Construction & real estate.
GEFFEN R&R ended 2025 as a much larger platform company with a stronger balance sheet, but without the accounting recognition and cash generation that would already justify the full size of the promise.
Ashdod carries too much of GEFFEN's visible near-term economics: Jabotinsky and Pladot together hold about NIS 286.4 million of expected gross profit, roughly 63% of the disclosed near-term headline, so the real 2026 debate becomes a debate about Ashdod timing and project econom…
GEFFEN’s post-2025 capital structure looks stronger in the headline, but in practice it is built from layers of dilution, controller debt, convertible bonds, bridge credit, and a partner deal that splits between parent-level equity and expensive funding for future activity.
