DELEK GROUP (DLEKG) Q4 2024 earnings summary

Executive summary

• Net income attributable to shareholders reached NIS 1.4 billion for 2024, with a continued reduction in net financial debt and strong dividend distribution totaling NIS 940 million.

• Group revenues for 2024 were NIS 12 billion, up from NIS 11.96 billion in 2023, with significant Q4 improvement.

• Delek Group maintained robust capital structure with equity of NIS 8.7 billion and net financial debt of NIS 2.3 billion as of December 31, 2024.

Financial highlights

• Net income for 2024 was NIS 1.4 billion, compared to NIS 1.4 billion in 2023.

• Revenues increased to NIS 12 billion in 2024 from NIS 11.96 billion in 2023.

• Net financial debt decreased to NIS 2.3 billion at year-end 2024, down from NIS 2.9 billion at the end of 2023.

• Dividend yield reached 13.5% for 2024, with total dividends and buybacks of NIS 1.035 billion.

• Share price return over the last 12 months was +29%.

Outlook and guidance

• Strategic investment in Isracard expected to diversify portfolio and maintain moderate leverage.

• Continued focus on growth, stability, and value creation through project development and M&A.