Building residential projects in israel.
Netanel Group returned in 2025 to meaningful revenue, gross profit, and net income, but the real test is still financial: whether project progress and fresh equity are enough to turn the accounting recovery into balance-sheet stability.
The main gap at Netanel is not between a small pipeline and a large pipeline, but between projects that are already close to revenue and projects that still sit at the permit, signature, or option stage. Modiin is closest to conversion, while Ramat Gan and Beit Dagan are not the…
The January 2026 deal buys Netanel time, but it does not resolve the covenant-room question. The company entered year-end 2025 with a 16.98% equity-to-balance-sheet ratio and 82.4% net financial debt to net CAP, so the room exists but remains narrow.
