I 
2,400.00
+4.94%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 1.40bn
FY2016FY2025
Net income
ILS 156.1m
FY2016FY2025
Free cash flow
ILS 64.4m
FY2016FY2025
Shareholders' equity
ILS 1.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 1.40bn | ILS 1.12bn | ILS 1.12bn | ILS 1.19bn | ILS 1.03bn | ILS 936.7m | ILS 953.4m | ILS 982.4m | ILS 996.3m | ILS 923.9m |
| Gross profit | ILS 432.5m | ILS 325.1m | ILS 375.7m | ILS 420.2m | ILS 360.9m | ILS 369.6m | ILS 370.3m | ILS 366.8m | ILS 383.4m | ILS 361.4m |
| Operating income | ILS 234.4m | ILS 164.8m | ILS 268.5m | ILS 180.6m | ILS 155.1m | ILS 177.5m | ILS 173.6m | ILS 174.2m | ILS 186.8m | ILS 169.4m |
| Net income | ILS 156.1m | ILS 109.6m | ILS 193.0m | ILS 129.1m | ILS 99.4m | ILS 104.2m | ILS 116.1m | ILS 112.9m | ILS 113.9m | ILS 100.2m |
| Diluted earnings per share | 1.05 | 0.76 | 1.53 | 1.03 | 0.85 | 0.96 | 1.07 | 1.04 | 1.05 | 0.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 2.14bn | ILS 2.03bn | ILS 1.42bn | ILS 1.28bn | ILS 1.10bn | ILS 1.04bn | ILS 903.5m | ILS 753.8m | ILS 755.5m | ILS 699.7m |
| Cash and short-term investments | ILS 170.4m | ILS 124.2m | ILS 136.4m | ILS 14.6m | ILS 117.4m | ILS 129.5m | ILS 23.9m | ILS 31.3m | ILS 30.2m | ILS 12.3m |
| Total liabilities | ILS 830.8m | ILS 822.5m | ILS 604.8m | ILS 630.0m | ILS 545.8m | ILS 573.4m | ILS 559.2m | ILS 447.4m | ILS 449.0m | ILS 399.9m |
| Debt | ILS 452.3m | ILS 424.7m | ILS 326.7m | ILS 342.7m | ILS 266.6m | ILS 329.1m | ILS 333.2m | ILS 221.2m | ILS 215.5m | ILS 190.2m |
| Shareholders' equity | ILS 1.23bn | ILS 1.14bn | ILS 811.0m | ILS 645.2m | ILS 550.7m | ILS 393.4m | ILS 292.1m | ILS 257.1m | ILS 257.0m | ILS 252.5m |
| Shares outstanding | 149m | 145m | 126m | 125m | 117m | 109m | 109m | 109m | 108m | 109m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 232.9m | ILS 124.6m | ILS 267.8m | ILS 85.1m | ILS 157.6m | ILS 173.3m | ILS 159.2m | ILS 162.3m | ILS 171.0m | ILS 141.7m |
| Capital spending | −ILS 168.5m | −ILS 168.9m | −ILS 127.1m | −ILS 61.1m | −ILS 44.6m | −ILS 43.2m | −ILS 52.7m | −ILS 36.0m | −ILS 50.3m | −ILS 48.6m |
| Free cash flow | ILS 64.4m | −ILS 44.3m | ILS 140.8m | ILS 24.0m | ILS 113.1m | ILS 130.1m | ILS 106.5m | ILS 126.3m | ILS 120.7m | ILS 93.1m |
| Dividends paid | −ILS 69.9m | −ILS 36.9m | −ILS 34.5m | −ILS 36.8m | −ILS 25.6m | −ILS 8.0m | −ILS 80.6m | −ILS 112.8m | −ILS 107.8m | −ILS 124.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 383.8m | ILS 342.8m | ILS 370.6m | ILS 391.2m | ILS 322.4m | ILS 314.4m | ILS 327.7m | ILS 341.9m |
| Gross profit | ILS 140.6m | ILS 121.9m | ILS 124.5m | ILS 128.6m | ILS 105.3m | ILS 98.3m | ILS 98.3m | ILS 105.2m |
| Operating income | ILS 55.7m | ILS 45.3m | ILS 48.3m | ILS 57.7m | ILS 57.3m | ILS 51.9m | ILS 46.7m | ILS 56.1m |
