Max Stock 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	1,427	1,331	1,119	1,049	976.27
Revenue Growth (YoY)	7.20%	18.95%	6.71%	7.43%	-3.39%
Cost of Revenue	800.15	775.12	650.92	630.49	597
Gross Profit	626.93	556.1	468.24	418.31	379.27
Selling, General & Admin	368.33	344.17	298.05	275.03	234.81
Other Operating Expenses	27.06	23.16	21.8	20.92	16.4
Operating Expenses	395.39	367.33	319.85	295.95	251.21
Operating Income	231.54	188.77	148.39	122.36	128.06
Interest Expense	-36.06	-30.72	-27.51	-19.1	-17.04
Interest & Investment Income	5.54	2.66	1.27	0.08	-
Currency Exchange Gain (Loss)	5.04	-0.59	-1.28	-2.38	0.49
Other Non Operating Income (Expenses)	-28.41	5.21	1.41	2.59	-0.57
EBT Excluding Unusual Items	177.66	165.33	122.28	103.55	110.95
Gain (Loss) on Sale of Assets	-1.53	-1.46	-0.37	-0.5	-1.1
Other Unusual Items	0.9	-3.34	0.36	1.59	1.61
Pretax Income	177.04	160.54	122.27	104.64	111.46
Income Tax Expense	39.47	39.4	30.24	26.92	28.91
Earnings From Continuing Operations	137.57	121.14	92.03	77.72	82.55
Minority Interest in Earnings	-12.65	-12.37	-11.02	-13.55	-14.35
Net Income	124.92	108.76	81.01	64.16	68.2
Net Income to Common	124.92	108.76	81.01	64.16	68.2
Net Income Growth	14.85%	34.26%	26.25%	-5.92%	-6.13%
Shares Outstanding (Basic)	140	139	139	141	142
Shares Outstanding (Diluted)	140	140	140	143	144
Shares Change (YoY)	0.05%	0.13%	-1.77%	-0.76%	0.91%
EPS (Basic)	0.89	0.78	0.58	0.45	0.48
EPS (Diluted)	0.89	0.78	0.58	0.45	0.47
EPS Growth	14.10%	34.48%	28.89%	-4.25%	-7.84%
Free Cash Flow	263.09	88.3	188.39	174.27	4.04
Free Cash Flow Per Share	1.87	0.63	1.34	1.22	0.03
Dividend Per Share	0.859	0.502	0.430	0.430	0.280
Dividend Growth	71.18%	16.69%	-	53.57%	-42.86%
Gross Margin	43.93%	41.77%	41.84%	39.88%	38.85%
Operating Margin	16.23%	14.18%	13.26%	11.67%	13.12%
Profit Margin	8.75%	8.17%	7.24%	6.12%	6.98%
Free Cash Flow Margin	18.44%	6.63%	16.83%	16.62%	0.41%
EBITDA	251.63	207.87	225.32	187.19	180.49
EBITDA Margin	17.63%	15.62%	20.13%	17.85%	18.49%
D&A For EBITDA	20.09	19.11	76.93	64.83	52.43
EBIT	231.54	188.77	148.39	122.36	128.06
EBIT Margin	16.23%	14.18%	13.26%	11.67%	13.12%
Effective Tax Rate	22.30%	24.54%	24.73%	25.73%	25.94%

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