Income Statement Golan Renewable Industries Ltd

Stocks

GRIN

IL0010919335

Construction Supplies & Fixtures

Market Closed - TEL AVIV STOCK EXCHANGE Other stock markets 06:44:50 2026-06-19 EDT			5-day change	1st Jan Change
759.50 ^ILa	0.00%		+1.82%	-24.20%

05-26	Golan Renewable Industries Ltd Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-29	Golan Renewable Industries Ltd Reports Earnings Results for the Full Year Ended December 31, 2025	CI

da.YeQ4I0lMgMCRZxVAydj-kQZ7JXkx9PzFYT0iHlhmjaM.B9J9YDMu7bPhVUMUnKKkxlZNcStcxcuiUwR7ZBkp6fQ0vVdTJxrOhP8Qdg

Published financial data: GOLAN RENEWABLE INDUSTRIES LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	374M	415M	430M	406M	427M
Total Revenues	374M	415M	430M	406M	427M
Cost of Goods Sold, Total	262M	303M	314M	296M	319M
Gross Profit	112M	111M	116M	110M	108M
Selling General & Admin Expenses, Total	61.9M	69.31M	69.28M	71.93M	82.29M
R&D Expenses	1.87M	1.95M	2.05M	3.29M	2.94M
Other Operating Expenses	97K	-55K	-1.76M	-301K	527K
Other Operating Expenses, Total	63.86M	71.2M	69.57M	74.92M	85.76M
Operating Income	48.3M	40.29M	46.38M	35.47M	22.34M
Interest Expense, Total	-3.62M	-4.05M	-6.79M	-6.49M	-7.15M
Net Interest Expenses	-3.62M	-4.05M	-6.79M	-6.49M	-7.15M
Income (Loss) On Equity Invest.	-436K	7.07M	355K	4.32M	2.52M
Currency Exchange Gains (Loss)	-3.96M	3.96M	3.76M	-1.94M	-1.09M
Other Non Operating Income (Expenses)	-132K	222K	-201K	-182K	-186K
EBT, Excl. Unusual Items	40.15M	47.5M	43.51M	31.18M	16.43M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	925K	-1.29M	632K	775K	1.49M
Gain (Loss) On Sale Of Assets	1.68M	23K	33K	1.14M	233K
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	42.76M	46.23M	44.17M	33.1M	18.16M
Income Tax Expense	4.46M	4.55M	4.73M	4.52M	1.75M
Earnings From Continuing Operations	38.3M	41.68M	39.45M	28.58M	16.41M
Net Income to Company	38.3M	41.68M	39.45M	28.58M	16.41M
Minority Interest	2.1M	370K	-1.01M	-3.18M	637K
Net Income - (IS)	40.39M	42.05M	38.44M	25.4M	17.04M
Net Income to Common Incl Extra Items	40.39M	42.05M	38.44M	25.4M	17.04M
Net Income to Common Excl. Extra Items	40.39M	42.05M	38.44M	25.4M	17.04M
Per Share Items
Net EPS - Basic	1.18	1.23	1.12	0.74	0.5
Basic EPS - Continuing Operations	1.18	1.23	1.12	0.74	0.5
Basic Weighted Average Shares Outstanding	34.23M	34.23M	34.23M	34.23M	34.23M
Net EPS - Diluted	1.18	1.22	1.12	0.74	0.5
Diluted EPS - Continuing Operations	1.18	1.22	1.12	0.74	0.5
Diluted Weighted Average Shares Outstanding	34.23M	34.23M	34.23M	34.23M	34.23M
Normalized Basic EPS	0.79	0.88	0.76	0.48	0.32
Normalized Diluted EPS	0.79	0.88	0.76	0.48	0.32
Dividend Per Share	0.53	0.53	0.53	0.58	0.18
