Income Statement Solaer Renewable Energies Ltd

Stocks

SOLR

IL0011722878

Renewable Energy Equipment & Services

Market Closed - TEL AVIV STOCK EXCHANGE 10:24:28 2026-08-13 EDT			5-day change	1st Jan Change
9,122.00 ^ILa	-1.82%		-11.35%	+56.17%

06-01	Solaer Renewable Energies Ltd Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-31	Solaer Renewable Energies Ltd Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: SOLAER RENEWABLE ENERGIES LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues - (Utility Template)	13.74M	38.69M	47.67M	106M	129M
Total Revenues	13.74M	38.69M	47.67M	106M	129M
Selling General & Admin Expenses, Total	17.73M	20.04M	12.69M	19.72M	17.38M
Depreciation & Amortization - (IS) - (Collected)	-	16.04M	21.73M	22.1M	5.92M
R&D Expenses	5.56M	3.77M	1.78M	380K	2.12M
Other Operating Expenses	11.85M	13.61M	20.73M	85.5M	95.58M
Total Operating Expenses	35.14M	53.46M	56.93M	128M	121M
Operating Income (REIT / Utility Template)	-21.4M	-14.77M	-9.26M	-21.97M	7.99M
Interest Expense, Total	-16.9M	-47.58M	-49.62M	-46.54M	-116M
Interest and Investment Income	506K	1.64M	3.38M	29.51M	37.87M
Net Interest Expenses	-16.4M	-45.94M	-46.23M	-17.04M	-78.47M
Income (Loss) on Equity Invest.	-	71K	102K	-455K	-783K
Currency Exchange Gains (Loss)	-4.81M	15.28M	19.38M	-34.47M	-20.25M
Other Non Operating Income (Expenses)	6.2M	7.51M	4.79M	6.05M	91.37M
EBT, Excl. Unusual Items	-36.41M	-37.85M	-31.22M	-67.88M	-134K
Asset Writedown	-	-4.3M	-2.3M	-5.01M	-3.42M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-36.41M	-42.14M	-33.52M	-72.9M	-3.56M
Income Tax Expense	-4.76M	916K	-4.28M	-13.39M	3.86M
Earnings From Continuing Operations	-31.65M	-43.06M	-29.24M	-59.5M	-7.42M
Net Income to Company	-31.65M	-43.06M	-29.24M	-59.5M	-7.42M
Minority Interest	5.95M	14.25M	21.79M	7.07M	12.74M
Net Income - (IS)	-25.7M	-28.81M	-7.45M	-52.43M	5.32M
Net Income to Common Incl Extra Items	-25.7M	-28.81M	-7.45M	-52.43M	5.32M
Net Income to Common Excl. Extra Items	-25.7M	-28.81M	-7.45M	-52.43M	5.32M
Per Share Items
Net EPS - Basic	-1.97	-2.08	-0.54	-3.19	0.31
Basic EPS - Continuing Operations	-1.97	-2.08	-0.54	-3.19	0.31
Basic Weighted Average Shares Outstanding	13.02M	13.88M	13.85M	16.41M	16.94M
Net EPS - Diluted	-1.97	-2.08	-0.54	-3.19	0.29
Diluted EPS - Continuing Operations	-1.97	-2.08	-0.54	-3.19	0.29
Diluted Weighted Average Shares Outstanding	13.02M	13.88M	13.85M	16.41M	18.11M
Normalized Basic EPS	-1.29	-0.68	0.16	-2.15	0.75
Normalized Diluted EPS	-1.29	-0.68	0.16	-2.15	0.7
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-19.62M	-3.07M	5.4M	-13.76M	8.38M
EBITA	-21.4M	-14.77M	-9.26M	-21.97M	7.99M
EBIT	-21.4M	-14.77M	-9.26M	-21.97M	7.99M
Total Revenues (As Reported)	-	-	47.67M	-	129M
Effective Tax Rate - (Ratio)	13.06	-2.17	12.77	18.37	-108.6
Total Current Taxes	-	79K	105K	338K	15K
Total Deferred Taxes	-4.78M	837K	-4.38M	-13.73M	3.85M
Normalized Net Income	-16.8M	-9.41M	2.27M	-35.35M	12.66M
Interest on Long-Term Debt	1.7M	22.5M	25.89M	27.08M	42.53M
Supplemental Operating Expense Items
Advertising Expense	243K	217K	54K	75K	77K
