Income Statement Isras Investment Company Ltd OTC Markets

Stocks

IRICF

IL0006130343

Real Estate Development & Operations

Delayed OTC Markets 09:32:42 2026-04-29 EDT			5-day change	1st Jan Change
287.25 ^USD	+4.45%		-.--%	+13.99%

08-25	Isras Investment Company Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-17	Isras Investment Company Ltd Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ISRAS INVESTMENT COMPANY LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Rental Revenues	417M	466M	524M	548M	560M
Other Revenues, Total	252M	67.71M	59.64M	154M	21.02M
Total Revenues	669M	534M	583M	702M	581M
Property Expenses	211M	89.51M	123M	136M	96.19M
Selling General & Admin Expenses, Total	36.77M	39.54M	38.82M	42.53M	43.04M
Total Operating Expenses	247M	129M	162M	178M	139M
Operating Income (REIT / Utility Template)	421M	405M	421M	524M	442M
Interest Expense, Total	-129M	-226M	-155M	-181M	-168M
Interest and Investment Income	944K	7.54M	27.82M	26.14M	27.82M
Net Interest Expenses	-128M	-218M	-127M	-155M	-140M
Income (Loss) on Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	13.45M	10.22M	-7.24M	-5.62M	-2.86M
EBT, Excl. Unusual Items	307M	197M	286M	364M	299M
Gain (Loss) on Sale of Investments	918K	-	2.57M	16.86M	1.32M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	690M	514M	317M	224M	225M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	998M	711M	607M	604M	525M
Income Tax Expense	164M	105M	108M	42.31M	109M
Earnings From Continuing Operations	834M	606M	498M	562M	416M
Net Income to Company	834M	606M	498M	562M	416M
Minority Interest	-38.55M	-30.92M	-32.08M	-28.13M	-29.2M
Net Income - (IS)	796M	575M	466M	534M	387M
Net Income to Common Incl Extra Items	796M	575M	466M	534M	387M
Net Income to Common Excl. Extra Items	796M	575M	466M	534M	387M
Per Share Items
Net EPS - Basic	147.21	106.4	87.45	104.72	77.74
Basic EPS - Continuing Operations	147.21	106.4	87.45	104.72	77.74
Basic Weighted Average Shares Outstanding	5.4M	5.4M	5.33M	5.1M	4.97M
Net EPS - Diluted	147.21	106.4	87.44	104.72	77.74
Diluted EPS - Continuing Operations	147.21	106.4	87.44	104.72	77.74
Diluted Weighted Average Shares Outstanding	5.4M	5.4M	5.33M	5.1M	4.97M
Normalized Basic EPS	28.39	17.07	27.57	39.09	31.7
Normalized Diluted EPS	28.39	17.07	27.57	39.09	31.7
Dividend Per Share	40	45	45	45	45
Payout Ratio	26.49	42.29	34.07	42.87	57.88
Supplemental Items
EBITDA	422M	406M	422M	525M	443M
EBITA	421M	405M	421M	524M	442M
EBIT	421M	405M	421M	524M	442M
Total Revenues (As Reported)	669M	534M	583M	702M	581M
Effective Tax Rate - (Ratio)	16.44	14.75	17.85	7	20.83
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	28.36M	42.3M	29.5M	31.29M	32.77M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	130M	53.92M	67.28M	17.45M	77.3M
Normalized Net Income	153M	92.23M	147M	199M	158M
Interest on Long-Term Debt	108M	202M	136M	163M	153M
Supplemental Operating Expense Items
Selling and Marketing Expenses	2.44M	3.96M	2.08M	2.29M	1.78M
General and Administrative Expenses	34.33M	35.58M	36.74M	40.24M	41.25M
