Below are the financial statements of Azrieli Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of ILS | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues from rent, management, maintenance and sales fees, net | 3,281a | 2,943a | 2,690a |
| Cost of revenues from rent, management, maintenance and sales fees | -979a | -911a | -798a |
| Gross profit | 2,302a | 2,032a | 1,892a |
| Sales and marketing | -75a | -96a | -95a |
| General and administrative | -263a | -220a | -167a |
| Gross profit before other revenues and expenses | 1,964a | 1,716a | 1,630a |
| Net profit from adjustment to fair value of investment property and investment property under construction | 913a | 912a | 1,481a |
| Share in results of companies accounted for by the equity method, net of tax | -5a | -77a | -73a |
| Other revenues (expenses), net | -3a | 1,145a | 130a |
| Gross profit after other revenues and expenses | 2,869a | 3,696a | 3,168a |
| Financing revenues | 141a | 100a | 83a |
| Financing expenses | -1,086a | -943a | -1,105a |
| Profit before taxes on income | 1,924a | 2,853a | 2,146a |
| Taxes on income | -442a | -635a | -354a |
| Net profit for the year | 1,482a | 2,218a | 1,792a |
| Net profit for the year attributable to: Shareholders of the company | 1,477a | 2,225a | 1,797a |
| Net profit for the year attributable to: Non-controlling interests | 5a | -7a | -5a |
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