Cash flow Ratio Energies - Limited Partnership

Stocks

RATI

IL0003940157

Oil & Gas Exploration and Production

Market Closed - TEL AVIV STOCK EXCHANGE Other stock markets 07:54:59 10/06/2026 pm IST			5-day change	1st Jan Change
444.00 ^ILa	+3.40%		-1.33%	-7.00%

26/05	Ratio Energies - Limited Partnership Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
27/03	Global markets live: Microsoft, United Airlines, Mastercard, Novartis, UBS…

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Published financial data: RATIO ENERGIES - LIMITED PARTNERSHIP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	24Cr	32Cr	31Cr	31Cr	28Cr
Total Revenues	24Cr	32Cr	31Cr	31Cr	28Cr
Cost of Goods Sold, Total	3.73Cr	4.26Cr	4.77Cr	5.46Cr	4.88Cr
Gross Profit	21Cr	28Cr	26Cr	26Cr	23Cr
Selling General & Admin Expenses, Total	67.33L	95.45L	96.35L	84.84L	1.05Cr
Exploration / Drilling Costs, Total	10.93L	1L	11.56L	46T	21T
Depreciation & Amortization - (IS)	2.8Cr	2.97Cr	2.66Cr	2.84Cr	2.95Cr
Other Operating Expenses	-	-	6L	7L	10.2L
Other Operating Expenses, Total	3.58Cr	3.94Cr	3.8Cr	3.76Cr	4.11Cr
Operating Income	17Cr	24Cr	22Cr	22Cr	19Cr
Interest Expense, Total	-5.13Cr	-5.38Cr	-6.09Cr	-4.91Cr	-3.69Cr
Interest And Investment Income	3L	12.89L	55.9L	40.86L	35.31L
Net Interest Expenses	-5.1Cr	-5.25Cr	-5.53Cr	-4.51Cr	-3.33Cr
Currency Exchange Gains (Loss)	-29.2L	63.04L	-7L	-10L	13.53L
Other Non Operating Income (Expenses)	-7L	75.67L	48.22L	59.59L	-3L
EBT, Excl. Unusual Items	12Cr	20Cr	17Cr	18Cr	15Cr
Gain (Loss) On Sale Of Investments	-1.44Cr	-34.09L	-18.58L	26.55L	24.78L
Other Unusual Items	-1L	-13.54L	77T	85T	-
EBT, Incl. Unusual Items	10Cr	20Cr	17Cr	18Cr	16Cr
Income Tax Expense	2.47Cr	4.72Cr	3.96Cr	4.19Cr	3.18Cr
Earnings From Continuing Operations	7.74Cr	15Cr	13Cr	14Cr	13Cr
Net Income to Company	7.74Cr	15Cr	13Cr	14Cr	13Cr
Net Income - (IS)	7.74Cr	15Cr	13Cr	14Cr	13Cr
Net Income to Common Incl Extra Items	7.74Cr	15Cr	13Cr	14Cr	13Cr
Net Income to Common Excl. Extra Items	7.74Cr	15Cr	13Cr	14Cr	13Cr
Per Share Items
Net EPS - Basic	0.07	0.13	0.11	0.12	0.11
Basic EPS - Continuing Operations	0.07	0.13	0.11	0.12	0.11
Basic Weighted Average Shares Outstanding	112.39Cr	112.39Cr	112.39Cr	112.39Cr	112.39Cr
Net EPS - Diluted	0.07	0.13	0.11	0.12	0.11
Diluted EPS - Continuing Operations	0.07	0.13	0.11	0.12	0.11
Diluted Weighted Average Shares Outstanding	112.39Cr	112.39Cr	112.39Cr	112.39Cr	112.39Cr
Normalized Basic EPS	0.06	0.11	0.09	0.1	0.09
Normalized Diluted EPS	0.06	0.11	0.09	0.1	0.09
Dividend Per Share	0.01	0.05	0.05	0.06	0.12
Payout Ratio	-	16.72	51.25	43.03	103.76
Supplemental Items
EBITDA	20Cr	27Cr	25Cr	25Cr	22Cr
EBITA	17Cr	24Cr	22Cr	22Cr	19Cr
EBIT	17Cr	24Cr	22Cr	22Cr	19Cr
Total Revenues (As Reported)	24Cr	32Cr	31Cr	31Cr	28Cr
Effective Tax Rate - (Ratio)	24.2	23.97	23.78	23.12	20.25
