NASDAQ : ENLT
Enlight Renewable Energy Ltd — Financial statements
Utilities · Utilities - Renewable · Israel
Last price 66.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.39B
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Financial statements
Enlight Renewable Energy Ltd (ENLT) reported revenue of 585.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 585.20M | 488.60M | 377.94M | 255.70M | 192.17M | 102.46M |
| Cost of Revenue | 164.41M | 128.11M | 76.27M | 49.27M | 38.30M | 19.68M |
| Gross Profit | 420.79M | 360.48M | 301.67M | 206.43M | 153.87M | 82.78M |
| Selling, General & Admin | 71.70M | 57.95M | 38.85M | 31.36M | 27.03M | 15.57M |
| Research & Development | 15.41M | 12.19M | 11.60M | 6.35M | 5.59M | 4.72M |
| Other Operating Expenses | -144.47M | -95.33M | -23.49M | -11.68M | 368.00K | 1.32M |
| Operating Expenses | 119.65M | 124.73M | 135.85M | 91.82M | 75.26M | 41.05M |
| Operating Income | 301.14M | 235.75M | 165.82M | 114.61M | 78.61M | 41.73M |
| Interest Expense | -145.29M | -123.03M | -94.97M | -59.34M | -55.77M | -30.80M |
| Interest & Investment Income | 31.48M | 19.39M | 15.86M | 22.12M | 20.39M | 25.80M |
| Earnings From Equity Investments | -3.50M | -3.72M | -3.35M | -330.00K | -306.00K | -189.00K |
| Currency Exchange Gain (Loss) | -17.10M | -17.10M | -3.64M | 10.25M | -617.00K | -2.70M |
| Other Non Operating Income (Expenses) | -2.82M | -2.82M | -4.19M | -2.48M | 734.00K | 3.46M |
| EBT Excluding Unusual Items | 163.92M | 108.47M | 75.52M | 84.84M | 43.03M | 37.30M |
| Merger & Restructuring Charges | -7.33M | |||||
| Gain (Loss) on Sale of Assets | -508.00K | 96.43M | 601.00K | 9.85M | ||
| Other Unusual Items | -326.00K | -326.00K | 8.66M | 31.78M | 8.02M | -2.60M |
| Pretax Income | 163.08M | 204.58M | 84.78M | 126.47M | 51.06M | 27.37M |
| Income Tax Expense | 40.77M | 43.88M | 18.27M | 28.43M | 12.94M | 5.69M |
| Earnings From Continuing Operations | 122.31M | 160.70M | 66.50M | 98.04M | 38.11M | 21.68M |
| Net Income to Company | 122.31M | 160.70M | 66.50M | 98.04M | 38.11M | 21.68M |
| Minority Interest in Earnings | -32.58M | -28.60M | -22.30M | -27.12M | -13.36M | -10.46M |
| Net Income | 89.73M | 132.10M | 44.21M | 70.92M | 24.75M | 11.22M |
| Net Income to Common | 89.73M | 132.10M | 44.21M | 70.92M | 24.75M | 11.22M |
| Shares Outstanding (Basic) | 132.81M | 123.72M | 118.29M | 115.72M | 97.34M | 93.75M |
| Shares Outstanding (Diluted) | 143.38M | 132.62M | 123.31M | 123.86M | 99.98M | 98.11M |
| EPS (Basic) | 0.68 | 1.07 | 0.37 | 0.61 | 0.25 | 0.12 |
| EPS (Diluted) | 0.63 | 1.00 | 0.36 | 0.57 | 0.25 | 0.12 |
| Free Cash Flow | -2.15B | -1.53B | -643.98M | -581.36M | -565.77M | -440.73M |
| Free Cash Flow Per Share | -14.96 | -11.54 | -5.22 | -4.69 | -5.66 | -4.49 |
| Gross Margin | 71.91% | 73.78% | 79.82% | 80.73% | 80.07% | 80.80% |
| Operating Margin | 51.46% | 48.25% | 43.88% | 44.82% | 40.91% | 40.73% |
| Profit Margin | 15.33% | 27.04% | 11.70% | 27.74% | 12.88% | 10.95% |
| Free Cash Flow Margin | -366.54% | -313.13% | -170.39% | -227.36% | -294.41% | -430.15% |
