Income Statement RSL Electronics Ltd.

Stocks

RSEL

IL0002990161

Aerospace & Defense

Market Closed - TEL AVIV STOCK EXCHANGE 18:26:21 10/09/2026 +04			5-day change	1st Jan Change
1,032.00 ^ILa	-3.19%		-0.48%	-32.11%

08-25	RSL Electronics Ltd. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
03-30	RSL Electronics Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: RSL ELECTRONICS LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Revenues	23.84M	35.86M	31.12M	54.04M	41.29M
Total Revenues	23.84M	35.86M	31.12M	54.04M	41.29M
Cost of Goods Sold, Total	15.49M	20.07M	16.27M	25.1M	24.64M
Gross Profit	8.36M	15.79M	14.84M	28.94M	16.64M
Selling General & Admin Expenses, Total	6.76M	7.5M	7.6M	8.57M	7.46M
R&D Expenses	691K	761K	1.03M	3.62M	2.3M
Other Operating Expenses	-	67K	-184K	-	46K
Other Operating Expenses, Total	7.45M	8.33M	8.44M	12.19M	9.81M
Operating Income	909K	7.46M	6.4M	16.75M	6.84M
Interest Expense, Total	-350K	-270K	-299K	-328K	-296K
Interest And Investment Income	1K	806K	388K	577K	320K
Net Interest Expenses	-349K	536K	89K	249K	24K
Currency Exchange Gains (Loss)	-176K	-	-	637K	-944K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	384K	8M	6.49M	17.64M	5.92M
Gain (Loss) On Sale Of Assets	-8K	-	-	-	-
Other Unusual Items	-	-	-	-80K	-35K
EBT, Incl. Unusual Items	376K	8M	6.49M	17.56M	5.88M
Income Tax Expense	108K	557K	554K	1.38M	394K
Earnings From Continuing Operations	268K	7.44M	5.94M	16.18M	5.49M
Net Income to Company	268K	7.44M	5.94M	16.18M	5.49M
Net Income - (IS)	268K	7.44M	5.94M	16.18M	5.49M
Net Income to Common Incl Extra Items	268K	7.44M	5.94M	16.18M	5.49M
Net Income to Common Excl. Extra Items	268K	7.44M	5.94M	16.18M	5.49M
Per Share Items
Net EPS - Basic	0.03	0.74	0.59	1.6	0.54
Basic EPS - Continuing Operations	0.03	0.74	0.59	1.6	0.54
Basic Weighted Average Shares Outstanding	10.12M	10.12M	10.12M	10.12M	10.12M
Net EPS - Diluted	0.03	0.74	0.58	1.6	0.54
Diluted EPS - Continuing Operations	0.03	0.74	0.58	1.6	0.54
Diluted Weighted Average Shares Outstanding	10.12M	10.12M	10.12M	10.12M	10.12M
Normalized Basic EPS	0.02	0.49	0.4	1.09	0.37
Normalized Diluted EPS	0.02	0.49	0.4	1.09	0.37
Dividend Per Share	-	0.38	0.25	1.86	0.74
Payout Ratio	-	-	64.89	15.45	342.63
Supplemental Items
EBITDA	987K	7.55M	6.5M	16.97M	7.24M
EBITA	909K	7.46M	6.4M	16.75M	6.84M
EBIT	909K	7.46M	6.4M	16.75M	6.84M
Effective Tax Rate - (Ratio)	28.72	6.97	8.53	7.83	6.7
Total Current Taxes	14K	451K	402K	1.44M	455K
Total Deferred Taxes	57K	106K	152K	-68K	-61K
Normalized Net Income	240K	5M	4.06M	11.02M	3.7M
Interest on Long-Term Debt	119K	38K	149K	207K	103K
Non-Cash Pension Expense	-	-	-	139K	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.56M	3.57M	3.39M	3.13M	2.82M
General and Administrative Expenses	3.16M	3.93M	4.1M	5.3M	4.48M
Research And Development Expense From Footnotes	691K	761K	1.03M	3.62M	2.3M
Maintenance & Repair Expenses, Total	23K	32K	79K	225K	158K

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Assets
