TLV:BEZQ 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	8,702	8,884	9,103	8,986	8,821
Revenue Growth (YoY)	-2.05%	-2.41%	1.30%	1.87%	1.12%
Cost of Revenue	1,883	1,953	1,932	1,832	1,889
Gross Profit	6,819	6,931	7,171	7,154	6,932
Selling, General & Admin	2,860	3,257	3,374	3,389	3,257
Other Operating Expenses	13	12	14	48	-34
Operating Expenses	4,681	4,976	5,255	5,305	5,112
Operating Income	2,138	1,955	1,916	1,849	1,820
Interest Expense	-354	-346	-299	-254	-270
Interest & Investment Income	95	106	111	44	32
Earnings From Equity Investments	-19	-8	-	-	-
Currency Exchange Gain (Loss)	-7	-	-12	-8	-5
Other Non Operating Income (Expenses)	-20	-48	-59	-120	-40
EBT Excluding Unusual Items	1,833	1,659	1,657	1,511	1,537
Merger & Restructuring Charges	-271	-195	-74	-180	-132
Gain (Loss) on Sale of Investments	3	59	25	23	-
Gain (Loss) on Sale of Assets	5	8	2	8	175
Asset Writedown	121	-137	-	-	-
Other Unusual Items	-	-	-75	-26	-15
Pretax Income	1,691	1,394	1,535	1,336	1,565
Income Tax Expense	274	321	346	336	382
Earnings From Continuing Operations	1,417	1,073	1,189	1,000	1,183
Minority Interest in Earnings	-	-1	-	-	-
Net Income	1,417	1,072	1,189	1,000	1,183
Net Income to Common	1,417	1,072	1,189	1,000	1,183
Net Income Growth	32.18%	-9.84%	18.90%	-15.47%	48.62%
Shares Outstanding (Basic)	2,775	2,770	2,767	2,766	2,765
Shares Outstanding (Diluted)	2,775	2,770	2,767	2,766	2,765
Shares Change (YoY)	0.18%	0.11%	0.04%	0.04%	-
EPS (Basic)	0.51	0.39	0.43	0.36	0.43
EPS (Diluted)	0.51	0.39	0.43	0.36	0.43
EPS Growth	31.95%	-9.94%	18.86%	-15.50%	48.62%
Free Cash Flow	1,997	2,090	2,122	2,150	1,511
Free Cash Flow Per Share	0.72	0.76	0.77	0.78	0.55
Dividend Per Share	-	0.288	0.277	0.195	0.087
Dividend Growth	-	4.21%	41.81%	124.97%	-
Gross Margin	78.36%	78.02%	78.78%	79.61%	78.59%
Operating Margin	24.57%	22.01%	21.05%	20.58%	20.63%
Profit Margin	16.28%	12.07%	13.06%	11.13%	13.41%
Free Cash Flow Margin	22.95%	23.52%	23.31%	23.93%	17.13%
EBITDA	3,215	2,973	3,783	3,717	3,709
EBITDA Margin	36.95%	33.47%	41.56%	41.36%	42.05%
D&A For EBITDA	1,077	1,018	1,867	1,868	1,889
EBIT	2,138	1,955	1,916	1,849	1,820
EBIT Margin	24.57%	22.01%	21.05%	20.58%	20.63%
Effective Tax Rate	16.20%	23.03%	22.54%	25.15%	24.41%

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