837.00
-2.48%
Close of 9 Nov 2026, in ILA
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At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 2.30bn
FY2016FY2025
Net income
ILS 70.0m
FY2016FY2025
Free cash flow
ILS 627.0m
FY2016FY2025
Shareholders' equity
—
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 2.30bn | ILS 2.53bn | ILS 2.44bn | ILS 2.30bn | ILS 2.30bn | ILS 2.41bn | ILS 2.75bn | ILS 2.84bn | ILS 2.83bn | ILS 4.80bn |
| Gross profit | ILS 1.59bn | ILS 1.73bn | ILS 1.67bn | ILS 1.58bn | ILS 1.58bn | ILS 1.65bn | ILS 1.98bn | ILS 2.00bn | ILS 1.97bn | ILS 3.19bn |
| Operating income | ILS 937.0m | ILS 1.44bn | ILS 800.0m | ILS 1.11bn | ILS 1.24bn | ILS 1.29bn | ILS 1.61bn | ILS 1.62bn | ILS 1.58bn | ILS 2.65bn |
| Net income | ILS 70.0m | ILS 52.0m | −ILS 1.20bn | −ILS 1.34bn | ILS 646.0m | −ILS 653.0m | ILS 655.0m | −ILS 253.0m | ILS 493.0m | ILS 787.0m |
| Diluted earnings per share | 0.36 | 0.28 | -6.79 | -8.15 | 4.26 | -3.91 | 3.54 | -1.32 | 2.53 | 4.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | ILS 36.02bn | ILS 38.87bn | ILS 39.40bn | ILS 41.07bn | ILS 40.39bn | ILS 42.63bn | ILS 49.21bn | ILS 48.96bn | ILS 86.89bn |
| Cash and short-term investments | — | ILS 2.57bn | ILS 695.0m | ILS 1.67bn | — | — | — | — | — | — |
| Total liabilities | — | ILS 31.84bn | ILS 34.04bn | ILS 34.38bn | ILS 27.52bn | ILS 27.81bn | ILS 26.30bn | ILS 32.26bn | ILS 30.85bn | ILS 53.12bn |
| Debt | — | ILS 23.27bn | ILS 23.25bn | ILS 24.12bn | ILS 21.92bn | ILS 22.41bn | ILS 22.26bn | ILS 28.11bn | ILS 26.56bn | ILS 39.24bn |
| Shareholders' equity | — | ILS 4.18bn | ILS 4.84bn | ILS 5.02bn | ILS 5.31bn | ILS 5.56bn | ILS 8.19bn | ILS 9.30bn | ILS 9.94bn | ILS 8.16bn |
| Shares outstanding | 194m | 185m | 177m | 164m | 152m | 167m | 185m | 192m | 195m | 195m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 638.0m | ILS 696.0m | ILS 650.0m | ILS 648.0m | ILS 461.0m | ILS 397.0m | ILS 910.0m | ILS 498.0m | ILS 785.0m | ILS 1.84bn |
| Capital spending | −ILS 11.0m | −ILS 8.0m | −ILS 29.0m | −ILS 23.0m | −ILS 20.0m | −ILS 15.0m | −ILS 61.0m | −ILS 43.0m | −ILS 39.0m | −ILS 26.0m |
| Free cash flow | ILS 627.0m | ILS 688.0m | ILS 621.0m | ILS 625.0m | ILS 441.0m | ILS 382.0m | ILS 849.0m | ILS 455.0m | ILS 746.0m | ILS 1.82bn |
| Dividends paid | −ILS 73.0m | −ILS 36.0m | −ILS 53.0m | −ILS 204.0m | −ILS 182.0m | −ILS 293.0m | −ILS 298.0m | −ILS 287.0m | −ILS 204.0m | −ILS 295.0m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 704.0m | ILS 589.0m | ILS 569.0m | ILS 637.0m | ILS 643.0m | ILS 632.0m | ILS 621.0m | ILS 657.0m |
| Gross profit | ILS 422.0m | ILS 412.0m | ILS 385.0m | ILS 435.0m | ILS 443.0m | ILS 438.0m | ILS 418.0m | ILS 422.0m |
| Operating income | ILS 342.0m | ILS 343.0m | ILS 248.0m | ILS 138.0m | ILS 199.0m | ILS 364.0m | ILS 385.0m | ILS 323.0m |
