S 
25,000.00
+1.79%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 2.07bn
FY2016FY2025
Net income
ILS 154.0m
FY2016FY2025
Free cash flow
−ILS 14.7m
FY2016FY2025
Shareholders' equity
ILS 1.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 2.07bn | ILS 1.80bn | ILS 1.64bn | ILS 1.65bn | ILS 1.37bn | ILS 1.10bn | ILS 1.14bn | ILS 1.18bn | ILS 1.20bn | ILS 1.31bn |
| Gross profit | ILS 601.7m | ILS 605.3m | ILS 577.6m | ILS 640.1m | ILS 544.2m | ILS 341.2m | ILS 353.5m | ILS 385.3m | ILS 359.4m | ILS 342.9m |
| Operating income | ILS 233.7m | ILS 209.6m | ILS 217.6m | ILS 314.3m | ILS 262.7m | ILS 135.6m | ILS 129.2m | ILS 157.9m | ILS 137.0m | ILS 125.5m |
| Net income | ILS 154.0m | ILS 142.9m | ILS 153.9m | ILS 214.4m | ILS 184.0m | ILS 64.5m | ILS 79.4m | ILS 101.2m | ILS 94.2m | ILS 81.2m |
| Diluted earnings per share | 11.64 | 11.68 | 12.62 | 17.48 | 16.05 | 5.92 | 7.29 | 9.29 | 8.65 | 7.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 2.51bn | ILS 2.23bn | ILS 2.12bn | ILS 2.12bn | ILS 1.68bn | ILS 1.60bn | ILS 1.49bn | ILS 1.51bn | ILS 1.37bn | ILS 1.36bn |
| Cash and short-term investments | ILS 510.5m | ILS 350.8m | ILS 381.7m | ILS 536.1m | ILS 351.8m | ILS 364.7m | ILS 273.5m | ILS 356.7m | ILS 259.6m | ILS 227.3m |
| Total liabilities | ILS 1.25bn | ILS 1.13bn | ILS 1.14bn | ILS 1.31bn | ILS 1.21bn | ILS 1.22bn | ILS 1.08bn | ILS 1.04bn | ILS 946.1m | ILS 936.8m |
| Debt | ILS 991.5m | ILS 898.0m | ILS 924.8m | ILS 1.08bn | ILS 993.8m | ILS 1.06bn | ILS 923.9m | ILS 877.4m | ILS 796.3m | ILS 789.0m |
| Shareholders' equity | ILS 1.26bn | ILS 1.11bn | ILS 984.8m | ILS 805.5m | ILS 472.8m | ILS 388.0m | ILS 416.9m | ILS 466.8m | ILS 428.7m | ILS 423.6m |
| Shares outstanding | 13m | 12m | 12m | 12m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 30.7m | ILS 32.6m | ILS 80.2m | ILS 147.3m | ILS 141.1m | ILS 92.2m | ILS 95.7m | ILS 125.4m | ILS 146.6m | ILS 174.8m |
| Capital spending | −ILS 45.4m | −ILS 58.5m | −ILS 77.5m | −ILS 79.7m | −ILS 32.0m | −ILS 58.0m | −ILS 103.3m | −ILS 44.6m | −ILS 33.0m | −ILS 22.8m |
| Free cash flow | −ILS 14.7m | −ILS 25.9m | ILS 2.7m | ILS 67.6m | ILS 109.1m | ILS 34.2m | −ILS 7.6m | ILS 80.8m | ILS 113.5m | ILS 152.0m |
| Dividends paid | −ILS 59.5m | — | — | −ILS 57.7m | −ILS 114.7m | −ILS 65.4m | −ILS 87.2m | −ILS 87.2m | −ILS 76.3m | −ILS 65.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 654.9m | ILS 611.6m | ILS 503.0m | ILS 535.4m | ILS 531.9m | ILS 499.9m | ILS 452.7m | ILS 472.6m |
| Gross profit | ILS 202.7m | ILS 186.0m | ILS 152.7m | ILS 166.3m | ILS 164.9m | ILS 160.2m | ILS 144.3m | ILS 160.5m |
| Operating income | ILS 82.5m | ILS 71.7m | ILS 50.0m | ILS 63.7m | ILS 61.1m | ILS 58.2m | ILS 43.1m | ILS 58.6m |
