Elspec Engineering 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	92.46	100.81	89.39	71.56	64.39
Revenue Growth (YoY)	-8.28%	12.78%	24.91%	11.14%	4.08%
Cost of Revenue	45.42	48.56	42.31	38.6	35.14
Gross Profit	47.04	52.25	47.08	32.97	29.25
Selling, General & Admin	29.09	29.41	28.12	20.01	17.79
Research & Development	9.97	10.65	8.74	8.01	7.37
Other Operating Expenses	-0.33	0	-0.03	-0.06	-
Operating Expenses	38.73	40.07	36.83	27.96	25.16
Operating Income	8.31	12.18	10.25	5.01	4.09
Interest Expense	-3.71	-0.03	-0.12	-0.13	-0.14
Interest & Investment Income	-	0.14	0.16	0.16	0.18
Earnings From Equity Investments	0.08	0.36	0.01	0.11	-0.17
Currency Exchange Gain (Loss)	-	-0.81	0.7	0.87	-1.29
Other Non Operating Income (Expenses)	2.56	0.15	-0.15	-0.15	0.12
EBT Excluding Unusual Items	7.24	11.99	10.85	5.89	2.8
Gain (Loss) on Sale of Investments	-	0.72	0.74	-1.27	0.94
Other Unusual Items	-	-	-	-	0.99
Pretax Income	7.24	12.71	11.59	4.62	4.73
Income Tax Expense	0.95	-0.02	0.69	0.48	0.37
Earnings From Continuing Operations	6.29	12.73	10.91	4.13	4.36
Minority Interest in Earnings	-	-	-	-	-0.09
Net Income	6.29	12.73	10.91	4.13	4.28
Net Income to Common	6.29	12.73	10.91	4.13	4.28
Net Income Growth	-50.57%	16.67%	163.99%	-3.44%	0.23%
Shares Outstanding (Basic)	20	19	19	19	19
Shares Outstanding (Diluted)	20	19	19	19	19
Shares Change (YoY)	1.22%	-	-	-	-
EPS (Basic)	0.32	0.66	0.56	0.21	0.22
EPS (Diluted)	0.32	0.65	0.56	0.21	0.22
EPS Growth	-50.77%	16.07%	166.67%	-4.54%	0.10%
Free Cash Flow	10.12	6.32	-1.05	2.15	0.91
Free Cash Flow Per Share	0.52	0.33	-0.05	0.11	0.05
Gross Margin	50.87%	51.83%	52.66%	46.07%	45.43%
Operating Margin	8.99%	12.08%	11.46%	7.00%	6.35%
Profit Margin	6.80%	12.62%	12.20%	5.77%	6.64%
Free Cash Flow Margin	10.95%	6.27%	-1.17%	3.00%	1.41%
EBITDA	13.3	14.02	11.88	7.5	6.48
EBITDA Margin	14.38%	13.91%	13.29%	10.49%	10.07%
D&A For EBITDA	4.99	1.84	1.63	2.49	2.39
EBIT	8.31	12.18	10.25	5.01	4.09
EBIT Margin	8.99%	12.08%	11.46%	7.00%	6.35%
Effective Tax Rate	13.06%	-	5.91%	10.48%	7.74%
Advertising Expenses	-	0.42	0.47	0.27	0.14

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