Afcon Holdings Income Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,683	1,784	2,155	2,094	2,113
Revenue Growth (YoY)	-5.64%	-17.21%	2.92%	-0.90%	21.84%
Cost of Revenue	1,425	1,566	2,000	1,958	1,900
Gross Profit	258.44	217.53	154.48	135.35	213.02
Selling, General & Admin	136.74	132.45	125.75	130.08	124.88
Research & Development	1.82	4.87	5.81	6.64	2.81
Other Operating Expenses	3.79	0.64	-9.88	2.43	0.47
Operating Expenses	142.35	137.96	121.68	139.14	128.16
Operating Income	116.09	79.57	32.81	-3.8	84.86
Interest Expense	-41.36	-37.95	-40.23	-39.34	-30.24
Interest & Investment Income	16.69	18.58	18.32	20.19	14.82
Earnings From Equity Investments	6.15	9.16	5.25	-6.02	-2.82
Currency Exchange Gain (Loss)	-0.59	2.52	-3.16	-3.51	-2.07
Other Non Operating Income (Expenses)	-11.37	-11.97	-9.35	-8.76	-7.29
EBT Excluding Unusual Items	85.62	59.91	3.63	-41.23	57.26
Gain (Loss) on Sale of Investments	-0.75	-	-3.75	-	108.45
Asset Writedown	-	-	-	-	-1.7
Legal Settlements	-	-7.88	-0.11	0.24	-2.11
Other Unusual Items	-0.2	-	-	0.68	-1.74
Pretax Income	84.67	52.03	-0.23	-40.32	160.17
Income Tax Expense	1.47	-11.53	8.5	9.37	39.25
Earnings From Continuing Operations	83.19	63.56	-8.73	-49.69	120.92
Minority Interest in Earnings	-6.23	-3.76	0.16	-4.13	-1.51
Net Income	76.97	59.8	-8.56	-53.82	119.41
Net Income to Common	76.97	59.8	-8.56	-53.82	119.41
Net Income Growth	28.71%	-	-	-	783.86%
Shares Outstanding (Basic)	6	5	5	5	5
Shares Outstanding (Diluted)	6	5	5	5	5
Shares Change (YoY)	9.63%	2.25%	0.16%	0.01%	-1.71%
EPS (Basic)	13.60	11.54	-1.69	-10.64	23.61
EPS (Diluted)	13.55	11.54	-1.69	-10.64	23.61
EPS Growth	17.40%	-	-	-	799.24%
Free Cash Flow	54.87	13.28	61.84	-135.96	155.41
Free Cash Flow Per Share	9.66	2.56	12.20	-26.88	30.73
Dividend Per Share	8.979	3.769	-	4.940	4.940
Dividend Growth	138.23%	-	-	-	-47.95%
Gross Margin	15.35%	12.19%	7.17%	6.46%	10.08%
Operating Margin	6.90%	4.46%	1.52%	-0.18%	4.02%
Profit Margin	4.57%	3.35%	-0.40%	-2.57%	5.65%
Free Cash Flow Margin	3.26%	0.74%	2.87%	-6.49%	7.36%
EBITDA	131.28	92.8	88.57	43.53	135.11
EBITDA Margin	7.80%	5.20%	4.11%	2.08%	6.40%
D&A For EBITDA	15.18	13.23	55.77	47.32	50.25
EBIT	116.09	79.57	32.81	-3.8	84.86
EBIT Margin	6.90%	4.46%	1.52%	-0.18%	4.02%
Effective Tax Rate	1.74%	-	-	-	24.50%
Advertising Expenses	0.28	1.31	0.3	0.49	0.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.