v3.25.2
OPERATING SEGMENTS AND ENTITY WIDE DISCLOSURES
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENTS AND ENTITY WIDE DISCLOSURES
NOTE 8:-
OPERATING SEGMENTS AND ENTITY WIDE DISCLOSURES
 
  a.
The Company operates as a single operating segment - manufacturing, marketing and sale of printed circuit boards.
 
The Chief Operating Decision Maker (CODM) of Eltek Ltd. is the Chief Executive Officer (CEO). The CEO evaluates the company's performance and allocates resources based on financial information presented on a consolidated basis. The Company’s CODM uses consolidated net income to review actual results to allocate resources within the business to continue growth.

 

The Company’s CODM does not regularly review asset information and, therefore, the Company does not report asset information.
 
  a.
The following table presents information on reportable segment profit for the periods presented:
 
   
Six months ended
June 30,
   
Three months ended
June 30,
 
   
2025
   
2024
   
2025
   
2024
 
   
Unaudited
 
                         
Revenues
   
25,285
     
22,249
     
12,529
     
10,466
 
                                 
Less:
                               
                                 
Raw materials
   
6,408
     
6,060
     
2,799
     
3,049
 
Manufacturing
   
592
     
241
     
202
     
177
 
Salaries
   
10,712
     
9,081
     
5,306
     
4,273
 
Depreciation
   
967
     
753
     
503
     
388
 
Other segment items*
   
5,239
     
3,624
     
3,354
     
1,828
 
                                 
Net profit
   
1,367
     
2,490
     
365
     
751
 
 
  *
Other segment items consist of other cost items including cost of sales, research and development, selling, general and administrative, tax expenses and finance income.
 
  b.
Revenues by geographic areas:
 
   
Six months ended
June 30,
   
Three months ended
June 30,
 
   
2025
   
2024
   
2025
   
2024
 
   
Unaudited
 
                         
Israel
   
17,343
     
14,832
     
8,753
     
7,642
 
North America
   
2,936
     
1,664
     
1,278
     
716
 
Netherlands
   
1,677
     
1,980
     
745
     
864
 
India
   
977
     
2,144
     
474
     
901
 
Others
   
2,352
     
1,629
     
1,279
     
343
 
                                 
     
25,285
     
22,249
     
12,529
     
10,466
 
 
  c.
Primary industries for which the Company produced PCBs:
 
   
Six months ended
June 30,
   
Three months ended
June 30,
 
   
2025
   
2024
   
2025
   
2024
 
   
Unaudited
 
                         
Defense and aerospace equipment
   
15,362
     
14,554
     
7,848
     
6,628
 
Medical equipment
   
1,784
     
1,521
     
717
     
719
 
Industrial equipment
   
1,932
     
2,301
     
902
     
943
 
Distributors, contract electronic manufacturers and others
   
6,207
     
3,873
     
3,062
     
2,176
 
                                 
     
25,285
     
22,249
     
12,529
     
10,466