Appointments and government companies

Revenue

₪100 million

Net result

Loss of ₪47 thousand

Net result, 2024

Loss of ₪13 thousand

Operating profit (loss)

Loss of ₪89 thousand

Total assets

₪57.9 million

Equity

₪6.7 million

Payroll cost

₪8.8 million

• The report is presented as a statement of receipts and payments (cash basis) rather than a regular profit and loss statement, in accordance with the government companies regulations.
• Most of the revenue comes from Ministry of Tourism support (for projects and for administration) and from income from the Dead Sea Works and other sources.
• The company does not operate for profit, and its activity is funded mostly by the Ministry of Tourism and local authorities in the Dead Sea area.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

Revenue

₪7.7 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

₪0

Total assets

₪1.2 million

Equity

₪0

• The company manages a sector study fund in trust and does not operate for profit; its revenue (management fees from the fund) always equals its expenses, so net profit is zero in all the years presented.
• The reported revenue (NIS 7,724 thousand) is the management fees the management company collected from the fund's assets, and does not represent the fund's total assets, which came to about NIS 2,833,393 thousand.
• The company is exempt by law from maintaining equity, since it manages only a sector provident fund; the company's board operates with an incomplete composition because state directors have not been appointed.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• External director: Bella Reznik

Revenue

₪1.4 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Total assets

₪153 thousand

Equity

₪0

Payroll cost

₪35 thousand

• The company is a government company managing a nonprofit sector study fund; the reported revenue (NIS 1,382 thousand) is management fees the company collects from the fund, not the fund's own assets.
• There is an ongoing process of privatizing the company under a decision of the Ministerial Committee on Privatization, including the possibility of transferring management of the fund to the Histadrut labor federation.
• In 2025 transfers out of the fund grew and competition in the provident fund market increased, which affects the amount accumulated in the fund.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Roni Yehiel Aharon Gnud
• External director: Yitzhak Shilon

Revenue

₪7.1 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

₪0

Total assets

₪706 thousand

Equity

₪0

Payroll cost

₪1.2 million

• The company's revenue is management fees from the study fund only (equal to actual expenses), and does not include the fund's managed assets (about NIS 2,146,902 thousand).
• On May 15, 2024 the ministerial committee decided to privatize the state's holdings in the company; as of the report date the procedure has not yet been completed.
• Close to the date the statements were approved (January–February 2026) the security situation with Iran escalated, and its effect on the company's activity cannot yet be assessed.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yohanan Or

Revenue

₪1.9 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

₪0

Total assets

₪339 thousand

Equity

₪0

Employees (The company has no employees; operations are outsourced)

0

• Revenue is management fees the company collects from the study fund, not the fund's own assets, which stood at about NIS 499,685 thousand net as of December 31, 2025.
• The company is jointly owned by the State of Israel (50%) and the New General Federation of Workers (Histadrut) (50%), and all of its revenue is collected from management fees charged on the basis of actual expenses.
• The company has no equity (zero share capital) and therefore cannot distribute a dividend; the company's profit for the year is zero in line with this policy.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Salman Ibrahim

Revenue

₪11.2 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Total assets

₪2.4 million

Equity

₪0

Payroll cost

₪2.3 million

• The company is a government company that does not operate for profit and does not distribute dividends, so the profit for the year is zero in all the years presented.
• The reported 'revenue' (NIS 11,160 thousand for 2025) is the management fees the management company collects from the study fund (0.38% of assets on average), not the size of the fund's own assets, which stood at about NIS 3,476,500 thousand.
• The report does not mention any doubt about the company's ability to continue as a going concern, and does not state a total number of employees for the company itself.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• External director: Orly Nabel

• Director: Eli Bitan
• Director: Sophie Ofer
• Director: Daniel Padon
• Director: Nili Sagiv

Revenue

₪59.2 million

Net result

Profit of ₪7.7 million

Net result, 2024

Profit of ₪5.2 million

Total assets

₪244 million

Equity

₪98 million

Payroll cost

₪92.9 million

Dividend paid

₪2.8 million

• The company is owned by the Government of Israel and provides insurance coverage for state assets as well as management services to the government and bodies under its control, with most of the insurance liabilities backed by indemnity letters from the state.
• Revenue from insurance services fell from NIS 67,256 thousand to NIS 59,190 thousand, mainly due to lower insurance premiums for fuel reserves and Netivei Israel assets.
• Alongside insurance revenue, the company has significant revenue from management services to the government (presented as 'other income, net'), which rose from NIS 165,905 thousand to NIS 191,754 thousand.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: As'ad Jubran
• Director: Michal Esther Abadi Boiangiu
• Director: Tzipi Kreindler
• Director: Oded Shamir
• External director: Ilan Artzi
• External director: Orsan Salman
• External director: Doron Shahar

Revenue

—

Net result

-

Total assets

₪123 million

Equity

₪123 million

Employees

0

• The company has not yet completed a structural separation from the study fund, so its financial statements are prepared together with the fund's statements, and the company has no separate revenue or profit; management fees are collected only up to the amount of actual expenses.
• The 'revenue' field reflects the total management fees collected from the fund's assets (an expense in the fund's report), and is not the revenue of a separate management company; the 'profit' shown in the fund's report (excess of income over expenses) belongs to the members, not to the company.
• After the balance sheet date, on February 28, 2026, a joint military operation by Israel and the US against Iran broke out and a home-front state of emergency was declared, creating uncertainty about future effects that cannot yet be assessed.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• External director: Maya Toizer

Revenue

₪3.4 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

₪0

Total assets

₪622 thousand

Equity

₪0

Employees

3

Payroll cost

₪657 thousand

• The company's revenue is management fees collected from the study fund's members (on an actual cost basis) and does not reflect the total managed assets of the fund; the company itself is not a for-profit body and does not distribute dividends.
• The fund's total net managed assets as of December 31, 2025 came to NIS 718,791 thousand, compared with NIS 663,176 thousand in 2024.
• The note on events after the reporting period states that following a military conflict between Israel and the US and Iran that broke out in February 2026, there is uncertainty about its effect on the activity of the company and the provident fund, and its extent cannot yet be assessed.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• External director: Dror Moran

