Announcement • May 26
Amiad Water Systems Ltd., Annual General Meeting, Jul 05, 2026 Amiad Water Systems Ltd., Annual General Meeting, Jul 05, 2026. Location: co. offices, Israel Reported Earnings • May 25
First quarter 2026 earnings released: EPS: US$0.007 (vs US$0.003 in 1Q 2025) First quarter 2026 results: EPS: US$0.007 (up from US$0.003 in 1Q 2025). Revenue: US$30.0m (down 8.4% from 1Q 2025). Net income: US$199.0k (up 90% from 1Q 2025). Profit margin: 0.7% (up from 0.3% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 170% Cash payout ratio: 108% Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (₪246.7m market cap, or US$77.7m). Reported Earnings • Nov 30
Third quarter 2025 earnings released: US$0.047 loss per share (vs US$0.057 loss in 3Q 2024) Third quarter 2025 results: US$0.047 loss per share (improved from US$0.057 loss in 3Q 2024). Revenue: US$28.7m (flat on 3Q 2024). Net loss: US$1.44m (loss narrowed 19% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2025 earnings released: US$0.028 loss per share (vs US$0.028 profit in 2Q 2024) Second quarter 2025 results: US$0.028 loss per share (down from US$0.028 profit in 2Q 2024). Revenue: US$30.5m (down 8.0% from 2Q 2024). Net loss: US$861.0k (down 201% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. New Risk • Jun 08
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 170% Paying a dividend despite having no free cash flows. Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪245.4m market cap, or US$70.2m). Announcement • May 19
Amiad Water Systems Ltd., Annual General Meeting, Jun 22, 2025 Amiad Water Systems Ltd., Annual General Meeting, Jun 22, 2025. Location: co. offices, Israel New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 127% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 170% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin). Market cap is less than US$100m (₪236.3m market cap, or US$65.3m). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: US$0.002 (vs US$0.14 in FY 2023) Full year 2024 results: EPS: US$0.002 (down from US$0.14 in FY 2023). Revenue: US$130.8m (up 5.8% from FY 2023). Net income: US$48.0k (down 99% from FY 2023). Profit margin: 0% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 26
Third quarter 2024 earnings released: US$0.018 loss per share (vs US$0.027 profit in 3Q 2023) Third quarter 2024 results: US$0.018 loss per share (down from US$0.027 profit in 3Q 2023). Revenue: US$28.6m (up 6.0% from 3Q 2023). Net loss: US$1.78m (down 320% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: US$0.028 (vs US$0.028 in 2Q 2023) Second quarter 2024 results: EPS: US$0.028 (in line with 2Q 2023). Revenue: US$33.1m (up 1.7% from 2Q 2023). Net income: US$851.0k (flat on 2Q 2023). Profit margin: 2.6% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪10.74, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 22x in the Machinery industry in Asia. Total returns to shareholders of 4.2% over the past year. New Risk • Apr 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 84% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₪304.0m market cap, or US$80.5m). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: US$0.20 (vs US$0.14 in FY 2022) Full year 2023 results: EPS: US$0.20 (up from US$0.14 in FY 2022). Revenue: US$123.7m (up 2.0% from FY 2022). Net income: US$4.28m (up 1.6% from FY 2022). Profit margin: 3.5% (in line with FY 2022). Announcement • Mar 22
Amiad Water Systems Ltd. to Report Q4, 2023 Results on Mar 26, 2024 Amiad Water Systems Ltd. announced that they will report Q4, 2023 results on Mar 26, 2024 Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: US$0.027 (vs US$0.034 in 3Q 2022) Third quarter 2023 results: EPS: US$0.027 (down from US$0.034 in 3Q 2022). Revenue: US$27.0m (down 13% from 3Q 2022). Net income: US$809.0k (down 21% from 3Q 2022). Profit margin: 3.0% (down from 3.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: US$0.028 (vs US$0.043 in 2Q 2022) Second quarter 2023 results: EPS: US$0.028. Revenue: US$32.6m (down 3.8% from 2Q 2022). Net income: US$852.0k (up 4.4% from 2Q 2022). Profit margin: 2.6% (up from 2.4% in 2Q 2022). The increase in margin was driven by lower expenses. New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪365.1m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₪365.1m market cap, or US$98.6m). Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$29.4m (down 4.8% from 1Q 2022). Net income: US$207.0k (down 95% from 1Q 2022). Profit margin: 0.7% (down from 12% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: US$0.14 (vs US$0.20 in FY 2021) Full year 2022 results: EPS: US$0.14 (down from US$0.20 in FY 2021). Revenue: US$121.2m (up 5.2% from FY 2021). Net income: US$4.21m (down 31% from FY 2021). Profit margin: 3.5% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Statutory External Director Avital Refaely was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Aug 26
Amiad Water Systems Ltd. to Report Q2, 2022 Results on Aug 29, 2022 Amiad Water Systems Ltd. announced that they will report Q2, 2022 results on Aug 29, 2022 Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Statutory External Director Avital Refaely was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 23
Amiad Water Systems Ltd. to Report Q4, 2021 Results on Mar 22, 2022 Amiad Water Systems Ltd. announced that they will report Q4, 2021 results on Mar 22, 2022 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₪15.97, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 22x in the Machinery industry in Asia.