Maintenance & Repair Expenses, Total	59.57M	58.44M	73.23M	78.89M	84.66M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Assets
Gross Property Plant And Equipment	54.2M	25.61M	25.58M	40.35M	41.02M
Accumulated Depreciation	-43.92M	-22.55M	-22.26M	-22.85M	-19.22M
Net Property Plant And Equipment	10.29M	3.06M	3.33M	17.5M	21.8M
Total Real Estate Assets	10.29M	3.06M	3.33M	17.5M	21.8M
Cash And Equivalents	896M	706M	621M	671M	662M
Accounts Receivable, Total	24.53M	15.26M	20.31M	18.62M	31.97M
Other Receivables	151M	77.86M	29.88M	21.74M	17.91M
Investment In Debt and Equity Securities	6.4M	-	-	-	-
Notes Receivable (Collected)	-	-	-	-	-
Restricted Cash	2.7M	2.84M	129K	129K	132K
Other Current Assets, Total	182M	120M	87.42M	18.19M	915K
Trading Asset Securities, Total	-	4.06M	6.13M	39.97M	4.03M
Deferred Tax Assets Long-Term (Collected)	6.51M	7.81M	7.95M	4.6M	1.93M
Other Long-Term Assets, Total	7.62B	8.3B	8.78B	9.22B	9.82B
Total Assets	8.9B	9.24B	9.55B	10.01B	10.56B
Liabilities
Current Portion of Long-Term Debt	515M	429M	356M	415M	456M
Short-Term Borrowings	301K	647K	485K	194K	81K
Long-Term Debt	3.17B	3.16B	3.25B	3.5B	3.7B
Accounts Payable, Total	12M	10.54M	7.44M	15.61M	21.16M
Accrued Expenses, Total	64.86M	56.93M	54.63M	49.6M	99.52M
Current Income Taxes Payable	14.5M	8.51M	20.61M	13.44M	11.19M
Unearned Revenue, Current	8.22M	10.14M	8.37M	8.94M	8.17M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	30.73M	52.35M	52.18M	35.52M	23.76M
Unearned Revenue Non Current	1.41M	1.56M	1.57M	1.64M	1.67M
Pension & Other Post Retirement Benefits	-	135K	139K	-	-
Deferred Tax Liability Non-Current	873M	928M	995M	1.01B	1.09B
Other Non Current Liabilities	35.46M	43.27M	40.88M	37.8M	38.54M
Total Liabilities	4.72B	4.7B	4.79B	5.09B	5.45B
Common Stock, Total	175M	175M	175M	175M	175M
Additional Paid In Capital	421M	421M	421M	421M	450M
Retained Earnings	3.31B	3.64B	3.95B	4.25B	4.41B
Treasury Stock	-	-	-112M	-288M	-321M
Total Common Equity	3.91B	4.24B	4.43B	4.56B	4.72B
Minority Interest	272M	303M	336M	364M	390M
Total Equity	4.18B	4.54B	4.77B	4.92B	5.11B
Total Liabilities And Equity	8.9B	9.24B	9.55B	10.01B	10.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.4M	5.4M	5.24M	5M	4.95M
ECS Total Common Shares Outstanding	5.4M	5.4M	5.24M	5M	4.95M
Book Value / Share	722.65	784	845.6	912.89	952.56
Tangible Book Value	3.91B	4.24B	4.43B	4.56B	4.72B
Tangible Book Value Per Share	722.65	784	845.6	912.89	952.56
Total Debt	3.68B	3.59B	3.61B	3.92B	4.16B
Net Debt	2.79B	2.88B	2.98B	3.21B	3.49B
Minority Interest, Total (Incl. Fin. Div)	272M	303M	336M	364M	390M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	103M	102M	81.13M	6M	398K
Land - (BS)	15.03M	6.61M	6.7M	19.12M	19.42M
Machinery, Total	39.17M	19M	18.88M	21.23M	21.61M
Full Time Employees	80	65	85	86	85
Accumulated Allowance for Doubtful Accounts (Supple)	1.46M	1.04M	873K	890K	1.04M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Net Income	796M	575M	466M	534M	387M
Depreciation, Depletion & Amortization	883K	557K	584K	985K	1.4M
