R

Reshef

The company develops, manufactures and markets fuzes and military electronic products.

Sector: DefenceMarket cap: NIS 1.6B
All analyses

Analyses on Reshef (1)

Reshef 2025: Profit Exploded, but 2026 Will Test Cash Quality

Reshef finished 2025 with an exceptional jump in revenue and profitability, but the very rich year-end cash position reflects not only operations but also an equity raise, a dividend, and sharp working-capital moves. 2026 will decide whether this is a permanent step-up for a spe…

March 27, 2026
R
Follow-up dives

Follow-up dives on Reshef (2)

Follow-up

Reshef: How Much of the 2025 Cash Pile Really Came From Operations

Reshef's year-end cash pile was real and very large, but it was not built by operations alone: after dividends, CAPEX, loan repayment, and lease repayment, the year itself left only about NIS 103.5 million, while the rest leaned on a large equity raise and deposit releases.

March 27, 2026
R
Follow-up

Reshef: What Receivables, Inventory, and Customer Advances Say About 2025 Quality

Reshef ended 2025 with a real jump in profit, but the quality of the year weakened inside working capital: not because of inventory, but because the company moved from a model in which customers funded a large part of execution to one in which Reshef carried more of the trade fi…

March 27, 2026
R