Africa Israel Residences Ltd (TLV:AFRE)

Africa Israel Residences 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	928.97	966.48	1,079	962.54	805.37	1,343
Revenue Growth (YoY)	-0.20%	-10.45%	12.12%	19.52%	-40.04%	4.06%
Cost of Revenue	703.44	733.96	838.62	738.8	665.25	1,152
Gross Profit	225.53	232.52	240.58	223.75	140.11	191.47
Selling, General & Admin	61.82	62.6	55.51	62.34	49.51	51.87
Other Operating Expenses	3.05	2.16	1.09	-2.62	-0.55	1.73
Operating Expenses	64.87	64.76	56.6	59.72	48.96	53.6
Operating Income	160.66	167.76	183.98	164.03	91.16	137.87
Interest Expense	-90.28	-82.34	-61.93	-57.32	-41.2	-44.32
Interest & Investment Income	37.83	37.83	28.72	15.86	26.4	8.02
Earnings From Equity Investments	52.34	54.29	17.58	52.49	107.02	17.32
Other Non Operating Income (Expenses)	2.2	3.94	2.56	1.99	-	-
EBT Excluding Unusual Items	162.76	181.49	170.9	177.03	183.38	118.89
Gain (Loss) on Sale of Investments	13.33	13.33	10.67	-15.03	-	-7.7
Asset Writedown	117.74	67.01	37.16	83.41	78.26	20.44
Pretax Income	293.84	261.83	218.73	245.41	261.64	131.63
Income Tax Expense	45.96	40.24	47.26	43.9	41.87	29.06
Earnings From Continuing Operations	247.88	221.59	171.46	201.5	219.77	102.57
Minority Interest in Earnings	-5.03	-3.69	-	-	-	-
Net Income	242.85	217.9	171.46	201.5	219.77	102.57
Net Income to Common	242.85	217.9	171.46	201.5	219.77	102.57
Net Income Growth	44.53%	27.08%	-14.91%	-8.31%	114.27%	-1.63%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	0.75%	0.41%	-	-	-	-
EPS (Basic)	19.19	17.23	13.56	15.94	17.38	8.11
EPS (Diluted)	19.03	17.16	13.56	15.94	17.38	8.11
EPS Growth	43.38%	26.55%	-14.92%	-8.31%	114.27%	-1.63%
Free Cash Flow	74.2	-103.7	-56.96	765.99	409.02	-222.45
Free Cash Flow Per Share	5.82	-8.17	-4.50	60.58	32.35	-17.59
Dividend Per Share	6.172	6.172	7.118	5.694	4.746	4.746
Dividend Growth	160.11%	-13.30%	25.02%	19.98%	-	20.14%
Gross Margin	24.28%	24.06%	22.29%	23.24%	17.40%	14.25%
Operating Margin	17.29%	17.36%	17.05%	17.04%	11.32%	10.26%
Profit Margin	26.14%	22.55%	15.89%	20.93%	27.29%	7.64%
Free Cash Flow Margin	7.99%	-10.73%	-5.28%	79.58%	50.79%	-16.56%
EBITDA	165.57	172.75	188.68	165.88	92.18	141.64
EBITDA Margin	17.82%	17.88%	17.48%	17.23%	11.45%	10.54%
D&A For EBITDA	4.91	4.99	4.7	1.85	1.03	3.77
EBIT	160.66	167.76	183.98	164.03	91.16	137.87
EBIT Margin	17.29%	17.36%	17.05%	17.04%	11.32%	10.26%
Effective Tax Rate	15.64%	15.37%	21.61%	17.89%	16.00%	22.08%

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