• Director: Michael (Miki) Ben David
• Director: Victor Maimon
• Director: Avner Markovich
• Director: Dor Amit
• Director: Ronen Peretz

• Director: David Hadari
• Director: Eldad Mizrahi
• Director: Yorai Matzlawi

• Director: Binyamin Eyal
• Director: Liron Yehoshua

Revenue

₪1.8 billion

Net result

Profit of ₪8.3 million

Net result, 2024

Profit of ₪8.1 million

Operating profit (loss)

₪8.1 million

Total assets

₪246 million

Equity

₪141 million

Dividend paid

₪5.1 million

• Sales revenue fell sharply in 2025 (about NIS 1,802,728 thousand) compared with 2024 (about NIS 2,936,624 thousand), against the background of reduced coal use.
• The auditors' report includes an emphasis-of-matter paragraph regarding the debt balance of the Israel Electric Corporation (the main customer), the agreement with it and the reduction in coal use.
• In 2025 a loan from the Israel Electric Corporation of NIS 510,000 thousand was repaid, as was credit from banking corporations of NIS 193,200 thousand.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Wissam Abu-Maaruf
• Director: Haim Abergel
• Director: Masha Aloni
• Director: Liat Mor Ben Uziel
• Director: Iris Shahar
• Director: Meir Spiegler Ben Ori

Revenue

₪12.1 million

Net result

Loss of ₪2.5 million

Net result, 2024

Loss of ₪2.5 million

Operating profit (loss)

Loss of ₪3 million

Total assets

₪33.9 million

Equity

₪31 million

• The company is a government company (a subsidiary of the Government of Israel, more than 50% held) engaged in geophysical research.
• The company has income from rent and management fees from investment property of NIS 5,551 thousand, alongside income from geophysical activity.
• The company faces a claim from a former employee for bodily injury of about NIS 1 million, and the company has insurance coverage for most of it.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Moshe Barkat
• Director: Nurit Ze'evi
• Director: Sally Levy
• Director: Hussein Fares

Revenue

₪26.7 billion

Net result

Profit of ₪4.8 billion

Net result, 2024

Profit of ₪3.4 billion

Operating profit (loss)

₪4.6 billion

Total assets

₪107 billion

Equity

—

Employees (As of December 31, 2025, including employees on unpaid leave)

11,090

Payroll cost

₪4.4 billion

• The company is a government company whose tariffs are set by the Electricity Authority, and its activity includes material regulatory deferral accounts under IFRS 14.
• In 2024 the company had significant one-time other income from the sale of the Eshkol power station site (about NIS 6,783 million), which affects the comparison between the years.
• The company has a material actuarial obligation for budgetary pensions and other post-employment benefits, and in 2025 it wrote off its investment in the Cyber Gym company due to the latter's financial difficulties.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Michal Ogolnik
• Director: Doron Arbeli
• Director: Reuven Ben Shahar
• Director: Ephraim Hanig
• Director: Rikad Kheireddine
• Director: Dvora Hasid
• Director: Einav Hashai
• Director: Michal Levy
• Director: Uzi Landau
• Director: Paul Landes
• Director: Shimon Lankri
• Director: Michal Kedmi
• Director: Meir Shamra
• External director: Amos Kalaji
• External director: Reuven Schiff
• External director: Michael Schneider

• Director: Re'ut Haddad

Revenue

₪65.7 million

Net result

Loss of ₪3.3 million

Net result, 2024

Profit of ₪2.9 million

Operating profit (loss)

Loss of ₪7 million

Total assets

₪69.5 million

Equity

₪34.8 million

Payroll cost

₪49 million

• The company is a government public benefit company funded mainly by the Ministry of Energy and the Agricultural Research Organization.
• In 2025 a deficit of NIS 3,290 thousand was recorded, compared with a surplus of NIS 2,905 thousand in 2024, against the background of lower revenue and higher research costs.
• There are contingent liabilities and legal claims concerning land and construction without a permit, as well as regulatory uncertainty regarding the transfer of the activity of the National Center for Mariculture to the Agricultural Research Organization.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Eli Benshimol
• Director: Hadas Esther Lubinsky Knipel
• Director: Oren Peled
• Director: Tomer Rosner

Revenue

₪5.8 billion

Net result

Loss of ₪741 million

Net result, 2024

Profit of ₪215 million

Operating profit (loss)

Loss of ₪1.4 billion

Total assets

₪24 billion

Equity

—

Payroll cost

₪609 million

• In 2025 the financial statements recorded an impairment of the company's assets and equity of about NIS 1,367 million (before tax), following the amendment of the Water Authority's regulatory rules that took effect on January 1, 2026.
• The company is wholly owned by the State of Israel and has not distributed a dividend from its profits for decades; the water sector is run as a closed financial system.
• The company is in a dispute with the Water Authority over the amendment of the new water rules, including the filing of an administrative petition, due to concern about harm to its financial stability.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Andrey Ozen
• Director: Dafna Biran
• Director: Dmitri Brook
• Director: Ya'akov Kahlon
• Director: Yitzhak Lax
• Director: Eti Menasherov Aluf
• Director: Said Samur
• Director: Haim Perluk
• Director: Yaron Klein
• Director: Moshe Shimoni
• External director: Hila Peer
• External director: Shoshana Tzaig

Revenue

₪21.3 million

Net result

Profit of ₪10.5 million

Net result, 2024

Profit of ₪17.9 million

Operating profit (loss)

₪2.4 million

Total assets

₪347 million

Equity

₪329 million

• The company operates in water desalination and the construction of desalination facilities, mainly through companies held in Cyprus (Limassol and Larnaca)
• On October 14, 2024 a dividend distribution of NIS 294,000 thousand to shareholders was approved, which was actually paid in November 2024, not in 2025
• There is a motion to certify a class action against the company totaling about NIS 3 million, mentioned as an emphasis of matter in the auditor's report

