Golan Renewable Industries Ltd (TLV: GRIN)

GRIN Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	387.86	430.24	414.86	374.41	329.81	330.9
Revenue Growth (YoY)	-13.51%	3.71%	10.80%	13.52%	-0.33%	1.83%
Cost of Revenue	287.95	314.29	303.36	262.25	237.13	240.49
Gross Profit	99.91	115.95	111.49	112.16	92.68	90.4
Selling, General & Admin	67.89	69.29	69.31	61.9	55.05	57.21
Research & Development	2.88	2.05	1.95	1.87	1.06	2.11
Other Operating Expenses	-3.9	-1.76	-0.06	0.1	0.16	0.33
Operating Expenses	66.87	69.57	71.2	63.86	56.27	59.65
Operating Income	33.04	46.38	40.29	48.3	36.41	30.75
Interest Expense	-7.15	-6.79	-4.05	-3.62	-3.17	-3.34
Earnings From Equity Investments	2.54	0.36	7.07	-0.44	-0.13	0.54
Currency Exchange Gain (Loss)	3.76	3.76	3.96	-3.96	-1.42	-3.42
Other Non Operating Income (Expenses)	-3	-0.2	0.22	-0.13	-0.03	-0.08
EBT Excluding Unusual Items	29.19	43.51	47.5	40.15	31.66	24.45
Gain (Loss) on Sale of Investments	0.63	0.63	-1.29	0.93	0.08	0.93
Gain (Loss) on Sale of Assets	0.03	0.03	0.02	1.68	-0.05	-0.34
Asset Writedown	-	-	-	-	-	-0.07
Pretax Income	29.86	44.17	46.23	42.76	31.69	24.97
Income Tax Expense	4.86	4.73	4.55	4.46	3.01	2.48
Earnings From Continuing Operations	25	39.45	41.68	38.3	28.68	22.48
Minority Interest in Earnings	-1.29	-1.01	0.37	2.1	1.07	1.1
Net Income	23.71	38.44	42.05	40.39	29.75	23.58
Net Income to Common	23.71	38.44	42.05	40.39	29.75	23.58
Net Income Growth	-50.70%	-8.59%	4.10%	35.79%	26.17%	19.49%
Shares Outstanding (Basic)	35	34	34	34	34	34
Shares Outstanding (Diluted)	35	34	34	34	34	34
Shares Change (YoY)	1.12%	-	-	-	-	-
EPS (Basic)	0.69	1.12	1.23	1.18	0.87	0.69
EPS (Diluted)	0.68	1.12	1.23	1.18	0.87	0.69
EPS Growth	-51.45%	-8.82%	4.10%	35.79%	26.17%	19.49%
Free Cash Flow	23.39	19.28	16.46	23.73	17.86	30.37
Free Cash Flow Per Share	0.68	0.56	0.48	0.69	0.52	0.89
Dividend Per Share	0.526	0.526	0.526	0.530	0.410	0.380
Dividend Growth	0%	0%	-0.79%	29.27%	7.89%	18.75%
Gross Margin	25.76%	26.95%	26.88%	29.96%	28.10%	27.32%
Operating Margin	8.52%	10.78%	9.71%	12.90%	11.04%	9.29%
Profit Margin	6.11%	8.93%	10.14%	10.79%	9.02%	7.13%
Free Cash Flow Margin	6.03%	4.48%	3.97%	6.34%	5.42%	9.18%
EBITDA	46.92	59.22	52.74	60.29	49.43	43.16
EBITDA Margin	12.10%	13.76%	12.71%	16.10%	14.99%	13.04%
D&A For EBITDA	13.88	12.84	12.45	11.99	13.03	12.41
EBIT	33.04	46.38	40.29	48.3	36.41	30.75
EBIT Margin	8.52%	10.78%	9.71%	12.90%	11.04%	9.29%
Effective Tax Rate	16.27%	10.70%	9.84%	10.44%	9.50%	9.95%
Advertising Expenses	-	2.09	1.98	1.56	0.52	1.74

Source: S&P Capital IQ. Standard template. Financial Sources.