Gilad May 2025: The business got bigger, but not stronger yet
Gilad May exited 2025 with a broader operating platform, but not with stronger economics; 2026 is now a test of financing, execution, and inventory-to-cash conversion.
March 18, 2026
Building residential projects in israel.
Gilad May exited 2025 with a broader operating platform, but not with stronger economics; 2026 is now a test of financing, execution, and inventory-to-cash conversion.
Gilad May’s 2025 jump was mainly a jump in turnover rather than in revenue quality, because almost half of revenue came from rights sales with no gross profit while apartment sales and profitability weakened.
Gilad May has more project financing after Tiberias and Tzfat, but the amount of free equity headroom left above the company is still narrow, especially once Nof HaGalil is added without closed funding.