Lesico (LSCO) investor relations material

Executive summary

• Revenue for Q1 2026 was ₪184.6M, a 24.3% decrease year-over-year, mainly due to the impact of military operations and reduced activity abroad.

• Gross profit fell 24.8% to ₪9.5M, with gross margin at 5.2% versus 4.5% last year.

• Net loss attributable to shareholders was ₪7.5M, compared to a profit of ₪8.4M in Q1 2025.

• EBITDA for the quarter was negative at ₪3.6M, down from a positive ₪0.8M last year.

• The company declared and paid a ₪4M dividend in April 2026.

Financial highlights

• Cash and cash equivalents at March 31, 2026, were ₪98.1M, down from ₪147.9M at year-end 2025.

• Total assets stood at ₪709.7M, with equity attributable to shareholders at ₪215.4M.

• Working capital remained positive at ₪213M, though lower than the previous quarter.

• Order backlog reached ₪1.62B.

Outlook and guidance

• Management expects continued uncertainty due to ongoing regional conflict, but sees potential for increased infrastructure demand post-conflict.

• Inflation and interest rate trends are not expected to materially impact results, given the structure of costs and financing.