Selling and Marketing Expenses	243K	217K	54K	75K	77K
General and Administrative Expenses	17.48M	19.82M	12.64M	19.64M	17.31M
Research And Development Expense From Footnotes	5.56M	3.77M	1.78M	380K	2.12M
Stock-Based Comp., Other (Total)	-	3.43M	1.39M	365K	60K
Total Stock-Based Compensation	-	3.43M	1.39M	365K	60K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	48.53M	69.62M	153M	61.92M	73.54M
Accounts Receivable, Total	4.93M	12.28M	8.17M	23.41M	10.19M
Other Receivables	27.74M	20.63M	13.87M	28.38M	21.02M
Accounts Receivable (Summary Subtotal)	32.67M	32.91M	22.04M	51.79M	31.21M
Prepaid Expenses	1.18M	3.33M	3.07M	1.97M	5.81M
Notes Receivable (Collected)	-	-	-	7.65M	-
Other Current Assets, Total	15.47M	31.56M	93.17M	263M	445M
Total Current Assets	97.86M	137M	271M	386M	556M
Gross Property Plant And Equipment	611M	843M	960M	1.05B	1.01B
Accumulated Depreciation	-8.59M	-25.53M	-47.95M	-48.72M	-15.08M
Net Property Plant And Equipment	603M	818M	912M	1.01B	997M
Goodwill	1.07M	1.14M	1.22M	1.16M	1.14M
Long-Term Investments - (Utility Template)	1.13M	323K	5.89M	20.93M	29.16M
Accounts Receivable Long-Term	12.71M	12.64M	12.49M	8.82M	-
Loans Receivable Long-Term - (Utility Template)	5.84M	9.63M	13.17M	20.31M	40.71M
Deferred Tax Assets Long-Term (Collected)	7.86M	2.45M	6.68M	18.11M	6.02M
Other Long-Term Assets, Total	51.94M	52.95M	51.65M	63.64M	69.71M
Total Assets	781M	1.03B	1.27B	1.52B	1.7B
Liabilities
Accounts Payable, Total	11.09M	4.75M	9.22M	48.09M	59.14M
Accrued Expenses, Total	8.74M	8.98M	7.65M	36.04M	17.3M
Short-Term Borrowings	591K	1.58M	780K	207M	50.88M
Current Portion of Long-Term Debt	123M	52.2M	63.52M	18.58M	20.97M
Current Portion of Leases	7.08M	9.02M	10.07M	9.84M	7M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	9.62M	3.62M	5.49M	158M	225M
Total Current Liabilities	160M	80.15M	96.72M	478M	380M
Long-Term Debt	288M	599M	727M	635M	769M
Long-Term Leases	90.57M	125M	133M	123M	86.53M
Deferred Tax Liability Non-Current	40.68M	44.12M	53.19M	46.32M	35.62M
Other Non Current Liabilities, Total	1.74M	882K	880K	210K	25.26M
Total Liabilities	581M	850M	1.01B	1.28B	1.3B
Additional Paid In Capital	166M	169M	238M	239M	399M
Retained Earnings	-37.42M	-64.94M	-71.04M	-80.5M	-49.53M
Comprehensive Income and Other	36.49M	54.98M	83.18M	63.72M	44.8M
Total Common Equity	165M	159M	250M	222M	394M
Minority Interest	34.82M	25.82M	11.89M	20.28M	8.88M
Total Equity	200M	185M	262M	242M	403M
Total Liabilities And Equity	781M	1.03B	1.27B	1.52B	1.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.95M	13.81M	16.41M	16.41M	20.09M
ECS Total Common Shares Outstanding	13.95M	13.81M	16.41M	16.41M	20.09M
Book Value / Share	11.82	11.51	15.26	13.53	19.62
Tangible Book Value	164M	158M	249M	221M	393M
Tangible Book Value Per Share	11.74	11.43	15.19	13.46	19.57
Total Debt	509M	787M	935M	993M	935M
Net Debt	461M	718M	782M	931M	861M
Minority Interest, Total (Incl. Fin. Div)	34.82M	25.82M	11.89M	20.28M	8.88M
Equity Method Investments, Total	1.13M	323K	5.89M	20.93M	29.16M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	132M	377M	437M	197M	37.48M
