Supplementary Financial Statements Information

12 Months Ended

Dec. 31, 2025

Supplementary Financial Statement Information [Abstract]

SUPPLEMENTARY FINANCIAL STATEMENTS INFORMATION

Note 24:- Supplementary Financial StatementS Information

a.

Composition of non-controlling interest in material partially-owned subsidiaries:

		December 31,
		2025				2024
Matrix and its subsidiaries		$	210,459			$	182,340
Sapiens and its subsidiaries			-				357,954
Magic Software and its subsidiaries			168,020				167,286
Other			46,060				2,427
		$	424,539			$	710,007

b.(1)

Revenue by products and services was as follows:

		Year ended December 31,
		2025				2024				2023

Proprietary software and related services		$	208,694			$	185,793			$	178,844
Other products and third party			683,989				534,869				503,325
Services			1,734,441				1,497,772				1,428,278
		$	2,627,124			$	2,218,434			$	2,110,447

b.(2)

Revenue by timing of revenue recognition was as follows:

		Year ended December 31,
		2025				2024				2023

Products and services transferred over time		$	2,277,643			$	1,852,193			$	1,749,466
Products transferred at a point in time			349,481				366,241				360,981
		$	2,627,124			$	2,218,434			$	2,110,447

c.

Selling, marketing, general and administrative expenses:

		Year ended December 31,
		2025				2024				2023
Wages and related expenses		$	190,677			$	163,870			$	164,235
Depreciation and amortization			71,327				47,503				46,306
Subcontractors			9,752				5,641				8,073
Advertising			8,651				12,818				13,888
Maintenance and other expenses			31,581				19,884				16,162
Total Selling, marketing, general and administrative expenses		$	311,988			$	249,716			$	248,664

d.

The following table provides detailed breakdown of the Group’s financial income and expenses:

		Year ended December 31,
		2025				2024				2023
Financial expenses:
Financial expenses related to liabilities in respect of business combinations		$	13,321			$	356			$	775
Interest expenses on loans and borrowings			18,670				17,865				18,540
Financial costs related to Debentures			5,009				3,552				3,928
Interest expenses attributed to IFRS 16			6,749				4,851				5,402
Bank charges, negative foreign exchange differences and other financial expenses			19,838				8,297				7,002
		$	63,587			$	34,921			$	35,647

		Year ended December 31,
		2025				2024				2023
Financial income:
Interest income from deposits, positive foreign exchange differences and other financial income		$	13,599			$	10,454			$	10,857

Financial expenses, net		$	49,988			$	24,467			$	24,790

e.

Geographical information:

1)

The Group’s property, plant and equipment is located as follows:

		December 31,
		2025				2024

Israel		$	45,772			$	44,361
United States			828				2,992
Europe			641				924
Japan			126				129
Other			247				3,389

Total		$	47,614			$	51,795

2)

Revenues:

The Group’s revenues classified by geographic area (based on the location of customers) are as follows:

		Year ended December 31,
		2025				2024				2023
Israel		$	2,092,849			$	1,725,764			$	1,578,696
International:
United States			435,800				387,864				435,184
Europe			83,866				88,000				81,580
Japan			11,920				12,673				10,847
Other (mainly Asia pacific)			2,689				4,133				4,140
Total		$	2,627,124			$	2,218,434			$	2,110,447

See Note 2(13) regarding the transaction prices allocated to performance obligation.

f.

Earnings per share:

The following table presents the computation of basic and diluted net earnings per share for the Group:

		Year ended December 31,
		2025				2024				2023

Net income attributable to Formula’s shareholders (basic):
From continued operations		$	36,514			$	48,543			$	35,739
From discontinued operations			569,965				31,127				28,275
Net income attributable to Formula’s shareholders (basic)		$	606,479			$	79,670			$	64,014

Net income attributable to Formula’s shareholders (Diluted):
From continued operations		$	36,316			$	48,471			$	35,672
From discontinued operations			569,866				31,056				28,206
Net income attributable to Formula’s shareholders (Diluted)			606,182			$	79,527			$	63,878

Earnings per share from continued operations (basic)		$	2.39			$	3.18			$	2.34
Earnings per share from discontinued operations (basic)			37.24				2.04				1.85
Earnings per share (basic)		$	39.63			$	5.22			$	4.19

Earnings per share from continued operations (diluted)		$	2.30			$	3.10			$	2.30
Earnings per share from discontinued operations (diluted)			36.09				1.99				1.82
Earnings per share (diluted)		$	38.39			$	5.09			$	4.12

Number of shares used in computing:
Earnings per share (basic)			15,308,764				15,304,610				15,301,392
Earnings per share (diluted)			15,786,901				15,636,664				15,498,101