v3.26.1
Consolidated Statements of Income and Other Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Revenues $ 488,596 $ 377,935 $ 255,702
Tax benefits 93,668 20,860 5,440
Total revenues and income 582,264 398,795 261,142
Cost of sales [1] (134,381) (80,696) (52,794)
Depreciation and amortization (149,922) (108,889) (65,796)
General and administrative expenses (57,955) (38,847) (31,356)
Development expenses (12,190) (11,601) (6,347)
Total operating expenses (354,448) (240,033) (156,293)
Gains from projects disposals 96,431 601 9,847
Other income, net 7,931 16,172 43,447
Operating profit 332,178 175,535 158,143
Finance income 40,851 20,439 36,799
Finance expenses (164,730) (107,844) (68,143)
Total finance expenses, net (123,879) (87,405) (31,344)
Profit before tax and equity loss 208,299 88,130 126,799
Share of losses of equity accounted investees (3,722) (3,350) (330)
Profit before income taxes 204,577 84,780 126,469
Taxes on income (43,875) (18,275) (28,428)
Profit for the year 160,702 66,505 98,041
Amounts which will be classified in the future under profit or loss, net of tax:      
Foreign currency translation differences for foreign operations (135,195) (40,298) 53,663
Effective portion of changes in fair value of cash flow hedges, net (10,175) (13,684) 15,929
Other comprehensive loss item that will not be transfer to profit or loss:      
Presentation currency translation adjustment 237,375 (7,630) (41,678)
Total other comprehensive income (loss) for the year 92,005 (61,612) 27,914
Total comprehensive profit for the year 252,707 4,893 125,955
Profit for the year attributed to:      
Owners of the Company 132,104 44,209 70,924
Non-controlling interests 28,598 22,296 27,117
Profit (loss) for the year 160,702 66,505 98,041
Comprehensive income (loss) for the year attributed to:      
Owners of the Company 189,127 (477) 92,183
Non-controlling interests 63,580 5,370 33,772
Total comprehensive income (loss) for the year $ 252,707 $ 4,893 $ 125,955
Earnings per ordinary share (in USD) with a par value of NIS 0.1, attributable to owners of the parent Company:      
Basic earnings per share $ 1.07 $ 0.37 $ 0.61
Diluted earnings per share $ 1 $ 0.36 $ 0.57
Weighted average of share capital used in the calculation of earnings:      
Basic per share 123,717,373 118,293,556 115,721,346
Diluted per share 132,619,069 123,312,565 123,861,293
[1] Excluding depreciation and amortization.