TLV:HGG 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	388.61	417.87	576.93	290.54	218.15
Revenue Growth (YoY)	-7.00%	-27.57%	98.57%	33.19%	3.62%
Cost of Revenue	229.27	268.88	362.87	175.86	123.54
Gross Profit	159.34	149	214.06	114.68	94.61
Selling, General & Admin	47.62	35.71	30.77	26.59	23.72
Other Operating Expenses	-5.56	-5.95	-5.93	8.45	1.12
Operating Expenses	42.06	36.07	24.84	35.03	24.84
Operating Income	117.29	112.93	189.22	79.65	69.77
Interest Expense	-75.22	-51.18	-29.01	-32.09	-23
Interest & Investment Income	16.28	9.47	10.15	2.44	1.5
Earnings From Equity Investments	10.11	-4.33	-6.17	-0.9	44.12
Other Non Operating Income (Expenses)	-11.33	-22.57	-11.84	-1.61	-5.41
EBT Excluding Unusual Items	57.12	44.32	152.36	47.48	86.98
Asset Writedown	25.72	6.16	197.54	90.39	20.8
Other Unusual Items	38.41	50.41	-	-	-
Pretax Income	121.26	100.89	349.9	137.88	107.77
Income Tax Expense	5.98	10.97	81.03	32.45	15.08
Earnings From Continuing Operations	115.27	89.92	268.86	105.43	92.69
Minority Interest in Earnings	-22.42	-6.27	-71.91	-8.52	-2.98
Net Income	92.86	83.65	196.95	96.91	89.71
Net Income to Common	92.86	83.65	196.95	96.91	89.71
Net Income Growth	11.01%	-57.53%	103.24%	8.02%	61.72%
Shares Outstanding (Basic)	62	61	59	60	52
Shares Outstanding (Diluted)	62	63	62	61	59
Shares Change (YoY)	-1.71%	2.24%	0.67%	4.11%	13.70%
EPS (Basic)	1.50	1.37	3.32	1.62	1.74
EPS (Diluted)	1.50	1.35	3.22	1.59	1.60
EPS Growth	11.38%	-58.27%	102.25%	-0.50%	49.73%
Free Cash Flow	-875.59	54.06	-318.17	-381.68	-590.14
Free Cash Flow Per Share	-14.13	0.86	-5.16	-6.23	-10.03
Gross Margin	41.00%	35.66%	37.10%	39.47%	43.37%
Operating Margin	30.18%	27.02%	32.80%	27.41%	31.98%
Profit Margin	23.89%	20.02%	34.14%	33.35%	41.12%
Free Cash Flow Margin	-225.31%	12.94%	-55.15%	-131.37%	-270.53%
EBITDA	121.54	116.76	193.16	85.2	73.1
EBITDA Margin	31.27%	27.94%	33.48%	29.32%	33.51%
D&A For EBITDA	4.26	3.83	3.94	5.54	3.33
EBIT	117.29	112.93	189.22	79.65	69.77
EBIT Margin	30.18%	27.02%	32.80%	27.41%	31.98%
Effective Tax Rate	4.93%	10.88%	23.16%	23.53%	13.99%
Advertising Expenses	12.14	6.58	3.07	2.02	2.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.