Y.H. Dimri Construction & Development (DIMRI) investor relations material

Executive summary

• Net income for Q1 2026 was ₪495.6 million, with a market cap of ₪8.8 billion as of June 1, 2026, and equity of ₪3.74 billion.

• Revenue for Q1 2026 totaled ₪408 million, with a gross profit margin of 50.3%, reflecting a shift in project mix and absence of one-time land sales from the prior year.

• Listed on the TA-35 index with an A1 credit rating (stable outlook).

• Dividend policy targets distribution of 33%-40% of net income, with two distributions totaling ₪90 million approved in 2026.

• The company operates across residential development, urban renewal, and income-producing real estate, with over 41,000 residential units in planning and execution and 92,000 sqm of income-producing properties at 92% occupancy.

Financial highlights

• Cash and equivalents, financial assets, receivables, and balances totaled ₪1,138 million as of March 31, 2026.

• Total assets stood at ₪9,763 million, with equity of ₪3,737 million and bank/credit liabilities of ₪4,097 million.

• EBITDA for Q1 2026 was ₪298 million, compared to ₪812 million in Q1 2025.

• Q1 2026 sales for residential units reached 177 units (company share: 170), with a total value of ₪485.8 million (company share: ₪421.9 million).

• Gross profit not yet recognized in projects (inventory, construction, planning) is approximately ₪3,142 million.

Outlook and guidance

• Management expects continued stabilization in residential demand, with a cautious recovery in new home sales post-military operation.

• Expected permits for 2026-2028: 8,468 units; expected claim approvals: 10,183 units.

• Additional potential from land reserves (12,568 units) and urban renewal projects in various stages (36,077 units).