B 
1,425.00
+0.85%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 727.4m
FY2016FY2025
Net income
ILS 25.9m
FY2016FY2025
Free cash flow
−ILS 82.2m
FY2016FY2025
Shareholders' equity
ILS 273.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 727.4m | ILS 684.6m | ILS 680.7m | ILS 386.9m | ILS 373.4m | ILS 362.5m | ILS 375.9m | ILS 391.6m | ILS 571.9m | ILS 573.2m |
| Gross profit | ILS 84.7m | ILS 99.7m | ILS 87.6m | ILS 47.9m | ILS 58.4m | ILS 68.7m | ILS 61.7m | ILS 66.3m | ILS 88.5m | ILS 49.6m |
| Research and development | — | — | — | — | — | ILS 636,000 | — | — | — | — |
| Operating income | ILS 41.7m | ILS 58.8m | ILS 47.1m | ILS 25.6m | ILS 18.9m | ILS 23.9m | ILS 10.5m | ILS 9.8m | ILS 34.5m | −ILS 27.2m |
| Net income | ILS 25.9m | ILS 41.9m | ILS 42.8m | ILS 14.2m | ILS 15.2m | ILS 9.9m | ILS 3.5m | ILS 573,000 | ILS 17.3m | −ILS 36.8m |
| Diluted earnings per share | 1.08 | 1.80 | 1.73 | 0.66 | 0.74 | 0.47 | 0.20 | 0.04 | 1.27 | -2.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 912.2m | ILS 784.2m | ILS 729.7m | ILS 556.1m | ILS 335.4m | ILS 351.6m | ILS 318.9m | ILS 303.1m | ILS 322.6m | ILS 362.8m |
| Cash and short-term investments | ILS 92.5m | ILS 129.6m | ILS 71.3m | ILS 67.7m | ILS 80.9m | ILS 70.5m | ILS 17.2m | ILS 41.0m | ILS 49.4m | ILS 40.0m |
| Total liabilities | ILS 614.2m | ILS 497.6m | ILS 495.3m | ILS 365.3m | ILS 203.8m | ILS 228.3m | ILS 235.4m | ILS 219.0m | ILS 239.0m | ILS 285.9m |
| Debt | ILS 264.4m | ILS 196.8m | ILS 178.6m | ILS 158.7m | ILS 97.1m | ILS 131.2m | ILS 106.9m | ILS 89.1m | ILS 105.1m | ILS 100.2m |
| Shareholders' equity | ILS 273.6m | ILS 264.3m | ILS 208.8m | ILS 165.4m | ILS 129.7m | ILS 121.2m | ILS 81.3m | ILS 82.1m | ILS 82.1m | ILS 75.1m |
| Shares outstanding | 24m | 23m | 25m | 22m | 20m | 21m | 17m | 13m | 14m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −ILS 42.1m | ILS 36.6m | ILS 23.4m | ILS 68.2m | ILS 26.6m | ILS 13.9m | −ILS 11.2m | ILS 6.0m | −ILS 1.4m | ILS 24.2m |
| Capital spending | −ILS 40.1m | −ILS 21.9m | −ILS 16.5m | −ILS 33.4m | −ILS 1.9m | −ILS 1.9m | −ILS 1.4m | −ILS 1.5m | −ILS 1.5m | −ILS 3.3m |
| Free cash flow | −ILS 82.2m | ILS 14.6m | ILS 6.9m | ILS 34.9m | ILS 24.8m | ILS 12.0m | −ILS 12.6m | ILS 4.5m | −ILS 2.9m | ILS 20.9m |
| Dividends paid | −ILS 20.0m | −ILS 19.9m | — | — | — | — | — | — | — | −ILS 8,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 212.6m | ILS 201.7m | ILS 177.5m | ILS 202.1m | ILS 182.9m | ILS 164.9m | ILS 169.1m | ILS 164.9m |
| Gross profit | ILS 14.9m | ILS 18.0m | ILS 16.8m | ILS 27.4m | ILS 19.5m | ILS 21.0m | ILS 24.8m | ILS 23.2m |
| Operating income | ILS 2.3m | ILS 7.8m | ILS 5.2m | ILS 18.3m | ILS 17.4m | ILS 7.5m | ILS 12.4m | ILS 8.0m |
| Net income | −ILS 4.0m | ILS 4.6m | ILS 8.2m | ILS 8.1m | ILS 1.3m | ILS 8.2m | ILS 7.7m | ILS 4.9m |
| Diluted earnings per share | -0.15 | 0.17 | 0.34 | 0.34 | 0.06 | 0.34 | 0.33 | 0.21 |
| Cash from operations | ILS 49.0m | −ILS 12.0m | — | −ILS 39.0m | ILS 5.0m | −ILS 4.0m | ILS 9.0m | −ILS 12.0m |
| Capital spending | −ILS 2.0m | −ILS 7.0m | −ILS 2.0m | −ILS 3.0m | −ILS 30.0m | −ILS 3.0m | −ILS 6.0m | −ILS 4.0m |
| Free cash flow | ILS 47.0m | −ILS 19.0m | — | −ILS 42.0m | −ILS 25.0m | −ILS 7.0m | ILS 3.0m | −ILS 16.0m |
| Total assets | ILS 924.8m | ILS 912.1m | ILS 912.2m | ILS 908.6m | ILS 867.0m | ILS 827.9m | ILS 784.2m | ILS 802.9m |
| Cash and short-term investments | ILS 173.1m | ILS 177.1m | ILS 92.5m | ILS 90.9m | ILS 111.4m | ILS 97.6m | ILS 129.6m | ILS 125.3m |
| Debt | ILS 232.1m | ILS 287.1m | ILS 257.0m | ILS 248.4m | ILS 221.7m | ILS 174.9m | ILS 188.8m | ILS 174.2m |
| Shareholders' equity | ILS 343.7m | ILS 275.5m | ILS 273.6m | ILS 266.4m | ILS 258.9m | ILS 257.3m | ILS 264.3m | ILS 278.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.4% | 14.9% | 4.4% |
| Operating income | 17.7% | 11.8% | — |
| Net income | 22.3% | 21.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.1% | 12.9% | 13.9% | 13.9% |
| Operating margin | 7.1% | 7.0% | 6.7% | 4.2% |
| Net margin | 4.8% | 5.0% | 4.7% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.4 | 8.1 | 5.3 | 14.7 | 11.3 | 15.0 | 18.6 | 87.6 | 4.5 | -2.4 |
| Price to sales | 0.8 | 0.5 | 0.3 | 0.5 | 0.5 | 0.4 | 0.2 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 9 Apr 2025.
| FY2025 | FY2024 | FY2007 | |
|---|---|---|---|
| Paid in the year | 0.844 | 0.852 | 2.196 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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