Sarine Tech U77
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Financials
Sarine Technologies Ltd. Annual Report 2025
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21 tablesGroup / Company financial position — FY2025 source
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Property, plant and equipmentUS dollars thousands | 5,475 | 6,545 | 625 | 1,161 | PDF p. 78 |
| Investment property (Real Estate)US dollars thousands | 3,806 | 3,914 | -- | -- | PDF p. 78 |
| Right-of-use assetsUS dollars thousands | 3,148 | 4,594 | 1,426 | 2,267 | PDF p. 78 |
| Intangible assetsUS dollars thousands | 7,139 | 7,044 | 1,103 | 801 | PDF p. 78 |
| Long-term trade receivablesUS dollars thousands | 862 | 1,740 | 29 | 296 | PDF p. 78 |
| Investment in equity accounted investeeUS dollars thousands | 6,462 | -- | 6,462 | -- | PDF p. 78 Label p. 78 |
| Investment in subsidiariesUS dollars thousands | -- | -- | 48,733 | 44,636 | PDF p. 78 |
| Other non-current assetsUS dollars thousands | 3,195 | 2,247 | -- | -- | PDF p. 78 |
| Deferred tax assetsUS dollars thousands | 390 | 593 | -- | -- | PDF p. 78 |
| Total non-current assetsUS dollars thousands | 30,477 | 26,677 | 58,378 | 49,161 | PDF p. 78 |
| InventoriesUS dollars thousands | 4,098 | 6,731 | 1,830 | 4,242 | PDF p. 78 |
| Trade receivablesUS dollars thousands | 6,571 | 9,195 | 4,562 | 5,369 | PDF p. 78 |
| Other current assetsUS dollars thousands | 1,653 | 3,006 | 417 | 694 | PDF p. 78 |
| Short-term investments (bank deposits)US dollars thousands | 31 | 8,071 | -- | 2,051 | PDF p. 78 Label p. 78 |
| Cash and cash equivalentsUS dollars thousands | 21,998 | 18,229 | 8,718 | 7,916 | PDF p. 78 |
| Total current assetsUS dollars thousands | 34,351 | 45,232 | 15,527 | 20,272 | PDF p. 78 |
| Total assetsUS dollars thousands | 64,828 | 71,909 | 73,905 | 69,433 | PDF p. 78 |
| Equity | |||||
| Share capital*US dollars thousands | -- | -- | -- | -- | PDF p. 78 |
| Share premium and reservesUS dollars thousands | 35,487 | 35,396 | 35,487 | 35,396 | PDF p. 78 |
| Translation reserveUS dollars thousands | (4,682) | (4,436) | (4,682) | (4,436) | PDF p. 78 |
| Dormant shares, at costUS dollars thousands | (6,766) | (6,502) | (6,766) | (6,502) | PDF p. 78 |
| Retained earningsUS dollars thousands | 29,114 | 32,991 | 29,114 | 32,991 | PDF p. 78 |
| Total equityUS dollars thousands | 53,153 | 57,449 | 53,153 | 57,449 | PDF p. 78 |
| Liabilities | |||||
| Long-term lease liabilitiesUS dollars thousands | 2,750 | 4,165 | 1,236 | 2,178 | PDF p. 78 |
| Financial instrumentUS dollars thousands | 1,100 | 1,100 | -- | -- | PDF p. 78 |
| Other non-current liabilitiesUS dollars thousands | 584 | 457 | 160 | 107 | PDF p. 78 |
| Total non-current liabilitiesUS dollars thousands | 4,434 | 5,722 | 1,396 | 2,285 | PDF p. 78 |
| Trade payablesUS dollars thousands | 1,437 | 1,440 | 1,626 | 2,350 | PDF p. 78 |
| Other payablesUS dollars thousands | 4,697 | 5,512 | 17,109 | 6,343 | PDF p. 78 |
| Current lease liabilitiesUS dollars thousands | 1,002 | 1,326 | 539 | 788 | PDF p. 78 |
| Current tax payableUS dollars thousands | 11 | 161 | -- | -- | PDF p. 78 |
| Warranty provisionUS dollars thousands | 94 | 299 | 82 | 218 | PDF p. 78 |
| Total current liabilitiesUS dollars thousands | 7,241 | 8,738 | 19,356 | 9,699 | PDF p. 78 |
| Total liabilitiesUS dollars thousands | 11,675 | 14,460 | 20,752 | 11,984 | PDF p. 78 |
| TOTAL EQUITY AND LIABILITIESUS dollars thousands | 64,828 | 71,909 | 73,905 | 69,433 | PDF p. 78 |
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Definitions & sources
Original report: PDF p. 78 ↗
Group income and comprehensive income — FY2025 source
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2025 source | |||
| RevenueUS dollars thousands | 29,586 | 39,201 | PDF p. 79 |
| Cost of salesUS dollars thousands | (13,206) | (16,205) | PDF p. 79 |
| Gross profitUS dollars thousands | 16,380 | 22,996 | PDF p. 79 |
| Research and development expensesUS dollars thousands | (6,034) | (6,721) | PDF p. 79 |
| Sales and marketing expensesUS dollars thousands | (9,113) | (11,011) | PDF p. 79 |
| General and administrative expensesUS dollars thousands | (3,758) | (5,295) | PDF p. 79 |
| Gain from lease terminationUS dollars thousands | 604 | -- | PDF p. 79 |
| Loss from operationsUS dollars thousands | (1,921) | (31) | PDF p. 79 |
| Finance incomeUS dollars thousands | 779 | 1,976 | PDF p. 79 |
| Finance expenseUS dollars thousands | (872) | (496) | PDF p. 79 |
| Net finance (expenses) incomeUS dollars thousands | (93) | 1,480 | PDF p. 79 |
| Loss of equity accounted investeeUS dollars thousands | (228) | -- | PDF p. 79 |
| Profit (Loss) before income taxUS dollars thousands | (2,242) | 1,449 | PDF p. 79 |
| Income tax expenseUS dollars thousands | (1,635) | (375) | PDF p. 79 |
| Profit (Loss) for the yearUS dollars thousands | (3,877) | 1,074 | PDF p. 79 |
| Item that will not be reclassified subsequently to profit or loss | |||
| Remeasurement of defined benefit planUS dollars thousands | (31) | 11 | PDF p. 79 |
| Item that will not be reclassified subsequently to profit or loss: | |||
| Foreign currency translation differences for foreign operationsUS dollars thousands | (246) | (187) | PDF p. 79 |
| Total comprehensive income (loss) for the yearUS dollars thousands | (4,154) | 898 | PDF p. 79 |
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Definitions & sources
Original report: PDF p. 79 ↗
Basic / diluted EPS — FY2025 source
