Ludan Engineering Co. 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	432.95	446.78	451.15	575.97	513.74
Revenue Growth (YoY)	-3.10%	-0.97%	-21.67%	12.11%	-3.37%
Cost of Revenue	389.1	401.88	411.38	508.25	461.09
Gross Profit	43.85	44.91	39.77	67.72	52.65
Selling, General & Admin	21.49	18.01	17.76	26.79	26.46
Other Operating Expenses	-0.17	1.18	-1.17	-0.55	-2.26
Operating Expenses	21.32	19.2	16.59	26.24	24.21
Operating Income	22.53	25.71	23.18	41.47	28.44
Interest Expense	-4.77	-3.52	-2.66	-3.57	-2.46
Interest & Investment Income	1.92	0.52	0.4	-	-
Earnings From Equity Investments	-0.05	0.18	-	-	-
Currency Exchange Gain (Loss)	0.09	-0.09	0.07	-0.16	-0.42
Other Non Operating Income (Expenses)	-0.53	-0.65	-0.21	0.81	-1.14
EBT Excluding Unusual Items	19.19	22.15	20.78	38.56	24.42
Impairment of Goodwill	-	-	-	-	-0.47
Gain (Loss) on Sale of Assets	0.1	-0.02	0.83	0.03	0.01
Other Unusual Items	0.14	0.41	0.82	-	-
Pretax Income	19.43	22.55	22.43	38.59	23.97
Income Tax Expense	5.08	6.61	3.97	9.59	5.99
Earnings From Continuing Operations	14.34	15.94	18.46	29	17.98
Earnings From Discontinued Operations	1.5	12.29	9.39	-0.14	-1.64
Net Income to Company	15.84	28.23	27.85	28.86	16.34
Minority Interest in Earnings	-1.02	-0.74	-0.37	-1.18	-0.04
Net Income	14.83	27.5	27.48	27.69	16.3
Net Income to Common	14.83	27.5	27.48	27.69	16.3
Net Income Growth	-46.08%	0.07%	-0.76%	69.90%	12.22%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12
EPS (Basic)	1.29	2.39	2.38	2.40	1.41
EPS (Diluted)	1.29	2.39	2.38	2.40	1.41
EPS Growth	-46.08%	0.07%	-0.76%	69.90%	12.22%
Free Cash Flow	14.89	56.51	24.26	32.52	44.22
Free Cash Flow Per Share	1.29	4.90	2.10	2.82	3.84
Dividend Per Share	1.387	-	1.350	1.000	0.500
Dividend Growth	-	-	35.00%	100.00%	-
Gross Margin	10.13%	10.05%	8.81%	11.76%	10.25%
Operating Margin	5.20%	5.75%	5.14%	7.20%	5.54%
Profit Margin	3.42%	6.15%	6.09%	4.81%	3.17%
Free Cash Flow Margin	3.44%	12.65%	5.38%	5.65%	8.61%
EBITDA	45.33	32.74	42.24	68.47	57.71
EBITDA Margin	10.47%	7.33%	9.36%	11.89%	11.23%
D&A For EBITDA	22.8	7.03	19.06	27	29.27
EBIT	22.53	25.71	23.18	41.47	28.44
EBIT Margin	5.20%	5.75%	5.14%	7.20%	5.54%
Effective Tax Rate	26.16%	29.31%	17.70%	24.85%	24.98%

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