Cash flow Ratio Energies - Limited Partnership

Stocks

RATI

IL0003940157

Oil & Gas Exploration and Production

Market Closed - TEL AVIV STOCK EXCHANGE Other stock markets 10:26:56 2026-07-16 am EDT			5-day change	1st Jan Change
436.20 ^ILa	+2.25%		+1.92%	-8.63%

Jul. 06	Israel launches tender to search for more natural gas in Mediterranean	RE
May. 26	Ratio Energies - Limited Partnership Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: RATIO ENERGIES - LIMITED PARTNERSHIP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	244M	322M	305M	311M	277M
Total Revenues	244M	322M	305M	311M	277M
Cost of Goods Sold, Total	37.34M	42.58M	47.74M	54.56M	48.77M
Gross Profit	207M	279M	257M	256M	228M
Selling General & Admin Expenses, Total	6.73M	9.54M	9.64M	8.48M	10.52M
Exploration / Drilling Costs, Total	1.09M	131K	1.16M	46K	21K
Depreciation & Amortization - (IS)	28M	29.67M	26.61M	28.42M	29.49M
Other Operating Expenses	-	-	580K	686K	1.02M
Other Operating Expenses, Total	35.82M	39.35M	37.98M	37.64M	41.05M
Operating Income	171M	240M	219M	219M	187M
Interest Expense, Total	-51.25M	-53.76M	-60.93M	-49.14M	-36.86M
Interest And Investment Income	291K	1.29M	5.59M	4.09M	3.53M
Net Interest Expenses	-50.96M	-52.47M	-55.34M	-45.05M	-33.33M
Currency Exchange Gains (Loss)	-2.92M	6.3M	-723K	-986K	1.35M
Other Non Operating Income (Expenses)	-707K	7.57M	4.82M	5.96M	-318K
EBT, Excl. Unusual Items	117M	201M	168M	179M	155M
Gain (Loss) On Sale Of Investments	-14.41M	-3.41M	-1.86M	2.66M	2.48M
Other Unusual Items	-140K	-1.35M	77K	85K	-
EBT, Incl. Unusual Items	102M	197M	166M	181M	157M
Income Tax Expense	24.72M	47.15M	39.56M	41.95M	31.82M
Earnings From Continuing Operations	77.44M	150M	127M	139M	125M
Net Income to Company	77.44M	150M	127M	139M	125M
Net Income - (IS)	77.44M	150M	127M	139M	125M
Net Income to Common Incl Extra Items	77.44M	150M	127M	139M	125M
Net Income to Common Excl. Extra Items	77.44M	150M	127M	139M	125M
Per Share Items
Net EPS - Basic	0.07	0.13	0.11	0.12	0.11
Basic EPS - Continuing Operations	0.07	0.13	0.11	0.12	0.11
Basic Weighted Average Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B
Net EPS - Diluted	0.07	0.13	0.11	0.12	0.11
Diluted EPS - Continuing Operations	0.07	0.13	0.11	0.12	0.11
Diluted Weighted Average Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B
Normalized Basic EPS	0.06	0.11	0.09	0.1	0.09
Normalized Diluted EPS	0.06	0.11	0.09	0.1	0.09
Dividend Per Share	0.01	0.05	0.05	0.06	0.12
Payout Ratio	-	16.72	51.25	43.03	103.76
Supplemental Items
EBITDA	199M	270M	246M	247M	216M
EBITA	171M	240M	219M	219M	187M
EBIT	171M	240M	219M	219M	187M
Total Revenues (As Reported)	244M	322M	305M	311M	277M
Effective Tax Rate - (Ratio)	24.2	23.97	23.78	23.12	20.25
Total Current Taxes	-	15.71M	22.74M	24.08M	28.59M
Total Deferred Taxes	24.72M	31.44M	16.82M	26.66M	3.23M
