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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,377	1,331	1,119	1,049	976.27	1,010
Revenue Growth (YoY)	13.12%	18.95%	6.71%	7.43%	-3.39%	36.27%
Cost of Revenue	794.42	775.12	650.92	630.49	597	651.56
Gross Profit	582.09	556.1	468.24	418.31	379.27	358.93
Selling, General & Admin	352.57	344.17	298.05	275.03	234.81	193.23
Other Operating Expenses	24.84	23.16	21.8	20.92	16.4	15.34
Operating Expenses	377.41	367.33	319.85	295.95	251.21	208.56
Operating Income	204.68	188.77	148.39	122.36	128.06	150.37
Interest Expense	-43.89	-30.72	-27.51	-19.1	-17.04	-17.72
Interest & Investment Income	3.8	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	169.21	165.33	122.28	103.55	110.95	131.09
Gain (Loss) on Sale of Assets	-3.59	-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	162.57	160.54	122.27	104.64	111.46	118.17
Income Tax Expense	40.11	39.4	30.24	26.92	28.91	30.54
Earnings From Continuing Operations	122.45	121.14	92.03	77.72	82.55	87.63
Minority Interest in Earnings	-12.12	-12.37	-11.02	-13.55	-14.35	-14.98
Net Income	110.34	108.76	81.01	64.16	68.2	72.65
Net Income to Common	110.34	108.76	81.01	64.16	68.2	72.65
Net Income Growth	15.89%	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)	-0.00%	0.13%	-1.77%	-0.76%	0.91%	0.07%
EPS (Basic)	0.79	0.78	0.58	0.45	0.48	0.51
EPS (Diluted)	0.79	0.78	0.58	0.45	0.47	0.51
EPS Growth	16.27%	34.48%	28.89%	-4.25%	-7.84%	24.39%
Free Cash Flow	122.69	88.3	188.39	174.27	4.04	142.5
Free Cash Flow Per Share	0.87	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	42.29%	41.77%	41.84%	39.88%	38.85%	35.52%
Operating Margin	14.87%	14.18%	13.26%	11.67%	13.12%	14.88%
Profit Margin	8.02%	8.17%	7.24%	6.12%	6.98%	7.19%
Free Cash Flow Margin	8.91%	6.63%	16.83%	16.62%	0.41%	14.10%
EBITDA	228.94	207.87	163.34	187.19	180.49	163.01
EBITDA Margin	16.63%	15.62%	14.59%	17.85%	18.49%	16.13%
D&A For EBITDA	24.26	19.11	14.95	64.83	52.43	12.64
EBIT	204.68	188.77	148.39	122.36	128.06	150.37
EBIT Margin	14.87%	14.18%	13.26%	11.67%	13.12%	14.88%
Effective Tax Rate	24.68%	24.54%	24.73%	25.73%	25.94%	25.85%

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