Full Time Employees	23	25	22	22	23
Accumulated Allowance for Doubtful Accounts (Supple)	36K	280K	631K	754K	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-25.7M	-28.81M	-7.45M	-52.43M	5.32M
Depreciation, Depletion & Amortization	5.51M	17.5M	21.73M	15.23M	5.92M
Total Depreciation, Depletion & Amortization	5.51M	17.5M	21.73M	15.23M	5.92M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	6.87M	-19.96M
Total Asset Writedown	429K	4.3M	2.3M	5.01M	3.42M
(Income) Loss On Equity Investments - (CF)	-	-71K	-102K	455K	783K
Stock-Based Compensation (CF)	-	3.43M	1.39M	365K	60K
Provision and Write-off of Bad Debts	30K	-	-	-	-
Change in Accounts Receivable	-2.32M	-	4.18M	-17.61M	6.02M
Change in Accounts Payable	-3.79M	3.58M	2.17M	20.57M	-526K
Change in Other Net Operating Assets (Collected)	1.78M	-7.34M	380K	25.36M	-20.57M
Other Operating Activities	956K	-3.96M	-27.94M	4.2M	-61.03M
Cash from Operations	-23.1M	-11.38M	-3.35M	8.01M	-80.56M
Capital Expenditure	-274M	-159M	-75.09M	-126M	-163M
Sale of Property, Plant, and Equipment	-	1.56M	-	20.46M	5M
Cash Acquisitions	-7.9M	-	-	-3.36M	-6.55M
Divestitures	-	-	-	-	23.93M
Investment in Marketable and Equity Securities, Total	-1.87M	1.81M	-5.14M	-16.9M	7.04M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-3.1M	-2.74M	-68.1M	-
Other Investing Activities, Total	-4.35M	-4.4M	4.91M	-64.17M	-225M
Cash from Investing	-288M	-163M	-78.07M	-258M	-358M
Short Term Debt Issued, Total	-	899K	-	68.1M	113M
Long-Term Debt Issued, Total	172M	320M	188M	186M	233M
Total Debt Issued	172M	321M	188M	254M	346M
Short Term Debt Repaid, Total	-	-	-899K	-18.24M	-
Long-Term Debt Repaid, Total	-2.79M	-123M	-100M	-72.91M	-51.08M
Total Debt Repaid	-2.79M	-123M	-101M	-91.15M	-51.08M
Issuance of Common Stock	169M	-	78.65M	-	169M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-699K	-1.93M	-2.29M	-1.15M	-204K
Cash from Financing	337M	196M	164M	162M	463M
Foreign Exchange Rate Adjustments	-1.24M	-762K	712K	978K	-2.65M
Miscellaneous Cash Flow Adjustments	-	-	-	-3.69M	-9.85M
Net Change in Cash	25.24M	21.09M	82.96M	-90.66M	11.62M
Supplemental Items
Cash Interest Paid	3.34M	13.73M	26.55M	23.67M	65.78M
Cash Income Tax Paid (Refund)	-	51K	60K	1.12M	-
Net Debt Issued / Repaid	169M	198M	87.3M	163M	295M
Levered Free Cash Flow	-317M	-207M	-134M	-131M	-325M
Unlevered Free Cash Flow	-306M	-178M	-103M	-102M	-252M
Change In Net Working Capital	24.63M	30.57M	45.47M	-22.36M	100M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.15	-1.02	-0.5	-0.95	0.31
Return on Total Capital	-2.47	-1.1	-0.53	-1.1	0.39
Return On Equity %	-24.63	-22.4	-13.08	-20.99	-2.3
Return on Common Equity	-29.07	-17.79	-3.64	-20.5	1.73
Margin Analysis
Gross Profit Margin %	2.38	64.83	77.76	30.38	37.1
SG&A Margin	129.02	51.78	47.86	29.9	24.67
EBITDA Margin %	-142.76	-7.92	11.34	-13.01	6.49
EBITA Margin %	-155.72	-38.16	-19.43	-20.78	6.2
EBIT Margin %	-155.72	-38.16	-19.43	-20.78	6.2
Income From Continuing Operations Margin %	-230.35	-111.28	-61.33	-56.29	-5.75
Net Income Margin %	-187.02	-74.46	-15.63	-49.59	4.12