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Tamar Cohen
• Director: Yossi Cohen
• Director: Sarit Manor Fried
• Director: Daniel Sofer

Revenue

₪17.3 billion

Net result

Profit of ₪27.2 million

Net result, 2024

Profit of ₪29.6 million

Operating profit (loss)

₪437 million

Total assets

₪2.8 billion

Equity

₪355 million

Employees (Direct employees as of December 31, 2025; about 463 including contract workers)

412

• The company holds the only system operator license in Israel's electricity sector and operates without an order backlog and without competition in its field of activity.
• The Israel Electric Corporation is a material customer of the company, accounting for about 64% of the company's revenue as of the report date.
• The auditors' report includes an emphasis of matter regarding a dispute between the company and the Government Companies Authority over how revenue from electricity sales to the Israel Electric Corporation is presented.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Naomi Bilitz Ben Ami
• Director: Tal Basks
• Director: Sami Baklash
• Director: Adi Guetta Koren
• Director: Idit Handelsman Benaori
• Director: Idan Moalem
• Director: Naomi Sagiv
• Director: Maimon Shmila

Revenue

₪610 million

Net result

Loss of ₪8.3 million

Net result, 2024

Loss of ₪5.6 million

Operating profit (loss)

₪97.1 million

Total assets

₪2.9 billion

Equity

₪1.1 billion

Employees (As of December 2025)

3

• The company began commercial operation (electricity sales) of Unit 70 on January 26, 2025, and of Unit 80 on January 9, 2026, after the reporting date.
• The parent company injected NIS 650 million of capital into the company in August 2024 and a further NIS 350 million in June 2025 against the issue of shares.
• Comprehensive income for the year (NIS 72,523 thousand) includes movements in regulatory deferral account balances of NIS 80,863 thousand, while the loss before these movements was NIS 8,340 thousand.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Sami Bisan
• Director: Eli Benshimol
• Director: Ya'akov Maman
• Director: Yossi Rofe
• Director: Meir Spiegler Ben Ori
• Director: Liat Spilinger Kravetz

Revenue

₪1.1 billion

Net result

Profit of ₪269 million

Net result, 2024

Profit of ₪322 million

Operating profit (loss)

₪441 million

Total assets

₪8.2 billion

Equity

₪2.2 billion

Payroll cost

₪36.6 million

Dividend paid

₪120 million

• The company's revenue in 2025 fell by about 7% compared with 2024, mainly due to lower export revenue under the mediation agreement with Chevron and a reduction in the transmission tariff.
• On November 26, 2025 the company's board declared a dividend distribution of NIS 120 million, subject to the approval of the Government Companies Authority, which has not yet been received.
• The amount of wages and related expenses shown in operating expenses refers to part of the company's total payroll expenses and not necessarily to the whole.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yitzhak Arieli
• Director: Yaniv Zohar
• Director: Shosh Yaakobi
• Director: Avraham Natan
• Director: Nuha Farran
• Director: Benny Tzarfati
• Director: Moshe Kalchin
• Director: Sigal Shealtiel Halevi
• External director: Moti Elmaliah
• External director: Tal Shaviv Weinberg

Revenue

₪103 million

Net result

Profit of ₪28.3 million

Net result, 2024

Profit of ₪36 million

Operating profit (loss)

₪30.5 million

Total assets

₪571 million

Equity

₪528 million

Payroll cost

₪19.8 million

• The decrease in revenue in 2025 compared with 2024 results mainly from damage to the Bazan complex in Operation Rising Lion.
• The company is wholly owned by Energy Infrastructures Ltd., the national infrastructure company of Israel's fuel sector.
• There is uncertainty about the arrangement for assets and contingent liabilities after the end of the company's concession period, which expired in January 2007.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

Revenue

₪495 million

Net result

Profit of ₪28 thousand

Net result, 2024

Profit of ₪13.3 million

Operating profit (loss)

Loss of ₪3.7 million

Total assets

₪446 million

Equity

₪251 million

• The company's revenue from performing works fell from NIS 500,207 thousand in 2024 to NIS 494,872 thousand in 2025.
• The company is wholly owned by Mekorot (the government water company), and in 2025 a loan to the parent company of NIS 17,621 thousand was repaid in full.
• The company's activity in developing and operating water infrastructure is affected by government decisions and by the allocation of Mekorot tenders.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ronit Even Zahav Maytin
• Director: Dalit Braun
• Director: Itai Derai
• Director: Avi Winter
• Director: Kobi Cohen
• Director: Maor Sharabi

Revenue

₪412 million

Net result

Profit of ₪52 million

Net result, 2024

Loss of ₪41 million

Operating profit (loss)

₪92.3 million

Total assets

₪3.1 billion

Equity

₪1.4 billion

• The company is a government company operating in crude oil storage, storage and dispensing of distillates, pumping and port services.
• There are discussions between the State of Israel and the company about the arrangements that will apply at the end of the company's concession, which may have a material effect on the value of the company's assets.
• In 2025 a memorandum of understanding was signed with the Haifa Municipality regarding the cleaning and removal of tanks at the terminal, which materially affected the financial results (among other things, a provision for removing and cleaning tanks and a capital loss from derecognizing tanks).