Normalized Net Income	72.95M	126M	105M	112M	96.64M
Interest on Long-Term Debt	26.98M	19.41M	8.09M	4.28M	4.19M
Supplemental Operating Expense Items
General and Administrative Expenses	6.73M	9.54M	9.64M	8.48M	10.52M
Exploration/Drilling Costs	1.09M	131K	1.16M	46K	21K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	873K
Total Stock-Based Compensation	-	-	-	-	873K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	125M	91.25M	87.52M	111M	88.53M
Short Term Investments	64.17M	30.36M	50.66M	10.53M	1.01M
Trading Asset Securities, Total	10.98M	24.97M	14.98M	16.41M	19.02M
Total Cash And Short Term Investments	201M	147M	153M	138M	109M
Accounts Receivable, Total	47.94M	65.33M	64.46M	69.36M	60.06M
Other Receivables	4.12M	12.05M	7.92M	19.3M	14.21M
Total Receivables	52.06M	77.38M	72.38M	88.65M	74.27M
Prepaid Expenses	820K	256K	685K	1.38M	1M
Other Current Assets, Total	-	8.69M	4.53M	2.97M	1M
Total Current Assets	253M	233M	231M	231M	185M
Net Property Plant And Equipment	57K	104K	182K	184K	198K
Long-term Investments	5.51M	6.28M	8.65M	24.41M	49.7M
Other Intangibles, Total	812M	804M	826M	839M	884M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	74.1M	75.44M	97.49M	91.55M	75.24M
Total Assets	1.14B	1.12B	1.16B	1.19B	1.19B
Liabilities
Accounts Payable, Total	44K	118K	200K	161K	108K
Accrued Expenses, Total	20.57M	17.5M	16.31M	14.74M	13.58M
Current Portion of Long-Term Debt	126M	72.46M	28.77M	18.12M	33.28M
Current Income Taxes Payable	13.92M	3.68M	12.16M	-	3.47M
Other Current Liabilities	11.56M	14.93M	25.38M	26.29M	37.8M
Total Current Liabilities	172M	109M	82.81M	59.31M	88.24M
Long-Term Debt	702M	591M	569M	510M	487M
Deferred Tax Liability Non Current	24.72M	56.17M	72.98M	99.63M	103M
Other Non Current Liabilities	20.78M	12.49M	14.16M	14.08M	17.02M
Total Liabilities	919M	768M	739M	683M	695M
Common Stock, Total	319M	319M	319M	319M	319M
Retained Earnings	-94.1M	30.45M	104M	183M	178M
Comprehensive Income and Other	1.1M	1.1M	1.1M	1.1M	1.97M
Total Common Equity	226M	350M	424M	503M	499M
Total Equity	226M	350M	424M	503M	499M
Total Liabilities And Equity	1.14B	1.12B	1.16B	1.19B	1.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.12B	1.12B	1.12B	1.12B	1.12B
ECS Total Common Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B
Book Value / Share	0.2	0.31	0.38	0.45	0.44
Tangible Book Value	-586M	-453M	-402M	-335M	-385M
Tangible Book Value Per Share	-0.52	-0.4	-0.36	-0.3	-0.34
Total Debt	827M	663M	598M	528M	520M
Net Debt	627M	517M	445M	390M	412M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	-	-	-	-	24

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	77.44M	150M	127M	139M	125M
Depreciation & Amortization - CF	28M	29.67M	26.61M	28.42M	29.49M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	28M	29.67M	26.61M	28.42M	29.49M
