Malam - Team 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
Revenue	4,138	3,781	3,029	2,704	2,269
Revenue Growth (YoY)	9.43%	24.84%	12.01%	19.15%	1.54%
Cost of Revenue	3,705	3,380	2,689	2,372	1,960
Gross Profit	433.39	401.01	340.43	331.88	309.07
Selling, General & Admin	189.35	185.78	184.05	184.82	169.98
Research & Development	24.85	12.75	10.17	11.76	5.52
Other Operating Expenses	-	-	-	20.63	13.88
Operating Expenses	214.2	198.53	194.22	217.21	189.38
Operating Income	219.19	202.48	146.21	114.67	119.69
Interest Expense	-57.22	-58.24	-57.65	-25.8	-10.93
Interest & Investment Income	1.81	1.57	1.07	0.15	0.03
Earnings From Equity Investments	-6.4	-2.1	2.13	3.54	1.18
Currency Exchange Gain (Loss)	-18.27	-17.02	-7.01	-14.16	-14.56
Other Non Operating Income (Expenses)	-3.1	-	0.07	-	-
EBT Excluding Unusual Items	136.01	126.69	84.82	78.4	95.41
Gain (Loss) on Sale of Investments	-	-11.19	-	-	-
Gain (Loss) on Sale of Assets	-	-	0.03	-4.66	-
Asset Writedown	-27.2	-	-	-	-
Other Unusual Items	-2.22	-0.22	-0.72	-2.83	-3.93
Pretax Income	106.59	115.29	84.14	70.91	91.48
Income Tax Expense	28.93	22.66	19.94	15.04	23.94
Earnings From Continuing Operations	77.66	92.62	64.2	55.87	67.54
Minority Interest in Earnings	-3.65	-4.08	-0.31	0.18	0.25
Net Income	74.01	88.54	63.88	56.05	67.79
Net Income to Common	74.01	88.54	63.88	56.05	67.79
Net Income Growth	-16.41%	38.59%	13.98%	-17.32%	-10.66%
Shares Outstanding (Basic)	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22
EPS (Basic)	3.38	4.04	2.92	2.56	3.10
EPS (Diluted)	3.38	4.04	2.92	2.56	3.10
EPS Growth	-16.41%	38.59%	13.98%	-17.32%	-10.66%
Free Cash Flow	129.07	242.18	201.84	-47.63	171.51
Free Cash Flow Per Share	5.89	11.06	9.22	-2.17	7.83
Dividend Per Share	-	-	1.000	2.500	2.500
Dividend Growth	-	-	-60.00%	-	-
Gross Margin	10.47%	10.61%	11.24%	12.27%	13.62%
Operating Margin	5.30%	5.36%	4.83%	4.24%	5.27%
Profit Margin	1.79%	2.34%	2.11%	2.07%	2.99%
Free Cash Flow Margin	3.12%	6.40%	6.66%	-1.76%	7.56%
EBITDA	271.62	256.89	209.03	180.26	177.61
EBITDA Margin	6.56%	6.79%	6.90%	6.67%	7.83%
D&A For EBITDA	52.43	54.41	62.82	65.59	57.92
EBIT	219.19	202.48	146.21	114.67	119.69
EBIT Margin	5.30%	5.36%	4.83%	4.24%	5.27%
Effective Tax Rate	27.14%	19.66%	23.70%	21.21%	26.17%
Advertising Expenses	10.13	9.56	8.21	4.5	1.95

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.