Victory Supermarket Chain Ltd (TLV:VCTR)

Victory Supermarket Chain Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,538	2,582	2,451	2,315	2,312	2,377
Revenue Growth (YoY)	-1.61%	5.37%	5.85%	0.14%	-2.75%	36.05%
Cost of Revenue	1,911	1,962	1,871	1,777	1,726	1,773
Gross Profit	627.17	619.94	580.17	538.03	586.31	603.92
Selling, General & Admin	543.38	517.42	494.29	455.76	496.94	498.58
Other Operating Expenses	4.76	7.18	1.66	2.05	-	-
Operating Expenses	548.14	524.59	495.95	457.81	496.94	498.58
Operating Income	79.04	95.35	84.22	80.21	89.37	105.35
Interest Expense	-47.16	-44.88	-30.4	-30.41	-29.24	-30.32
Interest & Investment Income	3.08	4.68	3.7	0.57	0.15	0.93
Earnings From Equity Investments	-0.22	0.09	-0.25	1.2	0.76	0.64
Other Non Operating Income (Expenses)	-1.88	-1.88	-0.98	-0.64	-0.62	-0.8
EBT Excluding Unusual Items	32.86	53.34	56.29	50.93	60.43	75.8
Gain (Loss) on Sale of Investments	6.79	4.58	1.85	-3.33	5.96	-0.11
Gain (Loss) on Sale of Assets	0.11	0.11	2.6	0	0.59	-0.97
Asset Writedown	-1.53	-1.53	-0.58	-0.52	-0.94	-
Pretax Income	38.22	56.51	60.16	47.09	66.04	74.72
Income Tax Expense	8.62	12.76	13.7	10.19	15.35	16.6
Net Income	29.6	43.75	46.46	36.9	50.69	58.11
Net Income to Common	29.6	43.75	46.46	36.9	50.69	58.11
Net Income Growth	-45.47%	-5.84%	25.91%	-27.20%	-12.78%	113.09%
Shares Outstanding (Basic)	12	14	14	14	14	14
Shares Outstanding (Diluted)	12	14	14	14	15	14
Shares Change (YoY)	-17.14%	-0.65%	-0.17%	-0.70%	0.92%	0.45%
EPS (Basic)	2.49	3.07	3.24	2.56	3.50	4.07
EPS (Diluted)	2.49	3.06	3.23	2.56	3.49	4.04
EPS Growth	-34.25%	-5.26%	26.17%	-26.65%	-13.61%	111.52%
Free Cash Flow	92.13	139.35	164.14	165.77	89.35	161.91
Free Cash Flow Per Share	7.75	9.76	11.42	11.51	6.16	11.27
Dividend Per Share	1.904	2.468	2.089	0.840	-	-
Dividend Growth	-9.44%	18.16%	148.68%	-	-	-
Gross Margin	24.71%	24.01%	23.67%	23.24%	25.36%	25.40%
Operating Margin	3.11%	3.69%	3.44%	3.46%	3.87%	4.43%
Profit Margin	1.17%	1.69%	1.90%	1.59%	2.19%	2.44%
Free Cash Flow Margin	3.63%	5.40%	6.70%	7.16%	3.86%	6.81%
EBITDA	117.35	134.26	121.59	114.05	122.45	136.17
EBITDA Margin	4.62%	5.20%	4.96%	4.93%	5.30%	5.73%
D&A For EBITDA	38.32	38.91	37.37	33.83	33.08	30.82
EBIT	79.04	95.35	84.22	80.21	89.37	105.35
EBIT Margin	3.11%	3.69%	3.44%	3.46%	3.87%	4.43%
Effective Tax Rate	22.56%	22.58%	22.78%	21.63%	23.25%	22.22%
Advertising Expenses	-	-0.18	0.37	3.3	4.47	7.52

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