Dorsel Holdings 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
Rental Revenue	87.78	87.24	82.05	75.3	63.53	57.78
Other Revenue	25.54	25.54	14.5	23.32	-	-
Total Revenue	113.31	112.77	96.55	98.62	63.53	57.78
Revenue Growth (YoY	12.67%	16.80%	-2.10%	55.23%	9.95%	0.46%
Property Expenses	12.81	12.7	13.21	12.99	11.86	12.44
Selling, General & Administrative	10.64	10.51	9.73	7.7	6.35	5.44
Other Operating Expenses	-	-0.38	-	-1.52	-	-
Total Operating Expenses	23.45	22.83	22.94	19.17	18.22	17.87
Operating Income	89.86	89.94	73.61	79.45	45.31	39.91
Interest Expense	-31.82	-30.51	-30.91	-20.31	-16.2	-12.41
Interest & Investment Income	5.03	3.01	2.87	1.83	4.11	-
Income (Loss) on Equity Investments	-11.99	-	-	-	6.92	6.84
Currency Exchange Gain (Loss)	-0.01	-0.01	1.48	-1.73	-	-
Other Non-Operating Income	-	-	-	-	-	1.06
EBT Excluding Unusual Items	51.07	62.43	47.05	59.24	40.14	35.41
Gain (Loss) on Sale of Investments	5.38	5.38	2.46	0.88	1.75	-
Asset Writedown	26.41	32.77	3.44	57.21	27.48	-2.82
Pretax Income	82.86	100.58	52.95	117.33	69.37	32.59
Income Tax Expense	17.82	22.05	10.98	20.8	15.11	6.37
Earnings From Continuing Operations	65.05	78.54	41.98	96.54	54.25	26.22
Minority Interest in Earnings	0.23	0.24	0.26	-	-	-
Net Income	65.28	78.78	42.24	96.54	54.25	26.22
Net Income to Common	65.28	78.78	42.24	96.54	54.25	26.22
Net Income Growth	8.69%	86.52%	-56.25%	77.94%	106.93%	-22.43%
Basic Shares Outstanding	23	23	23	23	23	23
Diluted Shares Outstanding	23	23	23	23	23	23
EPS (Basic)	2.89	3.49	1.87	4.28	2.41	1.16
EPS (Diluted)	2.89	3.49	1.87	4.28	2.41	1.16
EPS Growth	8.57%	86.34%	-56.25%	77.94%	106.94%	-22.43%
Dividend Per Share	0.754	0.443	0.621	-	0.576	0.222
Dividend Growth	112.50%	-28.57%	-	-	160.00%	-
Operating Margin	79.31%	79.75%	76.24%	80.56%	71.33%	69.07%
Profit Margin	57.61%	69.86%	43.75%	97.89%	85.39%	45.37%
EBITDA	90.41	90.52	74.05	79.58	45.37	39.97
EBITDA Margin	79.79%	80.27%	76.69%	80.70%	71.42%	69.17%
D&A For Ebitda	0.55	0.59	0.44	0.13	0.06	0.06
EBIT	89.86	89.94	73.61	79.45	45.31	39.91
EBIT Margin	79.31%	79.75%	76.24%	80.56%	71.33%	69.07%
Effective Tax Rate	21.50%	21.92%	20.73%	17.72%	21.79%	19.54%
Revenue as Reported	145.54	145.54	99.99	155.83	97.93	61.8

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