H 
23,290.00
+1.39%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 3.01bn
FY2016FY2025
Net income
ILS 261.4m
FY2016FY2025
Free cash flow
ILS 362.1m
FY2016FY2025
Shareholders' equity
ILS 1.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 3.01bn | ILS 2.84bn | ILS 2.59bn | ILS 2.23bn | ILS 1.71bn | ILS 1.63bn | ILS 1.57bn | ILS 1.47bn | ILS 1.34bn | ILS 1.24bn |
| Gross profit | ILS 665.9m | ILS 643.5m | ILS 575.5m | ILS 516.2m | ILS 405.0m | ILS 383.4m | ILS 356.4m | ILS 316.9m | ILS 289.0m | ILS 266.8m |
| Research and development | — | — | — | — | — | — | — | — | ILS 316,000 | ILS 558,000 |
| Operating income | ILS 366.6m | ILS 329.9m | ILS 288.8m | ILS 240.1m | ILS 205.2m | ILS 184.6m | ILS 171.4m | ILS 151.3m | ILS 133.3m | ILS 118.3m |
| Net income | ILS 261.4m | ILS 246.5m | ILS 216.2m | ILS 173.5m | ILS 151.2m | ILS 130.4m | ILS 119.8m | ILS 102.9m | ILS 93.2m | ILS 79.0m |
| Diluted earnings per share | 11.38 | 10.65 | 9.41 | 7.48 | 6.68 | 5.77 | 5.33 | 4.59 | 4.11 | 3.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 2.97bn | ILS 3.11bn | ILS 2.35bn | ILS 2.03bn | ILS 1.48bn | ILS 1.42bn | ILS 1.20bn | ILS 994.8m | ILS 921.5m | ILS 811.8m |
| Cash and short-term investments | ILS 442.7m | ILS 343.0m | ILS 300.6m | ILS 187.0m | ILS 298.4m | ILS 222.7m | ILS 129.9m | ILS 84.9m | ILS 98.3m | ILS 66.2m |
| Total liabilities | ILS 1.69bn | ILS 1.95bn | ILS 1.34bn | ILS 1.19bn | ILS 873.7m | ILS 910.8m | ILS 764.5m | ILS 660.8m | ILS 624.5m | ILS 564.3m |
| Debt | ILS 281.0m | ILS 302.1m | ILS 290.3m | ILS 253.5m | ILS 151.3m | ILS 225.1m | ILS 230.6m | ILS 120.7m | ILS 107.1m | ILS 130.1m |
| Shareholders' equity | ILS 1.26bn | ILS 1.14bn | ILS 995.6m | ILS 833.2m | ILS 595.8m | ILS 503.0m | ILS 423.5m | ILS 323.7m | ILS 286.1m | ILS 239.1m |
| Shares outstanding | 23m | 23m | 23m | 23m | 23m | 23m | 22m | 22m | 23m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 379.3m | ILS 422.9m | ILS 355.5m | ILS 245.1m | ILS 268.3m | ILS 281.3m | ILS 163.7m | ILS 78.5m | ILS 120.6m | ILS 103.9m |
| Capital spending | −ILS 17.3m | −ILS 56.4m | −ILS 57.8m | −ILS 17.1m | −ILS 11.6m | −ILS 7.2m | −ILS 8.3m | −ILS 13.6m | −ILS 8.9m | −ILS 8.8m |
| Free cash flow | ILS 362.1m | ILS 366.5m | ILS 297.7m | ILS 228.0m | ILS 256.7m | ILS 274.1m | ILS 155.4m | ILS 64.9m | ILS 111.7m | ILS 95.1m |
| Dividends paid | −ILS 114.7m | −ILS 68.8m | −ILS 57.3m | −ILS 22.9m | −ILS 45.1m | −ILS 22.5m | −ILS 22.5m | −ILS 45.0m | −ILS 45.0m | −ILS 39.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 784.7m | ILS 824.0m | ILS 805.9m | ILS 716.5m | ILS 705.8m | ILS 782.7m | ILS 764.4m | ILS 694.8m |
| Gross profit | ILS 188.5m | ILS 194.7m | ILS 202.6m | ILS 160.3m | ILS 168.5m | ILS 179.7m | ILS 189.4m | ILS 145.8m |
| Operating income | ILS 97.0m | ILS 97.7m | ILS 112.8m | ILS 78.0m | ILS 86.4m | ILS 89.3m | ILS 95.4m | ILS 69.4m |
| Net income | ILS 65.4m | ILS 70.6m | ILS 79.2m | ILS 55.8m | ILS 60.3m | ILS 66.2m | ILS 80.9m | ILS 49.1m |