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Basic earnings (loss) per share (US cents)US cents per share | (1.14) | 0.31 | PDF p. 79 |
| Diluted earnings (loss) per share (US cents)US cents per share | (1.14) | 0.31 | PDF p. 79 |
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Definitions & sources
Original report: PDF p. 79 ↗
Group and Company changes in equity — FY2025 source — ending2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group and Company — Share capital (no par value) | 2024Group and Company — Share premium and reserves | 2024Group and Company — Translation reserve | 2024Group and Company — Retained earnings | 2024Group and Company — Dormant shares | 2024Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2025 source | |||||||
| Balance at January 1, 2024US dollars thousands | -- | 35,264 | (4,249) | 34,488 | (5,183) | 60,320 | PDF p. 80 |
| Profit for the year ended December 31, 2024US dollars thousands | -- | -- | -- | 1,074 | -- | 1,074 | PDF p. 80 Label p. 80 |
| Other comprehensive income (loss) for the year ended December 31, 2024US dollars thousands | -- | 11 | (187) | -- | -- | (176) | PDF p. 80 Label p. 80 |
| Dormant shares, acquired at cost (5,639,274 shares)US dollars thousands | -- | -- | -- | -- | (1,319) | (1,319) | PDF p. 80 Label p. 80 |
| Share-based payment expensesUS dollars thousands | -- | 117 | -- | -- | -- | 117 | PDF p. 80 |
| Exercise of optionsUS dollars thousands | -- | 4 | -- | -- | -- | 4 | PDF p. 80 |
| Dividend paidUS dollars thousands | -- | -- | -- | (2,571) | -- | (2,571) | PDF p. 80 |
| Balance at December 31, 2024US dollars thousands | -- | 35,396 | (4,436) | 32,991 | (6,502) | 57,449 | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Group and Company changes in equity — FY2025 source — ending2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company — Share capital (no par value) | 2025Group and Company — Share premium and reserves | 2025Group and Company — Translation reserve | 2025Group and Company — Retained earnings | 2025Group and Company — Dormant shares | 2025Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2025 source | |||||||
| Loss for the year ended December 31, 2025US dollars thousands | -- | -- | -- | (3,877) | -- | (3,877) | PDF p. 80 Label p. 80 |
| Other comprehensive loss for the year ended December 31, 2025US dollars thousands | -- | (31) | (246) | -- | -- | (277) | PDF p. 80 Label p. 80 |
| Dormant shares, acquired at cost (1,455,900 shares)US dollars thousands | -- | -- | -- | -- | (264) | (264) | PDF p. 80 Label p. 80 |
| Share-based payment expensesUS dollars thousands | -- | 110 | -- | -- | -- | 110 | PDF p. 80 |
| Exercise of optionsUS dollars thousands | -- | 12 | -- | -- | -- | 12 | PDF p. 80 |
| Balance at December 31, 2025US dollars thousands | -- | 35,487 | (4,682) | 29,114 | (6,766) | 53,153 | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Group cash flows — FY2025 source
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit (Loss) for the yearUS dollars thousands | (3,877) | 1,074 | PDF p. 81 |
| Adjustments for: | |||
| Share-based payment expensesUS dollars thousands | 110 | 117 | PDF p. 81 |
| Income tax expenseUS dollars thousands | 1,635 | 375 | PDF p. 81 |
| Depreciation of property, plant & equipment and right-of-use assetsUS dollars thousands | 2,436 | 2,995 | PDF p. 81 |
| Depreciation of investment property (Real Estate)US dollars thousands | 108 | 124 | PDF p. 81 |
| Amortisation of intangible assets and write off of goodwillUS dollars thousands | 595 | 1,028 | PDF p. 81 |
| Change in financial instrument liabilityUS dollars thousands | -- | (627) | PDF p. 81 |
| Change in financial assets fair valueUS dollars thousands | 100 | (498) | PDF p. 81 |
| Other net finance incomeUS dollars thousands | (409) | (405) | PDF p. 81 |
| Loss of equity accounted investeeUS dollars thousands | 228 | -- | PDF p. 81 |
| Gain on lease terminationUS dollars thousands | (604) | -- | PDF p. 81 |
| Revaluation of lease liabilities from exchange rate differencesUS dollars thousands | 302 | (26) | PDF p. 81 |
| Changes in working capital | |||
| InventoriesUS dollars thousands | 2,633 | 3,789 | PDF p. 81 |
| Trade receivablesUS dollars thousands | 3,502 | 4,290 | PDF p. 81 |
| Other current assetsUS dollars thousands | 340 | (1,614) | PDF p. 81 |
| Rent deposit, netUS dollars thousands | -- | (105) | PDF p. 81 |
| Trade payablesUS dollars thousands | (3) | (341) | PDF p. 81 |
| Other liabilitiesUS dollars thousands | (1,149) | 108 | PDF p. 81 |
| Employee benefitsUS dollars thousands | 127 | (22) | PDF p. 81 |
| Income tax paidUS dollars thousands | (1,617) | (781) | PDF p. 81 |
| Net cash from operating activitiesUS dollars thousands | 4,457 | 9,481 | PDF p. 81 |
| Cash flows (used in) from investing activities Acquisition of property, plant and equipmentUS dollars thousands | (365) | (569) | PDF p. 81 Label p. 81 |
| Investment in affiliated company, see Note 29US dollars thousands | (6,690) | -- | PDF p. 81 |
| Proceeds from realisation of property, plant and equipmentUS dollars thousands | 32 | 69 | PDF p. 81 |
| Short-terms investmentsUS dollars thousands | 8,040 | (7,437) | PDF p. 81 |
| Capitalisation of development expensesUS dollars thousands | (690) | (922) | PDF p. 81 |
| Interest receivedUS dollars thousands | 759 | 825 | PDF p. 81 |
| Net cash (used in) from investing activitiesUS dollars thousands | 1,086 | (8,034) | PDF p. 81 |
| Cash flows used in financing activities Proceeds from exercise of share optionsUS dollars thousands | 12 | 4 | PDF p. 81 Label p. 81 |
