M
2,078.00
+4.42%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue, before interest expense
ILS 423.4m
FY2018FY2024
Net income
ILS 151.9m
FY2018FY2024
Total assets
ILS 3.22bn
FY2018FY2024
Shareholders' equity
ILS 562.3m
FY2018FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ILS 423.4m | ILS 332.0m | ILS 184.0m | ILS 122.1m | ILS 98.2m | ILS 68.7m | ILS 55.2m |
| Operating income | ILS 403.4m | ILS 313.5m | ILS 164.2m | ILS 104.1m | ILS 22.6m | ILS 24.9m | ILS 21.6m |
| Net income | ILS 151.9m | ILS 124.4m | ILS 92.9m | ILS 55.2m | ILS 8.1m | ILS 18.1m | ILS 11.2m |
| Diluted earnings per share | 2.50 | 2.06 | 1.54 | 0.91 | 0.14 | 0.31 | 0.19 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | ILS 3.22bn | ILS 2.60bn | ILS 2.01bn | ILS 1.10bn | ILS 838.1m | ILS 599.6m | — |
| Cash and short-term investments | ILS 25.4m | ILS 22.1m | ILS 21.1m | ILS 31.8m | ILS 29.7m | ILS 2.0m | — |
| Total liabilities | ILS 2.66bn | ILS 2.15bn | ILS 1.66bn | ILS 793.9m | ILS 573.7m | ILS 561.2m | — |
| Debt | ILS 2.36bn | ILS 1.90bn | ILS 1.59bn | ILS 765.4m | ILS 555.7m | ILS 467.5m | — |
| Shareholders' equity | ILS 562.3m | ILS 450.0m | ILS 351.2m | ILS 301.5m | ILS 264.5m | ILS 38.4m | — |
| Shares outstanding | 61m | 60m | 60m | 61m | 58m | 58m | 58m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ILS 137.6m | ILS 128.5m | ILS 121.8m | ILS 117.0m | ILS 106.3m | ILS 102.5m | ILS 97.6m | ILS 95.2m |
| Operating income | ILS 132.3m | ILS 123.3m | ILS 116.3m | ILS 111.7m | ILS 100.9m | ILS 97.9m | ILS 93.0m | ILS 90.5m |
| Net income | ILS 47.5m | ILS 43.1m | ILS 41.9m | ILS 41.5m | ILS 39.2m | ILS 36.3m | ILS 34.9m | ILS 33.1m |
| Diluted earnings per share | 0.78 | 0.70 | 0.70 | 0.67 | 0.65 | 0.60 | 0.58 | 0.55 |
| Total assets | ILS 3.82bn | ILS 3.75bn | ILS 3.47bn | ILS 3.22bn | ILS 3.07bn | ILS 2.94bn | ILS 2.84bn | ILS 2.60bn |
| Cash and short-term investments | ILS 26.7m | ILS 20.7m | ILS 20.3m | ILS 25.4m | ILS 21.4m | ILS 33.6m | ILS 19.7m | ILS 22.1m |
| Debt | ILS 2.52bn | ILS 2.63bn | ILS 2.38bn | ILS 2.24bn | ILS 2.23bn | ILS 2.02bn | ILS 1.96bn | ILS 1.80bn |
| Shareholders' equity | ILS 656.3m | ILS 622.7m | ILS 587.4m | ILS 562.3m | ILS 534.8m | ILS 513.8m | ILS 485.2m | ILS 450.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 88.0% | 46.7% | 49.1% | 66.3% | 60.6% | 17.9% |
| Net margin | 34.9% | 35.9% | 37.5% | 50.5% | 45.2% | 8.3% |
| Return on equity | 27.0% | 27.0% | 27.6% | 26.5% | 18.3% | 3.1% |
| Return on assets | 5.0% | 4.7% | 4.8% | 4.6% | 5.0% | 1.0% |
| Revenue growth | 25.9% | 27.5% | 80.4% | 50.7% | 24.3% | 42.9% |
| Earnings growth | 22.6% | 22.1% | 33.9% | 68.4% | 579.4% | -55.1% |
| Current ratio | 0.04x | 1.25x | 1.39x | 1.46x | 3.25x | 2.19x |
| Debt to equity | 4.34x | 4.60x | 4.69x | 4.65x | 2.53x | 2.10x |
| Equity ratio | 18.4% | 17.5% | 17.3% | 17.4% | 27.5% | 31.5% |
| Interest coverage | 2.08x | 4207.23x | 326.48x | 1469.51x | 246.43x | 2.06x |
| Buybacks as a share of market value | -2.7% | 0.1% | 0.0% | 0.0% | -37.6% | -5.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 51.4% | 43.8% | — |
| Operating income | 57.1% | 74.5% | — |
| Net income | 40.1% | 53.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 94.9% | 92.8% | 84.1% | — |
| Net margin | 36.6% | 40.0% | 36.7% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Price to earnings | 6.3 | 4.5 | 5.9 | 10.2 | 82.3 |
| Price to sales | 2.3 | 1.7 | 3.0 | 4.6 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 24 Aug 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 1.006 | 0.564 | 0.463 | 0.781 | 0.402 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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