M 
10,540.00
+4.15%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue, before interest expense
ILS 2.03bn
FY2016FY2025
Net income
ILS 843.0m
FY2016FY2025
Total assets
ILS 6.70bn
FY2016FY2025
Shareholders' equity
ILS 1.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ILS 2.03bn | ILS 1.62bn | ILS 1.31bn | ILS 1.19bn | ILS 1.11bn | ILS 995.0m | ILS 925.0m | ILS 890.0m | ILS 874.0m | ILS 775.0m |
| Operating income | ILS 863.0m | ILS 479.0m | ILS 310.0m | ILS 277.0m | −ILS 37.0m | ILS 257.0m | ILS 207.0m | ILS 202.0m | ILS 208.0m | ILS 183.0m |
| Net income | ILS 843.0m | ILS 256.0m | ILS 130.0m | ILS 74.0m | −ILS 414.0m | ILS 162.0m | ILS 78.0m | ILS 67.0m | ILS 95.0m | ILS 79.0m |
| Diluted earnings per share | 9.24 | 3.26 | 1.65 | 1.05 | -6.26 | 2.48 | 1.18 | 1.03 | 1.46 | 1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 6.70bn | ILS 5.48bn | ILS 4.91bn | ILS 4.75bn | ILS 4.14bn | ILS 3.53bn | ILS 3.25bn | ILS 2.86bn | ILS 31.50bn | ILS 30.89bn |
| Cash and short-term investments | ILS 971.0m | ILS 409.2m | ILS 478.0m | ILS 837.0m | ILS 549.0m | ILS 507.0m | ILS 531.0m | ILS 429.0m | ILS 29.19bn | ILS 28.67bn |
| Total liabilities | ILS 4.53bn | ILS 4.36bn | ILS 3.96bn | ILS 4.02bn | ILS 3.43bn | ILS 2.25bn | ILS 2.25bn | ILS 1.91bn | ILS 30.57bn | ILS 30.13bn |
| Debt | ILS 3.50bn | ILS 3.07bn | ILS 2.81bn | ILS 2.82bn | ILS 2.22bn | ILS 1.61bn | ILS 1.79bn | ILS 1.34bn | ILS 29.83bn | ILS 29.54bn |
| Shareholders' equity | ILS 1.96bn | ILS 848.0m | ILS 722.0m | ILS 497.0m | ILS 507.0m | ILS 979.0m | ILS 856.0m | ILS 825.0m | ILS 802.0m | ILS 699.0m |
| Shares outstanding | 91m | 78m | 79m | 71m | 66m | 65m | 66m | 65m | 65m | 65m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ILS 625.0m | ILS 598.0m | ILS 582.0m | ILS 521.0m | ILS 477.0m | ILS 451.0m | ILS 441.0m | ILS 413.0m |
| Operating income | ILS 280.0m | ILS 223.0m | ILS 322.0m | ILS 233.0m | ILS 164.0m | ILS 144.0m | ILS 130.0m | ILS 128.0m |
| Net income | ILS 143.0m | ILS 131.0m | ILS 112.0m | ILS 542.0m | ILS 95.0m | ILS 90.0m | ILS 86.0m | ILS 62.0m |
| Diluted earnings per share | 1.70 | 1.56 | 1.23 | 5.94 | 1.04 | 0.99 | 1.10 | 0.79 |
| Total assets | ILS 7.16bn | ILS 6.88bn | ILS 6.70bn | ILS 6.18bn | ILS 6.05bn | ILS 5.63bn | ILS 5.48bn | ILS 5.19bn |
| Cash and short-term investments | ILS 787.0m | ILS 1.08bn | ILS 971.0m | ILS 571.0m | ILS 626.0m | ILS 542.0m | ILS 409.2m | ILS 575.0m |
| Debt | ILS 3.74bn | ILS 3.35bn | ILS 3.38bn | ILS 3.50bn | ILS 3.32bn | ILS 2.82bn | ILS 2.94bn | ILS 2.69bn |
| Shareholders' equity | ILS 2.21bn | ILS 2.09bn | ILS 1.96bn | ILS 1.43bn | ILS 927.0m | ILS 889.0m | ILS 848.0m | ILS 803.0m |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 42.5% | 29.6% | 23.6% | 23.2% | -3.3% | 31.1% |
| Net margin | 41.5% | 15.8% | 9.9% | 6.2% | -37.2% | 16.3% |
| Return on equity | 42.9% | 30.2% | 18.0% | 14.9% | -81.7% | 16.5% |
| Return on assets | 12.6% | 4.7% | 2.6% | 1.6% | -10.0% | 4.6% |
| Revenue growth | 25.4% | 23.3% | 10.2% | 7.2% | 11.8% | 7.6% |
| Earnings growth | 229.3% | 96.9% | 75.7% | -117.9% | -355.6% | 107.7% |
| Current ratio | 2.16x | 0.88x | 0.95x | 0.90x | 1.03x | 1.60x |
| Debt to equity | 1.72x | 3.47x | 3.64x | 5.48x | 3.92x | 0.59x |
| Equity ratio | 29.3% | 15.5% | 14.7% | 10.5% | 12.2% | 27.7% |
| Interest coverage | 29.76x | 9.04x | 4.84x | 5.13x | -0.93x | 11.04x |
| Buybacks as a share of market value | -16.3% | 0.2% | -11.4% | -6.7% | -1.3% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.4% | 15.3% | 10.7% |
| Operating income | 46.1% | 27.4% | 16.0% |
| Net income | 125.0% | 39.1% | 25.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 36.8% | 31.3% | 26.0% | 25.2% |
| Net margin | 30.1% | 21.2% | 12.7% | 11.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 9.3 | 8.6 | 10.8 | -2.7 | 5.7 | 10.8 | 9.7 | 8.3 | 14.4 |
| Price to sales | 5.2 | 1.5 | 0.9 | 0.7 | 1.0 | 0.9 | 0.9 | 0.7 | 0.9 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 24 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.30 | 2.65 | 1.52 | 0.26 | 0.84 | 0.31 | 0.76 | 0.65 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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