| Purchase of Company's shares by the CompanyUS dollars thousands | (264) | (1,319) | PDF p. 81 |
| Dividends paidUS dollars thousands | -- | (2,571) | PDF p. 81 |
| Payment of lease liabilitiesUS dollars thousands | (1,172) | (1,263) | PDF p. 81 |
| Interest paidUS dollars thousands | (271) | (309) | PDF p. 81 |
| Net cash used in financing activitiesUS dollars thousands | (1,695) | (5,458) | PDF p. 81 |
| Net increase (decrease) in cash and cash equivalentsUS dollars thousands | 3,848 | (4,011) | PDF p. 81 |
| Cash and cash equivalents at beginning of yearUS dollars thousands | 18,229 | 22,351 | PDF p. 81 |
| Effect of exchange rate fluctuations on cash and cash equivalentsUS dollars thousands | (79) | (111) | PDF p. 81 |
| Cash and cash equivalents at end of yearUS dollars thousands | 21,998 | 18,229 | PDF p. 81 |
| Supplementary cash flows information: Significant non- cash transaction: Right-of-use asset recognized with corresponding lease liabilityUS dollars thousands | 1,757 | -- | PDF p. 81 Label p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
Financial Highlights
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Financial highlights | ||||||
| RevenuesUS$ '000 | 29,586 | 39,201 | 42,944 | 58,763 | 62,116 | PDF p. 17 |
| Gross ProfitUS$ '000 | 16,380 | 22,996 | 27,371 | 40,623 | 45,827 | PDF p. 17 |
| Net ProfitUS$ '000 | (3,877) | 1,074 | (2,802) | 8,798 | 16,456 | PDF p. 17 |
| Gross Profit Margin% | 55.4 | 58.7 | 63.7 | 69.1 | 73.8 | PDF p. 17 |
| Net Profit Margin% | -13.1 | 2.7 | -6.5 | 15.0 | 26.5 | PDF p. 17 |
| Cash and InvestmentsUS$ '000 | 22,029 | 26,300 | 22,985 | 35,991 | 36,413 | PDF p. 17 |
| EPS (US cents, fully diluted)US cents | (1.14) | 0.31 | (0.80) | 2.51 | 4.69 | PDF p. 17 |
| Dividend Per Share (US cents)US cents per share | 0.00 | 0.75 | 1.25 | 3.00 | 2.50 | PDF p. 17 |
| Net Cash from (used in) Operating ActivitiesUS$ '000 | 4,457 | 9,481 | (956) | 12,898 | 21,129 | PDF p. 17 |
| EBITDAUS$ '000 | 1,218 | 4,116 | 1,537 | 13,571 | 22,206 | PDF p. 17 |
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Original report: PDF p. 17 ↗
Basic EPS weighted share inputs — Note18 FY2025 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Basic EPS weighted share inputs | |||
| Issued ordinary shares at January 1shares | 342,129,281 | 347,744,435 | PDF p. 100 |
| Effect of share options exercisedshares | 10,712 | 18,387 | PDF p. 100 |
| Effect dormant shares purchasedshares | (724,966) | (4,444,025) | PDF p. 100 |
| Weighted average number of ordinary shares at December 31shares | 341,415,027 | 343,318,797 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Full shares, not thousands. Current diluted shares equal basic shares; original -- option effect preserved.
Diluted EPS weighted share inputs — Note18 FY2025 source
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Diluted EPS weighted share inputs | |||
| Weighted average number of ordinary shares (basic)shares | 341,415,027 | 343,318,797 | PDF p. 100 |
| Effect of share options on issueshares | -- | 717 | PDF p. 100 |
| Weighted average number of ordinary shares (diluted) at December 31shares | 341,415,027 | 343,319,514 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Full shares, not thousands. Current diluted shares equal basic shares; original -- option effect preserved.
Group / Company financial position — FY2023 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Property, plant and equipmentUS dollars thousands | 11,637 | 10,431 | 1,827 | 1,395 | PDF p. 55 |
| Right-of-use assetsUS dollars thousands | 6,032 | 3,918 | 3,014 | 3,751 | PDF p. 55 |
| Intangible assetsUS dollars thousands | 7,752 | 2,051 | -- | 70 | PDF p. 55 |
| Long-term trade receivablesUS dollars thousands | 573 | 1,006 | 276 | 653 | PDF p. 55 |
| Investment in subsidiariesUS dollars thousands | -- | -- | 43,576 | 36,022 | PDF p. 55 |
| Long-term income tax receivableUS dollars thousands | 500 | 500 | -- | -- | PDF p. 55 |
| Deferred tax assetsUS dollars thousands | 568 | 499 | -- | -- | PDF p. 55 |
| Total non-current assetsUS dollars thousands | 27,062 | 18,405 | 48,693 | 41,891 | PDF p. 55 |
| InventoriesUS dollars thousands | 10,520 | 6,859 | 7,324 | 4,388 | PDF p. 55 |
| Trade receivablesUS dollars thousands | 14,652 | 21,476 | 5,819 | 6,733 | PDF p. 55 |
| Other current assetsUS dollars thousands | 1,383 | 2,496 | 699 | 1,553 | PDF p. 55 |
| Short-term investments (bank deposits)US dollars thousands | 634 | 10,684 | -- | 9,627 | PDF p. 55 Label p. 55 |
| Cash and cash equivalentsUS dollars thousands | 22,351 | 25,307 | 7,644 | 17,216 | PDF p. 55 |
| Total current assetsUS dollars thousands | 49,540 | 66,822 | 21,486 | 39,517 | PDF p. 55 |
| Total assetsUS dollars thousands | 76,602 | 85,227 | 70,179 | 81,408 | PDF p. 55 |
| Equity | |||||
| Share capital*US dollars thousands | -- | -- | -- | -- | PDF p. 55 |
| Share premium and reservesUS dollars thousands | 35,264 | 34,490 | 35,264 | 34,490 | PDF p. 55 |
| Translation reserveUS dollars thousands | (4,249) | (4,217) | (4,249) | (4,217) | PDF p. 55 |
| Dormant shares, at costUS dollars thousands | (5,183) | (4,829) | (5,183) | (4,829) | PDF p. 55 |
| Retained earningsUS dollars thousands | 34,488 | 41,652 | 34,488 | 41,652 | PDF p. 55 |
| Total equityUS dollars thousands | 60,320 | 67,096 | 60,320 | 67,096 | PDF p. 55 |
| Liabilities | |||||
| Long-term lease liabilitiesUS dollars thousands | 5,392 | 3,557 | 2,847 | 3,524 | PDF p. 55 |
