Build residential projects
Megido ended 2025 with a sharp jump in profit and equity, but the core question for 2026 is not whether there is backlog. It is whether backlog, inventory, and the new project load can turn into deliveries and cash without requiring another heavy layer of funding.
Megido's purchase-tax filing is not only a potential refund story. It is a visible stress test of subsidized-project economics: when consumer pricing is fixed early and capital stays tied up for longer, even a NIS 13 million to NIS 15.5 million tax line can matter for margin.
The Moradot Afula contract confirms that Megido is no longer dealing with a one-off related-party transaction. It is actively building a contracting arm inside the Aura ecosystem. That can become a moat of scale and workload continuity, but also a dependence risk if disclosure a…