Net Avail. For Common Margin %	-187.02	-74.46	-15.63	-49.59	4.12
Normalized Net Income Margin	-122.27	-24.31	4.77	-33.44	9.81
Levered Free Cash Flow Margin	-2.31K	-535.75	-281.59	-123.73	-251.89
Unlevered Free Cash Flow Margin	-2.23K	-458.89	-216.54	-96.22	-195.52
Asset Turnover
Asset Turnover	0.02	0.04	0.04	0.07	0.08
Fixed Assets Turnover	0.03	0.05	0.06	0.11	0.13
Receivables Turnover (Average Receivables)	3.63	4.5	4.66	6.69	7.68
Short Term Liquidity
Current Ratio	0.61	1.71	2.8	0.81	1.46
Quick Ratio	0.51	1.28	1.81	0.24	0.28
Operating Cash Flow to Current Liabilities	-0.14	-0.14	-0.03	0.02	-0.21
Days Sales Outstanding (Average Receivables)	100.59	81.2	78.31	54.67	47.54
Average Days Payable Outstanding	605.35	212.44	240.45	142.48	241.18
Long Term Solvency
Total Debt/Equity	255.12	425.97	356.36	409.99	231.8
Total Debt / Total Capital	71.84	80.99	78.09	80.39	69.86
LT Debt/Equity	189.5	391.99	328.01	312.89	212.24
Long-Term Debt / Total Capital	53.36	74.53	71.88	61.35	63.97
Total Liabilities / Total Assets	74.43	82.13	79.4	84.11	76.28
EBIT / Interest Expense	-1.27	-0.31	-0.19	-0.47	0.07
EBITDA / Interest Expense	-0.94	0.06	0.25	-0.14	0.12
(EBITDA - Capex) / Interest Expense	-17.14	-3.28	-1.26	-2.85	-1.28
Total Debt / EBITDA	-32.07	287.4	74.97	-147.33	67.15
Net Debt / EBITDA	-29.01	261.98	62.74	-138.15	61.87
Total Debt / (EBITDA - Capex)	-1.76	-5.05	-14.93	-7.49	-6.27
Net Debt / (EBITDA - Capex)	-1.59	-4.6	-12.49	-7.02	-5.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	33.15	181.6	23.2	121.77	22.02
Gross Profit, 1 Yr. Growth %	-23.24	439.32	35.56	-13.36	49.02
EBITDA, 1 Yr. Growth %	103.82	-84	-276.29	-354.56	-160.89
EBITA, 1 Yr. Growth %	98.53	-29.48	-37.29	137.26	-136.39
EBIT, 1 Yr. Growth %	98.53	-29.48	-37.29	137.26	-136.39
Earnings From Cont. Operations, 1 Yr. Growth %	-232.49	36.03	-32.09	22.61K	-87.53
Net Income, 1 Yr. Growth %	-243.62	12.11	-74.13	-614.99	-110.14
Diluted EPS Before Extra, 1 Yr. Growth %	-210.3	5.14	-74.07	-534.6	-109.08
Normalized Net Income, 1 Yr. Growth %	-25.79	-43.1	-124.16	-340.04	-135.8
Net Property, Plant and Equip., 1 Yr. Growth %	62.21	35.71	11.49	3.25	-0.81
Accounts Receivable, 1 Yr. Growth %	86.68	149.07	-33.49	186.57	-56.48
Total Assets, 1 Yr. Growth %	68.91	33.7	23.14	12.47	11.49
Tangible Book Value, 1 Yr. Growth %	1.43K	-3.63	57.91	-23.38	78.04
Cash From Operations, 1 Yr. Growth %	-36.04	-50.76	-70.59	-339.27	-1.11K
Capital Expenditures, 1 Yr. Growth %	215.94	-42.04	-52.69	67.74	29.44
Levered Free Cash Flow, 1 Yr. Growth %	241.18	-34.42	-35.25	-8.68	102.15
Unlevered Free Cash Flow, 1 Yr. Growth %	263.58	-41.97	-41.87	-8.61	149.91
Common Equity, 1 Yr. Growth %	1.28K	-3.57	57.54	-23.3	77.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.11	93.63	74.07	65.29	64.5
Gross Profit, 2 Yr. CAGR %	-74.46	227.48	114.77	8.37	13.63
EBITDA, 2 Yr. CAGR %	320.57	-37.24	-40.81	124.13	17.95
EBITA, 2 Yr. CAGR %	180.07	18.03	-33.5	21.98	-7.09
EBIT, 2 Yr. CAGR %	180.07	18.03	-33.5	21.98	-7.09
Earnings From Cont. Operations, 2 Yr. CAGR %	107.78	34.25	-3.89	86.55	432.24
