Development & construction of urban renewal projects.
Ab-Gad proved in 2025 that it can expand its project base and move more projects into execution, but the year also showed again that the key bottleneck is funding the long path until the backlog turns into real surplus cash.
At Tel Mond, Ab-Gad moved quickly from abstract planning risk to a sharper test: whether it makes sense to keep funding a project while the petition attacks the unit count, public areas, parking, and profit assumptions that support its economics.
Ab-Gad ends 2025 with a real backlog and forecast project surplus, but not with liquidity that already reflects them. In practice, the year created a deep pre-financing cash gap, and the company still relies on debt, partners, and equity-like funding to carry the long wait until…
Kinneret may have been defensible as an accounting asset at the December 31, 2025 cut-off, but the February 1, 2026 letter exposed that the main question had already shifted to contractual enforceability and project funding.
