C. Mer Industries 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	666.36	663.7	646.15	513.26	435.19
Revenue Growth (YoY)	0.40%	2.72%	25.89%	17.94%	15.97%
Cost of Revenue	533.8	545.02	545.42	436.42	365.03
Gross Profit	132.56	118.67	100.73	76.85	70.16
Selling, General & Admin	66.79	58.63	56.46	50.48	48.14
Research & Development	5.09	4.17	4.29	5	4.8
Other Operating Expenses	0.56	1.05	0.02	-1.2	-0.05
Operating Expenses	72.44	63.85	60.77	54.27	52.89
Operating Income	60.11	54.82	39.96	22.57	17.27
Interest Expense	-11.12	-15.97	-16.66	-11.71	-11.02
Interest & Investment Income	0.75	0.54	0.53	0.45	0.39
Earnings From Equity Investments	2.63	2.7	2.75	2.65	1.73
Currency Exchange Gain (Loss)	-8.63	-1.36	-6.05	-1.26	-4.51
Other Non Operating Income (Expenses)	2.23	2.25	0.34	0.02	0.38
EBT Excluding Unusual Items	45.98	42.99	20.87	12.72	4.25
Gain (Loss) on Sale of Investments	-	-2.96	-	-14.9	0.45
Gain (Loss) on Sale of Assets	0.11	0.14	-1.02	-0.05	0.02
Pretax Income	46.09	40.17	19.85	-2.24	4.72
Income Tax Expense	4.83	5.74	3.56	1.35	-0
Earnings From Continuing Operations	41.25	34.43	16.28	-3.59	4.72
Earnings From Discontinued Operations	-	-	-	-2.05	-2.12
Net Income to Company	41.25	34.43	16.28	-5.64	2.6
Net Income	41.25	34.43	16.28	-5.64	2.6
Net Income to Common	41.25	34.43	16.28	-5.64	2.6
Net Income Growth	19.81%	111.47%	-	-	-
Shares Outstanding (Basic)	13	13	13	13	13
Shares Outstanding (Diluted)	14	13	13	13	13
Shares Change (YoY)	1.44%	2.46%	0.85%	-0.11%	0.11%
EPS (Basic)	3.14	2.64	1.25	-0.43	0.20
EPS (Diluted)	3.03	2.56	1.24	-0.43	0.20
EPS Growth	18.36%	106.45%	-	-	-
Free Cash Flow	74.9	38.73	27.37	52.5	41.2
Free Cash Flow Per Share	5.49	2.88	2.09	4.04	3.16
Gross Margin	19.89%	17.88%	15.59%	14.97%	16.12%
Operating Margin	9.02%	8.26%	6.18%	4.40%	3.97%
Profit Margin	6.19%	5.19%	2.52%	-1.10%	0.60%
Free Cash Flow Margin	11.24%	5.83%	4.24%	10.23%	9.47%
EBITDA	63.74	58.35	63.52	45.71	41.37
EBITDA Margin	9.56%	8.79%	9.83%	8.91%	9.51%
D&A For EBITDA	3.62	3.53	23.57	23.13	24.11
EBIT	60.11	54.82	39.96	22.57	17.27
EBIT Margin	9.02%	8.26%	6.18%	4.40%	3.97%
Effective Tax Rate	10.49%	14.29%	17.95%	-	-
Advertising Expenses	0.78	0.41	0.21	0.27	-

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