TLV:SPEN 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	6,073	5,085	5,207	4,548	3,893
Revenue Growth (YoY)	19.43%	-2.34%	14.49%	16.83%	11.80%
Cost of Revenue	5,163	4,345	4,483	3,794	3,171
Gross Profit	910	740	724	754	722
Selling, General & Admin	395	338	340	284	215
Other Operating Expenses	2	-	8	-	4
Operating Expenses	397	338	348	284	219
Operating Income	513	402	376	470	503
Interest Expense	-548	-559	-547	-451	-243
Interest & Investment Income	63	63	45	11	2
Earnings From Equity Investments	-15	-49	-22	27	5
Currency Exchange Gain (Loss)	-14	-	-10	1	-8
Other Non Operating Income (Expenses)	262	248	295	331	140
EBT Excluding Unusual Items	261	105	137	389	399
Gain (Loss) on Sale of Investments	-	87	-	22	10
Gain (Loss) on Sale of Assets	13	7	11	5	5
Asset Writedown	107	83	95	111	161
Pretax Income	381	282	243	527	575
Income Tax Expense	110	67	58	100	121
Earnings From Continuing Operations	271	215	185	427	454
Earnings From Discontinued Operations	-	-	-	-	-3
Net Income to Company	271	215	185	427	451
Minority Interest in Earnings	-36	-37	-27	-44	-15
Net Income	235	178	158	383	436
Net Income to Common	235	178	158	383	436
Net Income Growth	32.02%	12.66%	-58.75%	-12.16%	32.12%
Shares Outstanding (Basic)	358	357	357	357	357
Shares Outstanding (Diluted)	363	358	359	361	362
Shares Change (YoY)	1.43%	-0.23%	-0.61%	-0.41%	0.25%
EPS (Basic)	0.66	0.50	0.44	1.07	1.22
EPS (Diluted)	0.65	0.49	0.44	1.06	1.20
EPS Growth	32.65%	11.36%	-58.49%	-11.79%	32.71%
Free Cash Flow	203	-40	338	-691	339
Free Cash Flow Per Share	0.56	-0.11	0.94	-1.92	0.94
Dividend Per Share	-	0.224	-	0.196	0.196
Dividend Growth	-	-	-	0.00%	-0.16%
Gross Margin	14.98%	14.55%	13.90%	16.58%	18.55%
Operating Margin	8.45%	7.91%	7.22%	10.33%	12.92%
Profit Margin	3.87%	3.50%	3.03%	8.42%	11.20%
Free Cash Flow Margin	3.34%	-0.79%	6.49%	-15.19%	8.71%
EBITDA	726	601	640	671	644
EBITDA Margin	11.96%	11.82%	12.29%	14.75%	16.54%
D&A For EBITDA	213	199	264	201	141
EBIT	513	402	376	470	503
EBIT Margin	8.45%	7.91%	7.22%	10.33%	12.92%
Effective Tax Rate	28.87%	23.76%	23.87%	18.98%	21.04%
Advertising Expenses	33	24	25	14	6

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