Payout Ratio	79.22	-	93.66	-	117.34
Supplemental Items
EBITDA	60.29M	52.74M	59.22M	50.39M	39.58M
EBITA	48.3M	40.29M	46.38M	35.47M	22.34M
EBIT	48.3M	40.29M	46.38M	35.47M	22.34M
Effective Tax Rate - (Ratio)	10.44	9.84	10.7	13.67	9.63
Total Current Taxes	4.22M	5.07M	4.68M	4.65M	2.09M
Total Deferred Taxes	245K	-519K	47K	-128K	-346K
Normalized Net Income	27.19M	30.06M	26.18M	16.31M	10.91M
Interest on Long-Term Debt	3.58M	3.8M	6.64M	6.24M	6.39M
Supplemental Operating Expense Items
Advertising Expense	1.56M	1.98M	2.09M	2.17M	3.13M
Selling and Marketing Expenses	36.81M	41.13M	40.77M	42.28M	52.06M
General and Administrative Expenses	25.08M	28.18M	28.52M	29.66M	30.23M
Research And Development Expense From Footnotes	1.87M	1.95M	2.05M	3.29M	2.94M
Maintenance & Repair Expenses, Total	858K	1.04M	1.42M	1.28M	1.75M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	8.04M	17.81M	5.03M	14.26M	10.54M
Short Term Investments	207K	256K	339K	180K	189K
Trading Asset Securities, Total	13.88M	12.54M	13.09M	14.03M	15.52M
Total Cash And Short Term Investments	22.13M	30.6M	18.45M	28.47M	26.26M
Accounts Receivable, Total	153M	153M	138M	149M	164M
Other Receivables	2.72M	8.39M	4.29M	8.21M	12.03M
Total Receivables	156M	161M	142M	157M	176M
Inventory	72.72M	105M	111M	103M	110M
Prepaid Expenses	2.08M	2.56M	5.6M	4.96M	1.69M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	253M	299M	277M	294M	314M
Gross Property Plant And Equipment	408M	425M	467M	505M	541M
Accumulated Depreciation	-238M	-255M	-274M	-295M	-319M
Net Property Plant And Equipment	170M	169M	193M	209M	222M
Long-term Investments	15.34M	22.53M	25.65M	25.13M	21.74M
Goodwill	5.28M	5.51M	5.76M	5.54M	5.48M
Other Intangibles, Total	0	0	-	-	-
Other Long-Term Assets, Total	-	-	-	-	146K
Total Assets	444M	497M	502M	534M	563M
Liabilities
Accounts Payable, Total	32.62M	39.45M	19.6M	40.31M	31.62M
Accrued Expenses, Total	19.56M	18.68M	19.04M	40.14M	24.24M
Short-term Borrowings	16.51M	19.92M	22.4M	21.67M	44.21M
Current Portion of Long-Term Debt	12.15M	12.81M	19.41M	11.5M	19.37M
Current Portion of Leases	8.54M	8.47M	9.82M	11M	11.12M
Current Income Taxes Payable	1.14M	1.25M	427K	-	-
Other Current Liabilities	2.41M	2.45M	7.6M	8.45M	8.37M
Total Current Liabilities	92.92M	103M	98.3M	133M	139M
Long-Term Debt	32.7M	32.2M	33.06M	35.44M	64.37M
Long-Term Leases	68.39M	65.62M	60.88M	55.07M	43.86M
Pension & Other Post Retirement Benefits	329K	15K	355K	498K	-
Deferred Tax Liability Non Current	3.51M	2.99M	3.04M	2.91M	2.57M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	198M	204M	196M	227M	250M
Common Stock, Total	34.23M	34.23M	34.23M	34.23M	34.23M