| EBITDA | 468.15M | 375.67M | 266.71M | 174.76M | 120.88M | 62.23M |
| EBITDA Margin | 80.00% | 76.89% | 70.57% | 68.34% | 62.90% | 60.74% |
| D&A For EBITDA | 167.01M | 139.93M | 100.89M | 60.15M | 42.27M | 20.50M |
| EBIT | 301.14M | 235.75M | 165.82M | 114.61M | 78.61M | 41.73M |
| EBIT Margin | 51.46% | 48.25% | 43.88% | 44.82% | 40.91% | 40.73% |
| Effective Tax Rate | 25.00% | 21.45% | 21.56% | 22.48% | 25.35% | 20.80% |
| Revenue as Reported | 726.70M | 582.26M | 398.80M | 261.14M | 192.17M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.17B | 528.50M | 387.43M | 403.81M | 193.87M | 265.93M |
| Short-Term Investments | 5.31M | 4.05M | ||||
| Trading Asset Securities | 975.00K | 805.00K | 33.90M | 39.36M | ||
| Cash & Short-Term Investments | 1.17B | 528.50M | 388.40M | 409.92M | 231.82M | 305.30M |
| Accounts Receivable | 111.80M | 95.12M | 50.69M | 51.17M | 47.44M | 34.69M |
| Other Receivables | 149.94M | 28.27M | 19.32M | 28.26M | 26.70M | 25.20M |
| Receivables | 262.96M | 123.91M | 70.02M | 79.43M | 88.03M | 59.88M |
| Prepaid Expenses | 34.01M | 80.33M | 32.43M | 10.26M | 2.95M | |
| Restricted Cash | 122.73M | 409.42M | 87.54M | 142.69M | 92.10M | 35.18M |
| Other Current Assets | 81.66M | 171.00K | 1.49M | 10.00M | ||
| Total Current Assets | 1.55B | 1.10B | 707.95M | 664.64M | 423.70M | 413.31M |
| Property, Plant & Equipment | 7.75B | 6.51B | 3.91B | 3.07B | 2.32B | 1.59B |
| Long-Term Investments | 203.22M | 194.89M | 123.36M | 116.67M | 132.06M | 36.14M |
| Goodwill | 148.90M | 148.80M | 148.13M | 148.13M | 148.13M | |
| Other Intangible Assets | 318.29M | 155.08M | 142.64M | 139.83M | 131.59M | 98.93M |
| Long-Term Accounts Receivable | 91.35M | 99.15M | 270.25M | |||
| Long-Term Deferred Tax Assets | 4.22M | 4.69M | 10.74M | 9.13M | 4.68M | 21.86M |
| Long-Term Deferred Charges | 380.61M | 237.36M | 357.63M | 271.92M | 212.09M | 192.56M |
| Other Long-Term Assets | 166.93M | 194.71M | 121.85M | 82.81M | 45.27M | 27.70M |
| Total Assets | 10.46B | 8.63B | 5.55B | 4.63B | 3.53B | 2.84B |
| Accounts Payable | 78.46M | 137.23M | 161.99M | 105.57M | 34.64M | 27.42M |
| Accrued Expenses | 271.97M | 49.55M | 50.47M | 41.41M | 40.30M | |
| Short-Term Debt | 67.67M | 90.00M | 565.00K | 3.16M | ||
| Current Portion of Long-Term Debt | 753.00M | 995.18M | 167.80M | 351.05M | 180.89M | 76.58M |
| Current Portion of Leases | 13.14M | 12.40M | 10.24M | 8.11M | 5.85M | 5.69M |
| Other Current Liabilities | 538.15M | 144.76M | 112.46M | 68.08M | 122.00M | 47.93M |
| Total Current Liabilities | 1.38B | 1.63B | 592.04M | 583.29M | 385.35M | 201.07M |
| Long-Term Debt | 5.38B | 3.83B | 2.65B | 2.23B | 1.88B | 1.63B |
| Long-Term Leases | 265.50M | 231.13M | 211.94M | 119.48M | 93.77M | 99.96M |
| Pension & Post-Retirement Benefits | 2.10M | 1.65M | 1.22M | 4.78M | 12.24M | 6.91M |
| Long-Term Deferred Tax Liabilities | 85.75M | 77.69M | 41.79M | 44.94M | 14.13M | 12.41M |
| Other Long-Term Liabilities | 897.35M | 862.27M | 609.32M | 217.60M | 97.97M | 123.28M |
| Total Liabilities | 8.02B | 6.63B | 4.11B | 3.20B | 2.48B | 2.08B |
| Common Stock | 3.96M | 3.71M | 3.31M | 3.29M | 2.83M | 2.55M |
