Meitav Investment House 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	1,615	1,301	1,068	993	924
Other Revenue	395	318	245	199	188
Revenue	2,010	1,619	1,313	1,192	1,112
Revenue Growth (YoY)	24.15%	23.30%	10.15%	7.19%	11.76%
Cost of Revenue	860	732	644	331	310
Gross Profit	1,150	887	669	861	802
Selling, General & Admin	201	188	187	460	401
Operating Expenses	293	269	261	524	463
Operating Income	857	618	408	337	339
Interest Expense	-203	-187	-156	-116	-73
Interest & Investment Income	26	30	37	7	32
Earnings From Equity Investments	1	-27	-22	-24	-3
Currency Exchange Gain (Loss)	-	1	2	3	-
Other Non Operating Income (Expenses)	-18	-11	-14	-20	-36
EBT Excluding Unusual Items	663	424	255	187	259
Gain (Loss) on Sale of Investments	-	-	32	-1	3
Gain (Loss) on Sale of Assets	-	3	-5	12	-
Legal Settlements	420	-34	-31	-26	-558
Other Unusual Items	-	-	-	-	-3
Pretax Income	1,083	393	251	172	-299
Income Tax Expense	195	103	94	77	93
Earnings From Continuing Operations	888	290	157	95	-392
Minority Interest in Earnings	-45	-34	-27	-21	-22
Net Income	843	256	130	74	-414
Net Income to Common	843	256	130	74	-414
Net Income Growth	229.30%	96.92%	75.68%	-	-
Shares Outstanding (Basic)	79	78	79	68	66
Shares Outstanding (Diluted)	79	78	79	68	66
Shares Change (YoY)	0.72%	-0.01%	16.16%	2.54%	0.98%
EPS (Basic)	10.67	3.26	1.66	1.10	-6.28
EPS (Diluted)	10.66	3.26	1.66	1.09	-6.29
EPS Growth	226.99%	96.86%	51.93%	-	-
Free Cash Flow	-38	13	364	-60	154
Free Cash Flow Per Share	-0.48	0.17	4.64	-0.89	2.34
Dividend Per Share	2.710	1.590	0.830	-	0.380
Dividend Growth	70.44%	91.57%	-	-	-50.65%
Gross Margin	57.21%	54.79%	50.95%	72.23%	72.12%
Operating Margin	42.64%	38.17%	31.07%	28.27%	30.49%
Profit Margin	41.94%	15.81%	9.90%	6.21%	-37.23%
Free Cash Flow Margin	-1.89%	0.80%	27.72%	-5.03%	13.85%
EBITDA	880	641	496	421	424
EBITDA Margin	43.78%	39.59%	37.78%	35.32%	38.13%
D&A For EBITDA	23	23	88	84	85
EBIT	857	618	408	337	339
EBIT Margin	42.64%	38.17%	31.07%	28.27%	30.49%
Effective Tax Rate	18.01%	26.21%	37.45%	44.77%	-
Revenue as Reported	2,010	1,619	1,313	1,192	1,112
Advertising Expenses	28	26	32	45	43

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