Additional Paid In Capital	69.88M	69.88M	78.4M	78.4M	78.4M
Retained Earnings	149M	191M	185M	190M	201M
Comprehensive Income and Other	-11.1M	-7.36M	-4.9M	-9.99M	-14.47M
Total Common Equity	242M	288M	292M	292M	300M
Minority Interest	4.29M	5.34M	13.66M	15.05M	13.63M
Total Equity	246M	293M	306M	307M	313M
Total Liabilities And Equity	444M	497M	502M	534M	563M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	34.23M	34.23M	34.23M	34.23M	34.23M
ECS Total Common Shares Outstanding	34.23M	34.23M	34.23M	34.23M	34.23M
Book Value / Share	7.06	8.4	8.54	8.54	8.75
Tangible Book Value	236M	282M	286M	287M	294M
Tangible Book Value Per Share	6.9	8.24	8.37	8.38	8.59
Total Debt	138M	139M	146M	135M	183M
Net Debt	116M	108M	127M	106M	157M
Minority Interest, Total (Incl. Fin. Div)	4.29M	5.34M	13.66M	15.05M	13.63M
Equity Method Investments, Total	15.34M	22.53M	25.65M	25.13M	21.74M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	50.79M	76.32M	-	74.94M	83.04M
Inventories - Finished Goods, Total	21.93M	28.9M	-	28.47M	26.79M
Land - (BS)	14.44M	15.94M	26.82M	24.72M	23.65M
Machinery, Total	295M	307M	334M	371M	409M
Full Time Employees	271	293	291	292	307
Accumulated Allowance for Doubtful Accounts (Supple)	1.71M	2.21M	2.26M	3.25M	3.18M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	40.39M	42.05M	38.44M	25.4M	17.04M
Depreciation & Amortization - CF	21.66M	22.66M	23.83M	26.51M	28.91M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	21.66M	22.66M	23.83M	26.51M	28.91M
(Gain) Loss From Sale Of Asset	-2.09M	225K	-34K	-1.15M	-238K
(Gain) Loss on Sale of Investments - (CF)	-1.6M	1.14M	-631K	-787K	-1.5M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	436K	-7.07M	-355K	-4.32M	-2.52M
Other Operating Activities, Total	-1.85M	-388K	6.4M	4.27M	-3.62M
Change In Accounts Receivable	-20.84M	2.13M	15.81M	-12.51M	-17.22M
Change In Inventories	-10.94M	-30.9M	-4.4M	6.47M	-7.66M
Change In Accounts Payable	7.74M	7.25M	-19.97M	20.73M	-8.74M
Change in Other Net Operating Assets	4.33M	-3.2M	-1.76M	-4.13M	861K
Cash from Operations	37.24M	33.9M	57.32M	60.48M	5.31M
Capital Expenditure	-13.52M	-17.44M	-38.04M	-45.44M	-49.87M
Sale of Property, Plant, and Equipment	5.24M	135K	358K	3.57M	5.38M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	137K	1.83M	1.25M	5.64M	7.81M
Cash from Investing	-8.14M	-15.48M	-36.44M	-36.23M	-36.68M
Short Term Debt Issued, Total	-	1.48M	949K	419K	23.08M
Long-Term Debt Issued, Total	18.03M	12.48M	30.7M	15.44M	56.73M
Total Debt Issued	18.03M	13.97M	31.65M	15.86M	79.8M
Short Term Debt Repaid, Total	-6.19M	-	-	-	-
Long-Term Debt Repaid, Total	-22.83M	-23.01M	-29.13M	-30.38M	-31.78M
