P 
13,410.00
-2.26%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 1.87bn
FY2016FY2025
Net income
ILS 161.5m
FY2016FY2025
Free cash flow
ILS 101.8m
FY2016FY2025
Shareholders' equity
ILS 1.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 1.87bn | ILS 1.71bn | ILS 1.64bn | ILS 1.59bn | ILS 1.55bn | ILS 1.29bn | ILS 1.26bn | ILS 1.22bn | ILS 1.18bn | ILS 1.08bn |
| Gross profit | ILS 708.7m | ILS 685.1m | ILS 644.6m | ILS 592.1m | ILS 546.2m | ILS 452.8m | ILS 446.8m | ILS 469.2m | ILS 448.9m | ILS 394.2m |
| Research and development | — | — | ILS 1.2m | ILS 516,000 | — | — | — | — | ILS 481,000 | ILS 583,000 |
| Operating income | ILS 240.3m | ILS 205.9m | ILS 169.3m | ILS 163.8m | ILS 158.0m | ILS 136.8m | ILS 173.2m | ILS 132.8m | ILS 124.3m | ILS 99.1m |
| Net income | ILS 161.5m | ILS 143.8m | ILS 129.1m | ILS 90.0m | ILS 107.8m | ILS 97.5m | ILS 111.0m | ILS 84.8m | ILS 77.6m | ILS 70.9m |
| Diluted earnings per share | 16.91 | 15.06 | 13.50 | 9.44 | 11.29 | 10.21 | 11.62 | 8.88 | 8.12 | 7.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 2.25bn | ILS 2.21bn | ILS 2.17bn | ILS 2.04bn | ILS 1.98bn | ILS 1.89bn | ILS 1.94bn | ILS 1.75bn | ILS 1.61bn | ILS 1.55bn |
| Cash and short-term investments | ILS 283.0m | ILS 316.4m | ILS 265.6m | ILS 229.2m | ILS 354.1m | ILS 309.1m | ILS 320.0m | ILS 346.1m | ILS 291.4m | ILS 306.7m |
| Total liabilities | ILS 979.0m | ILS 990.6m | ILS 992.9m | ILS 1.01bn | ILS 1.06bn | ILS 1.00bn | ILS 1.04bn | ILS 889.4m | ILS 780.5m | ILS 735.0m |
| Debt | ILS 581.3m | ILS 640.0m | ILS 687.7m | ILS 724.6m | ILS 756.4m | ILS 728.1m | ILS 783.4m | ILS 628.0m | ILS 515.5m | ILS 470.5m |
| Shareholders' equity | ILS 1.20bn | ILS 1.14bn | ILS 1.11bn | ILS 972.3m | ILS 863.8m | ILS 835.9m | ILS 849.6m | ILS 818.0m | ILS 786.7m | ILS 776.1m |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 260.6m | ILS 219.7m | ILS 283.8m | ILS 55.2m | ILS 193.7m | ILS 163.3m | ILS 162.1m | ILS 86.9m | ILS 99.2m | ILS 107.3m |
| Capital spending | −ILS 158.8m | −ILS 66.1m | −ILS 57.1m | −ILS 66.0m | −ILS 77.4m | −ILS 51.7m | −ILS 56.4m | −ILS 5.8m | −ILS 71.4m | −ILS 53.6m |
| Free cash flow | ILS 101.8m | ILS 153.6m | ILS 226.7m | −ILS 10.9m | ILS 116.4m | ILS 111.6m | ILS 105.7m | ILS 81.1m | ILS 27.7m | ILS 53.7m |
| Dividends paid | −ILS 76.4m | −ILS 66.8m | −ILS 19.1m | −ILS 19.1m | −ILS 57.3m | −ILS 47.7m | −ILS 47.7m | −ILS 47.7m | −ILS 47.7m | −ILS 38.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 474.3m | ILS 481.0m | ILS 454.7m | ILS 477.2m | ILS 482.7m | ILS 450.6m | ILS 419.3m | ILS 434.0m |
| Gross profit | ILS 168.7m | ILS 185.9m | ILS 169.4m | ILS 177.4m | ILS 191.4m | ILS 170.5m | ILS 160.2m | ILS 181.7m |
| Operating income | ILS 41.5m | ILS 62.3m | ILS 27.7m | ILS 67.2m | ILS 57.4m | ILS 50.1m | ILS 32.1m | ILS 67.0m |
| Net income | ILS 41.5m | ILS 45.1m | ILS 23.1m | ILS 51.5m | ILS 45.7m | ILS 41.2m | ILS 14.3m | ILS 49.0m |
