| Schedule of Operating Results Attributed to the Discontinued Operation |
Below are data of the operating results attributed to the discontinued operation
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Revenues | |
| 565,834 | | |
| 542,380 | | |
| 514,584 | |
| Cost of Revenues | |
| 332,834 | | |
| 303,423 | | |
| 292,046 | |
| | |
| | | |
| | | |
| | |
| Gross profit | |
| 233,000 | | |
| 238,957 | | |
| 222,538 | |
| | |
| | | |
| | | |
| | |
| Research and development expenses, net | |
| 74,448 | | |
| 66,302 | | |
| 63,476 | |
| Selling, marketing, general and administrative expenses | |
| 163,389 | | |
| 85,467 | | |
| 77,739 | |
| | |
| | | |
| | | |
| | |
| Operating income (loss) | |
| (4,837 | ) | |
| 87,188 | | |
| 81,323 | |
| Finance expenses (income), net | |
| (175 | ) | |
| (2,324 | ) | |
| 3,543 | |
| | |
| | | |
| | | |
| | |
| Income (loss) before taxes on income | |
| (4,662 | ) | |
| 89,512 | | |
| 77,780 | |
| Taxes on income (tax benefit) | |
| 14,172 | | |
| 17,891 | | |
| 14,241 | |
| | |
| | | |
| | | |
| | |
| Net Income (loss) discontinued operation | |
| (18,834 | ) | |
| 71,621 | | |
| 63,539 | |
| | |
| | | |
| | | |
| | |
| Income from sale of discontinued operation, net | |
| 578,314 | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Net Income from discontinued operation | |
| 559,480 | | |
| 71,621 | | |
| 63,539 | |
| | |
| | | |
| | | |
| | |
| Net Income (loss) from discontinued operation Attributable to: | |
| | | |
| | | |
| | |
| Non-controlling interests from discontinued operations | |
| (10,485 | ) | |
| 40,494 | | |
| 35,264 | |
| Formula’s shareholders from discontinued operations | |
| 569,965 | | |
| 31,127 | | |
| 28,275 | |
| | |
| | | |
| | | |
| | |
| Net Income from discontinued operation | |
| 559,480 | | |
| 71,621 | | |
| 63,539 | |
| | |
| | | |
| | | |
| | |
| Net earnings per share attributable to Formula’s shareholders : | |
| | | |
| | | |
| | |
| Earnings per share from discontinued operations (basic) | |
| 37.24 | | |
| 2.04 | | |
| 1.85 | |
| Earnings per share from discontinued operations (diluted) | |
| 36.09 | | |
| 1.99 | | |
| 1.82 | |
|
| Schedule of Net Cash Flows Provided By (Used In) The Discontinued Operation |
Below are data of the net cash flows provided by (used in) the discontinued operation:
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Net cash provided by (used in) discontinued operating activities | |
| 58,931 | | |
| 91,913 | | |
| 89,580 | |
| Net cash provided by (used in) discontinued investing activities | |
| (62,766 | ) | |
| 12,778 | | |
| (72,780 | ) |
| Net cash provided by (used in) discontinued financing activities | |
| (68,953 | ) | |
| (51,481 | ) | |
| (41,094 | ) |
| | |
| | | |
| | | |
| | |
| Total net cash provided by (used in) discontinued operation | |
| (72,788 | ) | |
| 53,210 | | |
| (24,294 | ) |
|