O.Y. Nofar Energy 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	311.3	313.21	320.78	324.57	360.76
Other Revenue	6.25	6.04	2.58	7.63	-
Revenue	317.55	319.25	323.35	332.2	360.76
Revenue Growth (YoY)	-0.53%	-1.27%	-2.66%	-7.92%	68.88%
Cost of Revenue	286.3	264.47	318.48	322.3	327.03
Gross Profit	31.24	54.78	4.88	9.89	33.74
Selling, General & Admin	105.22	82.63	79.26	46.79	24.45
Other Operating Expenses	11.79	4.14	5.63	23.29	-0.13
Operating Expenses	117.01	86.78	84.89	70.09	24.32
Operating Income	-85.77	-32	-80.01	-60.19	9.42
Interest Expense	-285.3	-179.91	-126.13	-48.62	-13.75
Interest & Investment Income	29.54	36.37	68.37	12.18	6.55
Earnings From Equity Investments	-21.2	18.14	-31.64	9.37	-0.21
Currency Exchange Gain (Loss)	-33.03	8.76	1.11	33.22	-9
Other Non Operating Income (Expenses)	118.86	87.65	22.23	-2.55	3.87
EBT Excluding Unusual Items	-276.89	-60.99	-146.06	-56.59	-3.13
Gain (Loss) on Sale of Investments	59.6	-	51.23	209.89	-
Gain (Loss) on Sale of Assets	265.56	-	-	-	-
Asset Writedown	-22.36	-4.52	-33.52	-	-
Other Unusual Items	-	-	-	-	6.22
Pretax Income	25.9	-65.52	-128.35	153.29	3.09
Income Tax Expense	-25.68	-19	-26.52	4.78	-0.19
Earnings From Continuing Operations	51.58	-46.52	-101.83	148.51	3.28
Minority Interest in Earnings	38.55	19.61	13.17	5.24	1.1
Net Income	90.13	-26.91	-88.66	153.75	4.38
Net Income to Common	90.13	-26.91	-88.66	153.75	4.38
Net Income Growth	-	-	-	3407.78%	-
Shares Outstanding (Basic)	38	36	36	34	28
Shares Outstanding (Diluted)	38	36	36	34	28
Shares Change (YoY)	7.58%	-	5.63%	22.00%	106.04%
EPS (Basic)	2.37	-0.76	-2.49	4.57	0.16
EPS (Diluted)	2.36	-0.76	-2.49	4.57	0.16
EPS Growth	-	-	-	2775.14%	-
Free Cash Flow	-1,346	-860.62	-374.39	-321.99	-123.05
Free Cash Flow Per Share	-35.21	-24.21	-10.53	-9.57	-4.46
Gross Margin	9.84%	17.16%	1.51%	2.98%	9.35%
Operating Margin	-27.01%	-10.02%	-24.74%	-18.12%	2.61%
Profit Margin	28.38%	-8.43%	-27.42%	46.28%	1.21%
Free Cash Flow Margin	-423.94%	-269.58%	-115.78%	-96.93%	-34.11%
EBITDA	21.91	51.72	0.22	-45.5	16.16
EBITDA Margin	6.90%	16.20%	0.07%	-13.69%	4.48%
D&A For EBITDA	107.68	83.72	80.23	14.7	6.75
EBIT	-85.77	-32	-80.01	-60.19	9.42
EBIT Margin	-27.01%	-10.02%	-24.74%	-18.12%	2.61%
Effective Tax Rate	-	-	-	3.12%	-
Revenue as Reported	317.55	320.18	344.36	332.2	360.76

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