Cash And Equivalents	2.38M	7.18M	12.26M	1.81M	5.24M
Total Cash And Short Term Investments	2.38M	7.18M	12.26M	1.81M	5.24M
Accounts Receivable, Total	14.42M	15.08M	10.81M	39.98M	20.47M
Other Receivables	331K	208K	75K	62K	29K
Notes Receivable	44K	34K	30K	2K	-
Total Receivables	14.8M	15.32M	10.92M	40.04M	20.5M
Inventory	8.33M	4.52M	5.48M	5.49M	6.46M
Prepaid Expenses	138K	122K	145K	166K	80K
Other Current Assets, Total	7.01M	6.82M	5.87M	5.96M	5.54M
Total Current Assets	32.66M	33.96M	34.68M	53.47M	37.81M
Gross Property Plant And Equipment	4.91M	5.21M	7.71M	11.51M	11.6M
Accumulated Depreciation	-2.11M	-3.09M	-4.15M	-5.66M	-4.92M
Net Property Plant And Equipment	2.8M	2.13M	3.56M	5.85M	6.69M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	257K	153K	1K	69K	130K
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	174K	195K	-	-	-
Total Assets	35.89M	36.44M	38.24M	59.39M	44.63M
Liabilities
Accounts Payable, Total	1.75M	1.24M	964K	1.71M	1.42M
Accrued Expenses, Total	2.15M	3.9M	3.09M	4.82M	3.11M
Short-term Borrowings	7.78M	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	839K	616K	1M	975K	1.48M
Other Current Liabilities	-	148K	747K	9.26M	3.81M
Total Current Liabilities	12.52M	5.9M	5.8M	16.77M	9.82M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.64M	1.1M	446K	900K	1.45M
Unearned Revenue Non Current	123K	127K	612K	1.39M	1.4M
Pension & Other Post Retirement Benefits	-	-	171K	523K	224K
Total Liabilities	14.29M	7.13M	7.03M	19.58M	12.89M
Common Stock, Total	19.01M	19.01M	19.01M	19.01M	19.01M
Additional Paid In Capital	42M	42M	42M	42M	42M
Retained Earnings	-34.14M	-26.68M	-24.85M	-16.31M	-24.15M
Treasury Stock	-5.8M	-5.8M	-5.8M	-5.8M	-5.8M
Comprehensive Income and Other	524K	771K	848K	904K	669K
Total Common Equity	21.6M	29.3M	31.21M	39.81M	31.74M
Total Equity	21.6M	29.3M	31.21M	39.81M	31.74M
Total Liabilities And Equity	35.89M	36.44M	38.24M	59.39M	44.63M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.12M	10.12M	10.12M	10.12M	10.12M
ECS Total Common Shares Outstanding	10.12M	10.12M	10.12M	10.12M	10.12M
Book Value / Share	2.13	2.89	3.08	3.93	3.14
Tangible Book Value	21.6M	29.3M	31.21M	39.81M	31.74M
Tangible Book Value Per Share	2.13	2.89	3.08	3.93	3.14
Total Debt	10.26M	1.72M	1.45M	1.88M	2.93M
Net Debt	7.88M	-5.46M	-10.82M	65K	-2.31M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	522K	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4.56M	2.56M	3.04M	4.1M	4.7M
Inventories - Work In Process, Total	2.65M	554K	1.07M	607K	279K
Inventories - Finished Goods, Total	1.12M	1.4M	1.38M	791K	1.48M
Land - (BS)	-	-	-	-	-
Machinery, Total	647K	684K	817K	1.15M	1.25M
Full Time Employees	37	36	36	39	38
Accumulated Allowance for Doubtful Accounts (Supple)	200K	200K	200K	17K	17K

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Net Income	268K	7.44M	5.94M	16.18M	5.49M
Depreciation & Amortization - CF	1.06M	972K	1.13M	1.4M	1.92M
Depreciation & Amortization, Total	1.06M	972K	1.13M	1.4M	1.92M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	8K	-	-	-	-
