TLV:GRIN 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	427.22	406.26	430.24	414.86	374.41
Revenue Growth (YoY)	5.16%	-5.57%	3.71%	10.80%	13.53%
Cost of Revenue	319.13	295.86	314.29	303.36	262.25
Gross Profit	108.09	110.4	115.95	111.49	112.16
Selling, General & Admin	82.29	71.93	69.29	69.31	61.9
Research & Development	2.94	3.29	2.05	1.95	1.87
Other Operating Expenses	0.53	-0.3	-1.76	-0.06	0.1
Operating Expenses	85.76	74.93	69.57	71.2	63.86
Operating Income	22.34	35.47	46.38	40.29	48.3
Interest Expense	-7.15	-6.49	-6.79	-4.05	-3.62
Earnings From Equity Investments	2.52	4.32	0.36	7.07	-0.44
Currency Exchange Gain (Loss)	-1.09	-1.94	3.76	3.96	-3.96
Other Non Operating Income (Expenses)	-0.19	-0.18	-0.2	0.22	-0.13
EBT Excluding Unusual Items	16.43	31.18	43.51	47.5	40.15
Gain (Loss) on Sale of Investments	1.49	0.78	0.63	-1.29	0.93
Gain (Loss) on Sale of Assets	0.23	1.15	0.03	0.02	1.68
Pretax Income	18.16	33.1	44.17	46.23	42.76
Income Tax Expense	1.75	4.52	4.73	4.55	4.46
Earnings From Continuing Operations	16.41	28.58	39.45	41.68	38.3
Minority Interest in Earnings	0.64	-3.18	-1.01	0.37	2.1
Net Income	17.05	25.4	38.44	42.05	40.39
Net Income to Common	17.05	25.4	38.44	42.05	40.39
Net Income Growth	-32.89%	-33.92%	-8.60%	4.11%	35.78%
Shares Outstanding (Basic)	34	34	34	34	34
Shares Outstanding (Diluted)	34	34	34	34	34
EPS (Basic)	0.50	0.74	1.12	1.23	1.18
EPS (Diluted)	0.50	0.74	1.12	1.23	1.18
EPS Growth	-32.89%	-33.92%	-8.59%	4.11%	35.78%
Free Cash Flow	-44.55	15.04	14.6	16.46	23.73
Free Cash Flow Per Share	-1.30	0.44	0.43	0.48	0.69
Dividend Per Share	0.175	0.580	0.530	0.530	0.530
Dividend Growth	-69.78%	9.43%	-	-	29.27%
Gross Margin	25.30%	27.17%	26.95%	26.88%	29.96%
Operating Margin	5.23%	8.73%	10.78%	9.71%	12.90%
Profit Margin	3.99%	6.25%	8.93%	10.14%	10.79%
Free Cash Flow Margin	-10.43%	3.70%	3.39%	3.97%	6.34%
EBITDA	39.58	50.39	59.22	52.74	60.29
EBITDA Margin	9.26%	12.40%	13.76%	12.71%	16.10%
D&A For EBITDA	17.24	14.92	12.84	12.45	11.99
EBIT	22.34	35.47	46.38	40.29	48.3
EBIT Margin	5.23%	8.73%	10.78%	9.71%	12.90%
Effective Tax Rate	9.63%	13.67%	10.70%	9.84%	10.44%
Advertising Expenses	3.13	2.17	2.09	1.98	1.56

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