Ravad Ltd
TASE:RAVD
Income Statement
Earnings Waterfall
Ravad Ltd
Income Statement
Ravad 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 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
19
|
0
|
0
|
0
|
58
|
0
|
0
|
0
|
63
|
0
|
0
|
0
|
67
|
0
|
0
|
0
|
61
|
0
|
0
|
0
|
41
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
8
|
0
|
12
|
0
|
0
|
0
|
|
| Revenue |
44
N/A
|
49
+10%
|
67
+38%
|
81
+20%
|
89
+10%
|
96
+7%
|
89
-7%
|
101
+14%
|
105
+3%
|
126
+20%
|
136
+8%
|
122
-10%
|
120
-2%
|
101
-15%
|
91
-11%
|
88
-4%
|
83
-6%
|
75
-9%
|
71
-6%
|
65
-8%
|
57
-12%
|
52
-10%
|
45
-14%
|
37
-18%
|
33
-10%
|
30
-11%
|
27
-8%
|
28
+1%
|
28
+2%
|
28
0%
|
29
+3%
|
30
+2%
|
29
0%
|
29
-1%
|
27
-6%
|
26
-4%
|
25
-6%
|
28
+15%
|
33
+16%
|
34
+5%
|
37
+7%
|
33
-11%
|
29
-13%
|
27
-7%
|
24
-10%
|
24
-2%
|
23
-1%
|
23
-1%
|
15
-36%
|
22
+48%
|
19
-13%
|
17
-12%
|
14
-16%
|
13
-5%
|
14
+2%
|
14
+1%
|
14
-1%
|
14
+5%
|
13
-7%
|
12
-11%
|
11
-12%
|
9
-14%
|
9
-4%
|
8
-9%
|
8
-2%
|
8
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(12)
|
(12)
|
(18)
|
(20)
|
(20)
|
(21)
|
(16)
|
(25)
|
(27)
|
(45)
|
(53)
|
(44)
|
(43)
|
(27)
|
(20)
|
(20)
|
(22)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(16)
|
(15)
|
(12)
|
(9)
|
(9)
|
(7)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(3)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Gross Profit |
33
N/A
|
37
+11%
|
49
+35%
|
62
+26%
|
69
+12%
|
75
+9%
|
72
-4%
|
76
+4%
|
78
+3%
|
80
+4%
|
83
+3%
|
78
-5%
|
78
-1%
|
74
-4%
|
71
-5%
|
67
-5%
|
61
-9%
|
56
-7%
|
52
-7%
|
46
-11%
|
39
-16%
|
34
-13%
|
29
-15%
|
21
-25%
|
21
0%
|
20
-5%
|
19
-7%
|
21
+9%
|
19
-7%
|
19
+1%
|
20
+1%
|
20
+4%
|
20
-3%
|
20
+4%
|
20
-4%
|
19
-2%
|
19
-3%
|
22
+17%
|
26
+17%
|
27
+5%
|
30
+12%
|
26
-13%
|
22
-15%
|
20
-9%
|
17
-16%
|
16
-5%
|
17
+3%
|
17
-1%
|
12
-28%
|
17
+46%
|
15
-13%
|
13
-12%
|
11
-19%
|
10
-5%
|
10
+1%
|
10
-1%
|
10
+0%
|
11
+6%
|
10
-4%
|
10
-8%
|
8
-12%
|
8
-11%
|
7
-8%
|
6
-19%
|
5
-3%
|
6
+8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(45)
|
(45)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(11)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(10)
|
(9)
|
(9)
|
(10)
|
(7)
|
(11)
|
(11)
|
(11)
|
(11)
|
(13)
|
(10)
|
(16)
|
(16)
|
(9)
|
(5)
|
(9)
|
(9)
|
(7)
|
(10)
|
(7)
|
(9)
|
(13)
|
(14)
|
(14)
|
(13)
|
(12)
|
(8)
|
(13)
|
(12)
|
(13)
|
(12)
|
(10)
|
(5)
|
(2)
|
(0)
|
(7)
|
(6)
|
(7)
|
(5)
|
(4)
|
(10)
|
(28)
|
(32)
|
(23)
|
|
| Selling, General & Administrative |
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(7)
|
(6)
|
(5)
|
(6)
|
(6)
|
(7)
|
(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
