Keystone Infra 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
Other Revenue	1,266	282.19	659.36	221.12	105.73
Revenue	1,266	282.19	659.36	221.12	105.73
Revenue Growth (YoY)	348.61%	-57.20%	198.19%	109.14%	382.44%
Gross Profit	1,266	282.19	659.36	221.12	105.73
Selling, General & Admin	40.63	34.69	31.06	15.77	5.46
Other Operating Expenses	14.92	12.18	6.77	5.78	2.16
Operating Expenses	55.55	49.67	37.83	28.44	14.41
Operating Income	1,210	232.53	621.53	192.68	91.32
Interest Expense	-74.88	-23.43	-35.58	-17.96	-5.24
Interest & Investment Income	-	6.11	6.28	3.55	0.12
Currency Exchange Gain (Loss)	-	0.32	-	-	-
Other Non Operating Income (Expenses)	10.82	-25.17	-25.6	-29.71	-3.03
EBT Excluding Unusual Items	1,146	190.36	566.64	148.56	83.18
Merger & Restructuring Charges	-1.34	-2.26	-1.16	-8.37	-3.28
Pretax Income	1,145	188.1	565.48	140.19	79.9
Income Tax Expense	203.23	-5.26	121.59	45.45	17.4
Net Income	941.76	193.36	443.88	94.74	62.5
Net Income to Common	941.76	193.36	443.88	94.74	62.5
Net Income Growth	387.06%	-56.44%	368.53%	51.59%	679.74%
Shares Outstanding (Basic)	188	183	152	121	54
Shares Outstanding (Diluted)	192	183	152	121	54
Shares Change (YoY)	4.96%	20.08%	26.37%	122.35%	317.01%
EPS (Basic)	5.00	1.06	2.91	0.79	1.15
EPS (Diluted)	4.90	1.06	2.90	0.79	1.15
EPS Growth	363.73%	-63.56%	269.40%	-31.82%	91.92%
Free Cash Flow	119.91	169.63	210.05	127.83	37.7
Free Cash Flow Per Share	0.62	0.93	1.38	1.06	0.69
Dividend Per Share	-	0.430	0.361	0.131	0.433
Dividend Growth	-	19.11%	175.41%	-69.72%	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	95.61%	82.40%	94.26%	87.14%	86.37%
Profit Margin	74.39%	68.52%	67.32%	42.84%	59.11%
Free Cash Flow Margin	9.47%	60.11%	31.86%	57.81%	35.66%
EBITDA	-	232.54	621.55	192.69	91.33
EBITDA Margin	-	82.41%	94.27%	87.14%	86.38%
D&A For EBITDA	-	0.02	0.02	0.01	0.01
EBIT	1,210	232.53	621.53	192.68	91.32
EBIT Margin	95.61%	82.40%	94.26%	87.14%	86.37%
Effective Tax Rate	17.75%	-	21.50%	32.42%	21.78%
Revenue as Reported	1,266	282.19	659.36	221.12	105.73
Advertising Expenses	-	-	-	-	0.19

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