Bakeries producing breads, cakes & pastries.
Angel returned to profit in 2025, but the earnings engine is still the US activity while Israel is only moving back toward break-even and true cash flexibility remains limited.
Shlomo A. Angel returned to group operating profit in 2025, but margins in Israel are still exposed to a timing gap between regulated bread pricing, which is decided outside the company, and minimum wage, which keeps moving up almost automatically.
Angel’s U.S. activity is already a real profit engine, but the shareholders of the listed company only own part of the economics. In 2025, that structural gap moved from a footnote to the bottom line: out of NIS 13.0 million of net profit, only NIS 1.4 million was attributed to…
Shlomo A. Angel's end-2025 cash balance looks comfortable, but under a full cash-flexibility reading a large part of it is already occupied by supplier funding, leases, repayments and short-term rollover needs.
