Real-estate & investment company.
IAS exits 2025 with sharp accounting earnings, a very strong balance sheet, and broad liquidity, but the real economic story still depends on turning Palmachim and Airpark from mature optionality into assets that generate cash.
Palmachim has real value, but year-end 2025 shows that the nearest route to cash runs first through repricing the existing desalination plant on concession renewal, while the wider desalination and land-use story remains a longer and more conditional option.
Airpark moved forward in 2025 from land and planning optionality into a more advanced stage of permits and plot rights, but the path to revenue still runs through leasing, development, full executable permits, and binding commercial contracts.
