Dorsel Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Rental Revenue	99.41	99.67	88.07	82.05	75.3	63.53
Other Revenue	45.85	45.93	25.54	14.5	23.32	-
Total Revenue	145.26	145.6	113.61	96.55	98.62	63.53
Revenue Growth (YoY	21.07%	28.16%	17.67%	-2.10%	55.23%	9.95%
Property Expenses	15.81	15.51	13.02	13.21	12.99	11.86
Selling, General & Administrative	12.52	12.07	10.91	9.95	7.7	6.35
Other Operating Expenses	-	-	-0.38	-	-1.52	-
Total Operating Expenses	28.33	27.58	23.55	23.16	19.17	18.22
Operating Income	116.93	118.02	90.06	73.39	79.45	45.31
Interest Expense	-38.04	-37.22	-31.39	-30.91	-20.31	-16.2
Interest & Investment Income	2.69	3.01	3.01	2.87	1.83	4.11
Income (Loss) on Equity Investments	-	-	-	-	-	6.92
Currency Exchange Gain (Loss)	-5.6	-5.6	-0.01	1.48	-1.73	-
Other Non-Operating Income	-0.08	2.85	-	-	-	-
EBT Excluding Unusual Items	75.9	81.07	61.68	46.83	59.24	40.14
Gain (Loss) on Sale of Investments	3.24	3.24	1.79	1.74	0.88	1.75
Asset Writedown	33.17	38.7	25.45	3.44	57.21	27.48
Pretax Income	110.31	123	88.91	52.01	117.33	69.37
Income Tax Expense	16.88	17.44	22.05	10.98	20.8	15.11
Earnings From Continuing Operations	93.44	105.56	66.87	41.03	96.54	54.25
Minority Interest in Earnings	0.18	0.25	0.24	0.26	-	-
Net Income	93.62	105.81	67.11	41.3	96.54	54.25
Net Income to Common	93.62	105.81	67.11	41.3	96.54	54.25
Net Income Growth	14.10%	57.67%	62.52%	-57.22%	77.94%	106.93%
Basic Shares Outstanding	21	21	21	21	23	23
Diluted Shares Outstanding	21	21	21	21	23	23
Shares Change (YoY)	-2.52%	-0.66%	-0.10%	-5.49%	-	-
EPS (Basic)	4.52	5.01	3.15	1.94	4.28	2.41
EPS (Diluted)	4.50	5.00	2.97	1.82	4.28	2.41
EPS Growth	22.35%	68.35%	63.19%	-57.48%	77.94%	106.94%
Dividend Per Share	0.978	0.978	0.443	0.355	-	0.576
Dividend Growth	120.54%	120.54%	25.00%	-	-	160.00%
Operating Margin	80.50%	81.06%	79.27%	76.01%	80.56%	71.33%
Profit Margin	64.45%	72.67%	59.08%	42.77%	97.89%	85.39%
EBITDA	117.45	118.53	90.64	73.83	79.58	45.37
EBITDA Margin	80.85%	81.41%	79.79%	76.47%	80.70%	71.42%
D&A For Ebitda	0.52	0.51	0.59	0.44	0.13	0.06
EBIT	116.93	118.02	90.06	73.39	79.45	45.31
EBIT Margin	80.50%	81.06%	79.27%	76.01%	80.56%	71.33%
Effective Tax Rate	15.30%	14.18%	24.79%	21.10%	17.72%	21.79%
Revenue as Reported	178.43	184.29	139.05	99.99	155.83	97.93