Polygon Real Estate Income Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	30.75	30	28.65	26.73	22.78	19.62
Revenue Growth (YoY)	4.12%	4.73%	7.18%	17.33%	16.13%	3.08%
Cost of Revenue	12.55	9.69	9.67	8.9	8.18	7.38
Gross Profit	18.2	20.32	18.97	17.82	14.6	12.23
Selling, General & Admin	2.08	2.17	2.84	3.03	1.22	0.98
Other Operating Expenses	-3.61	-3.1	1.43	0.91	2.96	0.31
Operating Expenses	-1.53	-0.92	4.27	3.93	4.18	1.29
Operating Income	19.72	21.24	14.7	13.89	10.43	10.95
Interest Expense	-0.03	-0.03	-0.02	-0.25	-0.3	-0.33
Interest & Investment Income	0.73	0.18	0.01	0.25	0.28	-
Other Non Operating Income (Expenses)	3.2	3.2	1.9	0.18	0.02	0.06
EBT Excluding Unusual Items	23.62	24.59	16.59	14.07	10.42	10.68
Gain (Loss) on Sale of Investments	-	-	-0.06	-1.04	4.08	1.01
Asset Writedown	-	-	-0.16	-0.29	-	-
Legal Settlements	-	-	-0.03	-	-0.72	-0.47
Pretax Income	23.62	24.59	21.44	27.38	13.78	11.22
Income Tax Expense	5.11	5.29	4.6	5.8	3.17	2.57
Net Income	18.51	19.3	16.84	21.58	10.61	8.65
Net Income to Common	18.51	19.3	16.84	21.58	10.61	8.65
Net Income Growth	-16.19%	14.63%	-21.98%	103.47%	22.62%	9.94%
Shares Outstanding (Basic)	5	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5	5
EPS (Basic)	3.60	3.75	3.27	4.19	2.06	1.68
EPS (Diluted)	3.60	3.75	3.27	4.19	2.06	1.68
EPS Growth	-15.85%	14.63%	-21.98%	103.47%	22.62%	9.94%
Free Cash Flow	23.96	23.01	15.94	16.3	14.96	12.24
Free Cash Flow Per Share	4.66	4.47	3.10	3.17	2.91	2.38
Gross Margin	59.19%	67.72%	66.24%	66.69%	64.10%	62.36%
Operating Margin	64.15%	70.79%	51.33%	51.97%	45.76%	55.81%
Profit Margin	60.21%	64.34%	58.79%	80.75%	46.56%	44.10%
Free Cash Flow Margin	77.94%	76.70%	55.65%	60.99%	65.65%	62.39%
EBITDA	25.02	26.57	20.05	19.34	15.99	15.91
EBITDA Margin	81.36%	88.57%	70.00%	72.36%	70.20%	81.09%
D&A For EBITDA	5.29	5.33	5.35	5.45	5.57	4.96
EBIT	19.72	21.24	14.7	13.89	10.43	10.95
EBIT Margin	64.15%	70.79%	51.33%	51.97%	45.76%	55.81%
Effective Tax Rate	21.64%	21.50%	21.44%	21.17%	23.00%	22.88%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.