Max Stock Income Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,403	1,331	1,119	1,049	976.27	1,010
Revenue Growth (YoY)	9.97%	18.95%	6.71%	7.43%	-3.39%	36.27%
Cost of Revenue	797.62	775.12	650.92	630.49	597	651.56
Gross Profit	604.93	556.1	468.24	418.31	379.27	358.93
Selling, General & Admin	360.28	344.17	298.05	275.03	234.81	193.23
Other Operating Expenses	22.32	23.16	21.8	20.92	16.4	15.34
Operating Expenses	382.6	367.33	319.85	295.95	251.21	208.56
Operating Income	222.33	188.77	148.39	122.36	128.06	150.37
Interest Expense	-50.68	-30.72	-27.51	-19.1	-17.04	-17.72
Interest & Investment Income	4.49	2.66	1.27	0.08	-	0.07
Currency Exchange Gain (Loss)	-0.59	-0.59	-1.28	-2.38	0.49	1.05
Other Non Operating Income (Expenses)	5.21	5.21	1.41	2.59	-0.57	-2.68
EBT Excluding Unusual Items	180.76	165.33	122.28	103.55	110.95	131.09
Gain (Loss) on Sale of Assets	-1.46	-1.46	-0.37	-0.5	-1.1	-0.87
Other Unusual Items	-3.34	-3.34	0.36	1.59	1.61	-12.05
Pretax Income	175.97	160.54	122.27	104.64	111.46	118.17
Income Tax Expense	42.85	39.4	30.24	26.92	28.91	30.54
Earnings From Continuing Operations	133.11	121.14	92.03	77.72	82.55	87.63
Minority Interest in Earnings	-13.24	-12.37	-11.02	-13.55	-14.35	-14.98
Net Income	119.88	108.76	81.01	64.16	68.2	72.65
Net Income to Common	119.88	108.76	81.01	64.16	68.2	72.65
Net Income Growth	15.97%	34.26%	26.25%	-5.92%	-6.13%	23.36%
Shares Outstanding (Basic)	139	139	139	141	142	142
Shares Outstanding (Diluted)	140	140	140	143	144	142
Shares Change (YoY)	-1.50%	0.13%	-1.77%	-0.76%	0.91%	0.07%
EPS (Basic)	0.86	0.78	0.58	0.45	0.48	0.51
EPS (Diluted)	0.86	0.78	0.58	0.45	0.47	0.51
EPS Growth	18.09%	34.48%	28.89%	-4.25%	-7.84%	24.39%
Free Cash Flow	199.89	88.3	188.39	174.27	4.04	142.5
Free Cash Flow Per Share	1.43	0.63	1.34	1.22	0.03	1.00
Dividend Per Share	0.502	0.502	0.430	0.430	0.280	0.490
Dividend Growth	16.69%	16.69%	-	53.57%	-42.86%	-
Gross Margin	43.13%	41.77%	41.84%	39.88%	38.85%	35.52%
Operating Margin	15.85%	14.18%	13.26%	11.67%	13.12%	14.88%
Profit Margin	8.55%	8.17%	7.24%	6.12%	6.98%	7.19%
Free Cash Flow Margin	14.25%	6.63%	16.83%	16.62%	0.41%	14.10%
EBITDA	255.76	207.87	163.34	187.19	180.49	163.01
EBITDA Margin	18.24%	15.62%	14.59%	17.85%	18.49%	16.13%
D&A For EBITDA	33.43	19.11	14.95	64.83	52.43	12.64
EBIT	222.33	188.77	148.39	122.36	128.06	150.37
EBIT Margin	15.85%	14.18%	13.26%	11.67%	13.12%	14.88%
Effective Tax Rate	24.35%	24.54%	24.73%	25.73%	25.94%	25.85%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.