| Financial instrumentUS dollars thousands | 1,727 | -- | -- | -- | PDF p. 55 |
| Employee benefitsUS dollars thousands | 153 | 194 | 143 | 184 | PDF p. 55 |
| Total non-current liabilitiesUS dollars thousands | 7,272 | 3,751 | 2,990 | 3,708 | PDF p. 55 |
| Trade payablesUS dollars thousands | 1,781 | 3,220 | 1,848 | 2,544 | PDF p. 55 |
| Other payablesUS dollars thousands | 5,655 | 8,220 | 4,127 | 7,139 | PDF p. 55 |
| Current lease liabilitiesUS dollars thousands | 1,240 | 812 | 687 | 682 | PDF p. 55 |
| Current tax payableUS dollars thousands | 46 | 1,769 | -- | -- | PDF p. 55 |
| Warranty provisionUS dollars thousands | 288 | 359 | 207 | 239 | PDF p. 55 |
| Total current liabilitiesUS dollars thousands | 9,010 | 14,380 | 6,869 | 10,604 | PDF p. 55 |
| Total liabilitiesUS dollars thousands | 16,282 | 18,131 | 9,859 | 14,312 | PDF p. 55 |
| Total equity and liabilitiesUS dollars thousands | 76,602 | 85,227 | 70,179 | 81,408 | PDF p. 55 |
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Definitions & sources
Original report: PDF p. 55 ↗
Group income and comprehensive income — FY2023 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2023 source | |||
| RevenueUS dollars thousands | 42,944 | 58,763 | PDF p. 56 |
| Cost of salesUS dollars thousands | (15,573) | (18,140) | PDF p. 56 |
| Gross profitUS dollars thousands | 27,371 | 40,623 | PDF p. 56 |
| Research and development expensesUS dollars thousands | (8,597) | (8,675) | PDF p. 56 |
| Sales and marketing expensesUS dollars thousands | (12,843) | (12,425) | PDF p. 56 |
| General and administrative expensesUS dollars thousands | (7,775) | (8,525) | PDF p. 56 |
| (Loss) Profit from operationsUS dollars thousands | (1,844) | 10,998 | PDF p. 56 |
| Finance incomeUS dollars thousands | 960 | 1,011 | PDF p. 56 |
| Finance expenseUS dollars thousands | (384) | (674) | PDF p. 56 |
| Net finance incomeUS dollars thousands | 576 | 337 | PDF p. 56 |
| (Loss) Profit before income taxUS dollars thousands | (1,268) | 11,335 | PDF p. 56 |
| Income tax expenseUS dollars thousands | (1,534) | (2,537) | PDF p. 56 |
| (Loss) Profit for the yearUS dollars thousands | (2,802) | 8,798 | PDF p. 56 |
| Item that will not be reclassified subsequently to profit or loss: | |||
| Remeasurement of defined benefit planUS dollars thousands | 37 | 50 | PDF p. 56 |
| Item that may be reclassified subsequently to profit or loss: | |||
| Foreign currency translation differences for foreign operationsUS dollars thousands | (32) | (1,321) | PDF p. 56 |
| Total comprehensive (loss) income for the yearUS dollars thousands | (2,797) | 7,527 | PDF p. 56 |
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Definitions & sources
Original report: PDF p. 56 ↗
Basic / diluted EPS — FY2023 source
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Basic (loss) earnings per share (US cents)US cents per share | (0.80) | 2.51 | PDF p. 56 |
| Diluted (loss) earnings per share (US cents)US cents per share | (0.80) | 2.51 | PDF p. 56 |
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Definitions & sources
Original report: PDF p. 56 ↗
Group and Company changes in equity — FY2023 source — ending2022
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group and Company — Share capital (no par value) | 2022Group and Company — Share premium and reserves | 2022Group and Company — Translation reserve | 2022Group and Company — Retained earnings | 2022Group and Company — Dormant shares | 2022Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2023 source | |||||||
| Balance at January 1, 2022US dollars thousands | -- | 34,014 | (2,896) | 43,368 | (3,935) | 70,551 | PDF p. 57 |
| Profit for the year ended December 31, 2022US dollars thousands | -- | -- | -- | 8,798 | -- | 8,798 | PDF p. 57 Label p. 57 |
| Other comprehensive loss for the year ended December 31, 2022US dollars thousands | -- | 50 | (1,321) | -- | -- | (1,271) | PDF p. 57 Label p. 57 |
| Dormant shares, acquired at cost (3,119,500 shares)US dollars thousands | -- | -- | -- | -- | (894) | (894) | PDF p. 57 Label p. 57 |
| Share-based payment expensesUS dollars thousands | -- | 264 | -- | -- | -- | 264 | PDF p. 57 |
| Exercise of optionsUS dollars thousands | -- | 162 | -- | -- | -- | 162 | PDF p. 57 |
| Dividend paidUS dollars thousands | -- | -- | -- | (10,514) | -- | (10,514) | PDF p. 57 |
| Balance at December 31, 2022US dollars thousands | -- | 34,490 | (4,217) | 41,652 | (4,829) | 67,096 | PDF p. 57 |
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Definitions & sources
Original report: PDF p. 57 ↗
Group and Company changes in equity — FY2023 source — ending2023
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group and Company — Share capital (no par value) | 2023Group and Company — Share premium and reserves | 2023Group and Company — Translation reserve | 2023Group and Company — Retained earnings | 2023Group and Company — Dormant shares | 2023Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2023 source | |||||||
| Profit for the year ended December 31, 2023US dollars thousands | -- | -- | -- | (2,802) | -- | (2,802) | PDF p. 57 Label p. 57 |
| Other comprehensive income for the year ended December 31, 2023US dollars thousands | -- | 37 | (32) | -- | -- | 5 | PDF p. 57 Label p. 57 |
| Dormant shares, acquired at cost (1,558,200 shares)US dollars thousands | -- | -- | -- | -- | (354) | (354) | PDF p. 57 Label p. 57 |
| Share-based payment expensesUS dollars thousands | -- | 323 | -- | -- | -- | 323 | PDF p. 57 |
