Building residential projects in israel.
Reik Aspen exited 2025 with stronger earnings and stronger equity, but the quality of the improvement still depends on whether advanced projects can turn into free surplus and credible debt service.
In 2025 Reik Aspen improved revenue and gross profit, but cash is still getting trapped between deferred sales terms, contract assets that rose to NIS 223.3 million, and project surplus that remains inside project accounts. So the profit improvement still has not turned into rea…
Reik Aspen's Series A bonds pass the collateral test at the end of 2025, but the cushion only looks comfortable on paper: 1.33 against a reduced 1.25 floor, after the company already disclosed a recalculated 1.18 ratio for September 30, 2024. So the real issue is not whether col…