Total Current Taxes	-	1.57Cr	2.27Cr	2.41Cr	2.86Cr
Total Deferred Taxes	2.47Cr	3.14Cr	1.68Cr	2.67Cr	32.28L
Normalized Net Income	7.29Cr	13Cr	11Cr	11Cr	9.66Cr
Interest on Long-Term Debt	2.7Cr	1.94Cr	80.88L	42.78L	41.93L
Supplemental Operating Expense Items
General and Administrative Expenses	67.33L	95.45L	96.35L	84.84L	1.05Cr
Exploration/Drilling Costs	10.93L	1L	11.56L	46T	21T
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	9L
Total Stock-Based Compensation	-	-	-	-	9L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	13Cr	9.13Cr	8.75Cr	11Cr	8.85Cr
Short Term Investments	6.42Cr	3.04Cr	5.07Cr	1.05Cr	10.07L
Trading Asset Securities, Total	1.1Cr	2.5Cr	1.5Cr	1.64Cr	1.9Cr
Total Cash And Short Term Investments	20Cr	15Cr	15Cr	14Cr	11Cr
Accounts Receivable, Total	4.79Cr	6.53Cr	6.45Cr	6.94Cr	6.01Cr
Other Receivables	41.17L	1.21Cr	79.17L	1.93Cr	1.42Cr
Total Receivables	5.21Cr	7.74Cr	7.24Cr	8.86Cr	7.43Cr
Prepaid Expenses	8L	3L	7L	13.82L	10.02L
Other Current Assets, Total	-	86.92L	45.34L	29.7L	10L
Total Current Assets	25Cr	23Cr	23Cr	23Cr	18Cr
Net Property Plant And Equipment	57T	1L	2L	2L	2L
Long-term Investments	55.09L	62.78L	86.49L	2.44Cr	4.97Cr
Other Intangibles, Total	81Cr	80Cr	83Cr	84Cr	88Cr
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	7.41Cr	7.54Cr	9.75Cr	9.15Cr	7.52Cr
Total Assets	114.49Cr	111.85Cr	116.31Cr	118.6Cr	119.42Cr
Liabilities
Accounts Payable, Total	44T	1L	2L	2L	1L
Accrued Expenses, Total	2.06Cr	1.75Cr	1.63Cr	1.47Cr	1.36Cr
Current Portion of Long-Term Debt	13Cr	7.25Cr	2.88Cr	1.81Cr	3.33Cr
Current Income Taxes Payable	1.39Cr	36.85L	1.22Cr	-	34.74L
Other Current Liabilities	1.16Cr	1.49Cr	2.54Cr	2.63Cr	3.78Cr
Total Current Liabilities	17Cr	11Cr	8.28Cr	5.93Cr	8.82Cr
Long-Term Debt	70Cr	59Cr	57Cr	51Cr	49Cr
Deferred Tax Liability Non Current	2.47Cr	5.62Cr	7.3Cr	9.96Cr	10Cr
Other Non Current Liabilities	2.08Cr	1.25Cr	1.42Cr	1.41Cr	1.7Cr
Total Liabilities	92Cr	77Cr	74Cr	68Cr	69Cr
Common Stock, Total	32Cr	32Cr	32Cr	32Cr	32Cr
Retained Earnings	-9.41Cr	3.05Cr	10Cr	18Cr	18Cr
Comprehensive Income and Other	11.01L	11.01L	11.01L	11.01L	19.74L
Total Common Equity	23Cr	35Cr	42Cr	50Cr	50Cr
Total Equity	23Cr	35Cr	42Cr	50Cr	50Cr
Total Liabilities And Equity	114.49Cr	111.85Cr	116.31Cr	118.6Cr	119.42Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	112.39Cr	112.39Cr	112.39Cr	112.39Cr	112.39Cr
ECS Total Common Shares Outstanding	112.39Cr	112.39Cr	112.39Cr	112.39Cr	112.39Cr
Book Value / Share	0.2	0.31	0.38	0.45	0.44
Tangible Book Value	-59Cr	-45Cr	-40Cr	-34Cr	-38Cr
Tangible Book Value Per Share	-0.52	-0.4	-0.36	-0.3	-0.34
Total Debt	83Cr	66Cr	60Cr	53Cr	52Cr
Net Debt	63Cr	52Cr	45Cr	39Cr	41Cr
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	-	-	-	-	24

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	7.74Cr	15Cr	13Cr	14Cr	13Cr
