Polygon Real Estate 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	32.97	30	28.65	26.73	22.78
Revenue Growth (YoY)	9.90%	4.73%	7.18%	17.33%	16.13%
Cost of Revenue	9.07	6.34	10.73	8.9	8.18
Gross Profit	23.9	23.66	17.92	17.82	14.6
Selling, General & Admin	1.74	2.17	2.84	3.03	1.22
Other Operating Expenses	0.2	0.25	0.38	0.91	2.96
Operating Expenses	1.94	2.42	3.22	3.93	4.18
Operating Income	21.96	21.24	14.7	13.89	10.43
Interest Expense	-0.03	-0.03	-0.02	-0.25	-0.3
Interest & Investment Income	-	0.18	0.01	0.25	0.28
Other Non Operating Income (Expenses)	4.41	3.2	1.9	0.18	0.02
EBT Excluding Unusual Items	26.35	24.59	16.59	14.07	10.42
Gain (Loss) on Sale of Investments	-	-	-0.06	-1.04	4.08
Asset Writedown	-	-	-0.16	-0.29	-
Legal Settlements	-0.78	-	-0.03	-	-0.72
Pretax Income	25.57	24.59	21.44	27.38	13.78
Income Tax Expense	5.67	5.29	4.6	5.8	3.17
Net Income	19.9	19.3	16.84	21.58	10.61
Net Income to Common	19.9	19.3	16.84	21.58	10.61
Net Income Growth	3.10%	14.63%	-21.98%	103.47%	22.62%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
EPS (Basic)	3.87	3.75	3.27	4.19	2.06
EPS (Diluted)	3.87	3.75	3.27	4.19	2.06
EPS Growth	3.10%	14.63%	-21.98%	103.47%	22.62%
Free Cash Flow	24.62	23.01	15.94	16.3	14.96
Free Cash Flow Per Share	4.78	4.47	3.10	3.17	2.91
Gross Margin	72.49%	78.86%	62.56%	66.69%	64.10%
Operating Margin	66.60%	70.79%	51.33%	51.97%	45.76%
Profit Margin	60.36%	64.34%	58.79%	80.75%	46.56%
Free Cash Flow Margin	74.66%	76.70%	55.65%	60.99%	65.65%
EBITDA	27.16	26.57	20.05	19.34	15.99
EBITDA Margin	82.37%	88.57%	70.00%	72.36%	70.20%
D&A For EBITDA	5.2	5.33	5.35	5.45	5.57
EBIT	21.96	21.24	14.7	13.89	10.43
EBIT Margin	66.60%	70.79%	51.33%	51.97%	45.76%
Effective Tax Rate	22.17%	21.50%	21.44%	21.17%	23.00%