| Net income | −ILS 11.0m | ILS 236.0m | −ILS 246.0m | −ILS 69.0m | −ILS 131.0m | ILS 329.0m | −ILS 77.0m | −ILS 284.0m |
| Diluted earnings per share | -0.06 | 1.05 | -1.24 | -0.38 | -0.72 | 1.54 | -0.42 | -1.65 |
| Cash from operations | ILS 150.0m | ILS 258.0m | ILS 13.0m | ILS 285.0m | ILS 129.0m | ILS 158.0m | ILS 124.0m | ILS 158.0m |
| Capital spending | −ILS 1.0m | −ILS 2.0m | −ILS 1.0m | −ILS 1.0m | −ILS 2.0m | −ILS 4.0m | −ILS 1.0m | −ILS 17.0m |
| Free cash flow | ILS 149.0m | ILS 256.0m | ILS 12.0m | ILS 284.0m | ILS 127.0m | ILS 154.0m | ILS 123.0m | ILS 141.0m |
| Total assets | ILS 34.59bn | ILS 35.20bn | ILS 36.47bn | ILS 36.02bn | ILS 39.20bn | ILS 38.81bn | ILS 38.51bn | ILS 38.87bn |
| Cash and short-term investments | ILS 884.0m | ILS 1.13bn | ILS 1.61bn | ILS 2.57bn | ILS 981.0m | ILS 891.0m | ILS 1.27bn | ILS 695.0m |
| Debt | ILS 20.06bn | ILS 20.78bn | ILS 21.26bn | ILS 21.12bn | ILS 20.81bn | ILS 21.16bn | ILS 21.26bn | ILS 18.89bn |
| Shareholders' equity | ILS 3.88bn | ILS 4.11bn | ILS 4.38bn | ILS 4.18bn | ILS 4.92bn | ILS 4.92bn | ILS 4.57bn | ILS 4.84bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 65.1% | 68.5% | 68.4% | 68.7% | 68.9% | 68.4% |
| Operating margin | 70.7% | 55.5% | -0.5% | -14.9% | 115.2% | -14.5% |
| Net margin | 2.8% | 2.1% | -49.3% | -58.2% | 28.1% | -27.1% |
| Return on equity | 1.8% | 1.2% | -24.9% | -26.7% | 12.2% | -11.7% |
| Return on assets | 0.2% | 0.1% | -3.1% | -3.4% | 1.6% | -1.6% |
| Free cash flow yield | 0.3% | 0.4% | 0.4% | 0.4% | 0.3% | 0.2% |
| Revenue growth | -1.9% | 3.9% | 5.9% | 0.3% | -4.6% | -12.6% |
| Earnings growth | 34.6% | -104.3% | -10.2% | -307.4% | -198.9% | -199.7% |
| Current ratio | 1.55x | 1.41x | 0.62x | 0.84x | 1.80x | 1.08x |
| Debt to equity | 5.52x | 5.50x | 4.74x | 4.75x | 4.50x | 4.39x |
| Equity ratio | 11.8% | 11.6% | 12.4% | 12.7% | 12.9% | 13.8% |
| Interest coverage | 1.63x | 1.14x | -0.01x | -0.28x | 2.89x | -0.51x |
| Buybacks as a share of market value | -4.7% | -3.2% | -5.4% | -12.2% | 9.2% | 9.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | -0.9% | -2.4% |
| Operating income | -5.4% | -6.3% | -5.3% |
| Net income | — | — | -19.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.7% | 68.6% | 68.6% | 69.0% |
| Operating margin | 49.2% | 44.7% | 47.8% | 52.2% |
| Net margin | 2.5% | -25.3% | -17.0% | -0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.2 | 48.3 | -1.8 | -1.3 | 5.8 | -5.4 | 10.8 | -19.8 | 14.6 | 8.2 |
| Price to sales | 0.7 | 1.0 | 0.9 | 0.8 | 1.6 | 1.5 | 2.6 | 1.8 | 2.5 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.56 | 0.496 | 0.20 | 1.28 | 1.20 | 1.59 | 1.62 | 1.52 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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