Victory Supermarket Chain 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	2,520	2,582	2,451	2,315	2,312
Revenue Growth (YoY)	-2.42%	5.37%	5.85%	0.14%	-2.75%
Cost of Revenue	1,886	1,962	1,871	1,777	1,726
Gross Profit	634.3	619.94	580.17	538.03	586.31
Selling, General & Admin	558.25	517.42	494.29	455.76	496.94
Other Operating Expenses	3.94	7.18	1.66	2.05	-
Operating Expenses	562.19	524.59	495.95	457.81	496.94
Operating Income	72.11	95.35	84.22	80.21	89.37
Interest Expense	-48.11	-44.88	-30.4	-30.41	-29.24
Interest & Investment Income	2.23	4.68	3.7	0.57	0.15
Earnings From Equity Investments	-0.22	0.09	-0.25	1.2	0.76
Other Non Operating Income (Expenses)	-1.11	-1.88	-0.98	-0.64	-0.62
EBT Excluding Unusual Items	24.9	53.34	56.29	50.93	60.43
Gain (Loss) on Sale of Investments	6.37	4.58	1.85	-3.33	5.96
Gain (Loss) on Sale of Assets	0.2	0.11	2.6	0	0.59
Asset Writedown	-0.47	-1.53	-0.58	-0.52	-0.94
Other Unusual Items	0.49	-	-	-	-
Pretax Income	31.49	56.51	60.16	47.09	66.04
Income Tax Expense	7.51	12.76	13.7	10.19	15.35
Net Income	23.98	43.75	46.46	36.9	50.69
Net Income to Common	23.98	43.75	46.46	36.9	50.69
Net Income Growth	-45.18%	-5.84%	25.91%	-27.20%	-12.78%
Shares Outstanding (Basic)	14	14	14	14	14
Shares Outstanding (Diluted)	14	14	14	14	15
Shares Change (YoY)	-0.64%	-0.65%	-0.17%	-0.70%	0.92%
EPS (Basic)	1.69	3.07	3.24	2.56	3.50
EPS (Diluted)	1.69	3.06	3.23	2.56	3.49
EPS Growth	-44.77%	-5.26%	26.17%	-26.65%	-13.61%
Free Cash Flow	98.76	139.35	164.14	165.77	89.35
Free Cash Flow Per Share	6.96	9.76	11.42	11.51	6.16
Dividend Per Share	-	2.468	2.089	0.840	-
Dividend Growth	-	18.16%	148.68%	-	-
Gross Margin	25.17%	24.01%	23.67%	23.24%	25.36%
Operating Margin	2.86%	3.69%	3.44%	3.46%	3.87%
Profit Margin	0.95%	1.69%	1.90%	1.59%	2.19%
Free Cash Flow Margin	3.92%	5.40%	6.70%	7.16%	3.86%
EBITDA	112.13	134.26	121.59	114.05	122.45
EBITDA Margin	4.45%	5.20%	4.96%	4.93%	5.30%
D&A For EBITDA	40.02	38.91	37.37	33.83	33.08
EBIT	72.11	95.35	84.22	80.21	89.37
EBIT Margin	2.86%	3.69%	3.44%	3.46%	3.87%
Effective Tax Rate	23.85%	22.58%	22.78%	21.63%	23.25%
Advertising Expenses	5.26	-0.18	0.37	3.3	4.47

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