Total Depreciation, Depletion & Amortization	883K	557K	584K	985K	1.4M
(Gain) Loss On Sale of Asset - (CF)	-	-	-132K	-34K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-690M	-514M	-317M	-224M	-225M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Change in Accounts Receivable	64.73M	71.7M	47.3M	3.25M	-8.5M
Change In Inventories	128M	-12.7M	39.3M	45.1M	7.73M
Change in Accounts Payable	-7.94M	9.24M	4.66M	6.94M	-3.81M
Change in Unearned Revenues	2.15M	1.5M	-337K	572K	-778K
Change in Other Net Operating Assets (Collected)	-84.88M	17.07M	-5.07M	-11.38M	-13.58M
Other Operating Activities	165M	244M	177M	118M	196M
Cash from Operations	373M	393M	412M	474M	340M
Acquisition of Real Estate Assets, Total	-362M	-277M	-190M	-212M	-280M
Sale of Real Estate Assets, Total	9.68M	192M	20.94M	80K	-
Net Sale / Acquisition of Real Estate Assets	-352M	-85.61M	-169M	-212M	-280M
Investment in Marketable and Equity Securities, Total	-	-	-	-19.03M	31.34M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	30.53M	-20.19M	1.56M	105K	-
Cash from Investing	-322M	-106M	-168M	-230M	-249M
Short Term Debt Issued, Total	-	346K	-	-	-
Long-Term Debt Issued, Total	497M	281M	371M	595M	569M
Total Debt Issued	497M	281M	371M	595M	569M
Short Term Debt Repaid, Total	-90K	-	-162K	-291K	-113K
Long-Term Debt Repaid, Total	-426M	-514M	-428M	-384M	-413M
Total Debt Repaid	-427M	-514M	-429M	-384M	-413M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-112M	-176M	-33.05M
Common Dividends Paid	-211M	-243M	-159M	-229M	-224M
Common & Preferred Stock Dividends Paid	-211M	-243M	-159M	-229M	-224M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-140M	-476M	-329M	-194M	-101M
Net Change in Cash	-89.39M	-189M	-84.84M	49.85M	-9.65M
Supplemental Items
Cash Interest Paid	92.67M	91.77M	82.99M	82.97M	84.09M
Cash Income Tax Paid (Refund)	60.12M	45.92M	32.51M	29.2M	28.54M
Net Debt Issued / Repaid	70.33M	-233M	-57.85M	211M	156M
Levered Free Cash Flow	169M	265M	250M	274M	221M
Unlevered Free Cash Flow	250M	406M	347M	387M	326M
Change In Net Working Capital	14.4M	-152M	-83.08M	-58.94M	-48.43M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Profitability
Return on Assets	3.08	2.79	2.8	3.35	2.68
Return on Total Capital	3.52	3.17	3.19	3.81	3.05
Return On Equity %	21.58	13.9	10.71	11.6	8.29
Return on Common Equity	22.02	14.12	10.76	11.87	8.33
Margin Analysis
Gross Profit Margin %	68.51	83.24	78.88	80.69	83.44
SG&A Margin	5.5	7.4	6.66	6.06	7.41
EBITDA Margin %	63.15	75.94	72.33	74.77	76.28
EBITA Margin %	63.01	75.84	72.23	74.63	76.04
EBIT Margin %	63.01	75.84	72.23	74.63	76.04
Income From Continuing Operations Margin %	124.7	113.44	85.44	80.03	71.56
Net Income Margin %	118.93	107.65	79.94	76.02	66.54
Net Avail. For Common Margin %	118.93	107.65	79.94	76.02	66.54
Normalized Net Income Margin	22.94	17.27	25.2	28.38	27.13
Levered Free Cash Flow Margin	25.34	49.57	42.84	39.09	38.05
Unlevered Free Cash Flow Margin	37.36	75.99	59.49	55.18	56.1
Asset Turnover
