v3.26.1
Consolidated Statements of Financial Position
₪ in Thousands, $ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
CURRENT ASSETS:    
Cash and cash equivalents $ 1,280,121 $ 507,799
Short-term deposits 372 55,401
Trade receivables, (net from expected credit losses of $14,942 and $18,106 as of December 31, 2025 and 2024, respectively) 774,471 803,235
Prepaid expenses and other accounts receivable 80,604 89,882
Inventories 30,249 30,728
Total current assets 2,165,817 1,487,045
NON-CURRENT ASSETS:    
Long-term investments and receivables 50,126 49,928 [1]
Financial assets measured at fair value through profit or loss 304,549 4,701 [1]
Investments in companies accounted for at equity 48,908 39,196
Property, plant and equipment, net 47,614 51,795
Right-of-use assets 145,462 156,225
Deferred taxes 26,915 33,850
Intangible assets, net 147,621 217,076
Goodwill 646,243 975,080
Total non-current assets 1,417,438 1,527,851
Total assets 3,583,255 3,014,896
CURRENT LIABILITIES:    
Loans from banks and others 177,899 141,782
Debentures 76,696 86,782
Current maturities of lease liabilities 42,899 45,240
Trade payables 368,319 296,211
Deferred revenues 157,545 173,959
Employees and payroll accrual 235,705 234,845
Other accounts payable 195,817 98,046
Dividend payable 7,886
Liabilities in respect of business combinations 6,359 9,191
Put options of non-controlling interests 61,206 52,420
Total current liabilities 1,330,331 1,138,476
LONG-TERM LIABILITIES:    
Loans from banks and others 68,309 62,733
Debentures 118,656 188,090
Lease liabilities 107,805 119,586
Other long-term liabilities 54 11,708
Deferred taxes 83,426 42,894
Deferred revenues 16,457 12,522
Liabilities in respect of business combinations 13,291 8,751
Put options of non-controlling interests 61,577 30,553
Employee benefit liabilities 5,547 10,238
Total long-term liabilities 475,122 487,075
COMMITMENTS AND CONTINGENCIES
Share capital:    
Ordinary shares of NIS 1 par value - Authorized: 25,000,000 shares as of December 31, 2025 and 2024; Issued: 15,901,287 shares as of December 31, 2025 and 2024; Outstanding: 15,332,667 shares as of December 31, 2025 and 2024. 4,351 4,351
Additional paid-in capital 166,241 152,652
Retained earnings 1,105,586 536,014
Accumulated other comprehensive income 77,344 (13,420)
Treasury shares (568,620 shares as of December 31, 2025 and 2024) (259) (259)
Total equity attributable to Formula Systems (1985) Ltd. shareholders 1,353,263 679,338
Non-controlling interests 424,539 710,007
Total equity 1,777,802 1,389,345
Total liabilities and equity $ 3,583,255 $ 3,014,896
[1] Reclassified