| Net income | ILS 43.0m | ILS 38.2m | ILS 44.4m | ILS 40.0m | ILS 38.2m | ILS 33.5m | ILS 28.0m | ILS 39.0m |
| Diluted earnings per share | 0.29 | 0.26 | 0.30 | 0.27 | 0.26 | 0.22 | 0.19 | 0.27 |
| Cash from operations | ILS 175.0m | ILS 36.0m | ILS 29.0m | ILS 31.0m | ILS 76.0m | ILS 44.0m | −ILS 6.0m | — |
| Capital spending | −ILS 43.0m | −ILS 34.0m | −ILS 25.0m | −ILS 24.0m | −ILS 54.0m | −ILS 64.0m | −ILS 36.0m | −ILS 48.0m |
| Free cash flow | ILS 132.0m | ILS 2.0m | ILS 4.0m | ILS 7.0m | ILS 22.0m | −ILS 20.0m | −ILS 42.0m | — |
| Total assets | ILS 2.26bn | ILS 2.18bn | ILS 2.14bn | ILS 2.00bn | ILS 2.01bn | ILS 2.03bn | ILS 2.03bn | ILS 2.03bn |
| Cash and short-term investments | ILS 221.4m | ILS 161.3m | ILS 170.4m | ILS 24.9m | ILS 26.4m | ILS 27.4m | ILS 124.2m | ILS 199.8m |
| Debt | ILS 225.8m | ILS 228.6m | ILS 232.4m | ILS 123.6m | ILS 158.7m | ILS 144.6m | ILS 212.4m | ILS 221.1m |
| Shareholders' equity | ILS 1.27bn | ILS 1.19bn | ILS 1.23bn | ILS 1.15bn | ILS 1.12bn | ILS 1.10bn | ILS 1.14bn | ILS 1.07bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.9% | 29.2% | 33.6% | 35.2% | 35.0% | 39.5% |
| Operating margin | 16.8% | 15.6% | 24.2% | 15.1% | 15.0% | 18.7% |
| Net margin | 11.2% | 9.8% | 17.2% | 10.8% | 9.6% | 11.1% |
| Return on equity | 12.7% | 9.6% | 23.8% | 20.0% | 18.1% | 26.5% |
| Return on assets | 7.3% | 5.4% | 13.6% | 10.1% | 9.1% | 10.1% |
| Free cash flow yield | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% |
| Revenue growth | 25.4% | -0.3% | -6.3% | 15.9% | 10.0% | -1.8% |
| Earnings growth | 42.4% | -43.2% | 49.5% | 29.8% | -4.6% | -10.3% |
| Current ratio | 2.93x | 1.94x | 2.28x | 1.76x | 1.85x | 1.74x |
| Debt to equity | 0.19x | 0.19x | 0.21x | 0.32x | 0.24x | 0.55x |
| Equity ratio | 57.4% | 56.0% | 57.3% | 50.6% | 50.2% | 38.0% |
| Interest coverage | 17.50x | 10.22x | 18.62x | 15.33x | 17.62x | 16.66x |
| Buybacks as a share of market value | -3.1% | -14.7% | -0.9% | -6.9% | -7.8% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.4% | 8.3% | 4.8% |
| Operating income | 9.1% | 5.7% | 5.0% |
| Net income | 6.6% | 8.4% | 6.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.1% | 32.2% | 33.6% | 35.5% |
| Operating margin | 15.9% | 17.6% | 17.4% | 17.6% |
| Net margin | 10.6% | 12.2% | 11.6% | 11.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.0 | 22.8 | 6.9 | 12.9 | 18.1 | 16.3 | 14.0 | 10.5 | 15.7 | 13.8 |
| Price to sales | 2.4 | 2.2 | 1.2 | 1.4 | 1.8 | 1.8 | 1.7 | 1.2 | 1.8 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 4 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.421 | 0.47 | 0.253 | 0.276 | 0.294 | 0.22 | 0.074 | 0.74 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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