| Additional Paid-In Capital | 1.74B | 1.32B | 1.03B | 1.03B | 762.52M | 556.16M |
| Retained Earnings | 293.46M | 240.02M | 107.92M | 63.71M | -7.21M | -31.96M |
| Comprehensive Income & Other | 125.11M | 124.69M | 40.77M | 73.22M | 45.97M | 5.89M |
| Total Common Equity | 2.17B | 1.69B | 1.18B | 1.17B | 804.09M | 532.64M |
| Minority Interest | 279.28M | 306.80M | 260.41M | 267.20M | 245.94M | 224.74M |
| Shareholders' Equity | 2.44B | 1.99B | 1.44B | 1.44B | 1.05B | 757.38M |
| Total Liabilities & Equity | 10.46B | 8.63B | 5.55B | 4.63B | 3.53B | 2.84B |
| Total Debt | 6.42B | 5.14B | 3.13B | 2.71B | 2.16B | 1.82B |
| Net Cash (Debt) | -5.25B | -4.61B | -2.74B | -2.30B | -1.93B | -1.51B |
| Net Cash Per Share | -36.61 | -34.77 | -22.23 | -18.54 | -19.30 | -15.44 |
| Filing Date Shares Outstanding | 139.43M | 139.44M | 119.10M | 117.96M | 117.63M | 95.56M |
| Total Common Shares Outstanding | 139.43M | 132.13M | 118.57M | 117.96M | 101.58M | 92.51M |
| Working Capital | 168.96M | -533.36M | 115.91M | 81.35M | 38.35M | 212.25M |
| Book Value Per Share | 15.53 | 12.78 | 9.96 | 9.91 | 7.92 | 5.76 |
| Tangible Book Value | 1.85B | 1.38B | 889.08M | 880.80M | 524.38M | 285.58M |
| Tangible Book Value Per Share | 13.25 | 10.48 | 7.50 | 7.47 | 5.16 | 3.09 |
| Machinery | 6.64B | 3.90B | 3.07B | 2.29B | 1.53B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 89.73M | 132.10M | 44.21M | 70.92M | 24.75M | 11.22M |
| Depreciation & Amortization | 177.01M | 149.92M | 108.89M | 65.80M | 42.27M | 20.50M |
| Loss (Gain) From Sale of Assets | 508.00K | -96.43M | -601.00K | |||
| Loss (Gain) on Equity Investments | 3.50M | 3.72M | 3.35M | 330.00K | 306.00K | 189.00K |
| Stock-Based Compensation | 17.52M | 10.47M | 8.36M | 4.97M | 8.67M | 3.98M |
| Other Operating Activities | 71.22M | 92.37M | 87.66M | -8.17M | 36.14M | 28.61M |
| Change in Accounts Receivable | -26.63M | -27.37M | -9.89M | -2.84M | -23.36M | -6.94M |
| Change in Accounts Payable | -6.33M | 5.18M | 746.00K | 15.47M | 784.00K | 1.18M |
| Change in Other Net Operating Assets | 15.72M | 12.68M | 12.55M | 3.14M | 808.00K | -6.71M |
| Operating Cash Flow | 342.24M | 282.65M | 255.28M | 149.62M | 90.38M | 52.02M |
| Capital Expenditures | -2.49B | -1.81B | -899.26M | -730.98M | -656.14M | -492.76M |
| Cash Acquisitions | -21.63M | -6.54M | -32.78M | -12.70M | -60.95M | -157.68M |
| Divestitures | 1.28M | 34.30M | 1.87M | |||
| Investment in Securities | 981.00K | -6.47M | -14.72M | 26.92M | -12.71M | -23.72M |
| Other Investing Activities | -118.02M | -389.59M | 16.20M | -81.31M | -90.20M | 36.02M |
| Investing Cash Flow | -2.62B | -2.18B | -928.68M | -798.07M | -820.00M | -644.64M |
| Long-Term Debt Issued | 2.02B | 1.12B | 707.24M | 606.91M | 867.31M | |
| Long-Term Debt Repaid | -562.34M | -734.41M | -224.57M | -132.33M | -335.24M | |
| Lease Payments | -6.54M | -8.58M | -5.85M | -4.85M | -4.33M | -6.34M |
| Total Debt Repaid | -920.34M | -562.34M | -734.41M | -224.57M | -132.33M | -335.24M |
| Net Debt Issued (Repaid) | 1.92B | 1.46B | 383.13M | 482.67M | 474.58M | 532.08M |