Net Income, 2 Yr. CAGR %	87.35	26.89	-46.15	116.87	-27.73
Diluted EPS Before Extra, 2 Yr. CAGR %	64.18	7.69	-47.79	99.46	-37.19
Normalized Net Income, 2 Yr. CAGR %	87.04	-35.54	-62.92	215.52	-7.3
Net Property, Plant and Equip., 2 Yr. CAGR %	258.9	48.37	23.01	10.89	1.2
Accounts Receivable, 2 Yr. CAGR %	133.06	115.63	28.71	38.06	11.67
Total Assets, 2 Yr. CAGR %	212.32	49.57	28.31	21.41	11.98
Common Equity, 2 Yr. CAGR %	490.24	264.88	23.26	18.17	16.72
Tangible Book Value, 2 Yr. CAGR %	488.32	283.62	23.36	18.29	16.8
Cash From Operations, 2 Yr. CAGR %	18.64	-43.88	-61.94	-16.11	390.67
Capital Expenditures, 2 Yr. CAGR %	356.2	35.33	-47.63	-10.92	47.35
Levered Free Cash Flow, 2 Yr. CAGR %	317.71	49.5	-34.83	-20.63	41.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	334.95	45.28	-41.92	-24.31	50.53
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	23.39	40.17	66.54	88.7	49.39
Gross Profit, 3 Yr. CAGR %	-35.35	71.02	151.18	58.69	20.51
EBITDA, 3 Yr. CAGR %	35.59	40.35	-11.44	-3.74	45.16
EBITA, 3 Yr. CAGR %	36.18	75.58	-4.41	1.62	-18.5
EBIT, 3 Yr. CAGR %	36.18	75.58	-4.41	1.62	-18.5
Earnings From Cont. Operations, 3 Yr. CAGR %	51.96	80.42	6.97	23.42	-24.28
Net Income, 3 Yr. CAGR %	41.77	57.87	-25.32	26.83	-21.86
Diluted EPS Before Extra, 3 Yr. CAGR %	-	41.52	-33.01	17.41	-28.79
Normalized Net Income, 3 Yr. CAGR %	42.86	25.12	-53.52	28.83	52.75
Net Property, Plant and Equip., 3 Yr. CAGR %	200.98	159.53	34.89	18.61	6.84
Accounts Receivable, 3 Yr. CAGR %	155.7	138.28	45.69	68.07	-6.04
Total Assets, 3 Yr. CAGR %	168.68	134.64	40.18	25.38	18.01
Common Equity, 3 Yr. CAGR %	152.83	222.67	175.78	10.43	35.37
Tangible Book Value, 3 Yr. CAGR %	152.28	221.9	185.37	10.48	35.56
Cash From Operations, 3 Yr. CAGR %	18.65	-11.51	-54.75	-29.76	92.03
Capital Expenditures, 3 Yr. CAGR %	253.88	129.34	-4.67	-22.81	0.9
Levered Free Cash Flow, 3 Yr. CAGR %	-	125.17	13.11	-25.48	16.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	122.18	7.06	-30.73	12.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	65.7	45.48	49.72	65.72
Gross Profit, 5 Yr. CAGR %	-	186.48	98.26	44.97	82.89
EBITDA, 5 Yr. CAGR %	-	-6.86	-7.24	65.47	1.48
EBITA, 5 Yr. CAGR %	-	25.16	1.79	51.77	-5.49
EBIT, 5 Yr. CAGR %	-	25.16	1.79	51.77	-5.49
Earnings From Cont. Operations, 5 Yr. CAGR %	-	45.46	26.52	52.01	-20.85
Net Income, 5 Yr. CAGR %	-	34.23	-3.75	48.25	-21.55
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	34.26	-30.51
Normalized Net Income, 5 Yr. CAGR %	-	22.46	-16.98	49.07	-10.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	110.42	84.7	21.84
Accounts Receivable, 5 Yr. CAGR %	-	-	94.3	91.55	30.99
Total Assets, 5 Yr. CAGR %	-	-	99.54	80.28	29.74
Common Equity, 5 Yr. CAGR %	-	-	89.68	115.91	101.26
Tangible Book Value, 5 Yr. CAGR %	-	-	89.49	115.68	105.51
Cash From Operations, 5 Yr. CAGR %	-	9.14	-24.71	-13.38	17.4
Capital Expenditures, 5 Yr. CAGR %	-	110.04	64.79	57.11	13.47
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	48.43	28.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	44.42	24.56