Other Operating Activities, Total	104K	394K	470K	1.11M	74K
Change In Accounts Receivable	-5.4M	-436K	4.35M	-29.11M	19.27M
Change In Inventories	-2.51M	3.84M	-965K	-9K	-962K
Change In Accounts Payable	953K	-512K	-275K	750K	-299K
Change in Unearned Revenues	-8K	4K	-167K	89K	-35K
Change in Other Net Operating Assets	-739K	2.26M	-385K	4.47M	-2.05M
Cash from Operations	-6.26M	13.96M	10.1M	-5.13M	23.42M
Capital Expenditure	-276K	-57K	-200K	-374K	-145K
Sale (Purchase) of Real Estate properties	84K	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-1.64M	-2.21M	-
Other Investing Activities, Total	-	-	831K	-236K	395K
Cash from Investing	-192K	-57K	-1.01M	-2.82M	250K
Short Term Debt Issued, Total	6.24M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	6.24M	-	-	-	-
Short Term Debt Repaid, Total	-	-7.78M	-	-	-
Long-Term Debt Repaid, Total	-930K	-1.44M	-1.13M	-1.3M	-1.57M
Total Debt Repaid	-930K	-9.22M	-1.13M	-1.3M	-1.57M
Common Dividends Paid	-	-	-3.85M	-2.5M	-18.8M
Common & Preferred Stock Dividends Paid	-	-	-3.85M	-2.5M	-18.8M
Other Financing Activities, Total	-	-	652K	990K	43K
Cash from Financing	5.32M	-9.22M	-4.33M	-2.81M	-20.33M
Foreign Exchange Rate Adjustments	186K	108K	326K	300K	91K
Net Change in Cash	-948K	4.8M	5.08M	-10.45M	3.43M
Supplemental Items
Cash Interest Paid	83K	79K	-	-	-
Cash Income Tax Paid (Refund)	37K	24K	-	383K	419K
Levered Free Cash Flow	-6.33M	10.29M	6.98M	-9.17M	17.5M
Unlevered Free Cash Flow	-6.11M	10.46M	7.17M	-8.96M	17.68M
Change In Net Working Capital	7.47M	-4.88M	-3.88M	18.25M	-11.63M
Net Debt Issued / Repaid	5.32M	-9.22M	-1.13M	-1.3M	-1.57M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Profitability
Return on Assets	1.77	12.89	10.72	21.45	8.21
Return on Total Capital	2	14.83	12.57	28.17	11.19
Return On Equity %	1.25	29.23	19.63	45.58	15.34
Return on Common Equity	1.25	29.23	19.63	45.58	15.34
Margin Analysis
Gross Profit Margin %	35.05	44.02	47.71	53.56	40.31
SG&A Margin	28.34	20.91	24.41	15.85	18.08
EBITDA Margin %	4.14	21.05	20.9	31.4	17.54
EBITA Margin %	3.81	20.81	20.58	31	16.56
EBIT Margin %	3.81	20.81	20.58	31	16.56
Income From Continuing Operations Margin %	1.12	20.75	19.09	29.95	13.29
Net Income Margin %	1.12	20.75	19.09	29.95	13.29
Net Avail. For Common Margin %	1.12	20.75	19.09	29.95	13.29
Normalized Net Income Margin	1.01	13.94	13.04	20.4	8.96
Levered Free Cash Flow Margin	-26.56	28.68	22.44	-16.96	42.38
Unlevered Free Cash Flow Margin	-25.64	29.15	23.05	-16.58	42.83
Asset Turnover
Asset Turnover	0.74	0.99	0.83	1.11	0.79
Fixed Assets Turnover	8.83	14.57	10.95	11.49	6.59
Receivables Turnover (Average Receivables)	2.02	2.43	2.4	2.13	1.37
Inventory Turnover (Average Inventory)	2.19	3.12	3.25	4.57	4.12
Short Term Liquidity
Current Ratio	2.61	5.76	5.98	3.19	3.85
Quick Ratio	1.37	3.81	3.99	2.49	2.62
Operating Cash Flow to Current Liabilities	-0.5	2.37	1.74	-0.31	2.38
Days Sales Outstanding (Average Receivables)	181.11	150.13	151.85	171.96	267.17
