Provides infrastructure, telecomunication & energy solutions.
Nextcom enters 2026 with a NIS 903 million backlog and supportive end markets, but 2025 showed that the real debate is not whether work exists. It is whether the company can convert a concentrated backlog into profit and cash without leaning harder on funding and guarantee capac…
Nextcom looks diversified across communications and renewable energy, but the real customer base is much more concentrated: Hot and Doral together account for about 32.9% of revenue, and inside each operating leg the dependence on a narrow customer group runs even deeper.
Nextcom ends 2025 with comfortable covenant room, but real execution capacity is tighter than the near net-cash accounting snapshot implies. The Series C reopening, the guarantee-heavy contract structure, and the NIS 903 million forecast backlog mean the balance sheet bought tim…
In 2025 Nextcom did not prove that its cash model had become light. Customers and accrued revenue came down and operating cash flow was positive, but NIS 141.9 million still sat on the customer side of the balance sheet against only NIS 10.1 million of customer-related balances…
