RGA in 2025: Growth Is Here, Now Comes the Funding and Dilution Test
RGA ended 2025 with real operating improvement, but the right way to read the company has shifted from simple growth to a test of funding, integration, and dilution.
March 25, 2026
R.G.A.
Waste management services
Sector: ServicesMarket cap: NIS 329M
All analyses
Analyses on R.G.A. (1)
Follow-up dives
Follow-up dives on R.G.A. (3)
Follow-up
RGA: The 2026 Dilution Map
At RGA, the 2026 dilution discussion does not begin with the 4.624 million management options. It begins with a denominator that already changed in practice. After 38.978 million new shares and 19.489 million Series 3 warrants were approved for listing, the basic share count ros…
March 25, 2026
Follow-up
RGA: How Much Margin for Error Is Embedded in the New Acquisition Goodwill
The Yosef Morris deal is large enough relative to RGA’s equity that any imprecision in the purchase-price map, contingent consideration or non-compete value can move quickly from footnote detail into balance-sheet quality.
March 25, 2026
Follow-up
RGA: How a ILS 1.39 Billion Backlog Still Ends With ILS 2.1 Million of Cash
RGA does not have a demand problem. It has a built-in funding gap: most revenue comes from municipalities on current month plus 90 day terms, average customer credit exceeded supplier credit by ILS 75.8 million, and growth itself requires equipment and debt before cash comes bac…
March 25, 2026
Same sector