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Haim Avitan
• Director: Yitzhak Burba
• Director: Niv Polani
• Director: Ronen Plot
• External director: Eyal Yunian
• External director: Odelia Forer-Weizman

• Director: Aya Saad

Revenue

₪1.2 billion

Net result

Profit of ₪394 million

Net result, 2024

Profit of ₪168 million

Operating profit (loss)

₪352 million

Total assets

₪3.8 billion

Equity

₪2.8 billion

Employees

1,215

Payroll cost

₪566 million

Dividend paid

₪300 million

• The company's revenue rose from about NIS 1,049.8 million in 2024 to about NIS 1,231.8 million in 2025.
• In 2025 a previously accumulated impairment of fixed assets of about NIS 205 million was reversed and credited to profit under other expenses (income).
• The board approved a dividend distribution to the state of NIS 300 million out of 2025 profits, of which 200 million was paid in December 2025 and the balance (100 million) was paid in February 2026.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Shai Ashkenazi
• Director: Haj Bilal
• Director: Admon Ben Lish
• Director: Oren Golan
• Director: Muhammad Sayed Ahmad
• Director: Shabtai Tzur
• Director: Anat Shukrun
• Director: Shaul Schneider
• Director: Hila Tirosh

Revenue

₪1.3 billion

Net result

Profit of ₪226 million

Net result, 2024

Profit of ₪271 million

Operating profit (loss)

₪297 million

Total assets

₪15.5 billion

Equity

₪10.1 billion

Employees (In the company itself; 386 together with the marine transport companies)

154

• Net profit fell from about NIS 270.6 million in 2024 to about NIS 226.4 million in 2025, mainly due to higher financing expenses and taxes.
• A permanent agreement between the company and Ashdod Port Company Ltd. regulating the use of the transferred land has not yet been signed (emphasis of matter in the auditor's report).
• The company is exposed to the effects of the war, including Operation Roaring Lion against Iran, which began on February 28, 2026, after the balance sheet date.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Amir Givati
• Director: Yehezkel Halawi
• Director: Ronit Lerner
• Director: Vladimir Simon
• Director: Shadi Abed
• Director: Shmulik Ovadia
• External director: Renana Yardeni
• External director: Alice Eden

Revenue

₪3.1 billion

Net result

Profit of ₪768 thousand

Net result, 2024

Profit of ₪13 million

Operating profit (loss)

Loss of ₪25.4 million

Total assets

₪1.6 billion

Equity

₪289 million

Employees (As of December 31, 2025, not including employees of manpower contractors)

264

Payroll cost

₪105 million

• The company receives fixed funding from the Ministry of Transport for its organizational budget, and as of December 31, 2025 there is a commitment of NIS 168 million for 2026.
• Revenue from the project management segment grew to about NIS 2,938 million in 2025, compared with about NIS 2,458 million in 2024.
• After the balance sheet date, in February 2026, war broke out between Israel and Iran, which may cause delays and cost increases in projects under construction.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Aviv Barnett
• Director: Alex Dan
• Director: Dan Chen
• Director: Ofra Cohen
• Director: Michal Saar
• Director: Eyal Shoker

Revenue

₪5.3 billion

Net result

Loss of ₪4.6 million

Net result, 2024

Profit of ₪3.8 million

Operating profit (loss)

₪3.8 million

Total assets

₪4.2 billion

Equity

₪8.6 million

Employees (As of December 31, 2025, not including employees of manpower contractors)

461

Payroll cost

₪162 million

• The company's revenue is funded entirely from the state budget through the Ministry of Transport, which is the company's only customer.
• The company went from a net profit of about NIS 3,766 thousand in 2024 to a net loss of about NIS 4,616 thousand in 2025, mainly due to a loss on an embedded derivative.
• The company is responsible for planning and building light rail and metro lines in the Tel Aviv metropolitan area and does not accumulate profits or losses from its core activity, which is funded by the state.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yodfat Afek Erezi
• Director: Uzi Bitan
• Director: Hagit Ben Yosef
• Director: Ovadia Goldstein
• Director: Avi Deutschman
• Director: Sivan Detauker
• Director: Daoud Khoury
• Director: Gilad Rabinovich

Revenue

₪1.4 billion

Net result

Profit of ₪1.2 million

Net result, 2024

Profit of ₪2.6 million

Total assets

₪609 million

Equity

₪49.7 million

Payroll cost

₪55.1 million

• The company operates as an execution and supervision arm on behalf of the state in the field of transport infrastructure, and its revenue comes mainly from providing services to the state.
• The report notes the effects of the Swords of Iron war, Operation Rising Lion and Operation Roaring Lion on the company's activity and projects, including delays and cost increases.
• Revenue from providing services to the state grew from about NIS 1,229 million in 2024 to about NIS 1,391 million in 2025, mainly due to the growing volume of infrastructure projects.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Abir Asadi
• Director: Esti Appelbaum Polani
• Director: Areen Khir Bisan
• Director: Benny Kashriel
• Director: Erez Lazover
• Director: Ronit Matzliah
• Director: Mordechai Mordechai
• Director: Yossi Sharabi

Revenue

₪6.7 billion

Net result

Profit of ₪33.5 million

Net result, 2024

Profit of ₪19.2 million

Operating profit (loss)

₪16.7 million

Total assets

₪1.7 billion

Equity

₪417 million

• Revenue from work performed grew by about 10.2% in 2025 compared with 2024, in line with the company's work plan.
• Equity rose to about NIS 417 million as of December 31, 2025, compared with about NIS 385 million at the end of 2024, mainly due to comprehensive income for the period.
• In July 2025 a new collective agreement was signed with the company's employees, based on the general collective agreement in the economy.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Nihad Bashir
• Director: Sar-Shalom Jerbi
• Director: Tal Gal-Or
• Director: Kati Morali
• Director: Esther Matza Rom
• Director: Yigal Amadi
• Director: Ben Zion Figelson
• Director: Yaffa Farber
• Director: Tzadok Radker
• Director: Yitzhak Shoham

Revenue

₪3.7 billion

Net result

Profit of ₪47.9 million

Net result, 2024

Profit of ₪79.5 million

Operating profit (loss)

Loss of ₪26.9 million

Total assets

₪47.6 billion

Equity

₪1.8 billion

Employees (As of December 31, 2025)

5,145

• Most of the company's activity is funded by grants and support from the Government of Israel, including income from ongoing operating fees and development grants; the balance of deferred income for government grants stood at about NIS 43.75 billion as of December 31, 2025.
• The company recorded an operating loss of about NIS 26.9 million in 2025, compared with an operating profit of about NIS 27.1 million in 2024, and a net profit of about NIS 47.9 million, compared with about NIS 79.5 million the year before.
• The company has never distributed a dividend since its founding, and its profits are allocated in accordance with the approvals of the Government Companies Authority.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Jamil Abu Hala
• Director: Itai Ben Avi
• Director: David Cohen
• Director: Udi Levy
• Director: Avi Levy
• Director: Tali Morali
• Director: Avner Flor
• External director: Chen Cohen Cohen
• External director: Dafna Ein Dor

