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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	423.26	406.26	430.24	414.86	374.41	329.81
Revenue Growth (YoY)	9.13%	-5.57%	3.71%	10.80%	13.53%	-0.33%
Cost of Revenue	310.07	295.86	314.29	303.36	262.25	237.13
Gross Profit	113.19	110.4	115.95	111.49	112.16	92.68
Selling, General & Admin	77.66	71.93	69.29	69.31	61.9	55.05
Research & Development	2.79	3.29	2.05	1.95	1.87	1.06
Other Operating Expenses	1.16	-0.3	-1.76	-0.06	0.1	0.16
Operating Expenses	81.6	74.93	69.57	71.2	63.86	56.27
Operating Income	31.59	35.47	46.38	40.29	48.3	36.41
Interest Expense	-7.15	-6.49	-6.79	-4.05	-3.62	-3.17
Earnings From Equity Investments	4.9	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)	0.71	-0.18	-0.2	0.22	-0.13	-0.03
EBT Excluding Unusual Items	28.12	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	30.04	33.1	44.17	46.23	42.76	31.69
Income Tax Expense	3.62	4.52	4.73	4.55	4.46	3.01
Earnings From Continuing Operations	26.42	28.58	39.45	41.68	38.3	28.68
Minority Interest in Earnings	-2.16	-3.18	-1.01	0.37	2.1	1.07
Net Income	24.26	25.4	38.44	42.05	40.39	29.75
Net Income to Common	24.26	25.4	38.44	42.05	40.39	29.75
Net Income Growth	2.34%	-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)	-1.32%	-	-	-	-	-
EPS (Basic)	0.71	0.74	1.12	1.23	1.18	0.87
EPS (Diluted)	0.71	0.74	1.12	1.23	1.18	0.87
EPS Growth	3.71%	-33.92%	-8.59%	4.11%	35.78%	26.17%
Free Cash Flow	-26.24	15.04	19.28	16.46	23.73	17.86
Free Cash Flow Per Share	-0.77	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	26.74%	27.17%	26.95%	26.88%	29.96%	28.10%
Operating Margin	7.46%	8.73%	10.78%	9.71%	12.90%	11.04%
Profit Margin	5.73%	6.25%	8.93%	10.14%	10.79%	9.02%
Free Cash Flow Margin	-6.20%	3.70%	4.48%	3.97%	6.34%	5.42%
EBITDA	47.54	50.39	59.22	52.74	60.29	49.43
EBITDA Margin	11.23%	12.40%	13.76%	12.71%	16.10%	14.99%
D&A For EBITDA	15.95	14.92	12.84	12.45	11.99	13.03
EBIT	31.59	35.47	46.38	40.29	48.3	36.41
EBIT Margin	7.46%	8.73%	10.78%	9.71%	12.90%	11.04%
Effective Tax Rate	12.04%	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.