Days Outstanding Inventory (Average Inventory)	166.88	116.83	112.22	80.05	88.5
Average Days Payable Outstanding	25.86	33.56	23.33	19.52	22.3
Cash Conversion Cycle (Average Days)	322.14	233.4	240.75	232.49	333.37
Long Term Solvency
Total Debt/Equity	47.52	5.87	4.63	4.71	9.24
Total Debt / Total Capital	32.21	5.54	4.43	4.5	8.46
LT Debt/Equity	7.61	3.76	1.43	2.26	4.57
Long-Term Debt / Total Capital	5.16	3.56	1.37	2.16	4.19
Total Liabilities / Total Assets	39.82	19.57	18.38	32.97	28.88
EBIT / Interest Expense	2.6	27.63	21.42	51.08	23.09
EBITDA / Interest Expense	5.63	31.23	25.2	55.33	29.59
(EBITDA - Capex) / Interest Expense	4.84	31.02	24.53	54.19	29.1
Total Debt / EBITDA	5.21	0.2	0.19	0.1	0.33
Net Debt / EBITDA	4	-0.65	-1.44	0	-0.26
Total Debt / (EBITDA - Capex)	6.06	0.21	0.2	0.11	0.34
Net Debt / (EBITDA - Capex)	4.65	-0.65	-1.47	0	-0.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.12	50.41	-13.23	73.69	-23.61
Gross Profit, 1 Yr. Growth %	13.9	88.93	-5.97	94.99	-42.5
EBITDA, 1 Yr. Growth %	-164.98	671.09	-13.87	161	-57.33
EBITA, 1 Yr. Growth %	-157.35	728.08	-14.17	161.6	-59.2
EBIT, 1 Yr. Growth %	-157.35	728.08	-14.17	161.6	-59.2
Earnings From Cont. Operations, 1 Yr. Growth %	-114.5	2.68K	-20.17	172.5	-66.1
Net Income, 1 Yr. Growth %	-114.5	2.68K	-20.17	172.5	-66.1
Normalized Net Income, 1 Yr. Growth %	-119.56	2.03K	-18.81	171.66	-66.46
Diluted EPS Before Extra, 1 Yr. Growth %	-114.5	2.68K	-21.09	172.5	-66.22
Accounts Receivable, 1 Yr. Growth %	56.07	4.57	-28.32	269.8	-48.8
Inventory, 1 Yr. Growth %	42.9	-45.74	21.35	0.16	17.51
Net Property, Plant and Equip., 1 Yr. Growth %	7.33	-23.99	67.4	64.34	14.34
Total Assets, 1 Yr. Growth %	26.08	1.52	4.96	55.3	-24.86
Tangible Book Value, 1 Yr. Growth %	2.25	35.68	6.51	27.54	-20.27
Common Equity, 1 Yr. Growth %	2.25	35.68	6.51	27.54	-20.27
Cash From Operations, 1 Yr. Growth %	-2.01K	-323.13	-27.68	-150.79	-556.61
Capital Expenditures, 1 Yr. Growth %	324.62	-79.35	250.88	87	-61.23
Levered Free Cash Flow, 1 Yr. Growth %	298.75	-262.33	-32.11	-231.27	-290.88
Unlevered Free Cash Flow, 1 Yr. Growth %	322.56	-270.89	-31.42	-224.99	-297.31
Dividend Per Share, 1 Yr. Growth %	-	-	-35.13	654.85	-60.02
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.98	31.59	14.24	22.76	15.19
Gross Profit, 2 Yr. CAGR %	2.38	46.7	33.28	35.4	5.89
EBITDA, 2 Yr. CAGR %	298.99	535.37	82	41.86	-1.97
EBITA, 2 Yr. CAGR %	-3.1	138.38	166.6	49.85	3.32
EBIT, 2 Yr. CAGR %	-3.1	138.38	166.6	49.85	3.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-80.65	100.65	370.75	47.49	-3.88
Net Income, 2 Yr. CAGR %	-80.65	100.65	370.75	47.49	-3.88
Normalized Net Income, 2 Yr. CAGR %	-52.56	117.47	315.56	48.52	-4.55
Diluted EPS Before Extra, 2 Yr. CAGR %	-80.65	100.65	368.05	47.49	-4.06
Accounts Receivable, 2 Yr. CAGR %	44.39	27.75	-13.42	62.81	37.6
Inventory, 2 Yr. CAGR %	-2.17	-11.95	-18.86	10.25	8.49
Net Property, Plant and Equip., 2 Yr. CAGR %	-11.44	-9.68	12.8	65.87	37.08