Revenue

₪119 million

Net result

Profit of ₪5.1 million

Net result, 2024

Profit of ₪7.2 million

Operating profit (loss)

₪12.5 million

Total assets

₪204 million

Equity

-₪9 million

• The company has negative equity of about NIS 8,976 thousand as of December 31, 2025, mainly due to loans from the controlling shareholder (Israel Ports Company) of about NIS 169,687 thousand.
• The Swords of Iron war and security events (including a military operation against Iran in February 2026) affected economic activity in the area and led to a temporary decrease in ships entering Ashdod Port.
• The company faces pending legal claims totaling an estimated $1,816 thousand, for a claim concerning damage during a ship maneuver.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Daniela Ostrovsky Pressler
• Director: Shaul Har-Zvi
• Director: Himat Younes
• Director: Tzachi Nahum
• Director: Pinchas Tzruya
• Director: Assi Crispin

Revenue

₪139 million

Net result

Profit of ₪4.4 million

Net result, 2024

Profit of ₪18.9 million

Operating profit (loss)

₪11.3 million

Total assets

₪239 million

Equity

₪32.8 million

• Operating profit and net profit fell significantly compared with the previous year, among other things due to higher operating and maintenance expenses.
• 2024 included one-time income of about NIS 8.7 million for a purchase price adjustment from the Haifa Port Company, which does not exist in 2025.
• The company has material transactions with the controlling shareholder (Israel Ports Development and Assets Company Ltd.), including a shareholder loan, a lease and usage fees.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: David Blatstein
• Director: Sami Kheir
• Director: Sarit Tir Bachar
• Director: Oron Mesilati
• Director: Pinchas Tzruya
• Director: Siglit Noy Kama

• Director: Esti Attias
• Director: Ravit Amoyal
• Director: Guy Barlev
• Director: Adi Hershtat
• Director: Moni Katz
• Director: Ya'akov Salem

Revenue

$7.4 billion

Net result

Profit of $712 million

Net result, 2024

Profit of $493 million

Operating profit (loss)

$751 million

Total assets

—

Equity

$2.4 billion

Employees (IAI plant (excluding subsidiaries), active employees)

10,348

Dividend paid

$447 million

• The company had sales of about $7,384 million in 2025, an increase of about 20.8% over 2024.
• Most of the company's activity is in the military and defense market (about 87% of revenue), and most sales are exports (about 66%).
• In the second quarter of 2025 a dividend of about $447 million was paid to shareholders out of the company's profits up to and including 2023, and an additional dividend of about $242 million was declared in December 2025.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report. The company reports in dollars.

• Director: Amit Edri
• Director: Eliyahu Edri
• Director: Eyal de Paw
• Director: Boaz Levy
• Director: Adi Raviv
• External director: Aliza Frenkel
• External director: Doron Turgeman

Revenue

₪21.7 billion

Net result

Profit of ₪1.4 billion

Net result, 2024

Profit of ₪950 million

Operating profit (loss)

₪1.5 billion

Total assets

₪37.2 billion

Equity

₪7.5 billion

Employees (As of December 31, 2025, company only (excluding consolidated companies))

10,359

Dividend paid

₪263 million

• After the date of the financial statements, Operation Roaring Lion began (February 2026), and the company cannot estimate its effect on its financial position.
• At the beginning of the second quarter of 2025 the company applied a revaluation model to land and buildings, which led to an increase in value of about NIS 673 million.
• A consolidated company (Aeronautics) does not meet certain financial covenants with Bank Leumi and Bank Hapoalim, and received waivers/approvals for the non-compliance.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ella Gur-Arieh
• Director: Orna Hozman Bechor
• Director: Itzik Lari
• Director: Lior Lotan
• Director: Yossi Lorberboim
• Director: Alon Pikarsky
• Director: Yuval Steinitz
• Director: Alona Shefer

• Director: Eyal de Paw
• Director: Desalegn David Dessa
• Director: Michal Saar

Revenue

$197 million

Net result

Profit of $9 million

Net result, 2024

Profit of $15.4 million

Operating profit (loss)

$28.9 million

Total assets

$361 million

Equity

$72 million

Dividend paid

$5 million

• The company is indirectly controlled by Rafael Advanced Defense Systems Ltd., a government company, through Aeronautics Ltd. (the controlling holder).
• In April 2025 an agreement was signed with the government of a country in Asia worth a total of about $53 million for supply over a two-year period.
• In November 2025 the company began a long-term lease (about 22 years) of a newly built building, in which the company holds 35% of the building; the move caused a significant increase in right-of-use assets and lease liabilities.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report. The company reports in dollars.

• Director: Yosef Cohen
• Director: Amit Lidor
• Director: Dan Seleski
• Director: Yoav Turgeman

• Director: Nurit Dabush
• Director: Maria Mordechai Wodaga
• Director: Amitai Weiss
• Director: Efrat Lexer
• Director: Roni Moreno
• Director: Aharon Marmorish
• Director: Imad Fares

Revenue

₪834 million

Net result

Profit of ₪317 thousand

Net result, 2024

Profit of ₪226 thousand

Operating profit (loss)

₪2.7 million

Total assets

₪157 million

Equity

₪9.5 million

• The company is a public benefit company operating community centers and receiving income and support from government ministries, mainly the Ministry of Education.
• Income from the Ministry of Education in 2025 totaled about NIS 409,111 thousand, the company's main source of income.
• The company's activity turnover decreased from about NIS 887,773 thousand in 2024 to about NIS 833,502 thousand in 2025.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ohad Alkabetz
• Director: Azmi Masalha
• Director: Ariel Mashal
• Director: Israel Tik

Revenue

₪125 million

Net result

Loss of ₪9.5 million

Net result, 2024

Loss of ₪8.7 million

Operating profit (loss)