| Capital infusion by minority shareholder in consolidated subsidiaryUS dollars thousands | -- | 343 | -- | -- | -- | 343 | PDF p. 57 Label p. 57 |
| Exercise of optionsUS dollars thousands | -- | 71 | -- | -- | -- | 71 | PDF p. 57 |
| Dividend paidUS dollars thousands | -- | -- | -- | (4,362) | -- | (4,362) | PDF p. 57 |
| Balance at December 31, 2023US dollars thousands | -- | 35,264 | (4,249) | 34,488 | (5,183) | 60,320 | PDF p. 57 |
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Definitions & sources
Original report: PDF p. 57 ↗
Group cash flows — FY2023 source
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group cash flows — FY2023 source | |||
| Cash flows (used in) from operating activities (Loss) Profit for the yearUS dollars thousands | (2,802) | 8,798 | PDF p. 58 Label p. 58 |
| Adjustments for: | |||
| Share-based payment expensesUS dollars thousands | 323 | 264 | PDF p. 58 |
| Income tax expenseUS dollars thousands | 1,534 | 2,537 | PDF p. 58 |
| Depreciation of property, plant & equipment and right-of-use assetsUS dollars thousands | 2,933 | 2,380 | PDF p. 58 |
| Amortisation of intangible assetsUS dollars thousands | 456 | 193 | PDF p. 58 |
| Net finance expenseUS dollars thousands | (535) | 169 | PDF p. 58 |
| Revaluation of lease liabilities from exchange rate differencesUS dollars thousands | (144) | (630) | PDF p. 58 |
| Changes in working capital | |||
| InventoriesUS dollars thousands | (3,661) | 421 | PDF p. 58 |
| Trade receivablesUS dollars thousands | 7,257 | 1,279 | PDF p. 58 |
| Other current assetsUS dollars thousands | 1,113 | (895) | PDF p. 58 |
| Trade payablesUS dollars thousands | (1,439) | 896 | PDF p. 58 |
| Other liabilitiesUS dollars thousands | (2,661) | (235) | PDF p. 58 |
| Employee benefitsUS dollars thousands | (4) | (81) | PDF p. 58 |
| Income tax paidUS dollars thousands | (3,326) | (2,198) | PDF p. 58 |
| Net cash (used in) from operating activitiesUS dollars thousands | (956) | 12,898 | PDF p. 58 |
| Cash flows from (used in) investing activities | |||
| Acquisition of property, plant and equipmentUS dollars thousands | (1,483) | (986) | PDF p. 58 |
| Acquisition of consolidated subsidiary, see Note 29US dollars thousands | (5,741) | -- | PDF p. 58 |
| Proceeds from realisation of property, plant and equipmentUS dollars thousands | 56 | 51 | PDF p. 58 |
| Short-terms investmentsUS dollars thousands | 10,050 | (1,629) | PDF p. 58 |
| Interest receivedUS dollars thousands | 799 | 388 | PDF p. 58 |
| Net cash from (used in) investing activitiesUS dollars thousands | 3,681 | (2,176) | PDF p. 58 |
| Cash flows used in financing activities Proceeds from exercise of share optionsUS dollars thousands | 71 | 162 | PDF p. 58 Label p. 58 |
| Purchase of Company's shares by the CompanyUS dollars thousands | (354) | (894) | PDF p. 58 |
| Capital infusion by minority shareholder in consolidated subsidiaryUS dollars thousands | 343 | -- | PDF p. 58 |
| Dividends paidUS dollars thousands | (4,362) | (10,514) | PDF p. 58 |
| Payment of lease liabilitiesUS dollars thousands | (1,115) | (970) | PDF p. 58 |
| Interest paidUS dollars thousands | (240) | (150) | PDF p. 58 |
| Net cash used in financing activitiesUS dollars thousands | (5,657) | (12,366) | PDF p. 58 |
| Net decrease in cash and cash equivalentsUS dollars thousands | (2,932) | (1,644) | PDF p. 58 |
| Cash and cash equivalents at beginning of yearUS dollars thousands | 25,307 | 27,358 | PDF p. 58 |
| Effect of exchange rate fluctuations on cash and cash equivalentsUS dollars thousands | (24) | (407) | PDF p. 58 |
| Cash and cash equivalents at end of yearUS dollars thousands | 22,351 | 25,307 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Group / Company financial position — FY2021 source
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Assets | |||||
| Property, plant and equipmentUS dollars thousands | 11,348 | 12,279 | 1,199 | 1,208 | PDF p. 55 |
| Right-of-use assetsUS dollars thousands | 4,719 | 5,050 | 4,450 | 4,439 | PDF p. 55 |
| Intangible assetsUS dollars thousands | 2,244 | 2,563 | 138 | 206 | PDF p. 55 |
| Long-term trade receivablesUS dollars thousands | 700 | 843 | 89 | 8 | PDF p. 55 |
| Investment in subsidiariesUS dollars thousands | — | — | 46,308 | 44,151 | PDF p. 55 |
| Long-term income tax receivableUS dollars thousands | 500 | 1,168 | — | — | PDF p. 55 |
| Deferred tax assetsUS dollars thousands | 573 | 604 | — | — | PDF p. 55 |
| Total non-current assetsUS dollars thousands | 20,084 | 22,507 | 52,184 | 50,012 | PDF p. 55 |
| InventoriesUS dollars thousands | 7,280 | 6,247 | 3,544 | 3,277 | PDF p. 55 |
| Trade receivablesUS dollars thousands | 23,061 | 21,966 | 7,154 | 5,136 | PDF p. 55 |
| Other current assetsUS dollars thousands | 1,601 | 1,591 | 669 | 763 | PDF p. 55 |
| Short-term investments (bank deposits)US dollars thousands | 9,055 | 6,303 | 7,017 | 6,303 | PDF p. 55 Label p. 55 |
| Restricted short-term investments (bank deposits)US dollars thousands | — | 171 | — | 62 | PDF p. 55 Label p. 55 |
| Cash and cash equivalentsUS dollars thousands | 27,358 | 21,081 | 13,128 | 10,146 | PDF p. 55 |
| Total current assetsUS dollars thousands | 68,355 | 57,359 | 31,512 | 25,687 | PDF p. 55 |
| Total assetsUS dollars thousands | 88,439 | 79,866 | 83,696 | 75,699 | PDF p. 55 |
| Equity | |||||
| Share capital*US dollars thousands | — | — | — | — | PDF p. 55 |
| Share premium and reservesUS dollars thousands | 34,014 | 33,149 | 34,014 | 33,149 | PDF p. 55 |
