Kardan Real Estate Enterprise and Development Ltd (TLV:KARE)

TLV:KARE 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	487.41	537.32	604.48	620.17	652.83	474.66
Revenue Growth (YoY)	-11.19%	-11.11%	-2.53%	-5.00%	37.54%	27.31%
Cost of Revenue	388.99	417.06	441.98	468.89	509.25	372.74
Gross Profit	98.43	120.26	162.5	151.28	143.58	101.92
Selling, General & Admin	52.98	48.14	50.31	51.69	41.44	34.27
Other Operating Expenses	2	-0.29	-0.78	-0.09	-1.4	-0.16
Operating Expenses	54.98	47.86	49.53	51.6	40.03	34.11
Operating Income	43.44	72.4	112.97	99.68	103.55	67.81
Interest Expense	-30.72	-26.54	-23.98	-18.11	-18.75	-16.22
Interest & Investment Income	7.78	7.78	9.81	3.34	3.05	4.8
Earnings From Equity Investments	7.04	6.05	-2.9	-0.56	-1.14	-5.15
Currency Exchange Gain (Loss)	0.33	0.33	1.33	8.37	-3.31	-4.37
Other Non Operating Income (Expenses)	2.69	-0.46	-0.62	-0.73	6.3	1.34
EBT Excluding Unusual Items	30.56	59.57	96.61	91.99	89.7	48.2
Gain (Loss) on Sale of Investments	-0.96	-0.96	-2.69	3.8	-3.23	0.19
Gain (Loss) on Sale of Assets	0.28	0.28	1.15	53.38	0.06	1.02
Asset Writedown	4.11	4.11	-6.38	6.65	13.3	-4.38
Legal Settlements	-	-	-0.04	-0.25	-3.37	-0.21
Other Unusual Items	3.71	3.71	-	-	-	-
Pretax Income	37.7	66.71	88.65	155.57	96.46	44.82
Income Tax Expense	10.08	17.09	18.2	35.6	14.91	10.91
Earnings From Continuing Operations	27.63	49.62	70.45	119.97	81.55	33.91
Net Income	27.63	49.62	70.45	119.97	81.55	33.91
Net Income to Common	27.63	49.62	70.45	119.97	81.55	33.91
Net Income Growth	-34.53%	-29.58%	-41.28%	47.11%	140.48%	50.93%
Shares Outstanding (Basic)	197	186	185	184	183	183
Shares Outstanding (Diluted)	198	187	186	185	185	183
Shares Change (YoY)	6.77%	0.59%	0.21%	0.35%	0.92%	0.14%
EPS (Basic)	0.14	0.27	0.38	0.65	0.45	0.19
EPS (Diluted)	0.14	0.27	0.38	0.65	0.44	0.19
EPS Growth	-38.48%	-29.64%	-41.54%	47.73%	137.18%	52.38%
Free Cash Flow	-34.34	69.09	-81.66	-147.35	91.28	-62.26
Free Cash Flow Per Share	-0.17	0.37	-0.44	-0.80	0.49	-0.34
Dividend Per Share	0.182	0.182	0.162	0.189	0.185	0.109
Dividend Growth	12.35%	12.35%	-14.48%	2.25%	69.97%	127.08%
Gross Margin	20.19%	22.38%	26.88%	24.39%	21.99%	21.47%
Operating Margin	8.91%	13.48%	18.69%	16.07%	15.86%	14.29%
Profit Margin	5.67%	9.23%	11.65%	19.35%	12.49%	7.14%
Free Cash Flow Margin	-7.04%	12.86%	-13.51%	-23.76%	13.98%	-13.12%
EBITDA	48.87	77.03	117.76	106.7	108.24	72.23
EBITDA Margin	10.03%	14.34%	19.48%	17.21%	16.58%	15.22%
D&A For EBITDA	5.42	4.63	4.79	7.03	4.69	4.42
EBIT	43.44	72.4	112.97	99.68	103.55	67.81
EBIT Margin	8.91%	13.48%	18.69%	16.07%	15.86%	14.29%
Effective Tax Rate	26.72%	25.62%	20.53%	22.88%	15.46%	24.34%
Revenue as Reported	487.41	537.32	604.48	620.17	652.83	474.66

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