Amram

Building residential projects in israel.

Sector: ConstructionMarket cap: NIS 3.2B
All analyses

Analyses on Amram (1)

Amram in 2025: Revenue surged, but the sales engine is already under more strain

Amram exits 2025 with strong reported growth in revenue, equity, and backlog, but the real test has shifted from deliveries to whether the company can rebuild free-market sales momentum without putting further pressure on funding and working capital.

April 1, 2026
Follow-up dives

Follow-up dives on Amram (3)

Follow-up

Amram: How much of the profit comes from revaluation, and how much from operating economics

In 2025, Amram did not generate profit only from revaluation, but a large share of the improvement versus 2024 did come from that line. Without fair-value gains, pretax profit would have been only NIS 170.0 million, while net finance cost stood at NIS 111.9 million and financial…

April 1, 2026
Follow-up

Amram: What the March 2026 urban-renewal acquisition really adds

The Sinco deal pushes Amram deeper into the exact model it had already been building around: urban renewal driven by partnerships and shareholder loans. On paper this is a 50% acquisition, but in practice it adds execution scope and the possibility of capital exposure well beyon…

April 1, 2026
Follow-up

Amram: The real test is working capital and funding, not just revenue

In 2025, Amram moved from a model where customers funded a meaningful share of activity to one where the balance sheet and debt did more of the work. Contract assets rose above customer liabilities, operating cash flow was negative even before land purchases, and the gap was clo…

April 1, 2026