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

Executive summary

• Revenue for the first nine months of 2025 reached ₪1,990.6 million, with net profit at ₪528.4 million, reflecting strong profitability despite a challenging market environment.

• Gross margin for the period was 42.2%, slightly lower than 43.9% in the same period last year, mainly due to changes in project mix and a decrease in residential sales volume.

• The company continued to expand its land bank and project pipeline, with over 38,900 residential units in planning and execution, and a 97% occupancy rate in income-producing properties.

Financial highlights

• Net income for the first nine months of 2025 was ₪528.4 million, up from ₪376.0 million year-over-year.

• EBITDA for the period was ₪662 million, compared to ₪545 million in the same period last year.

• Equity attributable to shareholders increased to ₪3.26 billion as of September 30, 2025.

• Cash and cash equivalents stood at ₪491 million at period end.

• Dividend distributions during the period totaled ₪204 million.

Outlook and guidance

• Management expects continued challenges in the residential market due to high interest rates and economic slowdown, but maintains a positive long-term outlook based on a robust project pipeline and strong financial position.

• No delays in apartment deliveries have been reported, but ongoing geopolitical and economic uncertainties may impact future project timelines and profitability.