(Gain) Loss on Sale of Investments - (CF)	14.42M	3.41M	1.86M	-2.65M	-2.48M
Stock-Based Compensation (CF)	-	-	-	-	873K
Other Operating Activities, Total	7.48M	6.82M	31.08M	9.23M	20.75M
Change in Trading Asset Securities	-4.28M	-16.57M	10.64M	-	-
Change In Accounts Receivable	-9.73M	-17.39M	869K	-4.9M	9.29M
Change In Accounts Payable	23K	74K	82K	-39K	-53K
Change in Other Net Operating Assets	9.09M	-4.17M	-652K	-10.3M	-2.71M
Cash from Operations	122M	151M	197M	159M	180M
Capital Expenditure	-9.29M	-28.53M	-34.2M	-40.56M	-56.02M
Investment in Marketable and Equity Securities, Total	-22.62M	9.93M	-20.16M	39.71M	8.89M
Other Investing Activities, Total	-16.85M	19.25M	-24.53M	-587K	-15.7M
Cash from Investing	-48.76M	645K	-78.88M	-1.43M	-62.83M
Long-Term Debt Issued, Total	90.77M	20M	5M	24.72M	7.62M
Total Debt Issued	90.77M	20M	5M	24.72M	7.62M
Long-Term Debt Repaid, Total	-116M	-165M	-72.49M	-98.53M	-18.92M
Total Debt Repaid	-116M	-165M	-72.49M	-98.53M	-18.92M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-25M	-65M	-60M	-130M
Common & Preferred Stock Dividends Paid	-	-25M	-65M	-60M	-130M
Other Financing Activities, Total	-13.23M	-13.92M	11.48M	-	-
Cash from Financing	-38.68M	-184M	-121M	-134M	-141M
Foreign Exchange Rate Adjustments	606K	-2.55M	-1.14M	-119K	832K
Net Change in Cash	35.6M	-34.13M	-3.73M	23.85M	-22.85M
Supplemental Items
Cash Interest Paid	69.68M	62.35M	56.74M	51.79M	39.8M
Cash Income Tax Paid (Refund)	-	12.53M	13.49M	33.52M	19.17M
Levered Free Cash Flow	101M	74.27M	118M	65.61M	98.63M
Unlevered Free Cash Flow	133M	108M	156M	96.32M	122M
Change In Net Working Capital	-7.73M	43.31M	-26.54M	28.26M	-30.5M
Net Debt Issued / Repaid	-25.45M	-145M	-67.49M	-73.82M	-11.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.56	13.26	12.02	11.64	9.82
Return on Total Capital	10.23	14.52	13.47	13.32	11.4
Return On Equity %	38.58	51.9	32.76	30.09	25
Return on Common Equity	38.58	51.9	32.76	30.09	25
Margin Analysis
Gross Profit Margin %	84.73	86.77	84.35	82.45	82.38
SG&A Margin	2.75	2.96	3.16	2.73	3.8
EBITDA Margin %	81.53	83.77	80.63	79.49	78.2
EBITA Margin %	70.07	74.55	71.91	70.35	67.54
EBIT Margin %	70.07	74.55	71.91	70.35	67.54
Income From Continuing Operations Margin %	31.68	46.44	41.56	44.85	45.27
Net Income Margin %	31.68	46.44	41.56	44.85	45.27
Net Avail. For Common Margin %	31.68	46.44	41.56	44.85	45.27
Normalized Net Income Margin	29.84	39.1	34.45	35.91	34.92
Levered Free Cash Flow Margin	41.5	23.06	38.67	21.1	35.64
Unlevered Free Cash Flow Margin	54.61	33.5	51.15	30.98	43.96
Asset Turnover
Asset Turnover	0.22	0.28	0.27	0.26	0.23
Fixed Assets Turnover	3.98K	4K	2.13K	1.7K	1.45K
Receivables Turnover (Average Receivables)	5.68	5.69	4.7	4.65	4.28
Short Term Liquidity
Current Ratio	1.47	2.14	2.79	3.9	2.09
