← FORMULA SYSTEMS (1985) LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1b | $1.4b | $1.5b | $1.7b | $1.9b | $2.4b | $2.6b | $2.6b | $2.8b | $2.6b | |
| Total Revenue | $1.1b | $1.4b | $1.5b | $1.7b | $1.9b | $2.4b | $2.6b | $2.6b | $2.8b | $2.6b | |
| Cost of Revenue | $849.8m | $1.1b | $1.2b | $1.3b | $1.5b | $1.8b | $1.9b | $2.0b | $2.1b | $2.1b | |
| Total cost of revenues | $849.8m | $1.1b | $1.2b | $1.3b | $1.5b | $1.8b | $1.9b | $2.0b | $2.1b | $2.1b | |
| Gross Profit | $258.8m | $296.8m | $333.3m | $386.0m | $447.4m | $563.9m | $622.5m | $643.7m | $684.7m | $519.2m | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $88.5m | $72.8m | $109.6m | $138.5m | $170.6m | $208.0m | $276.6m | $239.4m | $270.5m | $196.4m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | — | — | |
| Applicable Tax Rate | — | $0 | $0 | $0 | $0 | — | — | — | $0 | — | |
| Average Effective Tax Rate | — | — | — | — | — | $0 | $0 | $0 | $0 | — | |
| Finance Income | $6.0m | $8.7m | $7.6m | $3.8m | $2.6m | $6.0m | $7.3m | $13.8m | $15.9m | $13.6m | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | — | — | |
| Interest Income, Operating | — | — | — | — | — | — | — | — | — | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | — | — | |
| Other Income | — | $308k | — | — | — | — | — | — | — | — | |
| Profit Loss Attributable To Noncontrolling Interests | $31.5m | $25.4m | $45.0m | $55.6m | $67.2m | $141.9m | $199.7m | $101.7m | $114.1m | — | |
| Profit Loss Attributable To Owners Of Parent | $22.4m | $10.4m | $32.4m | $38.8m | $46.8m | $54.6m | $81.4m | $64.0m | $79.7m | — | |
| Profit Loss Before Tax | $77.3m | $52.8m | $101.7m | $121.6m | $143.8m | — | — | — | $248.4m | — | |
| Profit Loss From Operating Activities | $88.5m | $72.9m | $109.6m | $138.5m | $170.6m | $208.0m | $276.6m | $239.4m | $270.5m | $196.4m | |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | $349k | $1.1m | $369k | $1.8m | $1.5m | $184.0m | $256.7m | $211.0m | $248.4m | $146.4m | |
| Proprietary software products and related services | $149.2m | $201.3m | $207.9m | $225.4m | $284.3m | $350.8m | $344.4m | $365.6m | $377.4m | $88.9m | |
| Software services and other | $835.4m | $1.0b | $1.1b | $1.3b | $1.4b | $1.8b | $1.6b | $1.6b | $1.7b | $2.0b | |
| Other income, net | — | — | — | — | — | — | $44.3m | — | $5.4m | $9.2m | |
| Financial income | $6.0m | $8.8m | $7.6m | $3.8m | $2.6m | $6.0m | $7.3m | $13.8m | $15.9m | $13.6m | |
| Share of profits of companies accounted for at equity, net | — | — | — | $1.8m | $1.5m | $505k | ($1.8m) | $773k | $2.1m | $3.7m | |
| Taxes on income | $21.2m | $13.4m | $24.3m | $27.2m | $31.3m | $42.6m | $55.2m | $46.1m | $56.7m | $40.5m | |
| Net income from discontinued operations | — | — | — | — | — | — | — | $63.5m | $71.6m | $559.5m | |
| From continued operations | — | — | — | — | — | — | — | $35.7m | $48.5m | $36.5m | |
| From discontinued operations | — | — | — | — | — | — | — | $28.3m | $31.1m | $570.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Pre-tax income before share of profits of companies accounted for at equity, net | $349k | $1.1m | $369k | $1.8m | $1.5m | $184.0m | $256.7m | $211.0m | $248.4m | $146.4m | |
| Net income from continued operations | — | — | — | — | — | — | — | $102.2m | $122.2m | $109.6m | |
