Azrieli Group Balance Sheet

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property, Plant & Equipment	53,532	52,791	48,950	45,409	39,985	34,685
Cash & Equivalents	3,991	3,800	4,633	4,915	3,404	2,886
Accounts Receivable	583	493	132	159	78	83
Other Receivables	591	247	158	295	111	221
Investment In Debt and Equity Securities	1,846	1,847	1,523	1,038	1,030	1,288
Goodwill	-	1,462	1,473	1,612	1,644	1,635
Other Intangible Assets	1,511	15	-	2	24	15
Other Current Assets	942	1,197	288	276	84	81
Deferred Long-Term Tax Assets	-	5	2	2	1	1
Other Long-Term Assets	2,433	1,715	774	364	2,113	1,476
Total Assets	65,429	63,572	57,933	54,072	48,474	42,371
Current Portion of Long-Term Debt	-	1,887	1,761	2,027	1,143	935
Long-Term Debt	25,776	26,091	23,421	19,935	17,033	13,713
Long-Term Leases	409	334	317	318	21	16
Accounts Payable	545	580	617	751	669	383
Accrued Expenses	-	330	281	204	204	111
Current Income Taxes Payable	4	3	3	43	69	3
Current Unearned Revenue	-	209	77	89	74	77
Other Current Liabilities	3,222	1,720	1,551	1,417	1,316	1,159
Long-Term Deferred Tax Liabilities	6,037	5,909	5,267	4,845	4,606	4,506
Other Long-Term Liabilities	271	348	79	78	75	67
Total Liabilities	39,068	38,255	34,096	30,504	26,372	21,599
Common Stock	18	18	18	18	18	18
Additional Paid-In Capital	3,912	2,518	2,518	2,518	2,518	2,518
Retained Earnings	22,241	22,551	21,065	20,588	19,063	17,850
Comprehensive Income & Other	168	208	206	419	474	356
Total Common Equity	26,339	25,295	23,807	23,543	22,073	20,742
Minority Interest	22	22	30	25	29	30
Shareholders' Equity	26,361	25,317	23,837	23,568	22,102	20,772
Total Liabilities & Equity	65,429	63,572	57,933	54,072	48,474	42,371
Total Debt	28,989	29,148	26,211	23,067	19,350	15,285
Net Cash (Debt)	-24,998	-25,348	-21,578	-18,152	-15,946	-12,399
Net Cash Per Share	-205.76	-208.87	-177.18	-149.68	-131.49	-102.24
Filing Date Shares Outstanding	121.6	121.27	121.27	121.27	121.27	121.27
Total Common Shares Outstanding	121.6	121.27	121.27	121.27	121.27	121.27
Book Value Per Share	216.61	208.58	196.31	194.13	182.01	171.04
Tangible Book Value	24,828	23,818	22,334	21,929	20,405	19,092
Tangible Book Value Per Share	204.19	196.40	184.16	180.82	168.26	157.43
Land	-	45,331	44,180	38,691	35,936	31,422
Buildings	-	201	172	171	171	170
Construction In Progress	-	7,080	4,434	6,447	3,778	3,015