.16 | 1.07 | 0.27 | 0.27 | 0.38 | 0.71 | 0.43 |
| Cash from operations | −ILS 361.0m | −ILS 962.0m | −ILS 294.0m | −ILS 18.0m | −ILS 6.0m | −ILS 659.0m | ILS 124.0m | −ILS 359.0m |
| Capital spending | −ILS 3.0m | −ILS 4.0m | −ILS 5.0m | −ILS 10.0m | −ILS 3.0m | −ILS 9.0m | −ILS 18.0m | −ILS 13.0m |
| Free cash flow | −ILS 364.0m | −ILS 966.0m | −ILS 299.0m | −ILS 28.0m | −ILS 9.0m | −ILS 668.0m | ILS 106.0m | −ILS 372.0m |
| Total assets | ILS 7.60bn | ILS 7.46bn | ILS 6.53bn | ILS 6.33bn | ILS 6.18bn | ILS 6.14bn | ILS 5.24bn | ILS 5.11bn |
| Cash and short-term investments | — | — | — | — | — | — | — | ILS 161.9m |
| Debt | ILS 1.78bn | ILS 2.10bn | ILS 1.35bn | ILS 1.76bn | ILS 1.54bn | ILS 1.56bn | ILS 877.3m | ILS 3.12bn |
| Shareholders' equity | ILS 1.65bn | ILS 1.50bn | ILS 1.48bn | ILS 1.40bn | ILS 1.38bn | ILS 1.36bn | ILS 1.20bn | ILS 1.15bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Gross margin | 20.8% | 26.6% | 38.8% | 32.9% |
| Operating margin | 22.5% | 24.0% | 33.8% | 43.5% |
| Net margin | 9.9% | 10.7% | 19.0% | 26.1% |
| Return on equity | 10.5% | 9.6% | 18.8% | — |
| Return on assets | 2.4% | 2.2% | 3.6% | — |
| Free cash flow yield | -0.3% | -0.1% | — | — |
| Revenue growth | 46.4% | 37.0% | -22.1% | — |
| Earnings growth | 36.0% | -23.0% | -43.4% | — |
| Current ratio | 1.11x | 1.04x | 1.05x | — |
| Debt to equity | 0.91x | 0.73x | 0.61x | — |
| Equity ratio | 22.7% | 22.9% | 19.2% | — |
| Interest coverage | 2.55x | 2.57x | 5.80x | 5.26x |
| Buybacks as a share of market value | -5.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.0% | — | — |
| Operating income | -17.1% | — | — |
| Net income | -16.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.2% | 28.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 20.1 | 22.8 |
| Price to sales | 2.0 | 2.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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