Depreciation & Amortization - CF	2.8Cr	2.97Cr	2.66Cr	2.84Cr	2.95Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	2.8Cr	2.97Cr	2.66Cr	2.84Cr	2.95Cr
(Gain) Loss on Sale of Investments - (CF)	1.44Cr	34.09L	18.6L	-26.5L	-24.77L
Stock-Based Compensation (CF)	-	-	-	-	9L
Other Operating Activities, Total	74.83L	68.21L	3.11Cr	92.28L	2.08Cr
Change in Trading Asset Securities	-42.85L	-1.66Cr	1.06Cr	-	-
Change In Accounts Receivable	-97.27L	-1.74Cr	9L	-48.95L	92.93L
Change In Accounts Payable	23T	74T	82T	-39T	-53T
Change in Other Net Operating Assets	90.88L	-41.71L	-7L	-1.03Cr	-27.07L
Cash from Operations	12Cr	15Cr	20Cr	16Cr	18Cr
Capital Expenditure	-92.94L	-2.85Cr	-3.42Cr	-4.06Cr	-5.6Cr
Investment in Marketable and Equity Securities, Total	-2.26Cr	99.32L	-2.02Cr	3.97Cr	88.86L
Other Investing Activities, Total	-1.68Cr	1.92Cr	-2.45Cr	-6L	-1.57Cr
Cash from Investing	-4.88Cr	6L	-7.89Cr	-14.33L	-6.28Cr
Long-Term Debt Issued, Total	9.08Cr	2Cr	50L	2.47Cr	76.23L
Total Debt Issued	9.08Cr	2Cr	50L	2.47Cr	76.23L
Long-Term Debt Repaid, Total	-12Cr	-16Cr	-7.25Cr	-9.85Cr	-1.89Cr
Total Debt Repaid	-12Cr	-16Cr	-7.25Cr	-9.85Cr	-1.89Cr
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-2.5Cr	-6.5Cr	-6Cr	-13Cr
Common & Preferred Stock Dividends Paid	-	-2.5Cr	-6.5Cr	-6Cr	-13Cr
Other Financing Activities, Total	-1.32Cr	-1.39Cr	1.15Cr	-	-
Cash from Financing	-3.87Cr	-18Cr	-12Cr	-13Cr	-14Cr
Foreign Exchange Rate Adjustments	6L	-25.49L	-11.4L	-1L	8L
Net Change in Cash	3.56Cr	-3.41Cr	-37.29L	2.39Cr	-2.28Cr
Supplemental Items
Cash Interest Paid	6.97Cr	6.24Cr	5.67Cr	5.18Cr	3.98Cr
Cash Income Tax Paid (Refund)	-	1.25Cr	1.35Cr	3.35Cr	1.92Cr
Levered Free Cash Flow	10Cr	7.43Cr	12Cr	6.56Cr	9.86Cr
Unlevered Free Cash Flow	13Cr	11Cr	16Cr	9.63Cr	12Cr
Change In Net Working Capital	-77.29L	4.33Cr	-2.65Cr	2.83Cr	-3.05Cr
Net Debt Issued / Repaid	-2.55Cr	-14Cr	-6.75Cr	-7.38Cr	-1.13Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.56	13.26	12.02	11.64	9.82
Return on Total Capital	10.23	14.52	13.47	13.32	11.4
Return On Equity %	38.58	51.9	32.76	30.09	25
Return on Common Equity	38.58	51.9	32.76	30.09	25
Margin Analysis
Gross Profit Margin %	84.73	86.77	84.35	82.45	82.38
SG&A Margin	2.75	2.96	3.16	2.73	3.8
EBITDA Margin %	81.53	83.77	80.63	79.49	78.2
EBITA Margin %	70.07	74.55	71.91	70.35	67.54
EBIT Margin %	70.07	74.55	71.91	70.35	67.54
Income From Continuing Operations Margin %	31.68	46.44	41.56	44.85	45.27
Net Income Margin %	31.68	46.44	41.56	44.85	45.27
Net Avail. For Common Margin %	31.68	46.44	41.56	44.85	45.27
Normalized Net Income Margin	29.84	39.1	34.45	35.91	34.92
Levered Free Cash Flow Margin	41.5	23.06	38.67	21.1	35.64
Unlevered Free Cash Flow Margin	54.61	33.5	51.15	30.98	43.96
Asset Turnover
Asset Turnover	0.22	0.28	0.27	0.26	0.23
Fixed Assets Turnover	3.98T	4T	2.13T	1.7T	1.45T
Receivables Turnover (Average Receivables)	5.68	5.69	4.7	4.65	4.28
