| Schedule of Operating Income by Segment |
| |
|
Three Months Ended June 30, 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 Intercompany sales |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - external |
|
$ |
11,131 |
|
|
$ |
11,902 |
|
|
$ |
27,641 |
|
|
$ |
2,264 |
|
|
$ |
- |
|
|
$ |
52,938 |
|
| Revenues - internal |
|
|
- |
|
|
|
103 |
|
|
|
63 |
|
|
|
- |
|
|
|
(166 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
8,252 |
|
|
|
8,697 |
|
|
|
21,325 |
|
|
|
1,540 |
|
|
|
(196 |
) |
|
|
39,618 |
|
| Gross profit |
|
|
2,879 |
|
|
|
3,308 |
|
|
|
6,379 |
|
|
|
724 |
|
|
|
30 |
|
|
|
13,320 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
192 |
|
|
|
298 |
|
|
|
- |
|
|
|
45 |
|
|
|
- |
|
|
|
535 |
|
| Selling and marketing |
|
|
697 |
|
|
|
491 |
|
|
|
1,175 |
|
|
|
167 |
|
|
|
- |
|
|
|
2,530 |
|
| General and administrative |
|
|
1,198 |
|
|
|
1,018 |
|
|
|
2,202 |
|
|
|
214 |
|
|
|
- |
|
|
|
4,632 |
|
| Operating income |
|
$ |
792 |
|
|
$ |
1,501 |
|
|
$ |
3,002 |
|
|
$ |
298 |
|
|
$ |
30 |
|
|
|
5,623 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of equity investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,324 |
|
| Interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(182 |
) |
| Other financial expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(368 |
) |
| Income before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,397 |
|
| |
|
Three Months Ended June 30, 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 Intercompany sales |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - external |
|
$ |
9,555 |
|
|
$ |
11,301 |
|
|
$ |
19,996 |
|
|
$ |
2,252 |
|
|
$ |
- |
|
|
$ |
43,104 |
|
| Revenues - internal |
|
|
53 |
|
|
|
277 |
|
|
|
- |
|
|
|
- |
|
|
|
(330 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
6,714 |
|
|
|
8,139 |
|
|
|
16,700 |
|
|
|
1,083 |
|
|
|
(357 |
) |
|
|
32,279 |
|
| Gross profit |
|
|
2,894 |
|
|
|
3,439 |
|
|
|
3,296 |
|
|
|
1,169 |
|
|
|
27 |
|
|
|
10,825 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
171 |
|
|
|
172 |
|
|
|
- |
|
|
|
(103 |
) |
|
|
- |
|
|
|
240 |
|
| Selling and marketing |
|
|
452 |
|
|
|
582 |
|
|
|
1,009 |
|
|
|
142 |
|
|
|
- |
|
|
|
2,185 |
|
| General and administrative |
|
|
1,403 |
|
|
|
944 |
|
|
|
1,455 |
|
|
|
163 |
|
|
|
- |
|
|
|
3,965 |
|
| Operating income |
|
$ |
868 |
|
|
$ |
1,741 |
|
|
$ |
832 |
|
|
$ |
967 |
|
|
$ |
27 |
|
|
|
4,435 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,100 |
) |
| Income before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,335 |
|
| |
|
Six Months Ended June 30, 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 Intercompany sales |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - external |
|
$ |
21,829 |
|
|
$ |
22,933 |
|
|
$ |
44,503 |
|
|
$ |
4,820 |
|
|
$ |
- |
|
|
$ |
94,085 |
|
| Revenues - internal |
|
|
42 |
|
|
|
195 |
|
|
|
74 |
|
|
|
- |
|
|
|
(311 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
15,974 |
|
|
|
16,290 |
|
|
|
35,790 |
|
|
|
3,079 |
|
|
|
(399 |
) |
|
|
70,734 |
|
| Gross profit |
|
|
5,897 |
|
|
|
6,838 |
|
|
|
8,787 |
|
|
|
1,741 |
|
|
|
88 |
|
|
|
23,351 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
443 |
|
|
|
547 |
|
|
|
- |
|
|
|
116 |
|
|
|
- |
|
|
|
1,106 |
|
| Selling and marketing |
|
|
1,375 |
|
|
|
993 |
|
|
|
2,006 |
|
|
|
338 |
|
|
|
- |
|
|
|
4,712 |
|
| General and administrative |
|
|
2,555 |
|
|
|
2,114 |
|
|
|
3,787 |
|
|
|
469 |
|
|
|
- |
|
|
|
8,925 |
|
| Operating income |
|
$ |
1,524 |
|
|
$ |
3,184 |
|
|
$ |
2,994 |
|
|
$ |
818 |
|
|
$ |
88 |
|
|
|
8,608 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on sale of equity investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,324 |
|
| Interest expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(330 |
) |
| Other financial expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(181 |
) |
| Income before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,421 |
|
| |
|
Six Months Ended June 30, 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 Intercompany sales |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - external |
|
$ |
19,304 |
|
|
$ |
23,210 |
|
|
$ |
38,294 |
|
|
$ |
4,438 |
|
|
$ |
- |
|
|
$ |
85,246 |
|
| Revenues - internal |
|
|
390 |
|
|
|
845 |
|
|
|
- |
|
|
|
- |
|
|
|
(1,235 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
13,887 |
|
|
|
16,962 |
|
|
|
32,745 |
|
|
|
2,191 |
|
|
|
(1,318 |
) |
|
|
64,467 |
|
| Gross profit |
|
|
5,807 |
|
|
|
7,093 |
|
|
|
5,549 |
|
|
|
2,247 |
|
|
|
83 |
|
|
|
20,779 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
320 |
|
|
|
312 |
|
|
|
- |
|
|
|
(68 |
) |
|
|
- |
|
|
|
564 |
|
| Selling and marketing |
|
|
903 |
|
|
|
1,136 |
|
|
|
1,797 |
|
|
|
277 |
|
|
|
- |
|
|
|
4,113 |
|
| General and administrative |
|
|
2,480 |
|
|
|
1,739 |
|
|
|
2,958 |
|
|
|
320 |
|
|
|
- |
|
|
|
7,497 |
|
| Operating income |
|
$ |
2,104 |
|
|
$ |
3,906 |
|
|
$ |
794 |
|
|
$ |
1,718 |
|
|
$ |
83 |
|
|
|
8,605 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,158 |
) |
| Income before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,447 |
|
|
| Schedule of Assets, Depreciation and Amortization, and Capital Expenditures by Segment |
| |
|
Six Months Ended June 30, 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 |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
$ |
70,279 |
|
|
$ |
50,686 |
|
|
$ |
115,719 |
|
|
$ |
10,762 |
|
|
$ |
(859 |
) |
|
$ |
246,587 |
|
| Depreciation and amortization |
|
|
533 |
|
|
|
584 |
|
|
|
1,483 |
|
|
|
184 |
|
|
|
(80 |
) |
|
|
2,704 |
|
| Expenditure for segment assets |
|
|
989 |
|
|
|
354 |
|
|
|
1,037 |
|
|
|
278 |
|
|
|
- |
|
|
|
2,658 |
|
| |
|
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 |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|