| Diluted earnings per share | 4.34 | 4.73 | 2.42 | 5.40 | 4.78 | 4.32 | 1.49 | 5.13 |
| Cash from operations | ILS 62.0m | ILS 29.0m | ILS 97.0m | ILS 89.0m | ILS 78.0m | −ILS 4.0m | ILS 76.0m | ILS 62.0m |
| Capital spending | −ILS 25.0m | −ILS 11.0m | −ILS 88.0m | −ILS 22.0m | −ILS 31.0m | −ILS 15.0m | −ILS 23.0m | −ILS 20.0m |
| Free cash flow | ILS 37.0m | ILS 18.0m | ILS 9.0m | ILS 67.0m | ILS 47.0m | −ILS 19.0m | ILS 53.0m | ILS 42.0m |
| Total assets | ILS 2.28bn | ILS 2.29bn | ILS 2.25bn | ILS 2.31bn | ILS 2.32bn | ILS 2.34bn | ILS 2.21bn | ILS 2.28bn |
| Cash and short-term investments | ILS 300.8m | ILS 288.1m | ILS 283.0m | ILS 307.2m | ILS 313.8m | ILS 296.3m | ILS 316.4m | ILS 324.6m |
| Debt | ILS 458.0m | ILS 473.5m | ILS 471.5m | ILS 465.7m | ILS 490.4m | ILS 534.3m | ILS 508.7m | ILS 534.0m |
| Shareholders' equity | ILS 1.27bn | ILS 1.25bn | ILS 1.20bn | ILS 1.24bn | ILS 1.22bn | ILS 1.20bn | ILS 1.14bn | ILS 1.20bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 38.0% | 40.1% | 39.2% | 37.4% | 35.2% | 35.2% | — | — | — | — |
| Operating margin | 12.9% | 13.8% | 12.9% | 10.4% | 11.2% | 12.0% | — | — | — | — |
| Net margin | 8.7% | 8.4% | 7.8% | 5.7% | 7.0% | 7.6% | — | — | — | — |
| Return on equity | 13.5% | 12.6% | 11.6% | 9.3% | 12.5% | 11.7% | — | — | — | — |
| Return on assets | 7.2% | 6.5% | 5.9% | 4.4% | 5.4% | 5.1% | — | — | — | — |
| Free cash flow yield | 0.3% | 0.2% | 0.3% | 0.1% | 0.2% | 0.2% | — | — | — | — |
| Revenue growth | 9.3% | 3.8% | 3.8% | 2.3% | 20.3% | 2.5% | — | — | — | — |
| Earnings growth | 12.3% | 11.4% | 43.4% | -16.5% | 10.6% | -12.2% | — | — | — | — |
| Current ratio | 1.90x | 1.89x | 1.95x | 1.90x | 1.80x | 1.84x | — | — | — | — |
| Debt to equity | 0.39x | 0.45x | 0.49x | 0.60x | 0.70x | 0.68x | — | — | — | — |
| Equity ratio | 53.3% | 51.6% | 51.0% | 47.6% | 43.5% | 44.2% | — | — | — | — |
| Interest coverage | 6.76x | 6.92x | 4.81x | 4.66x | 7.49x | 6.29x | — | — | — | — |
| R&D as a share of sales | — | — | 0.1% | 0.0% | — | — | 0.0% | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.1% | -0.3% | 0.2% | -0.1% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 7.7% | 6.0% |
| Operating income | 13.6% | 11.9% | 10.6% |
| Net income | 21.5% | 10.6% | 12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.0% | 38.7% | 37.7% | 37.3% |
| Operating margin | 12.5% | 11.5% | 11.1% | 11.0% |
| Net margin | 8.5% | 7.7% | 7.6% | 7.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 11.9 | 10.4 | 16.6 | 19.5 | 15.3 | 13.3 | 18.4 | 21.5 | 15.1 |
| Price to sales | 0.9 | 1.0 | 0.8 | 0.9 | 1.4 | 1.1 | 1.2 | 1.3 | 1.4 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 28 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 8.00 | 7.00 | 2.00 | 2.00 | 6.00 | 5.00 | 5.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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