Elspec Engineering Ltd
TASE:ELSPC
Income Statement
Earnings Waterfall
Elspec Engineering Ltd
Income Statement
Elspec Engineering Ltd
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
55
N/A
|
49
-12%
|
44
-9%
|
41
-7%
|
37
-9%
|
37
-2%
|
35
-4%
|
37
+6%
|
63
+70%
|
75
+20%
|
92
+23%
|
96
+4%
|
76
-21%
|
69
-8%
|
57
-18%
|
54
-5%
|
60
+12%
|
64
+6%
|
69
+8%
|
74
+7%
|
67
-10%
|
64
-3%
|
59
-7%
|
51
-13%
|
53
+4%
|
52
-2%
|
55
+5%
|
65
+20%
|
66
+1%
|
67
+1%
|
69
+3%
|
64
-7%
|
63
-2%
|
63
-1%
|
61
-2%
|
60
-2%
|
57
-4%
|
53
-8%
|
55
+4%
|
56
+1%
|
58
+4%
|
67
+15%
|
78
+18%
|
79
+1%
|
31
-60%
|
64
+105%
|
70
+9%
|
72
+2%
|
80
+12%
|
89
+11%
|
95
+6%
|
101
+6%
|
94
-7%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(32)
|
(30)
|
(28)
|
(28)
|
(26)
|
(25)
|
(23)
|
(21)
|
(30)
|
(34)
|
(44)
|
(45)
|
(39)
|
(38)
|
(30)
|
(29)
|
(30)
|
(31)
|
(34)
|
(36)
|
(32)
|
(31)
|
(30)
|
(26)
|
(27)
|
(26)
|
(26)
|
(30)
|
(31)
|
(31)
|
(31)
|
(30)
|
(28)
|
(28)
|
(29)
|
(28)
|
(28)
|
(25)
|
(26)
|
(28)
|
(29)
|
(34)
|
(42)
|
(43)
|
(17)
|
(35)
|
(39)
|
(39)
|
(41)
|
(42)
|
(44)
|
(49)
|
(47)
|
|
| Gross Profit |
24
N/A
|
19
-20%
|
16
-17%
|
13
-18%
|
11
-15%
|
11
+3%
|
12
+7%
|
16
+33%
|
33
+106%
|
42
+26%
|
49
+17%
|
51
+4%
|
37
-27%
|
32
-14%
|
27
-15%
|
25
-7%
|
31
+21%
|
32
+6%
|
35
+9%
|
38
+8%
|
34
-10%
|
33
-3%
|
30
-10%
|
26
-15%
|
26
+2%
|
26
+1%
|
29
+10%
|
35
+21%
|
35
+1%
|
36
+1%
|
38
+6%
|
35
-8%
|
35
+0%
|
34
-2%
|
32
-7%
|
32
0%
|
29
-8%
|
27
-7%
|
29
+6%
|
28
-5%
|
29
+4%
|
33
+15%
|
36
+10%
|
36
0%
|
14
-60%
|
29
+104%
|
31
+7%
|
33
+5%
|
40
+20%
|
47
+19%
|
51
+9%
|
52
+2%
|
47
-10%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(21)
|
(21)
|
(21)
|
(21)
|
(20)
|
(21)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(25)
|
(24)
|
(23)
|
(23)
|
(22)
|
(23)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(25)
|
(26)
|
(25)
|
(26)
|
(24)
|
(24)
|
(23)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(12)
|
(24)
|
(25)
|
(28)
|
(32)
|
(37)
|
(38)
|
(40)
|
(40)
|
|
| Selling, General & Administrative |
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(17)
|
(17)
|
(18)
|
(17)
|
(18)
|
(19)
|
(20)
|
(21)
|
(20)
|
(20)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(19)
|
(19)
|
(18)
|
(19)
|
(18)
|
(18)
|
(19)
|
(18)
|
(8)
|
(17)
|
(19)
|
(20)
|
(24)
|
(28)
|
(28)
|
(29)
|
(30)
|
|
| Research & Development |
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(4)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
|
| Operating Income |
3
N/A
|
(2)
N/A
|
(5)
-147%
|
(8)
-59%
|
(11)
-31%
|
(11)
+1%
|
(10)
+11%
|
(5)
+45%
|
12
N/A
|
21
+73%
|
28
+33%
|
30
+8%
|
16
-46%
|
12
-29%
|
6
-47%
|
5
-25%
|
9
+90%
|
9
+9%
|
12
+24%
|
13
+14%
|
10
-23%
|
10
-3%
|
7
-31%
|
3
-55%
|
3
+11%
|
3
-7%
|
6
+82%
|
11
+94%
|
11
-4%
|
12
+6%
|
13
+16%
|
10
-25%
|
10
-3%
|
9
-10%
|
7
