Golan Renewable Industries Ltd (TLV: GRIN)

TLV: 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	387.39	430.24	414.86	374.41	329.81	330.9
Revenue Growth (YoY)	-13.90%	3.71%	10.80%	13.52%	-0.33%	1.83%
Cost of Revenue	283.32	314.29	303.36	262.25	237.13	240.49
Gross Profit	104.06	115.95	111.49	112.16	92.68	90.4
Selling, General & Admin	69.71	69.29	69.31	61.9	55.05	57.21
Research & Development	2.79	2.05	1.95	1.87	1.06	2.11
Other Operating Expenses	-3.8	-1.76	-0.06	0.1	0.16	0.33
Operating Expenses	68.7	69.57	71.2	63.86	56.27	59.65
Operating Income	35.36	46.38	40.29	48.3	36.41	30.75
Interest Expense	-9.9	-6.79	-4.05	-3.62	-3.17	-3.34
Earnings From Equity Investments	3.63	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)	-0.2	-0.2	0.22	-0.13	-0.03	-0.08
EBT Excluding Unusual Items	32.65	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	33.31	44.17	46.23	42.76	31.69	24.97
Income Tax Expense	4.95	4.73	4.55	4.46	3.01	2.48
Earnings From Continuing Operations	28.36	39.45	41.68	38.3	28.68	22.48
Minority Interest in Earnings	-3.34	-1.01	0.37	2.1	1.07	1.1
Net Income	25.02	38.44	42.05	40.39	29.75	23.58
Net Income to Common	25.02	38.44	42.05	40.39	29.75	23.58
Net Income Growth	-42.74%	-8.59%	4.10%	35.79%	26.17%	19.49%
Shares Outstanding (Basic)	32	34	34	34	34	34
Shares Outstanding (Diluted)	32	34	34	34	34	34
Shares Change (YoY)	-5.56%	-	-	-	-	-
EPS (Basic)	0.78	1.12	1.23	1.18	0.87	0.69
EPS (Diluted)	0.77	1.12	1.23	1.18	0.87	0.69
EPS Growth	-39.60%	-8.82%	4.10%	35.79%	26.17%	19.49%
Free Cash Flow	24.69	19.28	16.46	23.73	17.86	30.37
Free Cash Flow Per Share	0.76	0.56	0.48	0.69	0.52	0.89
Dividend Per Share	-	0.526	0.526	0.530	0.410	0.380
Dividend Growth	-	0%	-0.79%	29.27%	7.89%	18.75%
Gross Margin	26.86%	26.95%	26.88%	29.96%	28.10%	27.32%
Operating Margin	9.13%	10.78%	9.71%	12.90%	11.04%	9.29%
Profit Margin	6.46%	8.93%	10.14%	10.79%	9.02%	7.13%
Free Cash Flow Margin	6.37%	4.48%	3.97%	6.34%	5.42%	9.18%
EBITDA	49.83	59.22	52.74	60.29	49.43	43.16
EBITDA Margin	12.86%	13.76%	12.71%	16.10%	14.99%	13.04%
D&A For EBITDA	14.47	12.84	12.45	11.99	13.03	12.41
EBIT	35.36	46.38	40.29	48.3	36.41	30.75
EBIT Margin	9.13%	10.78%	9.71%	12.90%	11.04%	9.29%
Effective Tax Rate	14.86%	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.