Gix Internet 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	27.25	99.66	293.75	321.35	144.76
Revenue Growth (YoY)	-72.66%	-66.07%	-8.59%	121.99%	10.42%
Cost of Revenue	22.29	81.33	259.95	276.16	119.76
Gross Profit	4.95	18.33	33.81	45.19	25
Selling, General & Admin	11.21	17.45	27.55	21.53	15.33
Research & Development	5.69	10.36	14.04	15.44	11.33
Other Operating Expenses	21.73	0.9	-	-	-
Operating Expenses	38.64	28.91	41.59	36.97	26.67
Operating Income	-33.68	-10.59	-7.78	8.22	-1.66
Interest Expense	-95.88	-3.36	-4.16	-2.95	-1.78
Earnings From Equity Investments	1.32	-	-	-	-
Currency Exchange Gain (Loss)	-	-0.09	-1.65	-1.74	0.38
Other Non Operating Income (Expenses)	2.36	-7.15	-0.11	-0.02	-0.06
EBT Excluding Unusual Items	-125.89	-21.19	-13.7	3.51	-3.13
Merger & Restructuring Charges	-	-	-	-0.67	-0.8
Impairment of Goodwill	-	-2.41	-	-1.83	-
Gain (Loss) on Sale of Investments	-	-0.1	-	-0	-0.67
Gain (Loss) on Sale of Assets	31.47	-0.27	-	-	-
Other Unusual Items	-	0.83	-	-	-
Pretax Income	-94.42	-23.14	-13.7	1	-4.59
Income Tax Expense	-0.48	-0.05	0.1	1.08	0.28
Earnings From Continuing Operations	-93.94	-23.09	-13.8	-0.08	-4.88
Minority Interest in Earnings	65.21	-	-	-	-0.85
Net Income	-28.73	-23.09	-13.8	-0.08	-5.73
Net Income to Common	-28.73	-23.09	-13.8	-0.08	-5.73
Shares Outstanding (Basic)	2	1	1	1	1
Shares Outstanding (Diluted)	2	1	1	1	1
Shares Change (YoY)	21.39%	5.93%	5.54%	17.34%	23.89%
EPS (Basic)	-16.55	-16.14	-10.22	-0.06	-5.25
EPS (Diluted)	-16.55	-16.14	-10.22	-0.06	-5.25
Free Cash Flow	-16.61	5.04	2.17	5.76	9.15
Free Cash Flow Per Share	-9.57	3.52	1.60	4.50	8.39
Gross Margin	18.17%	18.39%	11.51%	14.06%	17.27%
Operating Margin	-123.63%	-10.62%	-2.65%	2.56%	-1.15%
Profit Margin	-105.45%	-23.17%	-4.70%	-0.03%	-3.96%
Free Cash Flow Margin	-60.96%	5.05%	0.74%	1.79%	6.32%
EBITDA	-29.69	-6.35	-0.32	16.09	4.81
EBITDA Margin	-108.98%	-6.37%	-0.11%	5.01%	3.32%
D&A For EBITDA	3.99	4.24	7.46	7.87	6.47
EBIT	-33.68	-10.59	-7.78	8.22	-1.66
EBIT Margin	-123.63%	-10.62%	-2.65%	2.56%	-1.15%
Effective Tax Rate	-	-	-	108.19%	-

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