Developing software solutions & computer services.
Top Group ended 2025 with a real improvement in mix, margins, and cash flow, but 2026 already opens with the Sofistik integration test and with a need to prove that portfolio expansion is actually lifting earnings quality.
2025 cash flow is strong enough to keep bank pressure low for now, but not strong enough to make Top Group's acquisition-heavy balance sheet feel light: more than half of operating cash came from lower receivables, almost all of the year's cash was absorbed by financing and inve…
The Sofistik deal is not a small bolt-on but a staged control acquisition: NIS 7.8 million in cash now, extra consideration tied to 2026 and 2027 performance, and an option to buy the remainder later. That means 2026 will be judged less on the closing itself and more on whether…
