Max Stock Ltd. (TLV:MAXO)

Max Stock 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,357	1,331	1,119	1,049	976.27	1,010
Revenue Growth (YoY)	17.72%	18.95%	6.71%	7.43%	-3.39%	36.27%
Cost of Revenue	790.24	775.12	650.92	630.49	597	651.56
Gross Profit	566.83	556.1	468.24	418.31	379.27	358.93
Selling, General & Admin	350.02	344.17	298.05	275.03	234.81	193.23
Other Operating Expenses	25.47	23.16	21.8	20.92	16.4	15.34
Operating Expenses	375.49	367.33	319.85	295.95	251.21	208.56
Operating Income	191.34	188.77	148.39	122.36	128.06	150.37
Interest Expense	-31.71	-30.72	-27.51	-19.1	-17.04	-17.72
Interest & Investment Income	7.76	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	172.01	165.33	122.28	103.55	110.95	131.09
Gain (Loss) on Sale of Assets	-3.01	-1.46	-0.37	-0.5	-1.1	-0.87
Other Unusual Items	-3.05	-3.34	0.36	1.59	1.61	-12.05
Pretax Income	165.95	160.54	122.27	104.64	111.46	118.17
Income Tax Expense	41.65	39.4	30.24	26.92	28.91	30.54
Earnings From Continuing Operations	124.3	121.14	92.03	77.72	82.55	87.63
Minority Interest in Earnings	-12.19	-12.37	-11.02	-13.55	-14.35	-14.98
Net Income	112.11	108.76	81.01	64.16	68.2	72.65
Net Income to Common	112.11	108.76	81.01	64.16	68.2	72.65
Net Income Growth	30.33%	34.26%	26.25%	-5.92%	-6.13%	23.36%
Shares Outstanding (Basic)	140	139	139	141	142	142
Shares Outstanding (Diluted)	141	140	140	143	144	142
Shares Change (YoY)	1.19%	0.13%	-1.77%	-0.76%	0.91%	0.07%
EPS (Basic)	0.80	0.78	0.58	0.45	0.48	0.51
EPS (Diluted)	0.80	0.78	0.58	0.45	0.47	0.51
EPS Growth	29.17%	34.48%	28.89%	-4.25%	-7.84%	24.39%
Free Cash Flow	104.65	88.3	188.39	174.27	4.04	142.5
Free Cash Flow Per Share	0.74	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	41.77%	41.77%	41.84%	39.88%	38.85%	35.52%
Operating Margin	14.10%	14.18%	13.26%	11.67%	13.12%	14.88%
Profit Margin	8.26%	8.17%	7.24%	6.12%	6.98%	7.19%
Free Cash Flow Margin	7.71%	6.63%	16.83%	16.62%	0.41%	14.10%
EBITDA	213.89	207.87	163.34	187.19	180.49	163.01
EBITDA Margin	15.76%	15.62%	14.59%	17.85%	18.49%	16.13%
D&A For EBITDA	22.54	19.11	14.95	64.83	52.43	12.64
EBIT	191.34	188.77	148.39	122.36	128.06	150.37
EBIT Margin	14.10%	14.18%	13.26%	11.67%	13.12%	14.88%
Effective Tax Rate	25.10%	24.54%	24.73%	25.73%	25.94%	25.85%

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.