Short Term Liquidity
Current Ratio	1.47	2.14	2.79	3.9	2.09
Quick Ratio	1.47	2.06	2.72	3.83	2.07
Operating Cash Flow to Current Liabilities	0.71	1.39	2.38	2.68	2.04
Days Sales Outstanding (Average Receivables)	64.32	64.2	77.63	78.76	85.35
Average Days Payable Outstanding	0.32	0.69	1.22	1.21	1.01
Long Term Solvency
Total Debt/Equity	366.34	189.27	141.19	104.92	104.16
Total Debt / Total Capital	78.56	65.43	58.54	51.2	51.02
LT Debt/Equity	310.66	168.59	134.4	101.32	97.49
Long-Term Debt / Total Capital	66.62	58.28	55.72	49.44	47.75
Total Liabilities / Total Assets	80.27	68.67	63.57	57.57	58.19
EBIT / Interest Expense	3.34	4.47	3.6	4.45	5.07
EBITDA / Interest Expense	3.89	5.02	4.04	5.03	5.87
(EBITDA - Capex) / Interest Expense	3.71	4.49	3.48	4.2	4.35
Total Debt / EBITDA	4.15	2.46	2.43	2.14	2.4
Net Debt / EBITDA	3.15	1.92	1.81	1.58	1.9
Total Debt / (EBITDA - Capex)	4.35	2.75	2.82	2.56	3.24
Net Debt / (EBITDA - Capex)	3.3	2.14	2.1	1.89	2.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.31	31.71	-5.24	1.91	-11
Gross Profit, 1 Yr. Growth %	52.98	34.9	-7.88	-0.39	-11.08
EBITDA, 1 Yr. Growth %	52.45	35.34	-8.68	0.46	-12.44
EBITA, 1 Yr. Growth %	59.66	40.13	-8.48	-0.3	-14.54
EBIT, 1 Yr. Growth %	59.66	40.13	-8.48	-0.3	-14.54
Earnings From Cont. Operations, 1 Yr. Growth %	1.01T	93.11	-15.2	9.96	-10.15
Net Income, 1 Yr. Growth %	1.01T	93.11	-15.2	9.96	-10.15
Normalized Net Income, 1 Yr. Growth %	258.31	72.6	-16.53	6.24	-13.45
Diluted EPS Before Extra, 1 Yr. Growth %	1.01T	93.11	-15.2	9.89	-10.54
Accounts Receivable, 1 Yr. Growth %	25.45	36.27	-1.33	7.59	-13.4
Net Property, Plant and Equip., 1 Yr. Growth %	-13.64	82.46	75	1.1	7.61
Total Assets, 1 Yr. Growth %	4.5	-2.3	3.99	1.97	0.7
Tangible Book Value, 1 Yr. Growth %	-9.7	-22.63	-11.26	-16.64	14.78
Common Equity, 1 Yr. Growth %	28.66	55.14	20.92	18.75	-0.76
Cash From Operations, 1 Yr. Growth %	212.18	23.65	30.32	-14.7	13.34
Capital Expenditures, 1 Yr. Growth %	-82.52	207.02	19.84	18.61	38.13
Levered Free Cash Flow, 1 Yr. Growth %	-295.54	-26.81	59.34	-44.4	50.34
Unlevered Free Cash Flow, 1 Yr. Growth %	-988.87	-19.2	44.98	-38.29	26.32
Dividend Per Share, 1 Yr. Growth %	-	331.01	0	16.67	85.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	40.7	11.72	-1.73	-4.76
Gross Profit, 2 Yr. CAGR %	-	43.65	11.47	-4.21	-5.89
EBITDA, 2 Yr. CAGR %	242.71	43.64	11.17	-4.22	-6.21
EBITA, 2 Yr. CAGR %	217.52	49.58	13.25	-4.48	-7.7
EBIT, 2 Yr. CAGR %	217.52	49.58	13.25	-4.48	-7.7
Earnings From Cont. Operations, 2 Yr. CAGR %	274.35	363.97	27.97	-3.44	-0.61
Net Income, 2 Yr. CAGR %	274.35	363.97	27.97	-3.44	-0.61
Normalized Net Income, 2 Yr. CAGR %	98.94	148.69	20.03	-5.83	-4.11
Diluted EPS Before Extra, 2 Yr. CAGR %	274.35	363.98	27.97	-3.47	-0.82
Accounts Receivable, 2 Yr. CAGR %	-	30.75	15.96	3.04	-3.47
Net Property, Plant and Equip., 2 Yr. CAGR %	-19.52	25.53	78.69	33.01	4.3
