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
Period Ending	Sep '25 Sep 30, 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
Revenue	4,287	4,444	4,398	4,300	4,100	3,676
Revenue Growth (YoY)	-4.12%	1.05%	2.28%	4.88%	11.53%	-0.86%
Cost of Revenue	2,845	3,034	3,062	3,034	2,963	2,800
Gross Profit	1,442	1,410	1,336	1,266	1,137	876
Selling, General & Admin	1,027	1,036	1,001	950	967	910
Other Operating Expenses	-63	-15	-16	-15	-39	-20
Operating Expenses	973	1,027	983	937	933	917
Operating Income	469	383	353	329	204	-41
Interest Expense	-100	-114	-124	-137	-131	-121
Interest & Investment Income	37	35	34	20	15	22
Earnings From Equity Investments	-3	-16	-3	-1	-5	-14
Other Non Operating Income (Expenses)	-28	-28	-37	-27	-37	-55
EBT Excluding Unusual Items	375	260	223	184	46	-209
Legal Settlements	-27	-27	-33	18	-7	-
Pretax Income	348	233	190	202	39	-209
Income Tax Expense	93	60	56	45	12	-39
Earnings From Continuing Operations	255	173	134	157	27	-170
Net Income	255	173	134	157	27	-170
Net Income to Common	255	173	134	157	27	-170
Net Income Growth	68.87%	29.10%	-14.65%	481.48%	-	-
Shares Outstanding (Basic)	166	166	165	164	163	154
Shares Outstanding (Diluted)	167	166	166	166	164	154
Shares Change (YoY)	0.24%	0.31%	-0.26%	1.54%	6.45%	29.88%
EPS (Basic)	1.54	1.04	0.81	0.96	0.17	-1.11
EPS (Diluted)	1.53	1.04	0.81	0.95	0.16	-1.11
EPS Growth	68.13%	28.39%	-14.74%	493.75%	-	-
Free Cash Flow	834	744	746	741	686	697
Free Cash Flow Per Share	5.00	4.47	4.50	4.46	4.19	4.53
Gross Margin	33.64%	31.73%	30.38%	29.44%	27.73%	23.83%
Operating Margin	10.94%	8.62%	8.03%	7.65%	4.98%	-1.11%
Profit Margin	5.95%	3.89%	3.05%	3.65%	0.66%	-4.63%
Free Cash Flow Margin	19.45%	16.74%	16.96%	17.23%	16.73%	18.96%
EBITDA	1,029	936	864	823	1,100	883
EBITDA Margin	24.00%	21.06%	19.65%	19.14%	26.83%	24.02%
D&A For EBITDA	560	553	511	494	896	924
EBIT	469	383	353	329	204	-41
EBIT Margin	10.94%	8.62%	8.03%	7.65%	4.98%	-1.11%
Effective Tax Rate	26.72%	25.75%	29.47%	22.28%	30.77%	-
Advertising Expenses	-	61	61	56	57	39

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