| Translation reserveUS dollars thousands | (2,896) | (2,699) | (2,896) | (2,699) | PDF p. 55 |
| Dormant shares, at costUS dollars thousands | (3,935) | (3,689) | (3,935) | (3,689) | PDF p. 55 |
| Retained earningsUS dollars thousands | 43,368 | 33,930 | 43,368 | 33,930 | PDF p. 55 |
| Total equityUS dollars thousands | 70,551 | 60,691 | 70,551 | 60,691 | PDF p. 55 |
| Liabilities | |||||
| Long-term bank financingUS dollars thousands | — | 3,141 | — | 1,149 | PDF p. 55 |
| Long-term lease liabilitiesUS dollars thousands | 4,743 | 5,344 | 4,625 | 4,914 | PDF p. 55 |
| Employee benefitsUS dollars thousands | 275 | 243 | 264 | 232 | PDF p. 55 |
| Total non-current liabilitiesUS dollars thousands | 5,018 | 8,728 | 4,889 | 6,295 | PDF p. 55 |
| Trade payablesUS dollars thousands | 2,324 | 1,868 | 1,892 | 1,828 | PDF p. 55 |
| Other payablesUS dollars thousands | 7,735 | 5,903 | 5,408 | 5,869 | PDF p. 55 |
| Short-term bank financingUS dollars thousands | — | 280 | — | 95 | PDF p. 55 |
| Current lease liabilitiesUS dollars thousands | 974 | 1,023 | 722 | 724 | PDF p. 55 |
| Current tax payableUS dollars thousands | 1,504 | 1,083 | — | — | PDF p. 55 |
| Warranty provisionUS dollars thousands | 333 | 290 | 234 | 197 | PDF p. 55 |
| Total current liabilitiesUS dollars thousands | 12,870 | 10,447 | 8,256 | 8,713 | PDF p. 55 |
| Total liabilitiesUS dollars thousands | 17,888 | 19,175 | 13,145 | 15,008 | PDF p. 55 |
| Total equity and liabilitiesUS dollars thousands | 88,439 | 79,866 | 83,696 | 75,699 | PDF p. 55 |
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Definitions & sources
Original report: PDF p. 55 ↗
Group income and comprehensive income — FY2021 source
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2021 source | |||
| RevenueUS dollars thousands | 62,116 | 40,968 | PDF p. 56 |
| Cost of salesUS dollars thousands | (16,289) | (13,898) | PDF p. 56 |
| Gross profitUS dollars thousands | 45,827 | 27,070 | PDF p. 56 |
| Research and development expensesUS dollars thousands | (8,099) | (6,796) | PDF p. 56 |
| Sales and marketing expensesUS dollars thousands | (11,038) | (9,773) | PDF p. 56 |
| General and administrative expensesUS dollars thousands | (7,754) | (5,738) | PDF p. 56 |
| Other income from lease terminationUS dollars thousands | 267 | — | PDF p. 56 |
| Profit from operationsUS dollars thousands | 19,203 | 4,763 | PDF p. 56 |
| Finance incomeUS dollars thousands | 80 | 219 | PDF p. 56 |
| Finance expenseUS dollars thousands | (346) | (974) | PDF p. 56 |
| Net finance expenseUS dollars thousands | (266) | (755) | PDF p. 56 |
| Profit before income taxUS dollars thousands | 18,937 | 4,008 | PDF p. 56 |
| Income tax expenseUS dollars thousands | (2,481) | (1,643) | PDF p. 56 |
| Profit for the yearUS dollars thousands | 16,456 | 2,365 | PDF p. 56 |
| Item that will not be reclassified subsequently to profit or loss: | |||
| Remeasurement of defined benefit planUS dollars thousands | 24 | 9 | PDF p. 56 |
| Item that may be reclassified subsequently to profit or loss: | |||
| Foreign currency translation differences for foreign operationsUS dollars thousands | (197) | (262) | PDF p. 56 |
| Total comprehensive income for the yearUS dollars thousands | 16,283 | 2,112 | PDF p. 56 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 56 ↗
Basic / diluted EPS — FY2021 source
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Basic earnings per share (US cents)US cents per share | 4.70 | 0.68 | PDF p. 56 |
| Diluted earnings per share (US cents)US cents per share | 4.69 | 0.68 | PDF p. 56 |
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Definitions & sources
Original report: PDF p. 56 ↗
Group and Company changes in equity — FY2021 source — ending2020
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group and Company — Share capital (no par value) | 2020Group and Company — Share premium and reserves | 2020Group and Company — Translation reserve | 2020Group and Company — Retained earnings | 2020Group and Company — Dormant shares | 2020Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2021 source | |||||||
| Balance at January 1, 2020US dollars thousands | — | 32,819 | (2,437) | 32,614 | (3,576) | 59,420 | PDF p. 57 |
| Profit for the year ended December 31, 2020US dollars thousands | — | — | — | 2,365 | — | 2,365 | PDF p. 57 Label p. 57 |
| Other comprehensive loss for the year ended December 31, 2020US dollars thousands | — | 9 | (262) | — | — | (253) | PDF p. 57 Label p. 57 |
| Dormant shares, acquired at cost (763,800 shares)US dollars thousands | — | — | — | — | (113) | (113) | PDF p. 57 Label p. 57 |
| Share-based payment expensesUS dollars thousands | — | 321 | — | — | — | 321 | PDF p. 57 |
| Dividend paidUS dollars thousands | — | — | — | (1,049) | — | (1,049) | PDF p. 57 |
| Balance at December 31, 2020US dollars thousands | — | 33,149 | (2,699) | 33,930 | (3,689) | 60,691 | PDF p. 57 |
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Definitions & sources
Original report: PDF p. 57 ↗
Group and Company changes in equity — FY2021 source — ending2021
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group and Company — Share capital (no par value) | 2021Group and Company — Share premium and reserves | 2021Group and Company — Translation reserve | 2021Group and Company — Retained earnings | 2021Group and Company — Dormant shares | 2021Group and Company — Total | Source |
|---|---|---|---|---|---|---|---|