Total Assets, 2 Yr. CAGR %	3.59	1.04	0.79	2.97	1.33
Tangible Book Value, 2 Yr. CAGR %	-5.31	-16.41	-17.14	-13.99	-2.18
Common Equity, 2 Yr. CAGR %	15.75	41.28	36.96	19.83	8.56
Cash From Operations, 2 Yr. CAGR %	164.88	96.47	26.94	-2.64	-1.68
Capital Expenditures, 2 Yr. CAGR %	-77.32	-26.74	91.81	19.22	28
Levered Free Cash Flow, 2 Yr. CAGR %	-24.1	19.63	7.92	-5.88	-8.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.66	167.99	8.19	-5.41	-11.71
Dividend Per Share, 2 Yr. CAGR %	-	-	107.61	8.02	47.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	23.33	8.35	-4.92
Gross Profit, 3 Yr. CAGR %	-	-	23.88	7.37	-6.56
EBITDA, 3 Yr. CAGR %	106.64	151.44	23.46	7.48	-7.04
EBITA, 3 Yr. CAGR %	96.41	141.75	26.93	8.54	-7.96
EBIT, 3 Yr. CAGR %	96.41	141.75	26.93	8.54	-7.96
Earnings From Cont. Operations, 3 Yr. CAGR %	92.82	200.23	163.31	21.66	-5.73
Net Income, 3 Yr. CAGR %	92.82	200.23	163.31	21.66	-5.73
Normalized Net Income, 3 Yr. CAGR %	91.82	89.74	72.83	15.25	-8.44
Diluted EPS Before Extra, 3 Yr. CAGR %	88.87	200.23	163.31	21.63	-5.86
Accounts Receivable, 3 Yr. CAGR %	-	-	19.04	13.1	-2.76
Net Property, Plant and Equip., 3 Yr. CAGR %	-19.68	5.73	40.23	47.79	23.94
Total Assets, 3 Yr. CAGR %	11.63	1.59	2.01	1.18	2.21
Tangible Book Value, 3 Yr. CAGR %	10.66	-11.48	-14.73	-16.97	-5.31
Common Equity, 3 Yr. CAGR %	9.06	27.62	34.14	30.6	12.53
Cash From Operations, 3 Yr. CAGR %	72.72	105.48	71.34	9.15	2.42
Capital Expenditures, 3 Yr. CAGR %	-65.56	-45.94	-13.68	63.41	25.22
Levered Free Cash Flow, 3 Yr. CAGR %	-25.21	-25.01	31.5	-13.49	10.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.52	-14.9	118.22	-10.28	4.16
Dividend Per Share, 3 Yr. CAGR %	-	-	-	71.32	29.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	11.22
Gross Profit, 5 Yr. CAGR %	-	-	-	-	10.98
EBITDA, 5 Yr. CAGR %	99.69	76.19	61.22	70.87	10.61
EBITA, 5 Yr. CAGR %	93.66	72.11	57.54	66.7	11.74
EBIT, 5 Yr. CAGR %	93.66	57.65	57.54	66.7	11.74
Earnings From Cont. Operations, 5 Yr. CAGR %	58.42	25.11	63.65	90.72	78.33
Net Income, 5 Yr. CAGR %	58.42	25.11	63.65	90.72	78.33
Normalized Net Income, 5 Yr. CAGR %	72.19	37.65	59.02	43.37	36.55
Diluted EPS Before Extra, 5 Yr. CAGR %	54.45	23.29	61.64	90.7	78.18
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	9.46
Net Property, Plant and Equip., 5 Yr. CAGR %	-13.54	-0.38	10.6	15.9	24.57
Total Assets, 5 Yr. CAGR %	21.42	13.21	7.16	2.14	1.74
Tangible Book Value, 5 Yr. CAGR %	174.92	16.84	-1.43	-12.49	-9.92
Common Equity, 5 Yr. CAGR %	5.22	22.42	19.47	24.44	23.25
Cash From Operations, 5 Yr. CAGR %	63.56	43.52	52.7	55.61	35.7
Capital Expenditures, 5 Yr. CAGR %	-7.64	-24.64	-31.55	-25.83	1.05
Levered Free Cash Flow, 5 Yr. CAGR %	40.65	-7.15	-13.42	-17.92	13.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	48.59	0.34	-8.09	-11.26	51.95