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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,005	966.48	1,079	962.54	805.37	1,343
Revenue Growth (YoY)	-4.92%	-10.45%	12.12%	19.52%	-40.04%	4.06%
Cost of Revenue	758.78	733.96	838.62	738.8	665.25	1,152
Gross Profit	246.1	232.52	240.58	223.75	140.11	191.47
Selling, General & Admin	61.37	62.6	55.51	62.34	49.51	51.87
Other Operating Expenses	2.01	2.16	1.09	-2.62	-0.55	1.73
Operating Expenses	63.38	64.76	56.6	59.72	48.96	53.6
Operating Income	182.72	167.76	183.98	164.03	91.16	137.87
Interest Expense	-86.95	-82.34	-61.93	-57.32	-41.2	-44.32
Interest & Investment Income	40.37	37.83	28.72	15.86	26.4	8.02
Earnings From Equity Investments	57.59	54.29	17.58	52.49	107.02	17.32
Other Non Operating Income (Expenses)	3.94	3.94	2.56	1.99	-	-
EBT Excluding Unusual Items	197.66	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	278.01	261.83	218.73	245.41	261.64	131.63
Income Tax Expense	43.07	40.24	47.26	43.9	41.87	29.06
Earnings From Continuing Operations	234.93	221.59	171.46	201.5	219.77	102.57
Minority Interest in Earnings	-5.11	-3.69	-	-	-	-
Net Income	229.82	217.9	171.46	201.5	219.77	102.57
Net Income to Common	229.82	217.9	171.46	201.5	219.77	102.57
Net Income Growth	34.20%	27.08%	-14.91%	-8.31%	114.27%	-1.63%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	0.57%	0.41%	-	-	-	-
EPS (Basic)	18.17	17.23	13.56	15.94	17.38	8.11
EPS (Diluted)	18.06	17.16	13.56	15.94	17.38	8.11
EPS Growth	33.43%	26.55%	-14.92%	-8.31%	114.27%	-1.63%
Free Cash Flow	-58.52	-103.7	-56.96	765.99	409.02	-222.45
Free Cash Flow Per Share	-4.60	-8.17	-4.50	60.58	32.35	-17.59
Dividend Per Share	6.408	6.172	7.118	5.694	4.746	4.746
Dividend Growth	-6.88%	-13.30%	25.02%	19.98%	-	20.14%
Gross Margin	24.49%	24.06%	22.29%	23.24%	17.40%	14.25%
Operating Margin	18.18%	17.36%	17.05%	17.04%	11.32%	10.26%
Profit Margin	22.87%	22.55%	15.89%	20.93%	27.29%	7.64%
Free Cash Flow Margin	-5.82%	-10.73%	-5.28%	79.58%	50.79%	-16.56%
EBITDA	187.86	172.75	188.68	165.88	92.18	141.64
EBITDA Margin	18.70%	17.88%	17.48%	17.23%	11.45%	10.54%
D&A For EBITDA	5.14	4.99	4.7	1.85	1.03	3.77
EBIT	182.72	167.76	183.98	164.03	91.16	137.87
EBIT Margin	18.18%	17.36%	17.05%	17.04%	11.32%	10.26%
Effective Tax Rate	15.49%	15.37%	21.61%	17.89%	16.00%	22.08%

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