Michpal Technologies 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	198.39	159.7	142.1
Revenue Growth	24.23%	12.38%	-
Cost of Revenue	75.03	62.48	56.02
Gross Profit	123.36	97.22	86.08
Selling, General & Admin	52.65	41.58	40.63
Research & Development	25.1	19.55	16.23
Other Operating Expenses	4.01	-	-
Operating Expenses	91.96	61.13	56.86
Operating Income	31.41	36.09	29.23
Interest Expense	-11.05	-6.53	-2.96
Interest & Investment Income	-	0.62	0.22
Currency Exchange Gain (Loss)	-	-0.02	0.01
Other Non Operating Income (Expenses)	4.28	-0.57	-0.69
EBT Excluding Unusual Items	24.64	29.59	25.81
Gain (Loss) on Sale of Assets	-2.65	-	-
Other Unusual Items	-	-0.15	-0.37
Pretax Income	21.99	29.44	25.44
Income Tax Expense	5.13	6.99	6.01
Net Income	16.86	22.45	19.43
Net Income to Common	16.86	22.45	19.43
Net Income Growth	-24.88%	15.50%	-
Shares Outstanding (Basic)	21	12	12
Shares Outstanding (Diluted)	21	12	12
Shares Change	74.19%	-	-
EPS (Basic)	0.81	1.86	1.61
EPS (Diluted)	0.80	1.86	1.61
EPS Growth	-56.88%	15.50%	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	59.14	47.25	29.29
Free Cash Flow Per Share	2.81	3.90	2.42
Gross Margin	62.18%	60.88%	60.58%
Operating Margin	15.83%	22.60%	20.57%
Profit Margin	8.50%	14.06%	13.68%
Free Cash Flow Margin	29.81%	29.59%	20.61%
EBITDA	48.92	53.6	40.72
EBITDA Margin	24.66%	33.57%	28.65%
D&A For EBITDA	17.52	17.52	11.49
EBIT	31.41	36.09	29.23
EBIT Margin	15.83%	22.60%	20.57%
Effective Tax Rate	23.31%	23.75%	23.61%