Cellcom Israel Ltd. (TLV:CEL)

Cellcom Israel 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	4,423	4,444	4,398	4,300	4,100	3,676
Revenue Growth (YoY)	-0.61%	1.05%	2.28%	4.88%	11.53%	-0.86%
Cost of Revenue	2,999	3,034	3,062	3,034	2,963	2,800
Gross Profit	1,424	1,410	1,336	1,266	1,137	876
Selling, General & Admin	1,031	1,036	1,001	950	967	910
Other Operating Expenses	-60	-15	-16	-15	-39	-20
Operating Expenses	978	1,027	983	937	933	917
Operating Income	446	383	353	329	204	-41
Interest Expense	-107	-114	-124	-137	-131	-121
Interest & Investment Income	34	35	34	20	15	22
Earnings From Equity Investments	-13	-16	-3	-1	-5	-14
Other Non Operating Income (Expenses)	-28	-28	-37	-27	-37	-55
EBT Excluding Unusual Items	332	260	223	184	46	-209
Legal Settlements	-27	-27	-33	18	-7	-
Pretax Income	305	233	190	202	39	-209
Income Tax Expense	79	60	56	45	12	-39
Earnings From Continuing Operations	226	173	134	157	27	-170
Net Income	226	173	134	157	27	-170
Net Income to Common	226	173	134	157	27	-170
Net Income Growth	130.61%	29.10%	-14.65%	481.48%	-	-
Shares Outstanding (Basic)	165	166	165	164	163	154
Shares Outstanding (Diluted)	165	166	166	166	164	154
Shares Change (YoY)	-1.65%	0.31%	-0.26%	1.54%	6.45%	29.88%
EPS (Basic)	1.37	1.04	0.81	0.96	0.17	-1.11
EPS (Diluted)	1.37	1.04	0.81	0.95	0.16	-1.11
EPS Growth	133.79%	28.39%	-14.74%	493.75%	-	-
Free Cash Flow	768	744	746	741	686	697
Free Cash Flow Per Share	4.64	4.47	4.50	4.46	4.19	4.53
Gross Margin	32.20%	31.73%	30.38%	29.44%	27.73%	23.83%
Operating Margin	10.08%	8.62%	8.03%	7.65%	4.98%	-1.11%
Profit Margin	5.11%	3.89%	3.05%	3.65%	0.66%	-4.63%
Free Cash Flow Margin	17.36%	16.74%	16.96%	17.23%	16.73%	18.96%
EBITDA	1,006	936	864	823	1,100	883
EBITDA Margin	22.75%	21.06%	19.65%	19.14%	26.83%	24.02%
D&A For EBITDA	560	553	511	494	896	924
EBIT	446	383	353	329	204	-41
EBIT Margin	10.08%	8.62%	8.03%	7.65%	4.98%	-1.11%
Effective Tax Rate	25.90%	25.75%	29.47%	22.28%	30.77%	-
Advertising Expenses	-	61	61	56	57	39

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.