Marketing of products to the flow industries.
Mendelson finished 2025 with strong cash generation and a more comfortable balance sheet, but the real test has shifted from whether the company can grow to whether it can turn that improvement back into operating margin.
Tzora and Beer Sheva show that Mendelson is allocating more capital to a physical service moat, so the question is no longer whether the balance sheet is strong, but whether those investments will return better margin, inventory rotation, and service quality.
Mendelson ended 2025 with strong cash flow and a sharp reduction in bank debt, but part of that quality still leaned on a favorable credit cycle: NIS 24.1 million of working-capital tailwind, long customer terms, domestic supplier funding, and credit insurance covering a large s…
