Pie Siam 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	25.74	28.1	37.1	33	14.6
Revenue Growth (YoY)	-8.43%	-24.25%	12.43%	126.07%	233.80%
Cost of Revenue	19.94	19.87	21.2	19.32	11.26
Gross Profit	5.79	8.24	15.9	13.68	3.34
Selling, General & Admin	17.29	11.72	13.12	12.56	6.92
Other Operating Expenses	1.66	6.03	1.48	1.02	-1.54
Operating Expenses	23.31	22.08	18.9	18.07	9.06
Operating Income	-17.52	-13.84	-3	-4.39	-5.72
Interest Expense	-38.39	-41.66	-34.84	-19.56	-14.57
Interest & Investment Income	-	3.56	2.95	2.39	0.4
Earnings From Equity Investments	0.59	-2.11	-2.58	0.59	13.19
Other Non Operating Income (Expenses)	8.07	-3.2	-17.57	-	-
EBT Excluding Unusual Items	-47.25	-57.26	-55.04	-20.97	-6.71
Gain (Loss) on Sale of Investments	-	-	-	-	-0.87
Asset Writedown	175.74	70.72	-23.42	131.01	151.89
Other Unusual Items	-	-	1.73	0.35	0.03
Pretax Income	128.49	13.46	-76.73	110.4	144.35
Income Tax Expense	28.81	3.41	-15.31	21.48	16.11
Net Income	99.69	10.04	-61.42	88.91	128.23
Net Income to Common	99.69	10.04	-61.42	88.91	128.23
Net Income Growth	892.80%	-	-	-30.66%	194.16%
Shares Outstanding (Basic)	19	18	18	18	18
Shares Outstanding (Diluted)	19	18	18	18	18
Shares Change (YoY)	1.26%	-	-	0.97%	98.08%
EPS (Basic)	5.36	0.55	-3.34	4.84	7.05
EPS (Diluted)	5.36	0.55	-3.34	4.84	7.05
EPS Growth	880.45%	-	-	-31.33%	48.50%
Free Cash Flow	-116.15	-87.04	-65.04	-135.72	-52.85
Free Cash Flow Per Share	-6.25	-4.74	-3.54	-7.39	-2.90
Gross Margin	22.50%	29.30%	42.86%	41.45%	22.85%
Operating Margin	-68.07%	-49.24%	-8.09%	-13.32%	-39.21%
Profit Margin	387.35%	35.73%	-165.54%	269.44%	878.48%
Free Cash Flow Margin	-451.31%	-309.69%	-175.31%	-411.29%	-362.06%
EBITDA	-12.23	-8.61	2.06	0.58	-2.05
EBITDA Margin	-47.50%	-30.64%	5.54%	1.75%	-14.02%
D&A For EBITDA	5.29	5.23	5.06	4.97	3.68
EBIT	-17.52	-13.84	-3	-4.39	-5.72
EBIT Margin	-68.07%	-49.24%	-8.09%	-13.31%	-39.21%
Effective Tax Rate	22.42%	25.37%	-	19.46%	11.16%
Revenue as Reported	25.74	28.1	37.1	33	14.6
Advertising Expenses	-	0.96	1.98	1.27	0.36

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