Golan Renewable Industries Ltd (TLV:GRIN)

TLV:GRIN Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	413.67	406.26	430.24	414.86	374.41	329.81
Revenue Growth (YoY)	1.56%	-5.57%	3.71%	10.80%	13.53%	-0.33%
Cost of Revenue	301.11	295.86	314.29	303.36	262.25	237.13
Gross Profit	112.57	110.4	115.95	111.49	112.16	92.68
Selling, General & Admin	74.5	71.93	69.29	69.31	61.9	55.05
Research & Development	2.95	3.29	2.05	1.95	1.87	1.06
Other Operating Expenses	0.94	-0.3	-1.76	-0.06	0.1	0.16
Operating Expenses	78.38	74.93	69.57	71.2	63.86	56.27
Operating Income	34.19	35.47	46.38	40.29	48.3	36.41
Interest Expense	-4.94	-6.49	-6.79	-4.05	-3.62	-3.17
Earnings From Equity Investments	4.52	4.32	0.36	7.07	-0.44	-0.13
Currency Exchange Gain (Loss)	-1.94	-1.94	3.76	3.96	-3.96	-1.42
Other Non Operating Income (Expenses)	-0.18	-0.18	-0.2	0.22	-0.13	-0.03
EBT Excluding Unusual Items	31.66	31.18	43.51	47.5	40.15	31.66
Gain (Loss) on Sale of Investments	0.78	0.78	0.63	-1.29	0.93	0.08
Gain (Loss) on Sale of Assets	1.15	1.15	0.03	0.02	1.68	-0.05
Pretax Income	33.58	33.1	44.17	46.23	42.76	31.69
Income Tax Expense	4.37	4.52	4.73	4.55	4.46	3.01
Earnings From Continuing Operations	29.21	28.58	39.45	41.68	38.3	28.68
Minority Interest in Earnings	-3.05	-3.18	-1.01	0.37	2.1	1.07
Net Income	26.16	25.4	38.44	42.05	40.39	29.75
Net Income to Common	26.16	25.4	38.44	42.05	40.39	29.75
Net Income Growth	-11.83%	-33.92%	-8.60%	4.11%	35.78%	26.17%
Shares Outstanding (Basic)	34	34	34	34	34	34
Shares Outstanding (Diluted)	34	34	34	34	34	34
Shares Change (YoY)	1.58%	-	-	-	-	-
EPS (Basic)	0.76	0.74	1.12	1.23	1.18	0.87
EPS (Diluted)	0.76	0.74	1.12	1.23	1.18	0.87
EPS Growth	-13.20%	-33.92%	-8.59%	4.11%	35.78%	26.17%
Free Cash Flow	-15.01	15.04	19.28	16.46	23.73	17.86
Free Cash Flow Per Share	-0.44	0.44	0.56	0.48	0.69	0.52
Dividend Per Share	0.580	0.580	0.530	0.530	0.530	0.410
Dividend Growth	9.43%	9.43%	-	-	29.27%	7.90%
Gross Margin	27.21%	27.17%	26.95%	26.88%	29.96%	28.10%
Operating Margin	8.27%	8.73%	10.78%	9.71%	12.90%	11.04%
Profit Margin	6.32%	6.25%	8.93%	10.14%	10.79%	9.02%
Free Cash Flow Margin	-3.63%	3.70%	4.48%	3.97%	6.34%	5.42%
EBITDA	49.66	50.39	59.22	52.74	60.29	49.43
EBITDA Margin	12.01%	12.40%	13.76%	12.71%	16.10%	14.99%
D&A For EBITDA	15.47	14.92	12.84	12.45	11.99	13.03
EBIT	34.19	35.47	46.38	40.29	48.3	36.41
EBIT Margin	8.27%	8.73%	10.78%	9.71%	12.90%	11.04%
Effective Tax Rate	13.00%	13.67%	10.70%	9.84%	10.44%	9.50%
Advertising Expenses	-	2.17	2.09	1.98	1.56	0.52

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