| Group and Company changes in equity — FY2021 source | |||||||
| Profit for the year ended December 31, 2021US dollars thousands | — | — | — | 16,456 | — | 16,456 | PDF p. 57 Label p. 57 |
| Other comprehensive loss for the year ended December 31, 2021US dollars thousands | — | 24 | (197) | — | — | (173) | PDF p. 57 Label p. 57 |
| Dormant shares, acquired at cost (550,000 shares)US dollars thousands | — | — | — | — | (246) | (246) | PDF p. 57 Label p. 57 |
| Share-based payment expensesUS dollars thousands | — | 382 | — | — | — | 382 | PDF p. 57 |
| Exercise of optionsUS dollars thousands | — | 459 | — | — | — | 459 | PDF p. 57 |
| Dividend paidUS dollars thousands | — | — | — | (7,018) | — | (7,018) | PDF p. 57 |
| Balance at December 31, 2021US dollars thousands | — | 34,014 | (2,896) | 43,368 | (3,935) | 70,551 | PDF p. 57 |
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Definitions & sources
Original report: PDF p. 57 ↗
Group cash flows — FY2021 source
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearUS dollars thousands | 16,456 | 2,365 | PDF p. 58 |
| Adjustments for: | |||
| Share-based payment expensesUS dollars thousands | 382 | 321 | PDF p. 58 |
| Income tax expenseUS dollars thousands | 2,481 | 1,643 | PDF p. 58 |
| Depreciation of property, plant & equipment and right-of-use assetsUS dollars thousands | 2,684 | 2,969 | PDF p. 58 |
| Amortisation of intangible assetsUS dollars thousands | 319 | 1,062 | PDF p. 58 |
| Net finance expenseUS dollars thousands | 127 | 251 | PDF p. 58 |
| Revaluation of lease liabilities from exchange rate differencesUS dollars thousands | 40 | 417 | PDF p. 58 |
| Revaluation of bank financing liabilities from exchange rate differencesUS dollars thousands | (32) | 202 | PDF p. 58 |
| Changes in working capital | |||
| InventoriesUS dollars thousands | (1,033) | (795) | PDF p. 58 |
| Trade receivablesUS dollars thousands | (952) | (7,458) | PDF p. 58 |
| Other current assetsUS dollars thousands | (10) | 208 | PDF p. 58 |
| Trade payablesUS dollars thousands | 456 | (2,039) | PDF p. 58 |
| Other liabilitiesUS dollars thousands | 1,540 | (307) | PDF p. 58 |
| Employee benefitsUS dollars thousands | 32 | 9 | PDF p. 58 |
| Income tax paidUS dollars thousands | (1,361) | (645) | PDF p. 58 |
| Net cash from (used in) operating activitiesUS dollars thousands | 21,129 | (1,797) | PDF p. 58 |
| Cash flows (used in) from investing activities Acquisition of property, plant and equipmentUS dollars thousands | (895) | (765) | PDF p. 58 Label p. 58 |
| Proceeds from realisation of property, plant and equipmentUS dollars thousands | 138 | 102 | PDF p. 58 |
| Short-terms investmentsUS dollars thousands | (2,752) | 4,887 | PDF p. 58 |
| Restricted short-term investments (bank deposits)US dollars thousands | 171 | (171) | PDF p. 58 |
| Interest receivedUS dollars thousands | 80 | 219 | PDF p. 58 |
| Net cash (used in) from investing activitiesUS dollars thousands | (3,258) | 4,272 | PDF p. 58 |
| Cash flows (used in) from financing activities Proceeds from exercise of share optionsUS dollars thousands | 459 | — | PDF p. 58 Label p. 58 |
| Purchase of Company's shares by the CompanyUS dollars thousands | (246) | (113) | PDF p. 58 |
| Repayment of bank financingUS dollars thousands | (3,389) | — | PDF p. 58 |
| Receipt of bank financingUS dollars thousands | — | 3,220 | PDF p. 58 |
| Dividends paidUS dollars thousands | (7,018) | (1,049) | PDF p. 58 |
| Payment of lease liabilitiesUS dollars thousands | (1,193) | (1,266) | PDF p. 58 |
| Interest paidUS dollars thousands | (218) | (399) | PDF p. 58 |
| Net cash (used in) from financing activitiesUS dollars thousands | (11,605) | 393 | PDF p. 58 |
| Net increase in cash and cash equivalentsUS dollars thousands | 6,266 | 2,868 | PDF p. 58 |
| Cash and cash equivalents at beginning of yearUS dollars thousands | 21,081 | 18,284 | PDF p. 58 |
| Effect of exchange rate fluctuations on cash and cash equivalentsUS dollars thousands | 11 | (71) | PDF p. 58 |
| Cash and cash equivalents at end of yearUS dollars thousands | 27,358 | 21,081 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Where the money comes from
Segment information
By business
Revenue composition (product vs maintenance and services) 2 lines
| Item / unit | 2025year ended December 31 | 2024year ended December 31 | Source |
|---|---|---|---|
| Composition | |||
| Revenue from sale of products 1US$ thousands | 20,558 | 28,452 | PDF p. 92 |
| Revenue from maintenance and services 2.US$ thousands | 9,028 | 10,749 | PDF p. 92 |
Notes
1 Includes GalaxyTM family revenues associated with customer-owned machines.
2 Includes annual maintenance contracts and service centers and gemological labs revenues.
Total row printed without label: 29,586 39,201
By geography
Group Revenues by geographic distribution, 2025 1 lines
| Item / unit | 2025India | 2025Africa | 2025Europe | 2025USA | 2025Israel | 2025Other (see note) | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|
| Group Revenues by geography | ||||||||
| 2025US$ thousands | 14,777 | 4,547 | 2,034 | 4,904 | 956 | 2,368 | 29,586 | PDF p. 91 |
Notes
The Group operates in only one operating segment. Revenues broken out by geographic distribution.
1 Other territories represent sales to the rest of the world, primarily Asia, excluding India.
For the year ended December 31, 2025, one customer accounted for approximately 12% of Group revenue. For the year ended December 31, 2024, one customer accounted for approximately 13% of Group revenue.