Loss of ₪21.5 million

Total assets

₪161 million

Equity

₪128 million

• The company is a public benefit company that operates an educational youth village in the field of agriculture, with additional educational sources.
• The company's main sources of income are the Ministry of Education, donations and tuition fees, alongside net expenses from activities of about NIS 21.5 million in the reporting year.
• There are several material legal claims against the company, including a claim by the Ramat Hasharon Municipality of about NIS 6.3 million plus interest and linkage concerning real estate.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yona Admon
• Director: Hana Blau
• Director: Yoel Yeshurun
• Director: Sharon Kahana
• Director: Tekla Makonen

Revenue

₪60.2 million

Net result

Profit of ₪2.2 million

Net result, 2024

Loss of ₪4.7 million

Operating profit (loss)

₪2.9 million

Total assets

₪23.9 million

Equity

₪7.2 million

Payroll cost

₪36 million

The report includes a note on uncertainty about the company's ability to continue as a going concern.

• State support for the Midrasha stood at NIS 8 million in 2025 and is expected to fall to NIS 4.5 million in 2026; from 2027 the Midrasha is expected to operate with no government budget support at all.
• The Ministerial Committee on Privatization approved a plan to transfer all of the Midrasha's shares (the 60% held by Boker Ltd.) to another interested party by way of a private sale.
• In 2025 an annual surplus of about NIS 2.16 million was recorded, compared with a deficit of about NIS 4.68 million in 2024, mainly due to improved revenue and lower payroll expenses.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Pini Badash

Revenue

₪94.9 million

Net result

Loss of ₪4 million

Net result, 2024

Loss of ₪3.1 million

Operating profit (loss)

Loss of ₪4 million

Total assets

₪167 million

Equity

₪142 million

Payroll cost

₪64.4 million

• The company has for years operated under a recovery agreement with the Government of Israel that has not yet been fully completed, including permanent loans and grants from the state.
• The company has a deficit in unrestricted net assets used for activities of about NIS 13.7 million as of the end of the year.
• Under the Government Companies Law, the company may not distribute profits to its shareholders.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ilit Ostrowitz-Levy
• Director: Ze'ev Bielski
• Director: Carmit Harush
• Director: Shirley Lir Zevulun
• Director: Omri Naim

Revenue

₪32.7 million

Net result

-

Total assets

₪5.2 million

Equity

₪0

Employees (The company's secretariat staff, in addition to the chair and secretary/CEO)

9

Payroll cost

₪2.2 million

• The company operates on a cost basis only and not for profit; it has no equity and cannot distribute a dividend.
• The company's revenue is management fees collected from the assets of the study funds it manages, not revenue from sales; management fees totaled about NIS 32.7 million in the year 5785 (Hebrew calendar), compared with about NIS 31.3 million in the previous year.
• The company has material legal contingencies with the Ministry of Finance and the teachers' unions over the distribution of surplus funds accumulated in the regular fund, amounting to hundreds of millions of shekels.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Eyal Gabay

• Director: Eyal Gabay

Revenue

₪52.9 million

Net result

Profit of ₪19.4 million

Net result, 2024

Profit of ₪13.3 million

Operating profit (loss)

₪32.6 million

Total assets

₪587 million

Equity

₪144 million

• The company is a government company engaged in rental housing, wholly owned by the State of Israel and subject to the Government Companies Law, 5735-1975.
• Revenue grew from NIS 42,561 thousand in 2024 to NIS 52,938 thousand in 2025, mainly from rental and complex income.
• Investment property, which makes up most of the company's assets, rose to NIS 410,030 thousand as of December 31, 2025, including a revaluation gain of NIS 19,600 thousand.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Hana Zichel
• Director: Ravit Halutz Yitzhaki
• Director: Sigal Caspi
• Director: Haim Froimovich
• Director: Michal Tzadok Sternberg
• Director: Paul Zucker
• Director: Dan Keinan
• Director: Meir Stauber

• Director: Amit Gridi
• Director: Shuli Wondem
• Director: Shai Naor
• Director: Isabelle Hodaya Okshi

Revenue

₪95.3 million

Net result

Loss of ₪1.6 million

Net result, 2024

Profit of ₪9.9 million

Operating profit (loss)

Loss of ₪3.1 million

Total assets

₪234 million

Equity

₪165 million

• The company holds and manages about 1,683 housing units, of which about 1,329 are owned by it and about 354 by the state.
• The company went from a net profit of about NIS 9.9 million in 2024 to a net loss of about NIS 1.6 million in 2025.
• The company faces pending legal claims totaling about NIS 1.8 million, for which a provision of about NIS 0.3 million was recorded in the books.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ariel Ulzwer
• Director: Moran Erez
• Director: Osnat Kimchi

Revenue

₪469 million

Net result

Profit of ₪54.3 million

Net result, 2024

Profit of ₪80.5 million

Operating profit (loss)

₪34.8 million

Total assets

₪1.6 billion

Equity

₪902 million

Payroll cost

₪110 million

• The Government of Israel is the company's single main customer, mainly under a management agreement in the field of public housing.
• The company's revenue in 2025 totaled about NIS 468.8 million, compared with about NIS 453.9 million in 2024.
• The company has an accumulated loss (negative retained earnings) of about NIS 194.8 million as of December 31, 2025, compared with about NIS 250.6 million in the previous year.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Mazal Ayubi
• Director: Yael Elouz Akram
• Director: Gilad Bar Adon
• Director: Yair Zilberstein
• Director: Eldad Mizrahi
• Director: Shmuel Maklev
• Director: Tamir Idan
• Director: David Rotenberg
• External director: Ella Weiman
• External director: Lilach Mendels

Revenue

₪307 million

Net result

Profit of ₪135 million

Net result, 2024

Profit of ₪79.4 million

Operating profit (loss)

₪56.5 million

Total assets

₪2.4 billion

Equity

₪220 million

Employees (As of December 31, 2025)

