Lesico (LSCO) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was ₪1,042.7 million, down 12.9% year-over-year, mainly due to the impact of the Iron Swords war and operational delays in Israel and abroad.

• Net income for the period was ₪19.97 million, a 159.4% decrease compared to the same period last year, reflecting lower activity and increased costs.

• The company maintained a positive financial position, with cash and cash equivalents of ₪124.7 million and positive working capital of ₪214.3 million as of September 30, 2025.

Financial highlights

• Gross profit for the nine months was ₪77.1 million (7.4% margin), down from ₪99.7 million (9.7%) year-over-year.

• EBITDA for the period was ₪7.8 million, down from ₪37.3 million in the prior year.

• Operating profit was ₪28.8 million, a decrease from ₪43.6 million year-over-year.

• Cash flow from operating activities was negative at ₪31.4 million, compared to positive ₪9.8 million in the prior year.

• Total assets increased to ₪731.0 million from ₪679.0 million at year-end 2024.

Outlook and guidance

• The company expects continued uncertainty due to the regional security situation but sees potential for increased infrastructure demand as a result of reconstruction efforts.

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