Carasso Real Estate 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	519.26	497.24	443.83	618.24	579.17
Revenue Growth (YoY)	4.43%	12.03%	-28.21%	6.75%	63.69%
Cost of Revenue	356.69	340.17	313.33	472.64	472.08
Gross Profit	162.57	157.08	130.51	145.6	107.09
Selling, General & Admin	73.33	71.96	61.18	61.38	40.97
Other Operating Expenses	6.38	8.78	3.31	2.27	11.81
Operating Expenses	79.71	80.74	64.49	63.65	52.78
Operating Income	82.86	76.34	66.02	81.94	54.31
Interest Expense	-179.32	-135.16	-87.03	-63.5	-46.59
Interest & Investment Income	28.44	18.3	12.21	5.74	5.95
Earnings From Equity Investments	2.09	7.52	1.32	-5.16	-0.81
Other Non Operating Income (Expenses)	21.54	21.18	8.81	-14.18	-21.78
EBT Excluding Unusual Items	-44.4	-11.83	1.33	4.84	-8.92
Gain (Loss) on Sale of Assets	0.34	0.21	0.38	0.19	0.27
Asset Writedown	62.58	166.38	12.67	130.27	125.63
Legal Settlements	-	-1.5	-	-	-
Pretax Income	18.53	153.26	14.38	135.29	116.97
Income Tax Expense	2.23	32.37	-1.32	24.49	33.44
Earnings From Continuing Operations	16.29	120.89	15.7	110.8	83.54
Minority Interest in Earnings	-0.88	-1.8	0.19	-1.59	-4.91
Net Income	15.42	119.08	15.89	109.21	78.63
Net Income to Common	15.42	119.08	15.89	109.21	78.63
Net Income Growth	-87.05%	649.23%	-85.45%	38.89%	-
Shares Outstanding (Basic)	56	54	54	49	40
Shares Outstanding (Diluted)	58	55	54	49	40
Shares Change (YoY)	4.39%	1.89%	11.54%	20.09%	-
EPS (Basic)	0.27	2.20	0.29	2.25	1.94
EPS (Diluted)	0.27	2.16	0.29	2.25	1.94
EPS Growth	-87.50%	644.83%	-87.11%	15.65%	-
Free Cash Flow	-398.04	-214.58	-357.31	91.03	175.79
Free Cash Flow Per Share	-6.91	-3.89	-6.60	1.88	4.35
Dividend Per Share	-	1.127	0.370	0.370	-
Dividend Growth	-	204.68%	-	-	-
Gross Margin	31.31%	31.59%	29.40%	23.55%	18.49%
Operating Margin	15.96%	15.35%	14.88%	13.25%	9.38%
Profit Margin	2.97%	23.95%	3.58%	17.66%	13.58%
Free Cash Flow Margin	-76.66%	-43.15%	-80.51%	14.72%	30.35%
EBITDA	85.23	79.19	68.75	83.56	56.08
EBITDA Margin	16.41%	15.93%	15.49%	13.52%	9.68%
D&A For EBITDA	2.37	2.85	2.73	1.62	1.78
EBIT	82.86	76.34	66.02	81.94	54.31
EBIT Margin	15.96%	15.35%	14.88%	13.25%	9.38%
Effective Tax Rate	12.04%	21.12%	-	18.10%	28.58%
Revenue as Reported	581.84	663.62	456.51	748.5	704.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.