41

Payroll cost

₪10.2 million

Dividend paid

₪137 million

• The company is a government company engaged in urban development and infrastructure, founded in 1974.
• Net profit grew from NIS 79,382 thousand in 2024 to NIS 134,815 thousand in 2025.
• In 2025 a dividend of NIS 137,000 thousand was paid/declared.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Michael Avner
• Director: Raya Asher
• Director: Gil Haimovich
• Director: Ruth Yosef
• Director: Gavriel Yifrach
• Director: Tamar Landau
• Director: Orit Vogel-Prinz

Revenue

₪56.5 million

Net result

Profit of ₪1.3 million

Net result, 2024

Profit of ₪3.3 million

Operating profit (loss)

₪141 thousand

Total assets

₪126 million

Equity

₪89.1 million

• The company is a government-municipal company that mainly carries out projects for the Haifa Municipality and the Ministry of Construction and Housing.
• Most of the company's revenue comes from carrying out projects and managing residences, totaling about NIS 39,602 thousand in 2025.
• The company holds a 25% partnership stake in Lev Hadar Gil Hazahav, presented as an investment using the equity method.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Tamar Oren
• Director: Levi Lidor Bonen
• Director: Dalia Sabag

Revenue

₪36.5 million

Net result

Profit of ₪3.9 million

Net result, 2024

Profit of ₪5.4 million

Total assets

₪54.8 million

Equity

₪30.5 million

Dividend paid

₪1.4 million

• The company is a government company that serves as the commercial and operational arm of the Soreq Nuclear Research Center (NRC).
• The nuclear medicine activity is presented as a discontinued operation following an agreement with the Sheba medical research and health services fund to set up a joint company, in which the company will hold one third of the shares.
• The company has a long-term debt balance to the Nuclear Research Center (NRC) of NIS 5,357 thousand with no fixed repayment date.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yonatan Elbaz
• Director: Dudu Bar David
• Director: Gil Dagan
• Director: Eran Ya'akov
• Director: Tomer Natan
• Director: Orna Karni

Revenue

₪144 million

Net result

Profit of ₪6.8 million

Net result, 2024

Profit of ₪9.4 million

Operating profit (loss)

₪7.7 million

Total assets

₪138 million

Equity

₪101 million

Dividend paid

₪5.4 million

• The company is wholly owned by the Government of Israel and held by Malvaan, with one share held by the "Rotem Fund".
• The statements include disclosure of the effects of the Swords of Iron war and the Iran war (2025-2026) on the company's activity, including the closure of airspace and a decline in production prospects.
• Consolidated revenue and net profit fell in 2025 compared with 2024 (revenue from NIS 148,762 thousand to NIS 144,037 thousand, net profit from NIS 9,412 thousand to NIS 6,764 thousand).

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Elhanan Abramov
• Director: Rahav Ifergan
• Director: Meir Elbuher
• Director: Rafael Berkovitz

• Director: Michal Ulpan Shapira
• Director: Yair Ashuel

• Director: Tamar Bar-Noy Gotlin
• Director: Uri Avraham Grossman
• Director: Yona Wiesenthal
• Director: Azriel Yona Tilman
• Director: Hadasi Navon

Revenue

₪2.6 million

Net result

Profit of ₪364 thousand

Net result, 2024

Loss of ₪333 thousand

Operating profit (loss)

₪325 thousand

Total assets

₪2.9 million

Equity

₪1.6 million

Employees (Positions remaining after employee layoffs in 2013)

4

Payroll cost

₪1.1 million

The report includes a note on uncertainty about the company's ability to continue as a going concern.

• In 2013 the company laid off most of its employees, leaving only 4 positions, following a government decision on the voluntary liquidation of the institute.
• The 2012 government decision to liquidate the institute has not yet been carried out and the process is pending, which raises doubt about its ability to continue as a going concern.
• The company's revenue comes mainly from import, export and special testing of alcoholic beverages and wine, not from selling products.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Moshe Giat

• Director: Amnon Ben Ami

Revenue

₪151 million

Net result

Profit of ₪410 thousand

Net result, 2024

Loss of ₪29 thousand

Operating profit (loss)

₪418 thousand

Total assets

₪51.9 million

Equity

₪2.9 million

Employees (Direct employees; in addition, about 600 outsourced workers)

29

Payroll cost

₪9.7 million

• The company is a nonprofit government company operating on behalf of the Ministry of Tourism to carry out and develop tourist sites in Israel.
• The "activity turnover" (used in place of revenue) comes mainly from budgets and grants transferred from the state and public bodies, not from commercial sales.
• Activity turnover rose from NIS 143,684 thousand in 2024 to NIS 151,237 thousand in 2025, and the company reported a surplus (deficit shown with a minus sign) of NIS 410 thousand for 2025, compared with a deficit of NIS 29 thousand in 2024.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Shai Weiner
• Director: Bashar Maddah
• Director: Meir Sahar
• Director: David Ozer

Revenue

₪27.1 million

Net result

Loss of ₪3.5 million

Net result, 2024

Loss of ₪3.7 million

Operating profit (loss)

Loss of ₪134 thousand

Total assets

₪15.9 million

Equity

₪2.3 million

Payroll cost

₪2.3 million

• The company works to develop tourism infrastructure at sites in Old Acre and Nazareth and is run on government budgets and grants.
• There are pending legal claims against the company by various parties.
• In 2025 there was a significant decrease in the balance of cash and cash equivalents compared with 2024.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Yael Almor
• Director: Wael Kayouf
• Director: Rakefet Levy

Revenue

₪69.7 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

Loss of ₪133 thousand

Total assets

₪17.6 million

Equity

₪1 thousand

Payroll cost

₪2.9 million

• The company is funded by the Ministry of Environmental Protection and does not distribute profits, and its financial results are zeroed out each year.
• The company's revenue (allocations from the Ministry of Environmental Protection) grew from NIS 42.7 million in 2024 to NIS 69.7 million in 2025.
• The company's term of operation was extended by Government Decision No. 1851 until June 30, 2026.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Azarya Ashto
• Director: Shmuel Litov

Revenue

₪229 million

Net result

Profit of ₪11.5 million

Net result, 2024

Profit of ₪25.1 million

Operating profit (loss)