Total Debt Repaid	-29.02M	-23.01M	-29.13M	-30.38M	-31.78M
Common Dividends Paid	-32M	-	-36M	-	-20M
Common & Preferred Stock Dividends Paid	-32M	-	-36M	-	-20M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-43M	-9.04M	-33.49M	-14.51M	28.03M
Foreign Exchange Rate Adjustments	-104K	391K	-177K	-505K	-377K
Net Change in Cash	-13.99M	9.77M	-12.78M	9.23M	-3.72M
Supplemental Items
Cash Interest Paid	3.63M	3.34M	3.96M	6.02M	6.52M
Cash Income Tax Paid (Refund)	4.45M	3.04M	4.15M	3.18M	4.71M
Levered Free Cash Flow	3.85M	-3.91M	5.7M	34.14M	-57.86M
Unlevered Free Cash Flow	6.11M	-1.38M	9.94M	38.2M	-53.39M
Change In Net Working Capital	32.22M	31.79M	4.83M	-34.96M	46.39M
Net Debt Issued / Repaid	-11M	-9.04M	2.51M	-14.51M	48.03M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.78	5.36	5.81	4.28	2.54
Return on Total Capital	7.91	6.17	6.56	4.96	2.98
Return On Equity %	16.04	15.47	13.17	9.32	5.29
Return on Common Equity	17.32	15.89	13.26	8.69	5.76
Margin Analysis
Gross Profit Margin %	29.96	26.88	26.95	27.17	25.3
SG&A Margin	16.53	16.71	16.1	17.71	19.26
EBITDA Margin %	16.1	12.71	13.76	12.4	9.26
EBITA Margin %	12.9	9.71	10.78	8.73	5.23
EBIT Margin %	12.9	9.71	10.78	8.73	5.23
Income From Continuing Operations Margin %	10.23	10.05	9.17	7.03	3.84
Net Income Margin %	10.79	10.14	8.93	6.25	3.99
Net Avail. For Common Margin %	10.79	10.14	8.93	6.25	3.99
Normalized Net Income Margin	7.26	7.24	6.09	4.01	2.55
Levered Free Cash Flow Margin	1.03	-0.94	1.32	8.4	-13.54
Unlevered Free Cash Flow Margin	1.63	-0.33	2.31	9.4	-12.5
Asset Turnover
Asset Turnover	0.84	0.88	0.86	0.78	0.78
Fixed Assets Turnover	2.14	2.45	2.37	2.02	1.98
Receivables Turnover (Average Receivables)	2.6	2.71	2.96	2.83	2.73
Inventory Turnover (Average Inventory)	3.87	3.41	2.91	2.76	2.99
Short Term Liquidity
Current Ratio	2.72	2.91	2.82	2.21	2.26
Quick Ratio	1.92	1.86	1.63	1.4	1.46
Operating Cash Flow to Current Liabilities	0.4	0.33	0.58	0.45	0.04
Days Sales Outstanding (Average Receivables)	140.37	134.69	123.24	129.31	133.81
Days Outstanding Inventory (Average Inventory)	94.41	107.05	125.47	132.53	121.95
Average Days Payable Outstanding	39.75	39.16	33.69	38.01	40.33
Cash Conversion Cycle (Average Days)	195.03	202.58	215.01	223.82	215.43
Long Term Solvency
Total Debt/Equity	56.26	47.46	47.59	43.8	58.41
Total Debt / Total Capital	36	32.18	32.24	30.46	36.87
LT Debt/Equity	41.13	33.4	30.71	29.43	34.56
Long-Term Debt / Total Capital	26.32	22.65	20.81	20.47	21.82
Total Liabilities / Total Assets	44.59	41.04	39.01	42.47	44.36
EBIT / Interest Expense	13.33	9.95	6.83	5.47	3.12
EBITDA / Interest Expense	19.31	15.54	10.34	9.55	7.17
