TLV:GRIN Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	423.34	427.22	406.26	430.24	414.86	374.41
Revenue Growth (YoY)	2.33%	5.16%	-5.57%	3.71%	10.80%	13.53%
Cost of Revenue	320.65	319.13	295.86	314.29	303.36	262.25
Gross Profit	102.69	108.09	110.4	115.95	111.49	112.16
Selling, General & Admin	81.95	82.29	71.93	69.29	69.31	61.9
Research & Development	3.31	2.94	3.29	2.05	1.95	1.87
Other Operating Expenses	0.61	0.53	-0.3	-1.76	-0.06	0.1
Operating Expenses	85.87	85.76	74.93	69.57	71.2	63.86
Operating Income	16.82	22.34	35.47	46.38	40.29	48.3
Interest Expense	-9.35	-7.15	-6.49	-6.79	-4.05	-3.62
Earnings From Equity Investments	0.82	2.52	4.32	0.36	7.07	-0.44
Currency Exchange Gain (Loss)	-1.09	-1.09	-1.94	3.76	3.96	-3.96
Other Non Operating Income (Expenses)	-0.19	-0.19	-0.18	-0.2	0.22	-0.13
EBT Excluding Unusual Items	7.15	16.43	31.18	43.51	47.5	40.15
Gain (Loss) on Sale of Investments	1.49	1.49	0.78	0.63	-1.29	0.93
Gain (Loss) on Sale of Assets	0.23	0.23	1.15	0.03	0.02	1.68
Pretax Income	8.88	18.16	33.1	44.17	46.23	42.76
Income Tax Expense	0.73	1.75	4.52	4.73	4.55	4.46
Earnings From Continuing Operations	8.15	16.41	28.58	39.45	41.68	38.3
Minority Interest in Earnings	1.12	0.64	-3.18	-1.01	0.37	2.1
Net Income	9.27	17.05	25.4	38.44	42.05	40.39
Net Income to Common	9.27	17.05	25.4	38.44	42.05	40.39
Net Income Growth	-64.57%	-32.89%	-33.92%	-8.60%	4.11%	35.78%
Shares Outstanding (Basic)	33	34	34	34	34	34
Shares Outstanding (Diluted)	33	34	34	34	34	34
Shares Change (YoY)	-4.41%	-	-	-	-	-
EPS (Basic)	0.28	0.50	0.74	1.12	1.23	1.18
EPS (Diluted)	0.28	0.50	0.74	1.12	1.23	1.18
EPS Growth	-62.93%	-32.89%	-33.92%	-8.59%	4.11%	35.78%
Free Cash Flow	-23.91	-44.55	15.04	14.6	16.46	23.73
Free Cash Flow Per Share	-0.73	-1.30	0.44	0.43	0.48	0.69
Dividend Per Share	0.175	0.175	0.580	0.530	0.530	0.530
Dividend Growth	-69.78%	-69.78%	9.43%	-	-	29.27%
Gross Margin	24.26%	25.30%	27.17%	26.95%	26.88%	29.96%
Operating Margin	3.97%	5.23%	8.73%	10.78%	9.71%	12.90%
Profit Margin	2.19%	3.99%	6.25%	8.93%	10.14%	10.79%
Free Cash Flow Margin	-5.65%	-10.43%	3.70%	3.39%	3.97%	6.34%
EBITDA	34.74	39.58	50.39	59.22	52.74	60.29
EBITDA Margin	8.21%	9.26%	12.40%	13.76%	12.71%	16.10%
D&A For EBITDA	17.93	17.24	14.92	12.84	12.45	11.99
EBIT	16.82	22.34	35.47	46.38	40.29	48.3
EBIT Margin	3.97%	5.23%	8.73%	10.78%	9.71%	12.90%
Effective Tax Rate	8.22%	9.63%	13.67%	10.70%	9.84%	10.44%
Advertising Expenses	-	3.13	2.17	2.09	1.98	1.56