Group Revenues by geographic distribution, 2024 1 lines
| Item / unit | 2024India | 2024Africa | 2024Europe | 2024USA | 2024Israel | 2024Other (see note) | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|
| Group Revenues by geography | ||||||||
| 2024US$ thousands | 19,389 | 5,066 | 3,115 | 5,032 | 1,599 | 5,000 | 39,201 | PDF p. 91 |
Notes
The Group operates in only one operating segment.
1 Other territories represent sales to the rest of the world, primarily Asia, excluding India.
Group Property, plant and equipment by geographic region, December 31, 2025 1 lines
| Item / unit | 2025India | 2025USA | 2025Israel | 2025Other (see note) | 2025Consolidated | Source |
|---|---|---|---|---|---|---|
| Group Property, plant and equipment | ||||||
| December 31, 2025US$ thousands | 3,919 | 4,788 | 567 | 7 | 9,281 | PDF p. 91 |
Notes
Depreciated cost of property, plant and equipment and investment property is allocated to each geographical region.
1 Other territories represent sales to the rest of the world, primarily Asia, excluding India.
Group Property, plant and equipment by geographic region, December 31, 2024 1 lines
| Item / unit | 2024India | 2024USA | 2024Israel | 2024Other (see note) | 2024Consolidated | Source |
|---|---|---|---|---|---|---|
| Group Property, plant and equipment | ||||||
| December 31, 2024US$ thousands | 4,549 | 5,058 | 835 | 17 | 10,459 | PDF p. 91 |
Notes
1 Other territories represent sales to the rest of the world, primarily Asia, excluding India.
Debt
Borrowings
Lease liabilities maturity analysis (Note 24C)
| Item / unit | 2025Group | 2025Company | Source |
|---|---|---|---|
| Lease liabilities maturity | |||
| Less than one yearUS$ thousands | 1,002 | 539 | PDF p. 107 |
| One to five yearsUS$ thousands | 2,321 | 1,236 | PDF p. 107 |
| More than five yearsUS$ thousands | 429 | -- | PDF p. 107 |
| Balance at December 31, 2025US$ thousands | 3,752 | 1,775 | PDF p. 107 |
Notes
Maturity analysis of the Group's and Company's lease liabilities as at December 31, 2025.
Discount rates used to measure lease liability ranged between 1.6% and 8.0% (Note 24, p.106).
Borrowing notes 2 tables
Lease liabilities on statement of financial position
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Long-term lease liabilitiesUS$ thousands | 2,750 | 4,165 | 1,236 | 2,178 | PDF p. 78 |
| Current liabilities | |||||
| Current lease liabilitiesUS$ thousands | 1,002 | 1,326 | 539 | 788 | PDF p. 78 |
Lease liabilities by currency (Note 23 currency risk exposure)
| Item / unit | 2025Group NIS | 2025Group Rupee | 2024Group NIS | 2024Group Rupee | Source |
|---|---|---|---|---|---|
| Group currency exposure | |||||
| Current and long-term lease liabilitiesUS$ thousands | (1,775) | (59) | (2,971) | (78) | PDF p. 105 |
Notes
Company NIS exposure: (1,775) for 2025 and (2,966) for 2024.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | Going into 2025, the Group’s dividend policy provided for the distribution of 80% of the Group's net profits. | Group, FY2025 | PDF p. 24 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| interim dividend in 2025 | The Company paid no interim dividend in 2025 and no final dividend has been recommended by the Board of Directors, in view of the loss incurred for the year. | Company, FY2025 | PDF p. 24 |
| Dividend Per Share (US cents) | 0.00 US cents per share | FY2025 total | PDF p. 17 |
| Dividend Per Share (US cents) | 0.75 US cents per share | FY2024 total (comparative) | PDF p. 17 |
| Note 17 dividends | For the year ended December 31, 2024, the Company declared and paid dividends in the amount of US$ 2.6 million, amounting to US cents 0.75 per share. | Company, FY2024 comparative | PDF p. 99 |
Extracted from Sarine Technologies Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | KPMG Somekh Chaikin | Group and Company, FY2025 | PDF p. 74 |
| Audit firm (joint) | Chaikin, Cohen, Rubin and Co. | Group and Company, FY2025 | PDF p. 77 |
| Ehud Lev | Ehud Lev | Somekh Chaikin (KPMG member firm) | PDF p. 77 |
| Ilan Chaikin | Ilan Chaikin | Chaikin, Cohen, Rubin and Co. | PDF p. 77 |
| Report date | March 24, 2026 | Joint auditors' report · As at 2026-03-24 | PDF p. 77 |
| Opinion | In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Group and the Company as of December 31, 2025 | Group and Company, FY2025 | PDF p. 74 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition | Due to the description above and due to the materiality of the revenues to the Company's financial statements, we identified revenues recognition as a key audit matter. | Group, FY2025 | PDF p. 74 |
| Goodwill impairment test (GCAL USA) | Due to the significant amount of judgment applied by management when developing the estimates, we identified the goodwill impairment test of GCAL USA, the subsequent determination of the present value of the put option and the valuation of the call option as a key audit matter. | Group, FY2025 | PDF p. 75 |
| Purchase Price Allocation – Investment in Kitov.ai | Given the estimation uncertainty and the potential material impact on the consolidated financial statements, we identified the allocation of purchase consideration for the Kitov.ai. investment as a Key Audit Matter. | Group, FY2025 | PDF p. 76 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Statement by Directors | there are reasonable grounds to assume that the Group will be able to pay its debts as and when they fall due | Group | PDF p. 73 |
Extracted from Sarine Technologies Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Sarine Technologies Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Financial years end31December. Monetary amounts are US dollars thousands; EPS uses US cents per share. Separate Group /Company financial position and a single shared Group andCompany equity statement are printed. Group income and cash flow statements are printed; separate Company income and cash flow are not disclosed. Original double dashes and no-par-value share capital notation are preserved.
The latest report provides a five-year financial highlights seriesFY2021–FY2025. Annual primary originals provide FY2020–FY2025. The explicit FY2025 dividendperShare0.00 in highlights is retained; no numeric amount is inferred from a narrative recommendation.
EPS sharecounts inNote18 are fullordinary shares. No parvalue sharecapital and dormantshare nomenclature retain the original report labels.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.