Urbanica (Palo) Retail 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cost of Revenue	285.22	277.5	218.96	184.11
Gross Profit	-285.22	-277.5	-218.96	-184.11
Selling, General & Admin	249.54	232.91	193.58	168.01
Other Operating Expenses	-3.17	-1.8	-0.94	-0.71
Operating Expenses	246.37	231.11	192.64	167.3
Operating Income	-531.59	-508.61	-411.61	-351.41
Interest Expense	-28.48	-20.69	-18.79	-15.52
Interest & Investment Income	617.69	605.04	461.04	398.65
Currency Exchange Gain (Loss)	0.58	0.58	0.13	0.55
Other Non Operating Income (Expenses)	0.65	0.65	4.86	5.8
Pretax Income	58.86	76.97	35.64	38.07
Income Tax Expense	13.86	17.94	8.73	8.77
Net Income	45	59.03	26.91	29.31
Net Income to Common	45	59.03	26.91	29.31
Net Income Growth	53.53%	119.39%	-8.19%	-
Shares Outstanding (Basic)	74	66	66	66
Shares Outstanding (Diluted)	74	66	66	66
Shares Change (YoY)	11.49%	0.17%	-	-
EPS (Basic)	0.61	0.89	0.41	0.44
EPS (Diluted)	0.61	0.89	0.41	0.44
EPS Growth	37.70%	119.01%	-8.19%	-
Free Cash Flow	4.38	46.67	43.22	9.06
Free Cash Flow Per Share	0.06	0.71	0.66	0.14
EBITDA	-518.65	-500.93	-406	-347.38
D&A For EBITDA	12.94	7.69	5.6	4.02
EBIT	-531.59	-508.61	-411.61	-351.41
Effective Tax Rate	23.55%	23.30%	24.50%	23.02%
Advertising Expenses	-	18.27	16.61	18.9

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