Michlol Finance 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
Other Revenue	220.51	204.74	182.52	98.5	40.24
Revenue	220.51	204.74	182.52	98.5	40.24
Revenue Growth (YoY)	7.70%	12.17%	85.31%	144.75%	146.25%
Cost of Revenue	4.99	0.91	6.94	0.29	-4.23
Gross Profit	215.52	203.84	175.59	98.21	44.48
Selling, General & Admin	31.53	27.25	27.38	26.55	16.41
Other Operating Expenses	-	-	-	-	3.98
Operating Expenses	36.78	34.5	37.57	28.69	21.86
Operating Income	178.74	169.34	138.02	69.52	22.62
Interest Expense	-108.26	-93.42	-83.33	-25.86	-10.45
Currency Exchange Gain (Loss)	-	-0.72	-0.75	0.15	-
Other Non Operating Income (Expenses)	-4.18	-7.05	-3.33	-3.94	-1.18
EBT Excluding Unusual Items	66.3	68.15	50.61	39.87	10.99
Gain (Loss) on Sale of Investments	-	-0.96	3.06	-4.24	-
Pretax Income	66.3	67.19	53.67	35.62	10.99
Income Tax Expense	15.99	16.26	12.64	9.18	5.04
Net Income	50.31	50.93	41.03	26.44	5.95
Net Income to Common	50.31	50.93	41.03	26.44	5.95
Net Income Growth	-1.22%	24.15%	55.15%	344.70%	-
Shares Outstanding (Basic)	44	43	42	41	30
Shares Outstanding (Diluted)	45	43	42	41	30
Shares Change (YoY)	2.56%	2.44%	3.67%	35.04%	34.84%
EPS (Basic)	1.15	1.17	0.97	0.65	0.20
EPS (Diluted)	1.13	1.17	0.97	0.65	0.20
EPS Growth	-3.67%	21.20%	49.69%	229.59%	-
Free Cash Flow	-110.14	-187.88	64.35	-146.64	-97.66
Free Cash Flow Per Share	-2.47	-4.32	1.52	-3.58	-3.22
Dividend Per Share	-	0.230	-	-	-
Gross Margin	97.74%	99.56%	96.20%	99.71%	110.52%
Operating Margin	81.06%	82.71%	75.62%	70.58%	56.20%
Profit Margin	22.82%	24.88%	22.48%	26.85%	14.77%
Free Cash Flow Margin	-49.95%	-91.76%	35.26%	-148.88%	-242.67%
EBITDA	180.69	171.33	140.01	71.32	23.45
EBITDA Margin	81.94%	83.68%	76.71%	72.41%	58.27%
D&A For EBITDA	1.95	1.99	1.99	1.79	0.83
EBIT	178.74	169.34	138.02	69.52	22.62
EBIT Margin	81.06%	82.71%	75.62%	70.58%	56.20%
Effective Tax Rate	24.12%	24.20%	23.56%	25.77%	45.87%
Advertising Expenses	-	1.06	0.64	1.14	1.07

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