Mediterranean Towers Ltd. (TLV: MDTR)

Mediterranean Towers Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	247.01	240.79	234.29	213.1	206.64	195.35
Revenue Growth (YoY)	2.17%	2.77%	9.95%	3.13%	5.78%	11.95%
Cost of Revenue	123.85	135.6	145.87	137.86	131.01	125.6
Gross Profit	123.17	105.2	88.42	75.24	75.63	69.75
Selling, General & Admin	50.98	52.57	58.29	53.16	46.91	46.5
Other Operating Expenses	4.84	6.36	17.82	6.93	5.37	6.06
Operating Expenses	55.82	58.93	76.11	60.09	52.28	52.57
Operating Income	67.35	46.27	12.31	15.15	23.35	17.19
Interest Expense	-31.34	-24.98	-24.27	-24.04	-22.66	-19.63
Interest & Investment Income	17.08	12.85	3.6	1.13	0.16	0.13
Other Non Operating Income (Expenses)	-86.56	-78.63	-117.47	-47.01	9.5	-6.24
EBT Excluding Unusual Items	-33.46	-44.49	-125.84	-54.77	10.34	-8.56
Gain (Loss) on Sale of Investments	0.09	0.09	-13.29	1.82	5.58	-
Asset Writedown	306.92	367.34	313.23	501.9	-9.27	166.73
Other Unusual Items	-0.5	-0.5	-1.2	-	-15.97	-11.63
Pretax Income	273.05	322.44	172.9	448.95	-9.31	146.54
Income Tax Expense	55.33	76.87	31.56	105	2.65	45.17
Earnings From Continuing Operations	217.72	245.58	141.34	343.95	-11.96	101.37
Minority Interest in Earnings	-25.47	-25	-20.42	-47.28	-0.78	-20.27
Net Income	192.25	220.58	120.92	296.67	-12.74	81.1
Net Income to Common	192.25	220.58	120.92	296.67	-12.74	81.1
Net Income Growth	32.50%	82.42%	-59.24%	-	-	29.29%
Shares Outstanding (Basic)	151	150	150	150	150	146
Shares Outstanding (Diluted)	152	151	151	151	151	147
Shares Change (YoY)	0.09%	-0.10%	0.13%	0.36%	2.62%	1.92%
EPS (Basic)	1.28	1.47	0.80	1.98	-0.08	0.55
EPS (Diluted)	1.27	1.46	0.80	1.96	-0.08	0.55
EPS Growth	32.34%	82.50%	-59.18%	-	-	25.42%
Free Cash Flow	85.72	6.39	111.67	176.54	41.42	161.36
Free Cash Flow Per Share	0.57	0.04	0.74	1.17	0.28	1.10
Dividend Per Share	0.532	0.532	0.399	0.866	0.200	-
Dividend Growth	33.25%	33.25%	-53.93%	333.23%	-	-
Gross Margin	49.86%	43.69%	37.74%	35.31%	36.60%	35.71%
Operating Margin	27.26%	19.21%	5.26%	7.11%	11.30%	8.80%
Profit Margin	77.83%	91.61%	51.61%	139.22%	-6.17%	41.52%
Free Cash Flow Margin	34.70%	2.65%	47.66%	82.84%	20.05%	82.60%
EBITDA	68.12	47.42	27.56	17.13	25.16	18.61
EBITDA Margin	27.58%	19.70%	11.76%	8.04%	12.18%	9.52%
D&A For EBITDA	0.78	1.16	15.25	1.98	1.81	1.42
EBIT	67.35	46.27	12.31	15.15	23.35	17.19
EBIT Margin	27.26%	19.21%	5.26%	7.11%	11.30%	8.80%
Effective Tax Rate	20.26%	23.84%	18.25%	23.39%	-	30.83%
Advertising Expenses	-	12.87	17.23	14.61	11.22	9.19

Source: S&P Capital IQ. Standard template. Financial Sources.