Cellcom Israel Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	4,423	4,444	4,398	4,300	4,100	3,676	Upgrade
Revenue Growth (YoY)	-0.61%	1.05%	2.28%	4.88%	11.53%	-0.86%	Upgrade
Cost of Revenue	2,999	3,034	3,062	3,034	2,963	2,800	Upgrade
Gross Profit	1,424	1,410	1,336	1,266	1,137	876	Upgrade
Selling, General & Admin	1,031	1,036	1,001	950	967	910	Upgrade
Other Operating Expenses	-60	-15	-16	-15	-39	-20	Upgrade
Operating Expenses	978	1,027	983	937	933	917	Upgrade
Operating Income	446	383	353	329	204	-41	Upgrade
Interest Expense	-107	-114	-124	-137	-131	-121	Upgrade
Interest & Investment Income	34	35	34	20	15	22	Upgrade
Earnings From Equity Investments	-13	-16	-3	-1	-5	-14	Upgrade
Other Non Operating Income (Expenses)	-28	-28	-37	-27	-37	-55	Upgrade
EBT Excluding Unusual Items	332	260	223	184	46	-209	Upgrade
Legal Settlements	-27	-27	-33	18	-7	-	Upgrade
Pretax Income	305	233	190	202	39	-209	Upgrade
Income Tax Expense	79	60	56	45	12	-39	Upgrade
Earnings From Continuing Operations	226	173	134	157	27	-170	Upgrade
Net Income	226	173	134	157	27	-170	Upgrade
Net Income to Common	226	173	134	157	27	-170	Upgrade
Net Income Growth	130.61%	29.10%	-14.65%	481.48%	-	-	Upgrade
Shares Outstanding (Basic)	165	166	165	164	163	154	Upgrade
Shares Outstanding (Diluted)	165	166	166	166	164	154	Upgrade
Shares Change (YoY)	-1.65%	0.31%	-0.26%	1.54%	6.45%	29.88%	Upgrade
EPS (Basic)	1.37	1.04	0.81	0.96	0.17	-1.11	Upgrade
EPS (Diluted)	1.37	1.04	0.81	0.95	0.16	-1.11	Upgrade
EPS Growth	133.79%	28.39%	-14.74%	493.75%	-	-	Upgrade
Free Cash Flow	768	744	746	741	686	697	Upgrade
Free Cash Flow Per Share	4.64	4.47	4.50	4.46	4.19	4.53	Upgrade
Gross Margin	32.20%	31.73%	30.38%	29.44%	27.73%	23.83%	Upgrade
Operating Margin	10.08%	8.62%	8.03%	7.65%	4.98%	-1.11%	Upgrade
Profit Margin	5.11%	3.89%	3.05%	3.65%	0.66%	-4.63%	Upgrade
Free Cash Flow Margin	17.36%	16.74%	16.96%	17.23%	16.73%	18.96%	Upgrade
EBITDA	1,006	936	864	823	1,100	883	Upgrade
EBITDA Margin	22.75%	21.06%	19.65%	19.14%	26.83%	24.02%	Upgrade
D&A For EBITDA	560	553	511	494	896	924	Upgrade
EBIT	446	383	353	329	204	-41	Upgrade
EBIT Margin	10.08%	8.62%	8.03%	7.65%	4.98%	-1.11%	Upgrade
Effective Tax Rate	25.90%	25.75%	29.47%	22.28%	30.77%	-	Upgrade
Advertising Expenses	-	61	61	56	57	39	Upgrade

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