Quick Ratio	1.47	2.06	2.72	3.83	2.07
Operating Cash Flow to Current Liabilities	0.71	1.39	2.38	2.68	2.04
Days Sales Outstanding (Average Receivables)	64.32	64.2	77.63	78.76	85.35
Average Days Payable Outstanding	0.32	0.69	1.22	1.21	1.01
Long Term Solvency
Total Debt/Equity	366.34	189.27	141.19	104.92	104.16
Total Debt / Total Capital	78.56	65.43	58.54	51.2	51.02
LT Debt/Equity	310.66	168.59	134.4	101.32	97.49
Long-Term Debt / Total Capital	66.62	58.28	55.72	49.44	47.75
Total Liabilities / Total Assets	80.27	68.67	63.57	57.57	58.19
EBIT / Interest Expense	3.34	4.47	3.6	4.45	5.07
EBITDA / Interest Expense	3.89	5.02	4.04	5.03	5.87
(EBITDA - Capex) / Interest Expense	3.71	4.49	3.48	4.2	4.35
Total Debt / EBITDA	4.15	2.46	2.43	2.14	2.4
Net Debt / EBITDA	3.15	1.92	1.81	1.58	1.9
Total Debt / (EBITDA - Capex)	4.35	2.75	2.82	2.56	3.24
Net Debt / (EBITDA - Capex)	3.3	2.14	2.1	1.89	2.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.31	31.71	-5.24	1.91	-11
Gross Profit, 1 Yr. Growth %	52.98	34.9	-7.88	-0.39	-11.08
EBITDA, 1 Yr. Growth %	52.45	35.34	-8.68	0.46	-12.44
EBITA, 1 Yr. Growth %	59.66	40.13	-8.48	-0.3	-14.54
EBIT, 1 Yr. Growth %	59.66	40.13	-8.48	-0.3	-14.54
Earnings From Cont. Operations, 1 Yr. Growth %	1.01K	93.11	-15.2	9.96	-10.15
Net Income, 1 Yr. Growth %	1.01K	93.11	-15.2	9.96	-10.15
Normalized Net Income, 1 Yr. Growth %	258.31	72.6	-16.53	6.24	-13.45
Diluted EPS Before Extra, 1 Yr. Growth %	1.01K	93.11	-15.2	9.89	-10.54
Accounts Receivable, 1 Yr. Growth %	25.45	36.27	-1.33	7.59	-13.4
Net Property, Plant and Equip., 1 Yr. Growth %	-13.64	82.46	75	1.1	7.61
Total Assets, 1 Yr. Growth %	4.5	-2.3	3.99	1.97	0.7
Tangible Book Value, 1 Yr. Growth %	-9.7	-22.63	-11.26	-16.64	14.78
Common Equity, 1 Yr. Growth %	28.66	55.14	20.92	18.75	-0.76
Cash From Operations, 1 Yr. Growth %	212.18	23.65	30.32	-14.7	13.34
Capital Expenditures, 1 Yr. Growth %	-82.52	207.02	19.84	18.61	38.13
Levered Free Cash Flow, 1 Yr. Growth %	-295.54	-26.81	59.34	-44.4	50.34
Unlevered Free Cash Flow, 1 Yr. Growth %	-988.87	-19.2	44.98	-38.29	26.32
Dividend Per Share, 1 Yr. Growth %	-	331.01	0	16.67	85.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	40.7	11.72	-1.73	-4.76
Gross Profit, 2 Yr. CAGR %	-	43.65	11.47	-4.21	-5.89
EBITDA, 2 Yr. CAGR %	242.71	43.64	11.17	-4.22	-6.21
EBITA, 2 Yr. CAGR %	217.52	49.58	13.25	-4.48	-7.7
EBIT, 2 Yr. CAGR %	217.52	49.58	13.25	-4.48	-7.7
Earnings From Cont. Operations, 2 Yr. CAGR %	274.35	363.97	27.97	-3.44	-0.61
Net Income, 2 Yr. CAGR %	274.35	363.97	27.97	-3.44	-0.61
Normalized Net Income, 2 Yr. CAGR %	98.94	148.69	20.03	-5.83	-4.11
Diluted EPS Before Extra, 2 Yr. CAGR %	274.35	363.98	27.97	-3.47	-0.82
Accounts Receivable, 2 Yr. CAGR %	-	30.75	15.96	3.04	-3.47
Net Property, Plant and Equip., 2 Yr. CAGR %	-19.52	25.53	78.69	33.01	4.3