| Net income to Non-controlling interests | $33.7m | $29.1m | $45.0m | $55.6m | $67.2m | $87.3m | $118.3m | $101.7m | $114.1m | $62.6m | |
| Net Income (Loss) Attributable to Parent | $56.1m | $39.4m | $77.4m | $94.4m | $114.0m | $141.9m | $199.7m | $165.7m | $193.8m | $606.5m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $1.58 | $0.72 | $2.20 | $2.56 | $3.05 | $3.57 | $5.31 | $4.19 | $5.22 | — | |
| Earnings Per Share, Diluted | $1.49 | $0.68 | $2.14 | $2.44 | $3.01 | $3.50 | $5.21 | $4.12 | $5.09 | — | |
| Basic Earnings (Loss) Per Share | $1.58 | $0.72 | $2.20 | $2.56 | $3.05 | $3.57 | $5.31 | $4.19 | $5.22 | — | |
| Diluted Earnings (Loss) Per Share | $1.49 | $0.68 | $2.14 | $2.44 | $3.01 | $3.50 | $5.21 | $4.12 | $5.09 | — | |
| Earnings per share from discontinued operations (basic) (in Dollars per share) | — | — | — | — | — | — | — | $1.82 | $1.99 | $36.09 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | — | — | — | — | — | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | — | — | — | — | — | |
| Research and Development Expense | $22.3m | $39.9m | $41.2m | $46.7m | $52.6m | $65.9m | $72.1m | $78.0m | $84.4m | $20.0m | |
| Research and development expenses, net | $22.3m | $39.9m | $41.2m | $46.7m | $52.6m | $65.9m | $72.1m | $78.0m | $84.4m | $20.0m | |
| Selling, General and Administrative Expense | $148.0m | $184.4m | $182.5m | $200.9m | $224.2m | $290.0m | $318.0m | $326.4m | $335.2m | — | |
| Selling, marketing, general and administrative expenses | $148.0m | $184.2m | $182.5m | $200.9m | $224.2m | $290.0m | $318.0m | $326.4m | $335.2m | $312.0m | |
| Current Tax Expense (Income) | $21.0m | $22.4m | $30.3m | $40.2m | $23.0m | $53.0m | $75.4m | $54.7m | $68.3m | — | |
| Deferred Tax Expense (Income) | $211k | ($9.0m) | ($6.0m) | ($13.0m) | $8.3m | ($10.3m) | ($20.2m) | ($8.7m) | ($11.7m) | — | |
| Deferred Tax Expense (Income) Recognised In Profit Or Loss | — | — | — | — | — | $3.1m | $2.2m | $377k | — | — | |
| Depreciation And Amortisation Expense | $32.5m | $43.7m | $48.7m | $53.4m | $61.1m | $122.2m | $115.3m | $121.2m | $115.5m | — | |
| Employee Benefits Expense | $14.5m | $16.6m | $30.9m | — | — | — | — | — | — | — | |
| Expense From Share-Based Payment Transactions With Employees | $4.4m | $4.0m | $4.0m | $3.9m | $7.9m | — | $15.0m | $18.6m | $16.2m | — | |
| Finance Costs | $17.6m | $29.9m | $15.9m | $22.4m | $29.4m | $30.0m | $27.2m | $42.1m | $38.1m | — | |
| Other Operating Income Expense | $88.5m | $72.8m | $109.6m | $138.5m | $170.6m | $219.2m | $276.6m | $239.4m | $270.5m | $196.4m | |
| Financial expenses | $17.6m | $29.9m | $15.9m | $22.4m | $29.4m | $30.0m | $27.2m | $42.1m | $38.1m | $63.6m | |
| Interest Expense | ($964k) | ($408k) | — | — | — | — | — | — | — | — | |
| Interest Expense, Debt | — | — | — | — | — | — | — | — | — | — | |
| Interest Expense On Lease Liabilities | — | — | — | — | — | — | — | — | $6.5m | — | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense Continuing Operations | $21.2m | $13.4m | $24.3m | $27.2m | $31.3m | $42.6m | $55.2m | $46.1m | $56.7m | $40.5m | |
| Other Operating Income (Expense), Net | $88.5m | $72.8m | $109.6m | $138.5m | $170.6m | $208.0m | $276.6m | $239.4m | $270.5m | $196.4m | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.