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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,370	4,444	4,398	4,300	4,100	3,676
Revenue Growth (YoY)	-2.46%	1.05%	2.28%	4.88%	11.53%	-0.86%
Cost of Revenue	2,952	3,034	3,062	3,034	2,963	2,800
Gross Profit	1,418	1,410	1,336	1,266	1,137	876
Selling, General & Admin	1,026	1,036	1,001	950	967	910
Other Operating Expenses	-67	-15	-16	-15	-39	-20
Operating Expenses	966	1,027	983	937	933	917
Operating Income	452	383	353	329	204	-41
Interest Expense	-101	-114	-124	-137	-131	-121
Interest & Investment Income	24	35	34	20	15	22
Earnings From Equity Investments	-9	-16	-3	-1	-5	-14
Other Non Operating Income (Expenses)	-16	-28	-37	-27	-37	-55
EBT Excluding Unusual Items	350	260	223	184	46	-209
Legal Settlements	-27	-27	-33	18	-7	-
Pretax Income	323	233	190	202	39	-209
Income Tax Expense	88	60	56	45	12	-39
Earnings From Continuing Operations	235	173	134	157	27	-170
Net Income	235	173	134	157	27	-170
Net Income to Common	235	173	134	157	27	-170
Net Income Growth	58.78%	29.10%	-14.65%	481.48%	-	-
Shares Outstanding (Basic)	164	166	165	164	163	154
Shares Outstanding (Diluted)	165	166	166	166	164	154
Shares Change (YoY)	-1.76%	0.31%	-0.26%	1.54%	6.45%	29.88%
EPS (Basic)	1.43	1.04	0.81	0.96	0.17	-1.11
EPS (Diluted)	1.43	1.04	0.81	0.95	0.16	-1.11
EPS Growth	61.57%	28.39%	-14.74%	493.75%	-	-
Free Cash Flow	810	744	746	741	686	697
Free Cash Flow Per Share	4.92	4.47	4.50	4.46	4.19	4.53
Gross Margin	32.45%	31.73%	30.38%	29.44%	27.73%	23.83%
Operating Margin	10.34%	8.62%	8.03%	7.65%	4.98%	-1.11%
Profit Margin	5.38%	3.89%	3.05%	3.65%	0.66%	-4.63%
Free Cash Flow Margin	18.54%	16.74%	16.96%	17.23%	16.73%	18.96%
EBITDA	1,014	936	864	823	1,100	883
EBITDA Margin	23.20%	21.06%	19.65%	19.14%	26.83%	24.02%
D&A For EBITDA	562	553	511	494	896	924
EBIT	452	383	353	329	204	-41
EBIT Margin	10.34%	8.62%	8.03%	7.65%	4.98%	-1.11%
Effective Tax Rate	27.25%	25.75%	29.47%	22.28%	30.77%	-
Advertising Expenses	-	61	61	56	57	39

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.