| Net income | ILS 53.4m | ILS 50.3m | ILS 31.6m | ILS 43.5m | ILS 39.8m | ILS 39.1m | ILS 28.6m | ILS 40.5m |
| Diluted earnings per share | 4.04 | 3.80 | 2.39 | 3.29 | 3.01 | 2.95 | 2.33 | 3.31 |
| Cash from operations | ILS 14.0m | ILS 6.0m | ILS 1.0m | ILS 39.0m | −ILS 12.0m | ILS 1.0m | −ILS 16.0m | ILS 8.0m |
| Capital spending | −ILS 19.0m | −ILS 14.0m | −ILS 9.0m | −ILS 18.0m | −ILS 9.0m | −ILS 11.0m | −ILS 10.0m | −ILS 12.0m |
| Free cash flow | −ILS 5.0m | −ILS 8.0m | −ILS 8.0m | ILS 21.0m | −ILS 21.0m | −ILS 10.0m | −ILS 26.0m | −ILS 4.0m |
| Total assets | ILS 2.58bn | ILS 2.56bn | ILS 2.51bn | ILS 2.47bn | ILS 2.37bn | ILS 2.37bn | ILS 2.23bn | ILS 2.24bn |
| Cash and short-term investments | ILS 370.3m | ILS 355.7m | ILS 510.5m | ILS 473.0m | ILS 397.2m | ILS 367.5m | ILS 350.8m | ILS 354.1m |
| Debt | ILS 410.1m | ILS 946.1m | ILS 982.6m | ILS 905.1m | ILS 967.7m | ILS 918.9m | ILS 888.2m | ILS 866.6m |
| Shareholders' equity | ILS 1.23bn | ILS 1.27bn | ILS 1.26bn | ILS 1.29bn | ILS 1.15bn | ILS 1.18bn | ILS 1.11bn | ILS 1.12bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.1% | 33.6% | 35.3% | 38.9% | 39.9% | 30.9% |
| Operating margin | 11.9% | 12.5% | 14.4% | 19.2% | 19.7% | 10.3% |
| Net margin | 7.4% | 7.9% | 9.4% | 13.0% | 13.5% | 5.8% |
| Return on equity | 12.2% | 12.9% | 15.6% | 26.6% | 38.9% | 16.6% |
| Return on assets | 6.1% | 6.4% | 7.3% | 10.1% | 11.0% | 4.0% |
| Free cash flow yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% |
| Revenue growth | 14.8% | 10.1% | -0.6% | 20.7% | 23.8% | -3.6% |
| Earnings growth | 7.8% | -7.1% | -28.2% | 16.5% | 185.2% | -18.7% |
| Current ratio | 3.48x | 2.43x | 2.93x | 3.05x | 2.56x | 2.59x |
| Debt to equity | 0.77x | 0.80x | 0.93x | 1.32x | 2.06x | 2.68x |
| Equity ratio | 50.3% | 49.5% | 46.4% | 38.1% | 28.1% | 24.2% |
| Interest coverage | 5.95x | 6.23x | 7.00x | 9.48x | 10.01x | 4.18x |
| Buybacks as a share of market value | -8.1% | -0.3% | 0.5% | -7.0% | -5.2% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | 13.4% | 3.7% |
| Operating income | -9.4% | 11.5% | 10.8% |
| Net income | -10.4% | 19.0% | 14.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.2% | 33.9% | 34.4% | 31.8% |
| Operating margin | 11.4% | 13.6% | 14.3% | 12.6% |
| Net margin | 7.7% | 9.3% | 9.5% | 8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.0 | 12.5 | 8.5 | 7.5 | 8.1 | 11.0 | 10.8 | 9.9 | 11.7 | 10.4 |
| Price to sales | 1.1 | 1.0 | 0.8 | 1.0 | 1.1 | 0.6 | 0.8 | 0.8 | 0.9 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 19 Aug 2026.
| FY2026 | FY2025 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 4.50 | 5.00 | 10.00 | 6.00 | 8.00 | 8.00 | 7.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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