Producing thermoplastic panels.
Palram entered 2026 with a comfortable balance sheet and a better earnings mix, but the core is still soft: polycarbonate and DIY-oriented products in North America and Europe weakened, and display and fabrication now carry too much of group earnings quality.
Palram's 2025 contraction was first and foremost a North America and Europe DIY-channel contraction, not an isolated home-products issue, because the pressure showed up across three activity areas and in the two regions that still generate more than 70% of revenue.
Display and POS has already changed Palram's profit mix and became the clear quality engine of 2025, but for now it looks more like a strong profit pocket supporting a weaker group than proof that the core has recovered.
Palram's 2025 cash flow was real at the operating-business level, but the improvement versus 2024 came mainly from working-capital normalization, and after all actual cash uses the year added only ILS 45.8 million of cash.
