Solaer Renewable Energies 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	129	105.72	47.67	38.69	15.73
Revenue Growth (YoY)	22.02%	121.77%	23.20%	145.94%	52.45%
Selling, General & Admin	17.38	19.72	12.69	14.88	11.15
Depreciation & Amortization	5.93	22.1	21.73	17.25	5.51
Other Operating Expenses	95.58	85.5	20.73	19.43	16.47
Total Operating Expenses	121.01	127.69	56.93	53.46	36.67
Operating Income	7.99	-21.97	-9.26	-14.77	-20.94
Interest Expense	-116.34	-95.7	-82.31	-48.14	-16.14
Interest Income	37.87	29.51	20.03	13.25	1.32
Net Interest Expense	-78.47	-66.19	-62.29	-34.88	-14.82
Income (Loss) on Equity Investments	-0.78	-0.46	0.1	0.07	-
Currency Exchange Gain (Loss)	-20.25	-34.47	19.38	15.28	-4.81
Other Non-Operating Income (Expenses)	91.37	55.2	58.93	30.46	4.59
EBT Excluding Unusual Items	-0.13	-67.89	6.86	-3.84	-35.98
Asset Writedown	-3.42	-5.01	-2.3	-4.3	-0.43
Pretax Income	-3.56	-72.9	4.56	-8.13	-36.41
Income Tax Expense	3.86	-13.39	4.82	8.97	-4.76
Earnings From Continuing Ops.	-7.42	-59.51	-0.26	-17.1	-31.65
Minority Interest in Earnings	12.74	7.07	10.44	5.95	5.95
Net Income	5.32	-52.43	10.18	-11.15	-25.7
Net Income to Common	5.32	-52.43	10.18	-11.15	-25.7
Shares Outstanding (Basic)	17	16	14	14	13
Shares Outstanding (Diluted)	18	16	14	14	13
Shares Change (YoY)	10.37%	18.50%	-0.24%	6.63%	30.21%
EPS (Basic)	0.31	-3.19	0.74	-0.80	-1.97
EPS (Diluted)	0.29	-3.19	0.74	-0.80	-1.97
Free Cash Flow	-243.59	-117.94	-78.43	-170.08	-296.9
Free Cash Flow Per Share	-13.45	-7.19	-5.66	-12.25	-22.80
Profit Margin	4.12%	-49.59%	21.36%	-28.81%	-163.34%
Free Cash Flow Margin	-188.83%	-111.56%	-164.53%	-439.55%	-1887.11%
EBITDA	8.38	-13.76	6.02	2.74	-15.43
EBITDA Margin	6.49%	-13.01%	12.63%	7.08%	-98.06%
D&A For EBITDA	0.38	8.21	15.28	17.51	5.51
EBIT	7.99	-21.97	-9.26	-14.77	-20.94
EBIT Margin	6.20%	-20.78%	-19.43%	-38.16%	-133.09%
Effective Tax Rate	-	-	105.75%	-	-
Revenue as Reported	129	105.72	47.67	-	15.73

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