Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.13 (vs ₪0.14 in 1Q 2025) First quarter 2026 results: EPS: ₪0.13 (down from ₪0.14 in 1Q 2025). Revenue: ₪256.4m (up 4.8% from 1Q 2025). Net income: ₪10.9m (down 3.6% from 1Q 2025). Profit margin: 4.3% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 68% 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. This is currently the only risk that has been identified for the company. Duyuru • Apr 01
G1 Secure Solutions Ltd, Annual General Meeting, May 05, 2026 G1 Secure Solutions Ltd, Annual General Meeting, May 05, 2026. Location: co. offices, Israel Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: ₪0.48 (vs ₪0.26 in FY 2024) Full year 2025 results: EPS: ₪0.48 (up from ₪0.26 in FY 2024). Revenue: ₪1.01b (up 5.0% from FY 2024). Net income: ₪38.7m (up 88% from FY 2024). Profit margin: 3.8% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: ₪0.11 (vs ₪0.11 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.11 (in line with 3Q 2024). Revenue: ₪261.1m (up 4.3% from 3Q 2024). Net income: ₪10.1m (up 15% from 3Q 2024). Profit margin: 3.9% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Aug 18
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 Earnings have declined by 7.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: ₪0.12 (vs ₪0.11 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.12 (up from ₪0.11 in 2Q 2024). Revenue: ₪245.6m (up 2.9% from 2Q 2024). Net income: ₪9.92m (up 9.9% from 2Q 2024). Profit margin: 4.0% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₪6.89, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 18x in the Commercial Services industry in Israel. Total returns to shareholders of 76% over the past three years. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: ₪0.14 (vs ₪0.04 in 1Q 2024) First quarter 2025 results: EPS: ₪0.14 (up from ₪0.04 in 1Q 2024). Revenue: ₪244.6m (up 6.7% from 1Q 2024). Net income: ₪11.3m (up 277% from 1Q 2024). Profit margin: 4.6% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: ₪0.26 (vs ₪0.39 in FY 2023) Full year 2024 results: EPS: ₪0.26 (down from ₪0.39 in FY 2023). Revenue: ₪964.6m (up 9.8% from FY 2023). Net income: ₪20.6m (down 34% from FY 2023). Profit margin: 2.1% (down from 3.6% 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 1% per year whereas the company’s share price has increased by 1% per year. New Risk • Mar 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪368.1m (US$99.6m) 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: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪368.1m market cap, or US$99.6m). Duyuru • Feb 12
G1 Secure Solutions Ltd, Annual General Meeting, Mar 17, 2025 G1 Secure Solutions Ltd, Annual General Meeting, Mar 17, 2025. Location: company offices, Israel Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: ₪0.11 (vs ₪0.10 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.11 (up from ₪0.10 in 3Q 2023). Revenue: ₪250.4m (up 11% from 3Q 2023). Net income: ₪8.73m (up 8.1% from 3Q 2023). Profit margin: 3.5% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. New Risk • Sep 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪368.1m (US$97.8m) 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: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪368.1m market cap, or US$97.8m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: ₪0.11 (vs ₪0.10 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.11 (up from ₪0.10 in 2Q 2023). Revenue: ₪238.6m (up 6.9% from 2Q 2023). Net income: ₪9.03m (up 13% from 2Q 2023). Profit margin: 3.8% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪380.8m (US$99.3m) 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: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₪380.8m market cap, or US$99.3m). Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ella Vaiman was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% 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 Earnings have declined by 10% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by earnings (102% payout ratio). Reported Earnings • May 29
First quarter 2024 earnings released: EPS: ₪0.04 (vs ₪0.11 in 1Q 2023) First quarter 2024 results: EPS: ₪0.04 (down from ₪0.11 in 1Q 2023). Revenue: ₪229.2m (up 7.2% from 1Q 2023). Net income: ₪3.01m (down 65% from 1Q 2023). Profit margin: 1.3% (down from 4.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: ₪0.39 (vs ₪0.39 in FY 2022) Full year 2023 results: EPS: ₪0.39 (up from ₪0.39 in FY 2022). Revenue: ₪878.7m (up 6.2% from FY 2022). Net income: ₪31.2m (up 1.7% from FY 2022). Profit margin: 3.6% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Duyuru • Dec 02
G1 Secure Solutions Ltd, Annual General Meeting, Jan 04, 2024 G1 Secure Solutions Ltd, Annual General Meeting, Jan 04, 2024, at 17:00 Israel Standard Time. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ₪0.10 (vs ₪0.11 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.10. Revenue: ₪223.1m (up 10.0% from 2Q 2022). Net income: ₪8.00m (up 3.7% from 2Q 2022). Profit margin: 3.6% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.11 (vs ₪0.09 in 1Q 2022) First quarter 2023 results: EPS: ₪0.11 (up from ₪0.09 in 1Q 2022). Revenue: ₪214.0m (up 5.6% from 1Q 2022). Net income: ₪8.58m (up 15% from 1Q 2022). Profit margin: 4.0% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Buying Opportunity • May 23
Now 21% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be ₪4.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₪0.39 (vs ₪0.32 in FY 2021) Full year 2022 results: EPS: ₪0.39 (up from ₪0.32 in FY 2021). Revenue: ₪827.1m (up 2.8% from FY 2021). Net income: ₪30.7m (up 22% from FY 2021). Profit margin: 3.7% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman Lilach Asher-Topilsky was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: ₪0.07 (vs ₪0.07 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.07 (in line with 3Q 2021). Revenue: ₪208.7m (up 3.9% from 3Q 2021). Net income: ₪7.15m (up 25% from 3Q 2021). Profit margin: 3.4% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 02
First quarter 2022 earnings released First quarter 2022 results: Revenue: ₪202.6m (up 4.0% from 1Q 2021). Net income: ₪7.46m (up 4.5% from 1Q 2021). Profit margin: 3.7% (in line with 1Q 2021). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₪4.76, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Commercial Services industry in Asia. Negligible returns to shareholders over past three years. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.07 (down from ₪0.12 in 3Q 2020). Revenue: ₪200.9m (down 6.7% from 3Q 2020). Net income: ₪5.72m (down 43% from 3Q 2020). Profit margin: 2.8% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS ₪0.09 (vs ₪0.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪199.9m (down 1.3% from 2Q 2020). Net income: ₪6.09m (down 32% from 2Q 2020). Profit margin: 3.0% (down from 4.4% in 2Q 2020). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 15% share price gain to ₪7.49, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Commercial Services industry in Asia. Total returns to shareholders of 27% over the past year. Reported Earnings • Mar 31
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪821.4m (up 1.9% from FY 2019). Net income: ₪38.8m (down 14% from FY 2019). Profit margin: 4.7% (down from 5.6% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Mar 08
New 90-day low: ₪6.61 The company is down 4.0% from its price of ₪6.91 on 08 December 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: ₪7.38 The company is up 20% from its price of ₪6.16 on 01 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₪7.03 The company is up 16% from its price of ₪6.07 on 08 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 7.0% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS ₪0.12 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₪215.4m (up 4.7% from 3Q 2019). Net income: ₪9.98m (down 9.6% from 3Q 2019). Profit margin: 4.6% (down from 5.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Nov 02
New 90-day high: ₪6.55 The company is up 20% from its price of ₪5.46 on 04 August 2020. The Israeli market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₪6.42 The company is up 17% from its price of ₪5.50 on 08 July 2020. The Israeli market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 16% over the same period.