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
1
|
1
|
(39)
|
(39)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
(0)
|
(4)
|
(4)
|
(3)
|
(4)
|
(1)
|
(5)
|
(5)
|
(5)
|
(5)
|
(8)
|
(5)
|
(11)
|
(11)
|
(3)
|
1
|
(3)
|
(3)
|
(0)
|
(3)
|
(0)
|
(2)
|
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
0
|
(5)
|
(5)
|
(7)
|
(6)
|
(4)
|
1
|
4
|
6
|
0
|
2
|
(0)
|
1
|
1
|
(4)
|
(22)
|
(24)
|
(12)
|
|
| Operating Income |
29
N/A
|
33
+14%
|
45
+38%
|
57
+26%
|
63
+11%
|
30
-52%
|
27
-10%
|
70
+158%
|
72
+2%
|
74
+3%
|
77
+3%
|
72
-6%
|
71
-1%
|
68
-4%
|
64
-6%
|
61
-5%
|
50
-18%
|
50
+0%
|
45
-9%
|
39
-14%
|
32
-18%
|
27
-15%
|
19
-30%
|
12
-35%
|
13
+2%
|
10
-18%
|
12
+20%
|
10
-21%
|
9
-11%
|
9
+0%
|
9
+5%
|
7
-23%
|
10
+41%
|
4
-57%
|
3
-22%
|
10
+201%
|
13
+33%
|
13
-5%
|
16
+28%
|
20
+23%
|
21
+2%
|
20
-3%
|
13
-34%
|
7
-46%
|
3
-51%
|
3
-22%
|
4
+51%
|
5
+18%
|
4
-13%
|
4
+7%
|
3
-30%
|
0
-92%
|
(1)
N/A
|
(0)
+95%
|
5
N/A
|
9
+66%
|
10
+17%
|
4
-60%
|
5
+13%
|
2
-53%
|
3
+61%
|
3
-8%
|
(3)
N/A
|
(22)
-598%
|
(26)
-18%
|
(17)
+36%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
(1)
|
(17)
|
(42)
|
(80)
|
(42)
|
(37)
|
(67)
|
(62)
|
(48)
|
(58)
|
(62)
|
(59)
|
(64)
|
(76)
|
(81)
|
(149)
|
(156)
|
(128)
|
(109)
|
(28)
|
(4)
|
(36)
|
(30)
|
(6)
|
(9)
|
31
|
31
|
11
|
11
|
9
|
4
|
10
|
6
|
12
|
23
|
19
|
8
|
2
|
5
|
(8)
|
(4)
|
1
|
12
|
26
|
25
|
23
|
11
|
7
|
7
|
2
|
(2)
|
(16)
|
(5)
|
(6)
|
2
|
15
|
20
|
30
|
22
|
15
|
17
|
20
|
22
|
1
|
2
|
|
| Non-Reccuring Items |
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
|
(5)
|
0
|
0
|
0
|
(1)
|
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
|
|
| Total Other Income |
1
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
(9)
|
0
|
4
|
4
|
4
|
0
|
0
|
0
|
(0)
|
13
|
(0)
|
1
|
1
|
1
|
1
|
1
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
0
|
(0)
|
0
|
(6)
|
0
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
2
|
0
|
11
|
0
|
11
|
0
|
|
| Pre-Tax Income |
34
N/A
|
32
-6%
|
29
-10%
|
15
-47%
|
(17)
N/A
|
(11)
+32%
|
(10)
+12%
|
3
N/A
|
9
+235%
|
26
+185%
|
18
-31%
|
10
-43%
|
12
+16%
|
(4)
N/A
|
(21)
-360%
|
(29)
-40%
|
(99)
-244%
|
(103)
-3%
|
(78)
+24%
|
(66)
+16%
|
4
N/A
|
23
+445%
|
(17)
N/A
|
(18)
-9%
|
20
N/A
|
1
-94%
|
43
+3 510%
|
41
-4%
|
21
-49%
|
19
-7%
|
18
-7%
|
11
-40%
|
9
-15%
|
10
+13%
|
15
+48%
|
33
+115%
|
27
-17%
|
20
-26%
|
18
-11%
|
25
+39%
|
7
-73%
|
15
+130%
|
14
-8%
|
19
+32%
|
28
+51%
|
28
-3%
|
28
-1%
|
16
-43%
|
12
-23%
|
12
-1%
|
5
-58%
|
(1)
N/A
|
(12)
-760%
|
(5)
+58%
|
(1)
+83%
|
11
N/A
|
30
+168%
|
24
-17%
|
34
+40%
|
24
-31%
|
20
-16%
|
20
-1%
|
28
+42%
|
0
-100%
|
(14)
N/A
|
(15)