Total Assets, 2 Yr. CAGR %	8.23	13.14	3.23	27.67	8.03
Tangible Book Value, 2 Yr. CAGR %	-2.89	17.78	20.21	16.55	0.84
Common Equity, 2 Yr. CAGR %	-2.89	17.78	20.21	16.55	0.84
Cash From Operations, 2 Yr. CAGR %	107.52	552.41	27.03	-39.39	52.29
Capital Expenditures, 2 Yr. CAGR %	49.19	-6.36	-14.87	156.15	-14.85
Levered Free Cash Flow, 2 Yr. CAGR %	300.94	169.35	4.98	-5.6	58.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	436.98	186.18	8.26	-7.41	57.04
Dividend Per Share, 2 Yr. CAGR %	-	-	-	121.06	73.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.97	17.6	14.53	31.36	4.81
Gross Profit, 3 Yr. CAGR %	-1.54	25.58	26.48	51.3	1.78
EBITDA, 3 Yr. CAGR %	-23.4	395.64	226.39	105.24	-4.95
EBITA, 3 Yr. CAGR %	-23.79	97.53	69.59	164.92	-2.87
EBIT, 3 Yr. CAGR %	-23.79	97.53	69.59	164.92	-2.87
Earnings From Cont. Operations, 3 Yr. CAGR %	-55.96	1.29	47.57	292.33	-9.65
Net Income, 3 Yr. CAGR %	-55.96	1.29	47.57	292.33	-9.65
Normalized Net Income, 3 Yr. CAGR %	-43.86	67.36	56.59	260.66	-9.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-55.96	1.29	47	292.33	-9.77
Accounts Receivable, 3 Yr. CAGR %	13.06	29.67	5.37	40.47	10.72
Inventory, 3 Yr. CAGR %	-5.68	-19.62	-2.01	-12.96	12.62
Net Property, Plant and Equip., 3 Yr. CAGR %	134.11	-15.84	10.95	27.88	46.52
Total Assets, 3 Yr. CAGR %	12.52	5.95	10.34	18.28	6.99
Tangible Book Value, 3 Yr. CAGR %	10.42	8.56	13.9	22.61	2.7
Common Equity, 3 Yr. CAGR %	10.42	8.56	13.9	22.61	2.7
Cash From Operations, 3 Yr. CAGR %	109.34	112.59	213.39	-6.42	18.81
Capital Expenditures, 3 Yr. CAGR %	2.67	-22.82	45.45	10.66	36.51
Levered Free Cash Flow, 3 Yr. CAGR %	68.05	196.69	70.14	13.1	19.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	75.84	266.72	77.76	13.57	19.15
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	24.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.18	13.26	4.85	19.64	14.79
Gross Profit, 5 Yr. CAGR %	4.14	15.7	11.14	29.42	17.8
EBITDA, 5 Yr. CAGR %	-7.44	45.9	24.25	207.23	107.77
EBITA, 5 Yr. CAGR %	-11.1	49.2	25.54	76.87	39.09
EBIT, 5 Yr. CAGR %	-11.1	49.2	25.54	76.87	39.09
Earnings From Cont. Operations, 5 Yr. CAGR %	-34.76	94.4	13.62	17.72	24.32
Net Income, 5 Yr. CAGR %	-34.76	94.4	13.62	17.72	24.32
Normalized Net Income, 5 Yr. CAGR %	-28.94	93.47	24.51	59.55	28.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-34.76	94.4	13.35	17.72	24.22
Accounts Receivable, 5 Yr. CAGR %	13.47	12.55	1.61	42.03	17.24
Inventory, 5 Yr. CAGR %	-2.41	-14.88	-11.19	-8.79	2.06
Net Property, Plant and Equip., 5 Yr. CAGR %	29.74	27.02	74.81	10.4	20.74
Total Assets, 5 Yr. CAGR %	9.09	10.62	8.71	14.15	9.41
Tangible Book Value, 5 Yr. CAGR %	10.79	17.7	14.24	11.69	8.48
Common Equity, 5 Yr. CAGR %	10.75	17.68	14.24	11.69	8.48
Cash From Operations, 5 Yr. CAGR %	2.76	146.31	71.42	28.69	134.81
Capital Expenditures, 5 Yr. CAGR %	47.15	62.7	-4.74	24.71	17.41
Levered Free Cash Flow, 5 Yr. CAGR %	6.23	94.43	39.24	87.66	65.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.65	80.57	44.86	111.45	69.16