TLV:GAD 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	720.76	676.2	611.5	577.54
Revenue Growth (YoY)	6.59%	10.58%	5.88%	-
Cost of Revenue	520.13	481.52	442.58	421.48
Gross Profit	200.63	194.68	168.92	156.06
Selling, General & Admin	136.97	130.92	119.33	125.86
Other Operating Expenses	-0.08	-0.08	-0.08	-0.08
Operating Expenses	136.89	130.85	119.25	125.78
Operating Income	63.74	63.83	49.67	30.28
Interest Expense	-5.22	-5.68	-6.5	-3.11
Interest & Investment Income	1.45	0.83	0.79	0.53
Currency Exchange Gain (Loss)	0.59	0.23	0.07	0.79
Other Non Operating Income (Expenses)	-0.37	-6.96	-10.19	8.72
EBT Excluding Unusual Items	60.18	52.25	33.84	37.21
Gain (Loss) on Sale of Assets	0.04	0.11	-	-
Legal Settlements	-0.77	-0.15	1.31	-2.85
Pretax Income	59.45	52.21	35.15	34.37
Income Tax Expense	13.53	13.69	10.61	5.53
Net Income	45.91	38.52	24.55	28.84
Net Income to Common	45.91	38.52	24.55	28.84
Net Income Growth	19.21%	56.90%	-14.87%	-
Shares Outstanding (Basic)	77	77	82	72
Shares Outstanding (Diluted)	77	77	82	72
Shares Change (YoY)	-0.66%	-5.86%	13.50%	-
EPS (Basic)	0.60	0.50	0.30	0.40
EPS (Diluted)	0.60	0.50	0.30	0.40
EPS Growth	20.00%	66.67%	-25.00%	-
Free Cash Flow	39.12	47.93	42.28	33.31
Free Cash Flow Per Share	0.51	0.62	0.52	0.46
Gross Margin	27.84%	28.79%	27.62%	27.02%
Operating Margin	8.84%	9.44%	8.12%	5.24%
Profit Margin	6.37%	5.70%	4.01%	4.99%
Free Cash Flow Margin	5.43%	7.09%	6.91%	5.77%
EBITDA	75.32	75.52	69.29	48.73
EBITDA Margin	10.45%	11.17%	11.33%	8.44%
D&A For EBITDA	11.58	11.69	19.62	18.45
EBIT	63.74	63.83	49.67	30.28
EBIT Margin	8.84%	9.44%	8.12%	5.24%
Effective Tax Rate	22.77%	26.22%	30.17%	16.10%
Advertising Expenses	16.7	15.26	12.37	16.82