Equital 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Revenue	3,726	3,584	3,091	2,769	2,192	2,552	Upgrade
Revenue Growth (YoY)	16.68%	15.93%	11.64%	26.36%	-14.12%	-15.10%	Upgrade
Cost of Revenue	1,237	1,138	809.08	527.2	420.66	493.9	Upgrade
Gross Profit	2,488	2,446	2,282	2,242	1,771	2,058	Upgrade
Selling, General & Admin	129.21	132.26	129.05	125.04	98.69	109.21	Upgrade
Other Operating Expenses	373.01	287.62	449.72	424.62	195.52	16.76	Upgrade
Operating Expenses	743.35	642.72	803.8	743.55	435.36	332.29	Upgrade
Operating Income	1,745	1,803	1,479	1,498	1,335	1,726	Upgrade
Interest Expense	-357.54	-350.02	-363.06	-405.03	-267.61	-168.77	Upgrade
Interest & Investment Income	80.2	124.04	137.19	49.85	34.24	52.61	Upgrade
Earnings From Equity Investments	-2.12	-2.49	-4.61	-3.34	-10.3	-13.65	Upgrade
Currency Exchange Gain (Loss)	-11.13	-11.13	49.06	98.74	-21.07	4.73	Upgrade
Other Non Operating Income (Expenses)	63.93	-47.19	-27	-40.75	-64.92	-30.98	Upgrade
EBT Excluding Unusual Items	1,518	1,516	1,270	1,198	1,006	1,570	Upgrade
Gain (Loss) on Sale of Investments	53.35	61.69	-20.62	-85.93	148	5.88	Upgrade
Gain (Loss) on Sale of Assets	-183.04	2.35	0.24	2	-	0.16	Upgrade
Asset Writedown	45.03	-37.34	-141.94	512.07	1,336	-230.52	Upgrade
Legal Settlements	-	-	-	-	-15.66	-	Upgrade
Other Unusual Items	-9.19	-9.19	-4.38	-9.04	23.88	-16.3	Upgrade
Pretax Income	1,424	1,534	1,103	1,617	2,498	1,329	Upgrade
Income Tax Expense	285.84	334.85	279.52	308.6	992.95	186.34	Upgrade
Earnings From Continuing Operations	1,138	1,199	823.88	1,308	1,505	1,142	Upgrade
Minority Interest in Earnings	-677.41	-724.78	-561.38	-827.12	-627.4	-842	Upgrade
Net Income	461.09	473.95	262.51	481.23	877.69	300.42	Upgrade
Net Income to Common	461.09	473.95	262.51	481.23	877.69	300.42	Upgrade
Net Income Growth	16.31%	80.55%	-45.45%	-45.17%	192.16%	-50.09%	Upgrade
Shares Outstanding (Basic)	32	32	32	31	30	30	Upgrade
Shares Outstanding (Diluted)	32	32	32	31	30	30	Upgrade
Shares Change (YoY)	-0.25%	-	2.81%	2.37%	-	8.76%	Upgrade
EPS (Basic)	14.55	14.96	8.28	15.62	29.15	9.98	Upgrade
EPS (Diluted)	14.55	14.96	8.28	15.62	29.15	9.98	Upgrade
EPS Growth	16.60%	80.55%	-46.94%	-46.44%	192.16%	-54.11%	Upgrade
Free Cash Flow	1,241	1,350	1,138	1,172	1,254	1,474	Upgrade
Free Cash Flow Per Share	39.14	42.62	35.90	38.03	41.66	48.96	Upgrade
Gross Margin	66.79%	68.24%	73.83%	80.96%	80.81%	80.64%	Upgrade
Operating Margin	46.84%	50.31%	47.83%	54.11%	60.94%	67.62%	Upgrade
Profit Margin	12.38%	13.23%	8.49%	17.38%	40.05%	11.77%	Upgrade
Free Cash Flow Margin	33.30%	37.68%	36.80%	42.33%	57.23%	57.76%	Upgrade
EBITDA	1,993	2,032	1,709	1,699	1,482	1,929	Upgrade
EBITDA Margin	53.50%	56.71%	55.29%	61.34%	67.62%	75.59%	Upgrade
D&A For EBITDA	248.2	229.55	230.79	200.19	146.31	203.31	Upgrade
EBIT	1,745	1,803	1,479	1,498	1,335	1,726	Upgrade
EBIT Margin	46.84%	50.31%	47.83%	54.11%	60.94%	67.62%	Upgrade
Effective Tax Rate	20.07%	21.83%	25.33%	19.09%	39.75%	14.02%	Upgrade
Revenue as Reported	3,726	3,584	3,091	2,769	2,192	2,552	Upgrade

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