Total Assets, 2 Yr. CAGR %	3.59	1.04	0.79	2.97	1.33
Tangible Book Value, 2 Yr. CAGR %	-5.31	-16.41	-17.14	-13.99	-2.18
Common Equity, 2 Yr. CAGR %	15.75	41.28	36.96	19.83	8.56
Cash From Operations, 2 Yr. CAGR %	164.88	96.47	26.94	-2.64	-1.68
Capital Expenditures, 2 Yr. CAGR %	-77.32	-26.74	91.81	19.22	28
Levered Free Cash Flow, 2 Yr. CAGR %	-24.1	19.63	7.92	-5.88	-8.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.66	167.99	8.19	-5.41	-11.71
Dividend Per Share, 2 Yr. CAGR %	-	-	107.61	8.02	47.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	23.33	8.35	-4.92
Gross Profit, 3 Yr. CAGR %	-	-	23.88	7.37	-6.56
EBITDA, 3 Yr. CAGR %	106.64	151.44	23.46	7.48	-7.04
EBITA, 3 Yr. CAGR %	96.41	141.75	26.93	8.54	-7.96
EBIT, 3 Yr. CAGR %	96.41	141.75	26.93	8.54	-7.96
Earnings From Cont. Operations, 3 Yr. CAGR %	92.82	200.23	163.31	21.66	-5.73
Net Income, 3 Yr. CAGR %	92.82	200.23	163.31	21.66	-5.73
Normalized Net Income, 3 Yr. CAGR %	91.82	89.74	72.83	15.25	-8.44
Diluted EPS Before Extra, 3 Yr. CAGR %	88.87	200.23	163.31	21.63	-5.86
Accounts Receivable, 3 Yr. CAGR %	-	-	19.04	13.1	-2.76
Net Property, Plant and Equip., 3 Yr. CAGR %	-19.68	5.73	40.23	47.79	23.94
Total Assets, 3 Yr. CAGR %	11.63	1.59	2.01	1.18	2.21
Tangible Book Value, 3 Yr. CAGR %	10.66	-11.48	-14.73	-16.97	-5.31
Common Equity, 3 Yr. CAGR %	9.06	27.62	34.14	30.6	12.53
Cash From Operations, 3 Yr. CAGR %	72.72	105.48	71.34	9.15	2.42
Capital Expenditures, 3 Yr. CAGR %	-65.56	-45.94	-13.68	63.41	25.22
Levered Free Cash Flow, 3 Yr. CAGR %	-25.21	-25.01	31.5	-13.49	10.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.52	-14.9	118.22	-10.28	4.16
Dividend Per Share, 3 Yr. CAGR %	-	-	-	71.32	29.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	11.22
Gross Profit, 5 Yr. CAGR %	-	-	-	-	10.98
EBITDA, 5 Yr. CAGR %	99.69	76.19	61.22	70.87	10.61
EBITA, 5 Yr. CAGR %	93.66	72.11	57.54	66.7	11.74
EBIT, 5 Yr. CAGR %	93.66	57.65	57.54	66.7	11.74
Earnings From Cont. Operations, 5 Yr. CAGR %	58.42	25.11	63.65	90.72	78.33
Net Income, 5 Yr. CAGR %	58.42	25.11	63.65	90.72	78.33
Normalized Net Income, 5 Yr. CAGR %	72.19	37.65	59.02	43.37	36.55
Diluted EPS Before Extra, 5 Yr. CAGR %	54.45	23.29	61.64	90.7	78.18
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	9.46
Net Property, Plant and Equip., 5 Yr. CAGR %	-13.54	-0.38	10.6	15.9	24.57
Total Assets, 5 Yr. CAGR %	21.42	13.21	7.16	2.14	1.74
Tangible Book Value, 5 Yr. CAGR %	174.92	16.84	-1.43	-12.49	-9.92
Common Equity, 5 Yr. CAGR %	5.22	22.42	19.47	24.44	23.25
Cash From Operations, 5 Yr. CAGR %	63.56	43.52	52.7	55.61	35.7
Capital Expenditures, 5 Yr. CAGR %	-7.64	-24.64	-31.55	-25.83	1.05
Levered Free Cash Flow, 5 Yr. CAGR %	40.65	-7.15	-13.42	-17.92	13.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	48.59	0.34	-8.09	-11.26	51.95