R 
10,510.00
-2.14%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 910.8m
FY2018FY2024
Net income
ILS 60.0m
FY2018FY2024
Free cash flow
ILS 20.4m
FY2018FY2024
Shareholders' equity
ILS 529.2m
FY2018FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue | ILS 910.8m | ILS 748.9m | ILS 460.9m | ILS 291.9m | ILS 255.1m | ILS 198.7m | ILS 175.2m |
| Gross profit | ILS 145.0m | ILS 120.1m | ILS 93.8m | ILS 35.9m | ILS 39.4m | ILS 24.7m | ILS 29.0m |
| Operating income | ILS 80.4m | ILS 81.3m | ILS 64.2m | ILS 28.8m | ILS 29.2m | ILS 3.4m | ILS 20.9m |
| Net income | ILS 60.0m | ILS 63.9m | ILS 51.8m | ILS 29.5m | ILS 25.4m | −ILS 1.1m | ILS 15.3m |
| Diluted earnings per share | 1.67 | 1.77 | 1.43 | 0.83 | 0.71 | -0.03 | 0.43 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | ILS 1.55bn | ILS 1.12bn | ILS 980.2m | ILS 842.7m | ILS 487.6m | ILS 426.4m | — |
| Cash and short-term investments | ILS 372.4m | ILS 139.3m | ILS 268.1m | ILS 299.4m | ILS 64.3m | ILS 76.8m | — |
| Total liabilities | ILS 1.03bn | ILS 620.5m | ILS 503.3m | ILS 409.5m | ILS 312.7m | ILS 266.0m | — |
| Debt | ILS 601.0m | ILS 289.1m | ILS 232.4m | ILS 215.3m | ILS 186.6m | ILS 154.5m | — |
| Shareholders' equity | ILS 529.2m | ILS 503.2m | ILS 476.9m | ILS 433.2m | ILS 174.9m | ILS 160.4m | — |
| Shares outstanding | 36m | 36m | 36m | 36m | 36m | 36m | 36m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 113.4m | ILS 64.9m | ILS 26.7m | ILS 44.1m | ILS 18.0m | ILS 14.1m | ILS 12.9m |
| Capital spending | −ILS 93.1m | −ILS 39.0m | −ILS 33.2m | −ILS 19.4m | −ILS 16.1m | −ILS 18.9m | −ILS 5.1m |
| Free cash flow | ILS 20.4m | ILS 25.9m | −ILS 6.5m | ILS 24.7m | ILS 1.9m | −ILS 4.9m | ILS 7.8m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 429.2m | ILS 414.6m | ILS 243.9m | ILS 227.6m | ILS 228.4m | ILS 252.0m | ILS 202.8m | ILS 169.5m |
| Gross profit | ILS 80.9m | ILS 71.6m | ILS 40.9m | ILS 42.9m | ILS 28.4m | ILS 38.4m | ILS 35.3m | ILS 28.6m |
| Operating income | ILS 38.4m | ILS 45.4m | ILS 22.6m | ILS 17.6m | ILS 17.1m | ILS 23.6m | ILS 22.0m | ILS 13.1m |
| Net income | ILS 19.7m | ILS 20.0m | ILS 18.0m | ILS 6.5m | ILS 16.6m | ILS 19.0m | ILS 17.9m | ILS 10.9m |
| Diluted earnings per share | 0.54 | 0.55 | 0.49 | 0.18 | 0.46 | 0.53 | 0.50 | 0.30 |
| Total assets | ILS 2.01bn | ILS 1.93bn | ILS 1.62bn | ILS 1.55bn | ILS 1.46bn | ILS 1.24bn | ILS 1.16bn | ILS 1.12bn |
| Cash and short-term investments | ILS 354.2m | ILS 350.4m | ILS 343.7m | ILS 372.4m | ILS 331.6m | ILS 164.8m | ILS 209.0m | ILS 139.3m |
| Debt | ILS 720.3m | ILS 682.8m | ILS 604.1m | ILS 574.3m | ILS 509.6m | ILS 299.3m | ILS 291.2m | ILS 273.2m |
| Shareholders' equity | ILS 586.3m | ILS 573.2m | ILS 554.8m | ILS 529.2m | ILS 526.0m | ILS 505.8m | ILS 517.8m | ILS 503.2m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.3% | 15.9% | 16.0% | 20.4% | 12.3% | 15.4% |
| Operating margin | 9.7% | 10.8% | 12.7% | 16.2% | 12.6% | 14.2% |
| Net margin | 4.5% | 6.6% | 8.5% | 11.2% | 10.1% | 9.9% |
| Return on equity | 11.1% | 11.3% | 12.7% | 10.9% | 6.8% | 14.5% |
| Return on assets | 3.2% | 3.9% | 5.7% | 5.3% | 3.5% | 5.0% |
| Free cash flow yield | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Revenue growth | 61.6% | 21.6% | 62.5% | 57.9% | 14.4% | 28.4% |
| Earnings growth | 10.1% | -6.0% | 23.4% | 75.6% | 16.3% | -2480.5% |
| Current ratio | 1.18x | 1.31x | 1.20x | 1.40x | 1.64x | 0.88x |
| Debt to equity | 1.25x | 1.16x | 0.59x | 0.54x | 0.52x | 1.12x |
| Equity ratio | 29.0% | 34.0% | 44.8% | 48.7% | 51.4% | 34.2% |
| Interest coverage | 3.39x | 3.75x | 5.27x | 6.69x | 4.60x | 5.84x |
| Buybacks as a share of market value | -1.4% | -0.1% | -0.2% | 0.3% | -26.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 46.1% | 35.6% | — |
| Operating income | 40.8% | 88.3% | — |
| Net income | 26.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 16.4% | 16.0% | — |
| Operating margin | 9.7% | 10.6% | 10.0% | — |
| Net margin | 7.5% | 8.5% | 8.0% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Price to earnings | 25.7 | 20.2 | 21.3 | 46.2 |
| Price to sales | 1.7 | 1.7 | 2.4 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.913 | 0.714 | 0.421 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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