| Issuance of Common Stock | 710.07M | 290.75M | 15.00K | 266.46M | 206.63M | 175.10M |
| Repurchase of Common Stock | -1.75M | |||||
| Other Financing Activities | 312.78M | 253.39M | 287.95M | 106.17M | 5.27M | 45.13M |
| Financing Cash Flow | 2.95B | 2.01B | 671.10M | 855.30M | 684.74M | 752.31M |
| Foreign Exchange Rate Adjustments | 20.11M | 32.83M | -8.32M | 3.08M | -27.18M | 6.90M |
| Miscellaneous Cash Flow Adjustments | -5.75M | |||||
| Net Cash Flow | 683.27M | 141.07M | -16.38M | 209.94M | -72.06M | 166.60M |
| Free Cash Flow | -2.15B | -1.53B | -643.98M | -581.36M | -565.77M | -440.73M |
| Free Cash Flow Margin | -366.54% | -313.13% | -170.39% | -227.36% | -294.41% | -430.15% |
| Free Cash Flow Per Share | -14.96 | -11.54 | -5.22 | -4.69 | -5.66 | -4.49 |
| Levered Free Cash Flow | -2.21B | -1.60B | -702.67M | -662.42M | -592.41M | -400.98M |
| Unlevered Free Cash Flow | -2.12B | -1.52B | -643.31M | -625.33M | -557.55M | -381.73M |
| Free Cash Flow After Leases | -2.15B | -1.54B | -649.83M | -586.20M | -570.09M | -447.08M |
| Cash Interest Paid | 108.30M | 86.86M | 74.89M | 54.47M | 33.12M | 24.38M |
| Cash Income Tax Paid | 10.96M | 14.27M | 11.25M | 12.24M | 3.70M | 3.50M |
| Change in Working Capital | -17.24M | -9.51M | 3.41M | 15.77M | -21.76M | -12.47M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.39B | 6.00B | 2.05B | 2.33B | 1.96B | 2.28B |
| Enterprise Value | 14.63B | 10.30B | 5.49B | 4.76B | 3.86B | 3.91B |
| Last Close Price | 66.31 | 45.46 | 17.25 | 19.14 | 19.60 | 19.60 |
| PE Ratio | 110.35 | 45.41 | 46.41 | 32.85 | 79.06 | 202.96 |
| PS Ratio | 16.04 | 12.28 | 5.43 | 9.11 | 10.18 | 22.22 |
| PB Ratio | 3.84 | 3.01 | 1.42 | 1.62 | 1.86 | 3.01 |
| P/TBV Ratio | 5.08 | 4.33 | 2.31 | 2.65 | 3.73 | 7.97 |
| P/OCF Ratio | 27.42 | 21.22 | 8.04 | 15.57 | 21.65 | 43.76 |
| EV/Sales Ratio | 24.99 | 21.09 | 14.52 | 18.63 | 20.09 | 38.11 |
| EV/EBITDA Ratio | 31.24 | 27.42 | 20.58 | 27.26 | 31.94 | 62.75 |
| EV/EBIT Ratio | 48.57 | 43.70 | 33.10 | 41.56 | 49.12 | 93.58 |
| Debt / Equity Ratio | 2.62 | 2.58 | 2.17 | 1.89 | 2.06 | 2.40 |
| Debt / EBITDA Ratio | 13.42 | 13.33 | 11.39 | 15.00 | 17.88 | 29.24 |
| Net Debt / Equity Ratio | 2.15 | 2.31 | 1.90 | 1.60 | 1.84 | 2.00 |
| Net Debt / EBITDA Ratio | 11.21 | 12.27 | 10.28 | 13.14 | 15.96 | 24.34 |
| Net Debt / FCF Ratio | -2.45 | -3.01 | -4.26 | -3.95 | -3.41 | -3.44 |
| Asset Turnover | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.04 |
| Quick Ratio | 1.03 | 0.40 | 0.77 | 0.84 | 0.79 | 1.82 |
| Current Ratio | 1.12 | 0.67 | 1.20 | 1.14 | 1.10 | 2.06 |
| Return on Equity (ROE) | 5.98% | 9.35% | 4.62% | 7.89% | 4.22% | 3.41% |
| Return on Assets (ROA) | 2.18% | 2.08% | 2.04% | 1.75% | 1.54% | 1.12% |
| Return on Invested Capital (ROIC) | 3.11% | 3.43% | 3.29% | 2.65% | 2.23% | 1.72% |
| Return on Capital Employed (ROCE) | 3.30% | 3.40% | 3.30% | 2.80% | 2.50% | 1.60% |
| Earnings Yield | 0.91% | 2.20% | 2.15% | 3.04% | 1.26% | 0.49% |
| FCF Yield | -22.85% | -25.50% | -31.39% | -24.95% | -28.91% | -19.36% |
| Buyback Yield / Dilution | -14.37% | -7.55% | 0.44% | -23.89% | -1.91% | -25.30% |