Manufactures smart covers for agriculture & industry.
Ginegar enters 2026 with a real global growth platform, but 2025 showed that profitability and cash generation weakened just as the company leaned harder on short-term funding and international expansion.
Ginegar ended 2025 with a decent reported cash balance, but not with truly free cash: working capital absorbed the operating base and the year-end balance was preserved mainly through short-term credit, related-party loans, and bank funding.
India is already material for Ginegar, but in the 2025 reporting cycle it is still a platform under construction rather than a fully controlled operating platform.
Flextech and the technical segment are no longer a side activity inside Ginegar. They are now the main profit engine. In 2025 they generated only about 31.7% of sales, but about 64.3% of total segment profit, and the Italy expansion shows management is allocating the next layer…