Asset Turnover	0.08	0.06	0.06	0.07	0.06
Fixed Assets Turnover	71.4	80.03	182.64	67.44	29.57
Receivables Turnover (Average Receivables)	21.55	23.44	29.44	28.14	22.14
Inventory Turnover (Average Inventory)	1.4	0.87	1.34	3.11	30.05
Short Term Liquidity
Current Ratio	1.94	1.63	1.53	1.43	1.16
Quick Ratio	1.66	1.41	1.36	1.4	1.15
Operating Cash Flow to Current Liabilities	0.58	0.69	0.82	0.88	0.55
Days Sales Outstanding (Average Receivables)	16.94	15.57	12.4	13.01	16.49
Days Outstanding Inventory (Average Inventory)	260.64	417.36	271.58	117.6	12.14
Average Days Payable Outstanding	28.09	46.17	32.13	79.4	74.08
Cash Conversion Cycle (Average Days)	249.49	386.76	251.85	51.2	-45.45
Long Term Solvency
Total Debt/Equity	88.12	79.07	75.63	79.55	81.37
Total Debt / Total Capital	46.84	44.16	43.06	44.31	44.86
LT Debt/Equity	75.78	69.61	68.14	71.12	72.44
Long-Term Debt / Total Capital	40.28	38.87	38.8	39.61	39.94
Total Liabilities / Total Assets	53.05	50.87	50.1	50.82	51.63
EBIT / Interest Expense	3.27	1.79	2.71	2.9	2.63
EBITDA / Interest Expense	3.28	1.8	2.72	2.9	2.64
(EBITDA - Capex) / Interest Expense	3.28	1.8	2.72	2.9	2.64
Total Debt / EBITDA	8.72	8.85	8.55	7.46	9.38
Net Debt / EBITDA	6.6	7.1	7.06	6.11	7.88
Total Debt / (EBITDA - Capex)	8.72	8.85	8.55	7.46	9.38
Net Debt / (EBITDA - Capex)	6.6	7.1	7.06	6.11	7.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.54	-20.15	9.18	20.41	-17.26
Gross Profit, 1 Yr. Growth %	9.12	-2.98	3.46	23.17	-14.44
EBITDA, 1 Yr. Growth %	9.74	-3.96	3.98	24.49	-15.6
EBITA, 1 Yr. Growth %	9.75	-3.89	3.98	24.43	-15.7
EBIT, 1 Yr. Growth %	9.75	-3.89	3.98	24.43	-15.7
Earnings From Cont. Operations, 1 Yr. Growth %	172.85	-27.36	-17.77	12.79	-26.01
Net Income, 1 Yr. Growth %	171.41	-27.72	-18.92	14.51	-27.58
Diluted EPS Before Extra, 1 Yr. Growth %	168.25	-27.72	-17.82	19.75	-25.76
Normalized Net Income, 1 Yr. Growth %	-14.97	-39.89	59.36	35.58	-20.88
Net Property, Plant and Equip., 1 Yr. Growth %	21.78	-70.26	8.69	426.1	24.59
Inventory, 1 Yr. Growth %	-48.27	-0.41	-20.57	-92.6	-93.37
Accounts Receivable, 1 Yr. Growth %	73.28	-37.78	33.08	-8.32	71.68
Total Assets, 1 Yr. Growth %	8.4	3.85	3.38	4.81	5.5
Common Equity, 1 Yr. Growth %	17.64	8.49	4.6	2.91	3.48
Tangible Book Value, 1 Yr. Growth %	17.64	8.49	4.6	2.91	3.48
Cash From Operations, 1 Yr. Growth %	18.77	5.42	4.88	15.05	-28.21
Levered Free Cash Flow, 1 Yr. Growth %	2.62	56.24	-5.63	9.86	-19.45
Unlevered Free Cash Flow, 1 Yr. Growth %	16.24	62.42	-14.53	11.69	-15.88
Dividend Per Share, 1 Yr. Growth %	33.33	12.5	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.71	-5.2	-6.63	14.66	-0.19
Gross Profit, 2 Yr. CAGR %	15.56	2.9	0.19	12.89	2.66
EBITDA, 2 Yr. CAGR %	17.37	2.66	-0.07	13.77	2.51
EBITA, 2 Yr. CAGR %	17.43	2.7	-0.03	13.74	2.41
EBIT, 2 Yr. CAGR %	17.43	2.7	-0.03	13.74	2.41
Earnings From Cont. Operations, 2 Yr. CAGR %	21.79	40.79	-22.71	-3.7	-8.65
Net Income, 2 Yr. CAGR %	23.23	40.06	-23.45	-3.64	-8.93
Diluted EPS Before Extra, 2 Yr. CAGR %	23.23	39.24	-22.93	-0.8	-5.71
