Gas filling stations & energy marketing.
Dor Alon exited 2025 with a stronger operating business, but with limited financing flexibility that had to be reinforced quickly through Series T.
Herzliya is first and foremost a booked balance-sheet anchor, and only after that optionality. The asset stands at NIS 1.470 billion, but the latest planning update added only NIS 3 million, and the bulk of the value, NIS 1.213 billion, sits in plots 2001-2003 rather than in plo…
Series T improved Dor Alon's debt structure, but mainly in the public bond layer. It extended duration, diversified funding sources, and added new unsecured debt at an A2.il stable rating, yet against the scale of short-term debt and revolving bank credit it mostly bought time r…
Dor Alon finished 2025 with strong profitability but almost no truly free cash left after the year's real uses. Operating cash flow was NIS 424.0 million, yet working capital, investment, leases, interest and dividends absorbed almost all of it, leaving the cash balance itself a…
