TLV:MSKE 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
Operating Revenue	132.95	100.46	72.07	59.25	44.69
Other Revenue	4.53	5.43	7.03	8.28	0.78
Revenue	137.48	105.89	79.1	67.53	45.47
Revenue Growth (YoY)	29.83%	33.87%	17.14%	48.51%	353.08%
Operations & Maintenance	26.44	19.33	13.11	11.11	7.79
Selling, General & Admin	16.27	14.39	12.99	10.44	13.72
Depreciation & Amortization	66.57	57.84	42.92	36.37	25.63
Amortization of Goodwill & Intangibles	2.01	2.02	2.01	1.45	-
Other Operating Expenses	45.24	33.47	40.5	26.91	20.03
Total Operating Expenses	156.53	127.05	111.53	86.28	67.17
Operating Income	-19.06	-21.15	-32.43	-18.75	-21.7
Interest Expense	-58.21	-25.82	-16.1	-12.56	-12.03
Interest Income	20.39	10.38	12.75	1.54	1.61
Net Interest Expense	-37.83	-15.45	-3.35	-11.02	-10.41
Income (Loss) on Equity Investments	40.35	24.21	42.72	31.02	-2.73
Other Non-Operating Income (Expenses)	-30.96	-23.92	-12.72	-19	-10.19
EBT Excluding Unusual Items	-47.5	-36.31	-5.77	-17.75	-45.03
Gain (Loss) on Sale of Investments	-	4.82	-	-	-
Pretax Income	-47.5	-31.49	-5.77	-17.75	-45.03
Income Tax Expense	0.56	-9	-6.76	-5.7	-4.07
Earnings From Continuing Ops.	-48.06	-22.5	0.99	-12.04	-40.96
Minority Interest in Earnings	-38.76	-29.66	0.81	1.16	0.68
Net Income	-86.81	-52.16	1.8	-10.88	-40.28
Net Income to Common	-86.81	-52.16	1.8	-10.88	-40.28
Shares Outstanding (Basic)	711	711	636	413	147
Shares Outstanding (Diluted)	711	711	636	413	147
Shares Change (YoY)	0.02%	11.69%	54.23%	181.34%	46.14%
EPS (Basic)	-0.12	-0.07	0.00	-0.03	-0.27
EPS (Diluted)	-0.12	-0.07	0.00	-0.03	-0.27
Free Cash Flow	-170.6	-154.38	-187.92	-109.32	-134.13
Free Cash Flow Per Share	-0.24	-0.22	-0.29	-0.27	-0.92
Profit Margin	-63.15%	-49.26%	2.28%	-16.11%	-88.59%
Free Cash Flow Margin	-124.09%	-145.79%	-237.56%	-161.89%	-294.97%
EBITDA	39.07	28.3	12.51	19.07	3.93
EBITDA Margin	28.42%	26.72%	15.81%	28.23%	8.64%
D&A For EBITDA	58.12	49.45	44.93	37.82	25.63
EBIT	-19.06	-21.15	-32.43	-18.75	-21.7
EBIT Margin	-13.86%	-19.98%	-40.99%	-27.77%	-47.72%
Revenue as Reported	137.48	105.89	79.1	67.53	45.47

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