(EBITDA - Capex) / Interest Expense	15.58	11.24	4.74	2.55	0.19
Total Debt / EBITDA	1.98	2.21	2.07	2.17	3.57
Net Debt / EBITDA	1.66	1.72	1.81	1.71	3.06
Total Debt / (EBITDA - Capex)	2.45	3.05	4.53	8.14	132.45
Net Debt / (EBITDA - Capex)	2.06	2.38	3.95	6.42	113.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.52	10.8	3.71	-5.57	5.16
Gross Profit, 1 Yr. Growth %	21.02	-0.6	4	-4.79	-2.09
EBITDA, 1 Yr. Growth %	21.96	-12.52	12.28	-14.91	-21.46
EBITA, 1 Yr. Growth %	27.51	-16.58	15.11	-23.52	-37.03
EBIT, 1 Yr. Growth %	30.85	-16.58	15.11	-23.52	-37.03
Earnings From Cont. Operations, 1 Yr. Growth %	33.52	8.84	-5.36	-27.55	-42.59
Net Income, 1 Yr. Growth %	35.79	4.1	-8.59	-33.92	-32.89
Normalized Net Income, 1 Yr. Growth %	28.45	10.54	-12.89	-37.71	-33.13
Diluted EPS Before Extra, 1 Yr. Growth %	35.78	3.39	-8.82	-33.92	-32.89
Accounts Receivable, 1 Yr. Growth %	14.1	-0.5	-9.75	8.29	9.89
Inventory, 1 Yr. Growth %	15.52	44.71	5.34	-6.7	6.2
Net Property, Plant and Equip., 1 Yr. Growth %	-5.74	-0.39	14.09	8.47	5.83
Total Assets, 1 Yr. Growth %	-0.56	11.97	0.95	6.56	5.32
Tangible Book Value, 1 Yr. Growth %	7.74	19.4	1.56	0.14	2.5
Common Equity, 1 Yr. Growth %	7.36	19.07	1.61	0.06	2.43
Cash From Operations, 1 Yr. Growth %	-20.92	-8.98	69.11	5.52	-91.22
Capital Expenditures, 1 Yr. Growth %	-53.76	29.04	118.11	19.46	9.74
Levered Free Cash Flow, 1 Yr. Growth %	-84.55	-201.62	-245.75	498.95	-269.47
Unlevered Free Cash Flow, 1 Yr. Growth %	-77.26	-122.57	-820.69	284.2	-239.77
Dividend Per Share, 1 Yr. Growth %	28.25	0	0	10.24	-69.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.37	12.16	7.2	-1.04	-0.35
Gross Profit, 2 Yr. CAGR %	11.39	9.68	1.67	-0.49	-3.45
EBITDA, 2 Yr. CAGR %	18.2	3.29	-0.89	-2.26	-18.25
EBITA, 2 Yr. CAGR %	25.33	5.2	-2.01	-6.17	-30.6
EBIT, 2 Yr. CAGR %	25.33	5.2	-2.01	-6.17	-30.6
Earnings From Cont. Operations, 2 Yr. CAGR %	30.51	20.55	1.49	-17.19	-35.5
Net Income, 2 Yr. CAGR %	30.89	18.89	-2.45	-22.28	-33.41
Normalized Net Income, 2 Yr. CAGR %	28.86	20.06	-1.87	-26.34	-35.46
Diluted EPS Before Extra, 2 Yr. CAGR %	30.89	18.49	-2.57	-22.28	-33.41
Accounts Receivable, 2 Yr. CAGR %	9.05	6.55	-5.24	-1.14	9.09
Inventory, 2 Yr. CAGR %	4.5	29.29	23.46	-0.86	-0.46
Net Property, Plant and Equip., 2 Yr. CAGR %	2.09	-3.11	6.6	11.25	7.15
Total Assets, 2 Yr. CAGR %	4.95	5.52	6.32	3.72	5.94
Tangible Book Value, 2 Yr. CAGR %	7.96	13.42	10.12	0.85	1.31
Common Equity, 2 Yr. CAGR %	7.32	13.06	10	0.84	1.24
Cash From Operations, 2 Yr. CAGR %	-6.65	-15.16	24.06	33.58	-68.23
Capital Expenditures, 2 Yr. CAGR %	4.58	-22.76	67.76	61.41	14.49
