2025 Revenue Increased 7.2% to ILS 1.43 billion; Comparable Store Sales Increased 4.4%; Gross Margin Increased 220 Basis Points; Adjusted EBITDA Increased 22.4%;
GAAP Net Income (100%) Increased 13.6%
Declares ILS 80 million, ~ ILS 0.57 per share, One-Time Dividend
CAESAREA, Israel, March 16, 2026 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today reported financial results for the fourth quarter and year ended December 31, 2025.
Fourth Quarter 2025 Summary
Revenue increased 7.5% to ILS 352.6 million
Comparable store sales increased 5.3%
Gross margin increased 330 basis points to 45.2%
GAAP net income (100%) increased 15.5% to ILS 33.3 million
Adjusted Net income1 (attributable to shareholders) increased 19.5% to ILS 30.8 million
Adjusted EPS1 (attributable to shareholders) increased 19.0% to ILS 0.22
Adjusted EBITDA2 increased 28.4% to ILS 59.8 million
2025 Full Year Summary
Revenue increased 7.2% to ILS 1.43 billion
Comparable store sales increased 4.4%
Gross margin increased 220 basis points to 43.9%
GAAP net income (100%) increased 13.6% to ILS 137.6 million
Adjusted Net income1 (attributable to shareholders) increased 14.7% to ILS 125.0 million
Adjusted EPS1 (attributable to shareholders) increased 14.6% to ILS 0.90
Adjusted EBITDA2 increased 22.4% to ILS 233.5 million
Ori Max, Chief Executive Officer, stated, "Our fourth quarter performance represents a strong finish to record year for Max Stock. Comparable sales increased 5.3%, our highest quarterly growth rate of 2025, on top of a 12.6% gain in the year ago period. At the same time, gross margins exceeded 45% for the first time in company history after increasing 330 basis point year-over-year. These fantastic results were driven by successful merchandise that are increasingly resonating with consumers, combined with the margin benefits that also reflect our recent actions to enhance the efficiency of our supply chain.
We entered 2026 with good momentum, and while the current geopolitical events in the region have caused some disruptions in our store operations, we are confident in our ability to build on our recent accomplishments and create further shareholder value."
Fourth Quarter Results (2025 compared with 2024)
Revenue increased 7.5% to ILS 352.6 million in the fourth quarter 2025 as compared with revenue of ILS 328.1 million in the fourth quarter 2024. The increase over the same period last year was driven by a 5.3% increase in comparable store sales, driven by an increase in average basket size and higher store traffic, and an increase in seasonal sales compared to the year-ago period combined with the opening of new stores.
Gross profit increased 16.0% to ILS 159.4 million in the fourth quarter 2025 from ILS 137.4 million in the fourth quarter 2024. Gross margin was 45.2% as compared to ...
