Africa Israel Residences Ltd (TLV:AFRE)

Africa Israel Residences Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	976.67	966.48	1,079	962.54	805.37	1,343
Revenue Growth (YoY)	0.09%	-10.45%	12.12%	19.52%	-40.04%	4.06%
Cost of Revenue	735.43	733.96	838.62	738.8	665.25	1,152
Gross Profit	241.25	232.52	240.58	223.75	140.11	191.47
Selling, General & Admin	62.13	62.6	55.51	62.34	49.51	51.87
Other Operating Expenses	2.97	2.16	1.09	-2.62	-0.55	1.73
Operating Expenses	65.1	64.76	56.6	59.72	48.96	53.6
Operating Income	176.15	167.76	183.98	164.03	91.16	137.87
Interest Expense	-91.16	-82.34	-61.93	-57.32	-41.2	-44.32
Interest & Investment Income	37.83	37.83	28.72	15.86	26.4	8.02
Earnings From Equity Investments	53.69	54.29	17.58	52.49	107.02	17.32
Other Non Operating Income (Expenses)	8.87	3.94	2.56	1.99	-	-
EBT Excluding Unusual Items	185.38	181.49	170.9	177.03	183.38	118.89
Gain (Loss) on Sale of Investments	13.33	13.33	10.67	-15.03	-	-7.7
Asset Writedown	67.01	67.01	37.16	83.41	78.26	20.44
Pretax Income	265.72	261.83	218.73	245.41	261.64	131.63
Income Tax Expense	43.27	40.24	47.26	43.9	41.87	29.06
Earnings From Continuing Operations	222.45	221.59	171.46	201.5	219.77	102.57
Minority Interest in Earnings	-5.49	-3.69	-	-	-	-
Net Income	216.96	217.9	171.46	201.5	219.77	102.57
Net Income to Common	216.96	217.9	171.46	201.5	219.77	102.57
Net Income Growth	31.37%	27.08%	-14.91%	-8.31%	114.27%	-1.63%
Shares Outstanding (Basic)	-	13	13	13	13	13
Shares Outstanding (Diluted)	-	13	13	13	13	13
Shares Change (YoY)	-	0.41%	-	-	-	-
EPS (Basic)	-	17.23	13.56	15.94	17.38	8.11
EPS (Diluted)	-	17.16	13.56	15.94	17.38	8.11
EPS Growth	-	26.55%	-14.92%	-8.31%	114.27%	-1.63%
Free Cash Flow	114.05	-103.7	-56.96	765.99	409.02	-222.45
Free Cash Flow Per Share	-	-8.17	-4.50	60.58	32.35	-17.59
Dividend Per Share	6.172	6.172	7.118	5.694	4.746	4.746
Dividend Growth	56.07%	-13.30%	25.02%	19.98%	-	20.14%
Gross Margin	24.70%	24.06%	22.29%	23.24%	17.40%	14.25%
Operating Margin	18.04%	17.36%	17.05%	17.04%	11.32%	10.26%
Profit Margin	22.21%	22.55%	15.89%	20.93%	27.29%	7.64%
Free Cash Flow Margin	11.68%	-10.73%	-5.28%	79.58%	50.79%	-16.56%
EBITDA	181.3	172.75	188.68	165.88	92.18	141.64
EBITDA Margin	18.56%	17.88%	17.48%	17.23%	11.45%	10.54%
D&A For EBITDA	5.15	4.99	4.7	1.85	1.03	3.77
EBIT	176.15	167.76	183.98	164.03	91.16	137.87
EBIT Margin	18.04%	17.36%	17.05%	17.04%	11.32%	10.26%
Effective Tax Rate	16.29%	15.37%	21.61%	17.89%	16.00%	22.08%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.