Elad Software Systems Ltd (TLV:ELAD)

Elad Software Systems Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	488.08	459.01	391.3
Revenue Growth (YoY)	6.33%	17.30%	-
Cost of Revenue	408.33	394.09	335.78
Gross Profit	79.76	64.92	55.52
Selling, General & Admin	43.24	38.55	35.98
Operating Expenses	43.24	38.55	35.98
Operating Income	36.52	26.37	19.54
Interest Expense	-7.9	-6.92	-4.95
Pretax Income	28.61	19.45	14.59
Income Tax Expense	6.02	4.34	6.09
Earnings From Continuing Operations	22.59	15.11	8.49
Minority Interest in Earnings	0.04	-0.56	-
Net Income	22.64	14.55	8.49
Net Income to Common	22.64	14.55	8.49
Net Income Growth	55.55%	71.38%	-
Shares Outstanding (Basic)	40	40	-
Shares Outstanding (Diluted)	40	40	-
Shares Change (YoY)	1.11%	-	-
EPS (Basic)	0.57	0.36	-
EPS (Diluted)	0.56	0.36	-
EPS Growth	53.93%	-	-
Free Cash Flow	28.29	11.86	16.9
Free Cash Flow Per Share	0.70	0.30	-
Gross Margin	16.34%	14.14%	14.19%
Operating Margin	7.48%	5.74%	4.99%
Profit Margin	4.64%	3.17%	2.17%
Free Cash Flow Margin	5.80%	2.58%	4.32%
EBITDA	39.12	28.77	21.45
EBITDA Margin	8.02%	6.27%	5.48%
D&A For EBITDA	2.6	2.41	1.91
EBIT	36.52	26.37	19.54
EBIT Margin	7.48%	5.74%	4.99%
Effective Tax Rate	21.04%	22.29%	41.78%
Advertising Expenses	4.23	5.23	5.23

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