Y.H. Dimri Construction & Development (DIMRI) Q3 2025 earnings summary

Executive summary

• Net profit for 1-9.25 was ₪528.4m; equity was ₪3.26bn at 30.09.25, with an A1.il rating and stable outlook.

• Portfolio spans 38,861 residential units across projects, land reserves and urban renewal; shares were included in the TA-35 index.

Financial highlights

• Revenue for 1-9.25 was ₪1,990.6m; net profit was ₪528.4m, up from ₪376.0m year over year.

• EBITDA was ₪662m for 1-9.25, compared with ₪545m in the same period last year.

• Residential sales totaled 536 units in 1-9.25, including 511 on the company’s share; sales value was ₪1,368m, including ₪1,292m on its share.

• From Oct. 1 to Nov. 18, 153 units sold for ₪292.3m.

• Cash and cash equivalents were ₪491m at period end; dividend distributions during the period totaled ₪204m.

Outlook and guidance

• Expected permits in 2025-27 cover ~8,698 units; expected zoning approvals cover ~10,299 units, with some projects deferred beyond 2027.

• Residential projects in execution and planning include 5,463 units, with expected revenue of ₪11,985m and gross profit of ₪3,339m; ₪2,666m of gross profit remains unrecognized.

• Residential pipeline gross margin averages 28%; urban-renewal projects with approved plans show expected revenue of ₪5,130m and gross profit of ₪1,620m, at a 32% expected margin.

• Management expects continued residential-market challenges from high interest rates and economic slowdown, while maintaining a positive long-term outlook based on the pipeline and financial position.

• No apartment-delivery delays were reported; geopolitical and economic uncertainties may affect future project timelines and profitability.