Reported Earnings • May 23
First quarter 2026 earnings released: ₪0.47 loss per share (vs ₪0.24 profit in 1Q 2025) First quarter 2026 results: ₪0.47 loss per share (down from ₪0.24 profit in 1Q 2025). Revenue: ₪60.6m (up 2.2% from 1Q 2025). Net loss: ₪30.9m (down 376% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). New Risk • Mar 05
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 6.6% 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Mar 05
Zephyrus Wing Energies Ltd to Report Q4, 2025 Results on Mar 11, 2026 Zephyrus Wing Energies Ltd announced that they will report Q4, 2025 results on Mar 11, 2026 New Risk • Dec 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 83% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Dec 02
Third quarter 2025 earnings released: ₪0.40 loss per share (vs ₪0.18 profit in 3Q 2024) Third quarter 2025 results: ₪0.40 loss per share (down from ₪0.18 profit in 3Q 2024). Revenue: ₪36.5m (down 30% from 3Q 2024). Net loss: ₪25.8m (down 316% from profit in 3Q 2024). Buy Or Sell Opportunity • Oct 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 68% to ₪21.38. The fair value is estimated to be ₪17.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 02
Zephyrus Wing Energies Ltd, Annual General Meeting, Sep 16, 2025 Zephyrus Wing Energies Ltd, Annual General Meeting, Sep 16, 2025. Location: company offices, Israel Reported Earnings • Aug 26
Second quarter 2025 earnings released: ₪0.02 loss per share (vs ₪0.47 loss in 2Q 2024) Second quarter 2025 results: ₪0.02 loss per share (improved from ₪0.47 loss in 2Q 2024). Revenue: ₪48.4m (up 38% from 2Q 2024). Net loss: ₪1.61m (loss narrowed 95% from 2Q 2024). Buy Or Sell Opportunity • Aug 26
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to ₪16.68. The fair value is estimated to be ₪13.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 15
Zephyrus Wing Energies Ltd to Report Q2, 2025 Results on Aug 25, 2025 Zephyrus Wing Energies Ltd announced that they will report Q2, 2025 results on Aug 25, 2025 Buy Or Sell Opportunity • Aug 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₪14.90. The fair value is estimated to be ₪12.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 29
Phoenix Financial Ltd (TASE:PHOE) acquired 7.47% stake in Zephyrus Wing Energies Ltd (TASE:ZPRS) for ILS 67.4 million. Phoenix Financial Ltd (TASE:PHOE) acquired 7.47% stake in Zephyrus Wing Energies Ltd (TASE:ZPRS) for ILS 67.4 million on July 28, 2025. A cash consideration will be paid by Phoenix Financial Ltd. As part of consideration, an undisclosed value is paid towards common equity of Zephyrus Wing Energies Ltd.
Phoenix Financial Ltd (TASE:PHOE) completed the acquisition of an unknown minority stake in Zephyrus Wing Energies Ltd (TASE:ZPRS) on July 28, 2025. New Risk • Jul 24
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 6.1% 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Jun 16
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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Buy Or Sell Opportunity • May 22
Now 15% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ₪12.14. The fair value is estimated to be ₪14.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ₪0.17 (vs ₪1.37 in 1Q 2024) First quarter 2025 results: EPS: ₪0.17 (down from ₪1.37 in 1Q 2024). Revenue: ₪66.3m (up 9.4% from 1Q 2024). Net income: ₪11.2m (down 87% from 1Q 2024). Profit margin: 17% (down from 147% in 1Q 2024). Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: ₪1.27 (vs ₪4.91 in FY 2023) Full year 2024 results: EPS: ₪1.27 (down from ₪4.91 in FY 2023). Revenue: ₪199.7m (down 21% from FY 2023). Net income: ₪82.4m (down 72% from FY 2023). Profit margin: 41% (down from 118% in FY 2023). Announcement • Mar 24
Zephyrus Wing Energies Ltd to Report Q4, 2024 Results on Mar 27, 2025 Zephyrus Wing Energies Ltd announced that they will report Q4, 2024 results on Mar 27, 2025 New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (64% net profit margin). Buy Or Sell Opportunity • Mar 17
Now 21% undervalued Over the last 90 days, the stock has risen 2.3% to ₪12.58. The fair value is estimated to be ₪15.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪14.98, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 24x in the Renewable Energy industry in Israel. Total loss to shareholders of 22% over the past year. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 25% to ₪14.63. The fair value is estimated to be ₪18.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₪13.95, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 22x in the Renewable Energy industry in Israel. Total loss to shareholders of 25% over the past year. Buy Or Sell Opportunity • Jan 12
Now 22% undervalued Over the last 90 days, the stock has risen 37% to ₪14.91. The fair value is estimated to be ₪19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 25
Now 21% undervalued Over the last 90 days, the stock has risen 30% to ₪16.29. The fair value is estimated to be ₪20.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Meanwhile, the company has become profitable. New Risk • Dec 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (64% net profit margin). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₪15.85, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 22x in the Renewable Energy industry in Israel. Total loss to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪13.10, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 32x in the Renewable Energy industry in Israel. Total loss to shareholders of 17% over the past year. New Risk • Nov 13
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 5.3% 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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (64% net profit margin). New Risk • Oct 01
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 5.3% 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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (64% net profit margin). Announcement • Sep 03
Zephyrus Wing Energies Ltd, Annual General Meeting, Sep 19, 2024 Zephyrus Wing Energies Ltd, Annual General Meeting, Sep 19, 2024. Location: co. offices, Israel Announcement • Aug 27
Zephyrus Wing Energies Ltd to Report Q2, 2024 Results on Sep 01, 2024 Zephyrus Wing Energies Ltd announced that they will report Q2, 2024 results on Sep 01, 2024 New Risk • Aug 02
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 5.4% 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 Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: ₪4.91 (vs ₪1.35 loss in FY 2022) Full year 2023 results: EPS: ₪4.91 (up from ₪1.35 loss in FY 2022). Revenue: ₪251.8m (flat on FY 2022). Net income: ₪297.6m (up ₪359.8m from FY 2022). Announcement • Mar 27
Zephyrus Wing Energies Ltd to Report Q4, 2023 Results on Mar 31, 2024 Zephyrus Wing Energies Ltd announced that they will report Q4, 2023 results on Mar 31, 2024 New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks High level of debt (206% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk High level of debt (206% net debt to equity). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪15.34, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 21x in the Renewable Energy industry in Israel. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪14.41, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 26x in the Renewable Energy industry in Israel. New Risk • Oct 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 206% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks High level of debt (206% net debt to equity). Share price has been volatile over the past 3 months (7.1% average weekly change). Board Change • Apr 01
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Yehuda Rowe is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.