| Diluted earnings per share | 2.82 | 3.04 | 3.45 | 2.43 | 2.62 | 2.88 | 3.49 | 2.12 |
| Cash from operations | ILS 132.0m | −ILS 31.0m | ILS 193.0m | ILS 118.0m | ILS 124.0m | −ILS 57.0m | ILS 255.0m | ILS 88.0m |
| Capital spending | −ILS 3.0m | −ILS 7.0m | −ILS 3.0m | −ILS 6.0m | −ILS 1.0m | −ILS 5.0m | −ILS 5.0m | −ILS 19.0m |
| Free cash flow | ILS 129.0m | −ILS 38.0m | ILS 190.0m | ILS 112.0m | ILS 123.0m | −ILS 62.0m | ILS 250.0m | ILS 69.0m |
| Total assets | ILS 2.92bn | ILS 2.93bn | ILS 2.97bn | ILS 2.71bn | ILS 2.70bn | ILS 2.78bn | ILS 3.11bn | ILS 2.43bn |
| Cash and short-term investments | ILS 366.0m | ILS 319.7m | ILS 442.7m | ILS 302.8m | ILS 305.3m | ILS 246.1m | ILS 343.0m | ILS 202.6m |
| Debt | ILS 76.5m | ILS 75.5m | ILS 157.5m | ILS 88.5m | ILS 103.3m | ILS 99.5m | ILS 110.3m | ILS 139.1m |
| Shareholders' equity | ILS 1.33bn | ILS 1.28bn | ILS 1.26bn | ILS 1.21bn | ILS 1.22bn | ILS 1.16bn | ILS 1.14bn | ILS 1.06bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 22.1% | 22.7% | 22.2% | 23.1% | 23.7% | 23.6% | — | — | — | — | — | — |
| Operating margin | 11.9% | 11.9% | 11.2% | 10.7% | 11.6% | 11.4% | — | — | — | — | — | — |
| Net margin | 8.7% | 8.7% | 8.3% | 7.8% | 8.8% | 8.0% | — | — | — | — | — | — |
| Return on equity | 20.7% | 21.6% | 21.7% | 20.8% | 25.4% | 25.9% | — | — | — | — | — | — |
| Return on assets | 8.8% | 7.9% | 9.2% | 8.5% | 10.2% | 9.2% | — | — | — | — | — | — |
| Free cash flow yield | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | — | — | — | — | — | — |
| Revenue growth | 6.1% | 9.6% | 15.9% | 30.4% | 5.2% | 3.5% | — | — | — | — | — | — |
| Earnings growth | 6.0% | 14.0% | 24.6% | 14.8% | 15.9% | 8.9% | — | — | — | — | — | — |
| Current ratio | 1.25x | 1.13x | 1.23x | 1.13x | 1.26x | 1.19x | — | — | — | — | — | — |
| Debt to equity | 0.07x | 0.10x | 0.12x | 0.21x | 0.20x | 0.36x | — | — | — | — | — | — |
| Equity ratio | 42.5% | 36.7% | 42.4% | 41.0% | 40.3% | 35.3% | — | — | — | — | — | — |
| Interest coverage | 17.99x | 20.26x | 28.88x | 27.62x | 38.33x | 25.63x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.1% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | 0.8% | -0.8% | 1.0% | -2.5% | -0.1% | -0.6% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 13.1% | 9.9% |
| Operating income | 15.2% | 14.7% | 14.3% |
| Net income | 14.6% | 14.9% | 14.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.4% | 22.5% | 22.8% | 22.4% |
| Operating margin | 11.9% | 11.5% | 11.5% | 11.0% |
| Net margin | 8.7% | 8.4% | 8.4% | 7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.2 | 20.3 | 20.4 | 23.3 | 31.2 | 26.4 | 26.1 | 19.1 | 19.0 | 16.6 |
| Price to sales | 2.0 | 1.8 | 1.7 | 1.8 | 2.8 | 2.1 | 2.0 | 1.3 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 31 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 5.00 | 3.00 | 2.50 | 1.00 | 2.00 | 1.00 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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