Azrieli Group Ltd. (TLV:AZRG)

Azrieli Group Balance Sheet

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
Property, Plant & Equipment	52,403	48,950	45,409	39,985	34,685	29,780
Cash & Equivalents	3,245	4,633	4,915	3,404	2,886	2,646
Accounts Receivable	455	132	159	78	83	78
Other Receivables	641	158	295	111	221	232
Investment In Debt and Equity Securities	2,290	1,523	1,038	1,030	1,288	866
Goodwill	-	1,473	1,612	1,644	1,635	103
Other Intangible Assets	1,561	-	2	24	15	15
Other Current Assets	932	288	276	84	81	317
Deferred Long-Term Tax Assets	-	2	2	1	1	1
Other Long-Term Assets	1,720	774	364	2,113	1,476	1,086
Total Assets	63,247	57,933	54,072	48,474	42,371	35,124
Current Portion of Long-Term Debt	-	1,761	2,027	1,143	935	1,216
Long-Term Debt	26,597	23,421	19,935	17,033	13,713	10,527
Long-Term Leases	437	317	318	21	16	-
Accounts Payable	648	617	751	669	383	406
Accrued Expenses	-	281	204	204	111	88
Current Income Taxes Payable	5	3	43	69	3	3
Current Unearned Revenue	-	77	89	74	77	84
Other Current Liabilities	2,197	1,551	1,417	1,316	1,159	1,026
Long-Term Deferred Tax Liabilities	5,713	5,267	4,845	4,606	4,506	3,503
Other Long-Term Liabilities	260	79	78	75	67	53
Total Liabilities	38,452	34,096	30,504	26,372	21,599	16,991
Common Stock	18	18	18	18	18	18
Additional Paid-In Capital	2,518	2,518	2,518	2,518	2,518	2,518
Retained Earnings	21,437	21,065	20,588	19,063	17,850	15,470
Comprehensive Income & Other	797	206	419	474	356	95
Total Common Equity	24,770	23,807	23,543	22,073	20,742	18,101
Minority Interest	25	30	25	29	30	32
Shareholders' Equity	24,795	23,837	23,568	22,102	20,772	18,133
Total Liabilities & Equity	63,247	57,933	54,072	48,474	42,371	35,124
Total Debt	29,629	26,211	23,067	19,350	15,285	11,820
Net Cash (Debt)	-26,384	-21,578	-18,152	-15,946	-12,399	-9,174
Net Cash Per Share	-216.56	-177.18	-149.68	-131.49	-102.24	-75.65
Filing Date Shares Outstanding	121.27	121.27	121.27	121.27	121.27	121.27
Total Common Shares Outstanding	121.27	121.27	121.27	121.27	121.27	121.27
Book Value Per Share	204.25	196.31	194.13	182.01	171.04	149.26
Tangible Book Value	23,209	22,334	21,929	20,405	19,092	17,983
Tangible Book Value Per Share	191.38	184.16	180.82	168.26	157.43	148.29
Land	-	44,180	38,691	35,936	31,422	27,403
Buildings	-	172	171	171	170	169
Construction In Progress	-	4,434	6,447	3,778	3,015	2,155

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