-9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(6)
|
(7)
|
(7)
|
(7)
|
5
|
5
|
4
|
4
|
(16)
|
(18)
|
(18)
|
(17)
|
(7)
|
(8)
|
3
|
3
|
25
|
28
|
20
|
19
|
(6)
|
(9)
|
(0)
|
2
|
6
|
12
|
2
|
1
|
(5)
|
(6)
|
(12)
|
(4)
|
(2)
|
(1)
|
3
|
(6)
|
(3)
|
(5)
|
(3)
|
(2)
|
6
|
7
|
8
|
5
|
(4)
|
(5)
|
(6)
|
(4)
|
(1)
|
(3)
|
(2)
|
(1)
|
1
|
1
|
(1)
|
(4)
|
(15)
|
(14)
|
(17)
|
(14)
|
(5)
|
(2)
|
(14)
|
(13)
|
(3)
|
1
|
|
| Income from Continuing Operations |
28
|
25
|
22
|
8
|
(11)
|
(7)
|
(6)
|
7
|
(6)
|
9
|
0
|
(6)
|
5
|
(12)
|
(17)
|
(26)
|
(74)
|
(75)
|
(58)
|
(47)
|
(1)
|
15
|
(17)
|
(16)
|
26
|
13
|
45
|
42
|
16
|
13
|
6
|
7
|
7
|
9
|
18
|
27
|
24
|
16
|
15
|
23
|
13
|
23
|
22
|
24
|
24
|
23
|
22
|
12
|
11
|
8
|
3
|
(2)
|
(11)
|
(4)
|
(2)
|
7
|
15
|
10
|
17
|
10
|
15
|
18
|
14
|
(13)
|
(17)
|
(14)
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(0)
|
1
|
2
|
2
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
2
|
3
|
(0)
|
0
|
(2)
|
(3)
|
0
|
(1)
|
(0)
|
(1)
|
(1)
|
1
|
10
|
12
|
7
|
|
| Equity Earnings Affiliates |
45
|
46
|
48
|
3
|
(9)
|
(27)
|
(25)
|
(25)
|
(13)
|
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
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
72
N/A
|
71
-1%
|
69
-3%
|
11
-84%
|
(20)
N/A
|
(33)
-64%
|
(31)
+5%
|
(19)
+40%
|
(20)
-7%
|
11
N/A
|
0
-97%
|
(8)
N/A
|
4
N/A
|
(14)
N/A
|
(19)
-35%
|
(26)
-36%
|
(73)
-179%
|
(73)
+1%
|
(56)
+22%
|
(47)
+17%
|
(3)
+94%
|
14
N/A
|
(18)
N/A
|
(17)
+6%
|
23
N/A
|
11
-52%
|
43
+281%
|
40
-7%
|
14
-65%
|
11
-23%
|
4
-65%
|
4
+19%
|
6
+37%
|
8
+33%
|
17
+115%
|
25
+43%
|
24
-3%
|
16
-36%
|
14
-8%
|
23
+58%
|
12
-46%
|
22
+80%
|
22
-3%
|
23
+5%
|
23
+3%
|
22
-5%
|
21
-6%
|
11
-46%
|
11
+1%
|
10
-15%
|
6
-41%
|
2
-72%
|
(7)
N/A
|
(2)
+70%
|
(3)
-70%
|
4
N/A
|
8
+112%
|
(4)
N/A
|
5
N/A
|
(2)
N/A
|
7
N/A
|
17
+125%
|
16
-8%
|
3
-78%
|
43
+1 160%
|
35
-18%
|
|
| EPS (Diluted) |
3.89
N/A
|
3.83
-2%
|
3.67
-4%
|
0.57
-84%
|
-1.08
N/A
|
-1.78
-65%
|
-1.68
+6%
|
-0.91
+46%
|
-1.02
-12%
|
0.54
N/A
|
0.01
-98%
|
-0.36
N/A
|
0.22
N/A
|
-0.7
N/A
|
-0.79
-13%
|
-1.17
-48%
|
-3.03
-159%
|
-2.77
+9%
|
-2.15
+22%
|
-1.78
+17%
|
-0.1
+94%
|
0.51
N/A
|
-0.68
N/A
|
-0.63
+7%
|
0.89
N/A
|
0.44
-51%
|
1.61
+266%
|
1.52
-6%
|
0.53
-65%
|
0.41
-23%
|
0.21
-49%
|
0.22
+5%
|
0.23
+5%
|
0.31
+35%
|
0.66
+113%
|
0.96
+45%
|
0.93
-3%
|
0.59
-37%
|
0.54
-8%
|
0.86
+59%
|
0.47
-45%
|
0.85
+81%
|
0.83
-2%
|
0.87
+5%
|
0.9
+3%
|
0.85
-6%
|
0.81
-5%
|
0.43
-47%
|
0.43
N/A
|
0.37
-14%
|
0.21
-43%
|
0.06
-71%
|
-0.25
N/A
|
-0.07
+72%
|
-0.13
-86%
|
0.14
N/A
|
0.3
+114%
|
-0.13
N/A
|
0.18
N/A
|
-0.05
N/A
|
0.28
N/A
|
0.64
+129%
|
0.59
-8%
|
0.13
-78%
|
1.64
+1 162%
|
1.35
-18%
|
|