Africa Israel Residences 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	925.38	966.48	1,079	962.54	805.37
Revenue Growth (YoY)	-4.25%	-10.45%	12.12%	19.52%	-40.04%
Cost of Revenue	714.46	733.96	838.62	738.8	665.25
Gross Profit	210.92	232.52	240.58	223.75	140.11
Selling, General & Admin	62.53	62.6	55.51	62.34	49.51
Other Operating Expenses	3.09	2.16	1.09	-2.62	-0.55
Operating Expenses	65.61	64.76	56.6	59.72	48.96
Operating Income	145.3	167.76	183.98	164.03	91.16
Interest Expense	-84.47	-82.34	-61.93	-57.32	-41.2
Interest & Investment Income	-	37.83	28.72	15.86	26.4
Earnings From Equity Investments	26.76	54.29	17.58	52.49	107.02
Other Non Operating Income (Expenses)	46.56	3.94	2.56	1.99	-
EBT Excluding Unusual Items	134.16	181.49	170.9	177.03	183.38
Gain (Loss) on Sale of Investments	-	13.33	10.67	-15.03	-
Asset Writedown	103.32	67.01	37.16	83.41	78.26
Pretax Income	237.47	261.83	218.73	245.41	261.64
Income Tax Expense	37.33	40.24	47.26	43.9	41.87
Earnings From Continuing Operations	200.14	221.59	171.46	201.5	219.77
Minority Interest in Earnings	-4.6	-3.69	-	-	-
Net Income	195.54	217.9	171.46	201.5	219.77
Net Income to Common	195.54	217.9	171.46	201.5	219.77
Net Income Growth	-10.26%	27.08%	-14.91%	-8.31%	114.27%
Shares Outstanding (Basic)	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13
Shares Change (YoY)	0.44%	0.41%	-	-	-
EPS (Basic)	15.44	17.23	13.56	15.94	17.38
EPS (Diluted)	15.33	17.16	13.56	15.94	17.38
EPS Growth	-10.66%	26.55%	-14.92%	-8.31%	114.27%
Free Cash Flow	-220.3	-103.7	-56.96	765.99	409.02
Free Cash Flow Per Share	-17.28	-8.17	-4.50	60.58	32.35
Dividend Per Share	-	6.172	7.118	5.694	4.746
Dividend Growth	-	-13.30%	25.02%	19.98%	-
Gross Margin	22.79%	24.06%	22.29%	23.24%	17.40%
Operating Margin	15.70%	17.36%	17.05%	17.04%	11.32%
Profit Margin	21.13%	22.55%	15.89%	20.93%	27.29%
Free Cash Flow Margin	-23.81%	-10.73%	-5.28%	79.58%	50.79%
EBITDA	149.7	172.75	188.68	165.88	92.18
EBITDA Margin	16.18%	17.88%	17.48%	17.23%	11.45%
D&A For EBITDA	4.4	4.99	4.7	1.85	1.03
EBIT	145.3	167.76	183.98	164.03	91.16
EBIT Margin	15.70%	17.36%	17.05%	17.04%	11.32%
Effective Tax Rate	15.72%	15.37%	21.61%	17.89%	16.00%

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