| Schedule of Operating Income by Segment |
| |
|
Three Months Ended March 31, 2026
|
|
|
|
|
| |
|
OEM of Heat Transfer Solutions and Aviation Accessories
|
|
|
MRO Services for heat transfer components and OEM of heat transfer solutions
|
|
|
MRO services for Aviation Components and Lease
|
|
|
Overhaul and coating of jet engine components
|
|
|
Elimination of inter-Company sales
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues - external
|
|
$
|
10,698
|
|
|
$
|
11,031
|
|
|
$
|
16,862
|
|
|
$
|
2,556
|
|
|
$
|
-
|
|
|
$
|
41,147
|
|
|
Revenues - internal
|
|
|
42
|
|
|
|
92
|
|
|
|
11
|
|
|
|
-
|
|
|
|
(145
|
)
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
7,722
|
|
|
|
7,593
|
|
|
|
14,465
|
|
|
|
1,539
|
|
|
|
(203
|
)
|
|
|
31,116
|
|
|
Gross profit
|
|
|
3,018
|
|
|
|
3,530
|
|
|
|
2,408
|
|
|
|
1,017
|
|
|
|
58
|
|
|
|
10,031
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
251
|
|
|
|
250
|
|
|
|
-
|
|
|
|
70
|
|
|
|
-
|
|
|
|
571
|
|
|
Selling and marketing
|
|
|
679
|
|
|
|
502
|
|
|
|
831
|
|
|
|
170
|
|
|
|
-
|
|
|
|
2,182
|
|
|
General and administrative
|
|
|
1,356
|
|
|
|
1,096
|
|
|
|
1,585
|
|
|
|
256
|
|
|
|
-
|
|
|
|
4,293
|
|
|
Operating income
|
|
|
732
|
|
|
|
1,682
|
|
|
|
(8
|
)
|
|
|
521
|
|
|
|
58
|
|
|
|
2,985
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial (income) expenses, net
|
|
|
(764
|
)
|
|
|
102
|
|
|
|
653
|
|
|
|
(30
|
)
|
|
|
-
|
|
|
|
(39
|
)
|
|
Income before taxes
|
|
$
|
1,496
|
|
|
$
|
1,580
|
|
|
$
|
(661
|
)
|
|
$
|
551
|
|
|
$
|
58
|
|
|
$
|
3,024
|
|
| |
|
Three Months Ended March 31, 2025
|
|
| |
|
OEM of Heat Transfer Solutions and Aviation Accessories
|
|
|
MRO Services for heat transfer components and OEM of heat transfer solutions
|
|
|
MRO services
for Aviation
Components
and Lease
|
|
|
Overhaul and
coating of jet
engine
components
|
|
|
Elimination of
inter-Company
sales
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues - external
|
|
$
|
9,750
|
|
|
$
|
11,909
|
|
|
$
|
18,298
|
|
|
$
|
2,185
|
|
|
$
|
-
|
|
|
$
|
42,142
|
|
|
Revenues - internal
|
|
|
337
|
|
|
|
568
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(905
|
)
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
7,173
|
|
|
|
8,823
|
|
|
|
16,045
|
|
|
|
1,107
|
|
|
|
(960
|
|
|
|
32,188
|
|
|
Gross profit
|
|
|
2,914
|
|
|
|
3,654
|
|
|
|
2,253
|
|
|
|
1,078
|
|
|
|
55
|
|
|
|
9,954
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
149
|
|
|
|
140
|
|
|
|
-
|
|
|
|
35
|
|
|
|
- |
|
|
|
324
|
|
|
Selling and marketing
|
|
|
451
|
|
|
|
554
|
|
|
|
788
|
|
|
|
135
|
|
|
|
- |
|
|
|
1,928
|
|
|
General and administrative
|
|
|
1,076
|
|
|
|
795
|
|
|
|
1,504
|
|
|
|
157
|
|
|
|
- |
|
|
|
3,532
|
|
|
Operating income
|
|
|
1,238
|
|
|
|
2,165
|
|
|
|
(39
|
)
|
|
|
751
|
|
|
|
55
|
|
|
|
4,170
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial expenses, net
|
|
|
(718
|
)
|
|
|
150
|
|
|
|
630
|
|
|
|
(4
|
)
|
|
|
-
|
|
|
|
58
|
|
|
Income before taxes
|
|
$
|
1,956
|
|
|
$
|
2,015
|
|
|
$
|
(669
|
)
|
|
$
|
755
|
|
|
$
|
55
|
|
|
$
|
4,112
|
|
|
| Schedule of Assets, Depreciation and Amortization, and Capital Expenditures by Segment |
| |
|
Three Months Ended March 31, 2026
|
|
| |
|
OEM of Heat Transfer Solutions and Aviation Accessories
|
|
|
MRO Services for heat transfer components and OEM of heat transfer solutions
|
|
|
MRO services for Aviation Components and Lease
|
|
|
Overhaul and coating of jet engine components
|
|
|
Amounts not allocated to segments
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
80,108
|
|
|
$
|
47,565
|
|
|
$
|
94,967
|
|
|
$
|
11,139
|
|
|
$
|
(972
|
)
|
|
$
|
232,807
|
|
|
Depreciation and amortization
|
|
|
252
|
|
|
|
291
|
|
|
|
721
|
|
|
|
89
|
|
|
|
(40
|
)
|
|
|
1,313
|
|
|
Expenditure for segment assets
|
|
|
632
|
|
|
|
113
|
|
|
|
638
|
|
|
|
37
|
|
|
|
-
|
|
|
|
1,420
|
|
| |
|
Year Ended December 31, 2025
|
|
| |
|
OEM of Heat Transfer Solutions and Aviation Accessories
|
|
|
MRO Services for heat transfer components and OEM of heat transfer solutions
|
|
|
MRO services for Aviation Components and Lease
|
|
|
Overhaul and coating of jet engine components
|
|
|
Amounts not allocated to segments
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
78,541
|
|
|
$
|
45,305
|
|
|
$
|
93,473
|
|
|
$
|
10,321
|
|
|
$
|
(911
|
)
|
|
$
|
226,729
|
|
|
Depreciation and amortization
|
|
|
905
|
|
|
|
1,107
|
|
|
|
2,894
|
|
|
|
356
|
|
|
|
(161
|
)
|
|
|
5,101
|
|
|
Expenditure for segment assets
|
|
|
3,179
|
|
|
|
839
|
|
|
|
7,180
|
|
|
|
225
|
|
|
|
-
|
|
|
|
11,423
|
|
|