₪12.5 million

Total assets

₪269 million

Equity

₪156 million

Dividend paid

₪13.6 million

• During the reporting period the company received about NIS 79 million from the state before VAT, of which about NIS 10 million was management fees in the state land remediation project.
• A significant decrease in revenue and profitability in 2025 compared with 2024, mainly due to a decline in hazardous waste treatment activity and in state land remediation activity.
• In June 2025 a dividend of NIS 13,600 thousand was distributed to the shareholder (the State of Israel) out of 2023 profits.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Rafael Gamish
• Director: Zion Cohen Shahnazi
• Director: Benny Maoz
• Director: Hana Mazal Margaliot

Revenue

₪37.6 million

Net result

Profit of ₪13.8 million

Net result, 2024

Profit of ₪2.2 million

Total assets

₪431 million

Equity

₪419 million

• The company is a government-municipal public benefit company responsible for developing, building and operating Ariel Sharon Park on the site of the former Hiriya landfill.
• Most of the company's revenue comes from receipts and support from public bodies (the Government of Israel, the Israel Land Authority, Netivei Israel and the Jewish National Fund) rather than commercial sales, and it is not fund management fees.
• After the balance sheet date an agreement in principle was signed with the Ramat Gan Municipality and the Ministry of Finance to move the Ramat Gan Safari to the park's grounds, and the events of Operation Rising Lion may affect the scope of activity.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: David Bar Yosef
• Director: Lior Haimovich
• Director: Dudu Laniado
• Director: Amnon Merhav
• Director: Shai Keinan
• Director: Ravit Klepner

• Director: Avi Alkis

Revenue

₪559 million

Net result

Profit of ₪299 thousand

Net result, 2024

Profit of ₪451 thousand

Total assets

₪1.2 billion

Equity

₪10.5 million

Employees (Actual full-time positions)

94

Payroll cost

₪34.2 million

• The company's revenue includes premiums from farmers (NIS 192,149 thousand) and a significant government contribution to premiums (NIS 288,326 thousand) in 2025.
• Insurance reserves for natural damage in agriculture totaled NIS 946,204 thousand as of December 31, 2025, compared with NIS 863,207 thousand in the previous year.
• Following the Swords of Iron war and additional military operations there was some decrease in the insured areas, but the company estimates that no material effect on its activity is expected.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Moshe Aharak
• Director: Michal Levy
• Director: Anat Pilzer Somech
• Director: Tanya Shamli
• External director: Haim Perluk
• External director: Limor Shimoni Altholtz

• Director: Avi Alkis

• Director: Ran Shapira

• Director: Aharon Adler
• Director: Ya'akov Efrati
• Director: Rivka Bernstein
• Director: Yosef Honig
• Director: Uriel Cohen
• Director: Avi Amit
• Director: Tovi Rosner
• Director: Haim Mordechai Rosenstein
• Director: Hana Steinberg

• Director: Yoel Singer
• Director: Shlomo Mor-Yosef

Revenue

₪61.7 million

Net result

Loss of ₪169 thousand

Net result, 2024

Loss of ₪62.2 thousand

Operating profit (loss)

Loss of ₪135 thousand

Total assets

₪13.2 million

Equity

₪7.5 million

Employees (As of the report's publication, direct employees of the association)

24

• The association's income is based mainly on budgets from the Ministry of Religious Services (current and Rashbi) and cash donations.
• In 2025 a net deficit of about NIS 169 thousand was recorded, following a deficit of about NIS 62 thousand in the previous year.
• The cost of activities grew by about NIS 17.3 million, mainly due to significant development work at the site of the Rashbi's tomb in Meron.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Ortal Danon
• Director: Ya'akov Cohen

• Director: Asher Elhiani
• Director: Lior Gabay

Revenue

₪5.1 million

Net result

Profit of ₪127 thousand

Net result, 2024

Profit of ₪188 thousand

Operating profit (loss)

₪120 thousand

Total assets

₪2.6 million

Equity

₪2.1 million

Employees (In 2025, not including a permanent outside engineering consultant)

7

• Revenue from a principal customer made up about 96.7% of the company's total revenue in 2025, indicating high customer concentration.
• 2025 was marked by the support of the company and its employees for Operation Rising Lion and the continuing Swords of Iron war, including the call-up of two employees for reserve duty under emergency orders (Tzav 8).
• Net profit for 2025 totaled NIS 127,473, compared with NIS 187,889 in 2024, a decrease resulting mainly from higher operating expenses.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

Revenue

₪19.7 million

Net result

Loss of ₪1.4 million

Net result, 2024

Loss of ₪1.5 million

Operating profit (loss)

Loss of ₪1.3 million

Total assets

₪16.9 million

Equity

₪10.3 million

Payroll cost

₪5.1 million

• The company's revenue consists mainly of allocations from the Ministry of Foreign Affairs (MASHAV) for international cooperation, totaling about NIS 19,633 thousand in 2025.
• The company was founded as a nonprofit and has no share capital, so the balance sheet shows a "net assets" item instead of equity.
• The company holds 50% of the shares of the Armon HaCarmel company, presented using the equity method, and there is a legal dispute with the Haifa Municipality over the property.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.

• Director: Moran Kita

Revenue

₪1.4 million

Net result

Profit of ₪0

Net result, 2024

Profit of ₪0

Operating profit (loss)

₪0

Total assets

₪377 thousand

Equity

₪0

Employees (The company itself has no employees; services are provided by outside suppliers)

0

• The company's revenue is management fees collected from members according to actual expenses, and does not reflect the total assets of the managed fund (NIS 458,353 thousand as of December 31, 2025).
• The company does not operate for profit, so its revenue always equals its expenses and net profit in all the years presented is zero.
• Since June 2020 the company's board and audit committee have operated without a full quorum because state directors and a chair have not been appointed, and the financial statements were signed subject to future approval.

From the company's annual financial report (Government Companies Authority). The figures were extracted automatically from the PDF file and may contain inaccuracies - check them against the full report.