Levered Free Cash Flow, 2 Yr. CAGR %	-48.67	-60.52	21.7	195.46	218.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	-39.49	-77.43	27.53	426.2	131.73
Dividend Per Share, 2 Yr. CAGR %	17.63	13.25	-0.39	4.99	-42.49
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.83	7.83	9.27	2.76	0.98
Gross Profit, 3 Yr. CAGR %	11.52	7.24	7.75	-0.53	-1.03
EBITDA, 3 Yr. CAGR %	20.59	6.91	6.21	-5.8	-9.13
EBITA, 3 Yr. CAGR %	30.06	9.43	8.4	-9.78	-17.85
EBIT, 3 Yr. CAGR %	30.06	9.43	8.4	-9.78	-17.85
Earnings From Cont. Operations, 3 Yr. CAGR %	26.41	22.85	11.21	-9.29	-26.71
Net Income, 3 Yr. CAGR %	26.97	21.27	8.92	-14.33	-25.99
Normalized Net Income, 3 Yr. CAGR %	23.99	22.44	7.88	-15.67	-28.68
Diluted EPS Before Extra, 3 Yr. CAGR %	26.97	21	8.83	-14.33	-25.99
Accounts Receivable, 3 Yr. CAGR %	7.17	5.77	0.81	-0.93	2.41
Inventory, 3 Yr. CAGR %	0.33	16.48	20.76	12.46	1.44
Net Property, Plant and Equip., 3 Yr. CAGR %	26.19	1.26	2.32	7.22	9.41
Total Assets, 3 Yr. CAGR %	11.23	7.24	3.98	6.4	4.25
Tangible Book Value, 3 Yr. CAGR %	6.41	11.65	9.32	6.69	1.39
Common Equity, 3 Yr. CAGR %	5.88	11.1	9.11	6.58	1.36
Cash From Operations, 3 Yr. CAGR %	19.6	-7.43	6.77	17.54	-46.08
Capital Expenditures, 3 Yr. CAGR %	0.63	12.17	9.17	49.81	41.93
Levered Free Cash Flow, 3 Yr. CAGR %	-39.47	-35.55	-38.99	107.01	145.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	-30.66	-56.44	-28.39	84.19	238.25
Dividend Per Share, 3 Yr. CAGR %	18	11.43	8.65	3.3	-30.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.19	5.61	5.77	4.19	5.31
Gross Profit, 5 Yr. CAGR %	8.62	5.52	7.47	4.08	3.12
EBITDA, 5 Yr. CAGR %	12.24	4.96	11.49	3.15	-4.35
EBITA, 5 Yr. CAGR %	16.13	6.23	16.13	2.9	-9.31
EBIT, 5 Yr. CAGR %	16.13	6.23	16.13	2.9	-9.31
Earnings From Cont. Operations, 5 Yr. CAGR %	14.35	8.02	15.78	4.92	-10.57
Net Income, 5 Yr. CAGR %	15.57	7.74	14.27	1.5	-10.54
Normalized Net Income, 5 Yr. CAGR %	15.8	10.17	12.91	-0.08	-12.16
Diluted EPS Before Extra, 5 Yr. CAGR %	15.57	7.59	14.21	1.5	-10.54
Accounts Receivable, 5 Yr. CAGR %	8.54	4.32	2.02	2.95	4.05
Inventory, 5 Yr. CAGR %	2.66	9.18	9.01	9.2	11.78
Net Property, Plant and Equip., 5 Yr. CAGR %	17.35	15.6	17.95	5.14	4.22
Total Assets, 5 Yr. CAGR %	8.72	9.48	9.24	5.82	4.76
Tangible Book Value, 5 Yr. CAGR %	6.58	8.52	7.88	7.2	6.04
Common Equity, 5 Yr. CAGR %	6.13	8.1	7.51	6.88	5.89
Cash From Operations, 5 Yr. CAGR %	5.18	11.28	21.36	7.2	-35.36
Capital Expenditures, 5 Yr. CAGR %	0.87	0.66	23.46	29.75	11.27
Levered Free Cash Flow, 5 Yr. CAGR %	-25.55	-27.69	-19.96	18.51	18.18
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.1	-40.81	-11.52	18	14.54
Dividend Per Share, 5 Yr. CAGR %	8.25	1.42	10.44	8.98	-15.63