Normalized Net Income, 2 Yr. CAGR %	26.92	-28.5	-2.13	46.99	3.57
Net Property, Plant and Equip., 2 Yr. CAGR %	5.56	-39.82	-43.14	139.13	156.02
Inventory, 2 Yr. CAGR %	-24.91	-28.22	-11.06	-75.76	-93
Accounts Receivable, 2 Yr. CAGR %	19.07	3.83	-9.01	10.46	25.46
Total Assets, 2 Yr. CAGR %	9.86	6.1	3.61	4.09	5.15
Common Equity, 2 Yr. CAGR %	11.68	12.97	6.53	3.75	3.19
Tangible Book Value, 2 Yr. CAGR %	11.68	12.97	6.53	3.75	3.19
Cash From Operations, 2 Yr. CAGR %	33.31	11.9	5.15	9.85	-9.12
Levered Free Cash Flow, 2 Yr. CAGR %	-2.94	26.63	21.42	1.82	-5.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.72	37.4	17.82	-2.3	-3.07
Dividend Per Share, 2 Yr. CAGR %	34.84	22.47	6.07	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.69	5.76	-0.63	1.63	2.84
Gross Profit, 3 Yr. CAGR %	9.04	9.02	3.08	7.33	2.93
EBITDA, 3 Yr. CAGR %	9.87	9.78	3.1	7.52	3
EBITA, 3 Yr. CAGR %	9.91	9.84	3.13	7.53	2.93
EBIT, 3 Yr. CAGR %	9.91	9.84	3.13	7.53	2.93
Earnings From Cont. Operations, 3 Yr. CAGR %	26.85	2.52	17.68	-12.33	-11.79
Net Income, 3 Yr. CAGR %	28.17	3.15	16.73	-12.45	-12.39
Diluted EPS Before Extra, 3 Yr. CAGR %	28.17	3.15	16.8	-10.73	-9.93
Normalized Net Income, 3 Yr. CAGR %	16.44	-1.07	-6.61	9.1	19.57
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.62	-30.8	-26.71	19.36	92.42
Inventory, 3 Yr. CAGR %	-27.25	-17.5	-25.76	-61.17	-84.26
Accounts Receivable, 3 Yr. CAGR %	-30.61	-4.1	12.78	-8.78	27.95
Total Assets, 3 Yr. CAGR %	11.36	7.82	5.19	4.01	4.56
Common Equity, 3 Yr. CAGR %	12.79	10.6	10.11	5.31	3.66
Tangible Book Value, 3 Yr. CAGR %	12.79	10.6	10.11	5.31	3.66
Cash From Operations, 3 Yr. CAGR %	10.03	23.28	9.51	8.35	-4.67
Levered Free Cash Flow, 3 Yr. CAGR %	-19.98	13.76	14.8	17.44	-5.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.76	18.89	17.29	15.74	-7.05
Dividend Per Share, 3 Yr. CAGR %	30.5	26.94	14.47	4	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.39	1.76	-3.7	9.23	-0.45
Gross Profit, 5 Yr. CAGR %	7.35	5.61	5.41	10.55	2.91
EBITDA, 5 Yr. CAGR %	8.41	6.24	5.78	11.36	2.86
EBITA, 5 Yr. CAGR %	8.45	6.28	5.82	11.39	2.84
EBIT, 5 Yr. CAGR %	8.45	6.28	5.82	11.39	2.84
Earnings From Cont. Operations, 5 Yr. CAGR %	19.5	12.89	4.05	-0.01	6.35
Net Income, 5 Yr. CAGR %	20.49	13.28	4.29	0.38	5.69
Diluted EPS Before Extra, 5 Yr. CAGR %	18.72	12.27	4.57	1.55	7.21
Normalized Net Income, 5 Yr. CAGR %	11.52	-2.23	8.63	15.91	-2.66
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.84	-23.75	-21.96	13.64	20.87
Inventory, 5 Yr. CAGR %	-29.92	-28.68	-21.16	-49.45	-71.13
Accounts Receivable, 5 Yr. CAGR %	12.52	7.62	-22.66	1.48	17.69
Total Assets, 5 Yr. CAGR %	9.47	9.54	8.19	6.31	5.17
Common Equity, 5 Yr. CAGR %	14.31	11.95	10.24	7.81	7.29
Tangible Book Value, 5 Yr. CAGR %	14.31	11.95	10.24	7.81	7.29
Cash From Operations, 5 Yr. CAGR %	15.65	17.74	8.05	17.72	1.64
Levered Free Cash Flow, 5 Yr. CAGR %	-3.52	33.95	-5.46	8.82	6.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.49	24.59	-2.98	9.92	8.68
Dividend Per Share, 5 Yr. CAGR %	25.21	28.19	20.11	15.39	8.45