A 
4,000.00
+2.56%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 458.7m
FY2016FY2025
Net income
ILS 56.8m
FY2016FY2025
Free cash flow
ILS 49.9m
FY2016FY2025
Shareholders' equity
ILS 562.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 458.7m | ILS 393.6m | ILS 326.7m | ILS 315.9m | ILS 342.1m | ILS 307.4m | ILS 297.5m | ILS 344.4m | ILS 356.8m | ILS 344.0m |
| Gross profit | ILS 103.6m | ILS 84.6m | ILS 65.7m | ILS 55.1m | ILS 41.2m | ILS 29.8m | ILS 38.9m | ILS 12.6m | ILS 26.9m | ILS 27.9m |
| Research and development | ILS 287,000 | — | — | ILS 95,000 | ILS 304,000 | ILS 715,000 | ILS 895,000 | ILS 960,000 | ILS 782,000 | ILS 583,000 |
| Operating income | ILS 73.9m | ILS 54.3m | ILS 42.0m | ILS 21.5m | ILS 20.9m | ILS 5.4m | ILS 14.5m | −ILS 8.0m | ILS 4.8m | ILS 3.5m |
| Net income | ILS 56.8m | ILS 27.8m | ILS 12.7m | ILS 16.7m | ILS 16.3m | ILS 2.6m | ILS 13.9m | −ILS 15.7m | −ILS 1.3m | −ILS 860,000 |
| Diluted earnings per share | 2.36 | 1.17 | 0.52 | 0.71 | 0.69 | 0.11 | 0.59 | -0.68 | -0.06 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 1.03bn | ILS 767.7m | ILS 680.6m | ILS 593.0m | ILS 535.0m | ILS 581.3m | ILS 564.0m | ILS 608.2m | ILS 629.2m | ILS 674.4m |
| Cash and short-term investments | ILS 6.2m | ILS 16.4m | ILS 5.0m | ILS 10.7m | ILS 3.6m | ILS 14.3m | ILS 5.4m | ILS 4.7m | ILS 7.8m | ILS 21.1m |
| Total liabilities | ILS 469.9m | ILS 337.6m | ILS 283.9m | ILS 209.4m | ILS 266.4m | ILS 337.4m | ILS 284.0m | ILS 355.2m | ILS 386.4m | ILS 450.8m |
| Debt | ILS 69.0m | ILS 88.8m | ILS 91.0m | ILS 74.6m | ILS 98.9m | ILS 89.9m | ILS 49.9m | ILS 45.9m | ILS 14.3m | ILS 16.7m |
| Shareholders' equity | ILS 562.5m | ILS 430.1m | ILS 396.6m | ILS 383.6m | ILS 268.5m | ILS 243.9m | ILS 280.1m | ILS 253.0m | ILS 242.8m | ILS 223.5m |
| Shares outstanding | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 23m | 22m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 78.6m | ILS 96.0m | ILS 25.9m | ILS 22.2m | −ILS 15.4m | −ILS 12.4m | −ILS 14.5m | −ILS 15.3m | −ILS 4.6m | −ILS 4.7m |
| Capital spending | −ILS 28.6m | −ILS 12.9m | −ILS 17.1m | −ILS 14.0m | −ILS 11.7m | −ILS 18.5m | −ILS 17.2m | −ILS 16.4m | −ILS 6.8m | −ILS 6.8m |
| Free cash flow | ILS 49.9m | ILS 83.2m | ILS 8.9m | ILS 8.2m | −ILS 27.1m | −ILS 30.9m | −ILS 31.7m | −ILS 31.7m | −ILS 11.4m | −ILS 11.4m |
| Dividends paid | −ILS 40.0m | −ILS 28.6m | −ILS 20.0m | −ILS 3.5m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 123.2m | ILS 126.7m | ILS 113.2m | ILS 105.0m | ILS 119.0m | ILS 121.5m | ILS 108.1m | ILS 100.1m |
| Gross profit | ILS 27.5m | ILS 28.2m | ILS 25.8m | ILS 26.2m | ILS 26.5m | ILS 25.9m | ILS 22.0m | ILS 22.6m |
| Operating income | ILS 19.9m | ILS 20.4m | ILS 18.1m | ILS 18.6m | ILS 18.7m | ILS 18.7m | ILS 13.8m | ILS 14.7m |
| Net income | ILS 19.4m | ILS 18.2m | ILS 11.6m | ILS 15.8m | ILS 14.7m | ILS 14.7m | −ILS 9.6m | ILS 11.4m |
| Diluted earnings per share | 0.46 | 0.43 | 0.48 | 0.66 | 0.61 | 0.61 | -0.40 | 0.48 |
| Cash from operations | ILS 18.0m | ILS 24.0m | ILS 5.0m | ILS 34.0m | ILS 13.0m | ILS 28.0m | ILS 16.0m | −ILS 9.0m |
| Capital spending | −ILS 3.0m | −ILS 1.0m | −ILS 7.0m | −ILS 2.0m | −ILS 5.0m | −ILS 13.0m | −ILS 5.0m | −ILS 2.0m |
| Free cash flow | ILS 15.0m | ILS 23.0m | −ILS 2.0m | ILS 32.0m | ILS 8.0m | ILS 15.0m | ILS 11.0m | −ILS 11.0m |
| Total assets | ILS 1.10bn | ILS 1.11bn | ILS 1.03bn | ILS 795.4m | ILS 807.5m | ILS 797.1m | ILS 767.7m | ILS 788.3m |
| Cash and short-term investments | ILS 139.9m | ILS 141.9m | ILS 6.2m | ILS 20.4m | ILS 26.3m | ILS 17.8m | ILS 16.4m | ILS 23.4m |
| Debt | ILS 30.4m | ILS 46.4m | ILS 54.9m | ILS 50.5m | ILS 77.7m | ILS 59.9m | ILS 70.9m | ILS 71.6m |
| Shareholders' equity | ILS 318.5m | ILS 306.9m | ILS 562.5m | ILS 449.1m | ILS 443.5m | ILS 445.2m | ILS 430.1m | ILS 434.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 8.3% | 3.0% |
| Operating income | 50.9% | 68.8% | 15.3% |
| Net income | 50.4% | 85.2% | 13.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.1% | 20.7% | 17.7% | 13.6% |
| Operating margin | 15.0% | 12.8% | 10.2% | 6.5% |
| Net margin | 9.9% | 7.6% | 6.2% | 3.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.5 | 43.8 | 49.7 | 19.5 | 22.5 | 103.1 | 14.8 | -14.0 | -128.2 | -191.3 |
| Price to sales | 4.3 | 3.1 | 1.9 | 1.0 | 1.1 | 0.9 | 0.7 | 0.6 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 1 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 1.67 | 0.969 | 0.848 | 0.148 | 0.127 | 0.255 |
- 1.119-for-1 split · 25 Aug 2013
- 1.433-for-1 split · 11 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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