Cellcom Israel 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	4,244	4,444	4,398	4,300	4,100
Revenue Growth (YoY)	-4.50%	1.05%	2.28%	4.88%	11.53%
Cost of Revenue	2,793	3,034	3,062	3,034	2,963
Gross Profit	1,451	1,410	1,336	1,266	1,137
Selling, General & Admin	1,067	1,036	1,001	950	967
Other Operating Expenses	-23	-15	-16	-15	-39
Operating Expenses	1,055	1,027	983	937	933
Operating Income	396	383	353	329	204
Interest Expense	-98	-114	-124	-137	-131
Interest & Investment Income	34	31	34	20	15
Earnings From Equity Investments	1	-16	-3	-1	-5
Other Non Operating Income (Expenses)	-17	-24	-37	-27	-37
EBT Excluding Unusual Items	316	260	223	184	46
Gain (Loss) on Sale of Investments	386	-	-	-	-
Legal Settlements	12	-27	-33	18	-7
Pretax Income	714	233	190	202	39
Income Tax Expense	150	60	56	45	12
Earnings From Continuing Operations	564	173	134	157	27
Net Income	564	173	134	157	27
Net Income to Common	564	173	134	157	27
Net Income Growth	226.01%	29.10%	-14.65%	481.48%	-
Shares Outstanding (Basic)	168	166	165	164	163
Shares Outstanding (Diluted)	170	166	166	166	164
Shares Change (YoY)	2.52%	0.31%	-0.26%	1.54%	6.45%
EPS (Basic)	3.35	1.04	0.81	0.96	0.17
EPS (Diluted)	3.31	1.04	0.81	0.95	0.16
EPS Growth	218.27%	28.39%	-14.74%	493.75%	-
Free Cash Flow	807	744	746	741	686
Free Cash Flow Per Share	4.73	4.47	4.50	4.46	4.19
Dividend Per Share	2.380	-	-	-	-
Gross Margin	34.19%	31.73%	30.38%	29.44%	27.73%
Operating Margin	9.33%	8.62%	8.03%	7.65%	4.98%
Profit Margin	13.29%	3.89%	3.05%	3.65%	0.66%
Free Cash Flow Margin	19.02%	16.74%	16.96%	17.23%	16.73%
EBITDA	927	882	1,231	823	1,100
EBITDA Margin	21.84%	19.85%	27.99%	19.14%	26.83%
D&A For EBITDA	531	499	878	494	896
EBIT	396	383	353	329	204
EBIT Margin	9.33%	8.62%	8.03%	7.65%	4.98%
Effective Tax Rate	21.01%	25.75%	29.47%	22.28%	30.77%
Advertising Expenses	64	61	61	56	57

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.