Elad Software Systems 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	515.85	488.08	459.01	391.3
Revenue Growth (YoY)	9.94%	6.33%	17.30%	-
Cost of Revenue	430.55	408.33	394.09	335.78
Gross Profit	85.31	79.76	64.92	55.52
Selling, General & Admin	45.65	43.24	38.55	35.98
Operating Expenses	45.65	43.24	38.55	35.98
Operating Income	39.66	36.52	26.37	19.54
Interest Expense	-6.18	-7.9	-6.92	-4.95
Pretax Income	33.48	28.61	19.45	14.59
Income Tax Expense	6.19	6.02	4.34	6.09
Earnings From Continuing Operations	27.29	22.59	15.11	8.49
Minority Interest in Earnings	-0.38	0.04	-0.56	-
Net Income	26.92	22.64	14.55	8.49
Net Income to Common	26.92	22.64	14.55	8.49
Net Income Growth	67.13%	55.55%	71.38%	-
Shares Outstanding (Basic)	44	40	40	-
Shares Outstanding (Diluted)	45	40	40	-
Shares Change (YoY)	11.72%	1.11%	-	-
EPS (Basic)	0.62	0.57	0.36	-
EPS (Diluted)	0.60	0.56	0.36	-
EPS Growth	48.82%	53.93%	-	-
Free Cash Flow	46.71	28.29	11.86	16.9
Free Cash Flow Per Share	1.04	0.70	0.30	-
Gross Margin	16.54%	16.34%	14.14%	14.19%
Operating Margin	7.69%	7.48%	5.74%	4.99%
Profit Margin	5.22%	4.64%	3.17%	2.17%
Free Cash Flow Margin	9.05%	5.80%	2.58%	4.32%
EBITDA	42.23	39.12	28.77	21.45
EBITDA Margin	8.19%	8.02%	6.27%	5.48%
D&A For EBITDA	2.57	2.6	2.41	1.91
EBIT	39.66	36.52	26.37	19.54
EBIT Margin	7.69%	7.48%	5.74%	4.99%
Effective Tax Rate	18.48%	21.04%	22.29%	41.78%
Advertising Expenses	-	4.23	5.23	5.23

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