-25%
|
6
-3%
|
5
-19%
|
4
-31%
|
6
+64%
|
4
-36%
|
4
+2%
|
8
+101%
|
10
+35%
|
10
+1%
|
2
-77%
|
5
+113%
|
6
+18%
|
5
-16%
|
7
+44%
|
10
+42%
|
14
+34%
|
12
-11%
|
6
-48%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
0
|
(1)
|
(2)
|
(5)
|
(3)
|
(5)
|
(2)
|
0
|
(4)
|
(4)
|
(5)
|
(4)
|
(2)
|
(1)
|
0
|
2
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
1
|
(1)
|
1
|
(0)
|
1
|
(0)
|
1
|
(2)
|
0
|
2
|
(0)
|
3
|
1
|
4
|
1
|
3
|
(0)
|
|
| Total Other Income |
2
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
0
|
(2)
|
0
|
(3)
|
0
|
(3)
|
0
|
(2)
|
0
|
|
| Pre-Tax Income |
4
N/A
|
(2)
N/A
|
(6)
-266%
|
(10)
-72%
|
(16)
-61%
|
(14)
+12%
|
(14)
-2%
|
(7)
+49%
|
12
N/A
|
17
+46%
|
24
+38%
|
26
+8%
|
12
-53%
|
10
-20%
|
5
-44%
|
5
-12%
|
11
+125%
|
11
0%
|
14
+26%
|
15
+13%
|
12
-24%
|
11
-2%
|
8
-31%
|
4
-53%
|
4
+12%
|
4
+3%
|
7
+56%
|
12
+83%
|
12
-3%
|
12
+3%
|
14
+12%
|
10
-26%
|
9
-7%
|
8
-13%
|
6
-24%
|
5
-13%
|
4
-19%
|
3
-39%
|
5
+91%
|
4
-31%
|
4
+5%
|
7
+97%
|
10
+35%
|
9
-11%
|
3
-69%
|
5
+73%
|
6
+18%
|
5
-17%
|
8
+68%
|
12
+49%
|
15
+26%
|
13
-13%
|
6
-54%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(0)
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
2
|
(0)
|
(4)
|
(4)
|
(5)
|
(4)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(4)
|
(4)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
|
| Income from Continuing Operations |
3
|
(2)
|
(5)
|
(10)
|
(16)
|
(14)
|
(15)
|
(7)
|
13
|
17
|
20
|
22
|
7
|
6
|
5
|
4
|
10
|
9
|
12
|
14
|
10
|
8
|
4
|
0
|
1
|
3
|
6
|
11
|
10
|
11
|
12
|
9
|
8
|
7
|
5
|
4
|
3
|
2
|
4
|
3
|
5
|
8
|
9
|
8
|
2
|
4
|
5
|
4
|
7
|
11
|
14
|
13
|
6
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
3
N/A
|
(2)
N/A
|
(5)
-137%
|
(10)
-109%
|
(16)
-61%
|
(14)
+13%
|
(15)
-7%
|
(7)
+51%
|
13
N/A
|
17
+28%
|
20
+16%
|
22
+10%
|
7
-70%
|
6
-12%
|
5
-15%
|
4
-21%
|
10
+148%
|
9
-1%
|
12
+30%
|
14
+14%
|
10
-26%
|
7
-29%
|
4
-44%
|
0
-96%
|
1
+373%
|
4
+400%
|
6
+62%
|
11
+87%
|
10
-3%
|
11
+2%
|
12
+12%
|
9
-29%
|
8
-8%
|
7
-14%
|
5
-26%
|
4
-10%
|
3
-25%
|
2
-44%
|
4
+130%
|
3
-36%
|
5
+67%
|
8
+72%
|
9
+8%
|
8
-10%
|
2
-68%
|
4
+74%
|
5
+16%
|
4
-17%
|
7
+76%
|
11
+50%
|
14
+26%
|
13
-7%
|
6
-51%
|
|
| EPS (Diluted) |
0.07
N/A
|
-0.11
N/A
|
-0.28
-155%
|
-0.57
-104%
|
-0.9
-58%
|
-0.71
+21%
|
-0.78
-10%
|
-0.37
+53%
|
0.69
N/A
|
0.88
+28%
|
1.03
+17%
|
1.1
+7%
|
0.34
-69%
|
0.29
-15%
|
0.24
-17%
|
0.19
-21%
|
0.51
+168%
|
0.48
-6%
|
0.63
+31%
|
0.72
+14%
|
0.53
-26%
|
0.38
-28%
|
0.21
-45%
|
0.01
-95%
|
0.04
+300%
|
0.2
+400%
|
0.29
+45%
|
0.58
+100%
|
0.54
-7%
|
0.57
+6%
|
0.63
+11%
|
0.45
-29%
|
0.41
-9%
|
0.35
-15%
|
0.26
-26%
|
0.26
N/A
|
0.17
-35%
|
0.1
-41%
|
0.22
+120%
|
0.14
-36%
|
0.24
+71%
|
0.42
+75%
|
0.45
+7%
|
0.4
-11%
|
0.12
-70%
|
0.22
+83%
|
0.26
+18%
|
0.21
-19%
|
0.37
+76%
|
0.56
+51%
|
0.71
+27%
|
0.66
-7%
|
0.32
-52%
|
|