Investor Tools
Learn more about Paz group
Presentation introducing the group's background and main business structure
Financial Reports
Financial reports from previous years can be viewed on the Tel Aviv Stock Exchange website
| 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | |
|---|---|---|---|---|
| Financial Reports |  PDF 2020 1st quarter Financial Reports | PDF 2020 2nd quarter Financial Reports | PDF 2020 3rd quarter Financial Reports | |
| Investor Presentation | PDF 2020 1st quarter Investor Presentation | PDF 2020 2nd quarter Investor Presentation | PDF 2020 3rd quarter Investor Presentation | |
| Press Release | PDF 2020 1st quarter Press Release | PDF 2020 2nd quarter Press Release | PDF 2020 3rd quarter Press Release | |
Condensed Statement of Income
| Condensed Consolidated Adjusted Statement of Income (Source: Report of the Board of Directors) | ||||
| NIS in millions | 2019 | 2018 | 2017 | |
|---|---|---|---|---|
| Net Sales | 12,696 | 14,119 | 11,268 | |
| Gross Profit | 1,597 | 1,784 | 1,818 | |
| Operating income | 454 | 657 | 679 | |
| Net Income | 244 | 427 | 497 | |
| Condensed Adjusted Operating Income by Segment (Source: Report of the Board of Directors) | ||||
| NIS in millions | 2019 | 2018 | 2017 | |
|---|---|---|---|---|
| Retail & Wholesale | 316 | 305 | 319 | |
| Real Estate | 105 | 107 | 96 | |
| Industries & Services | 206 | 194 | 206 | |
| Refining & Logistics | -74 | 130 | 157 | |
| Unallocated segment (Corporate expenses) | -99 | -79 | -99 | |
| Consolidated Adjusted Operating Income | 454 | 657 | 679 | |
| Adjusted EBITDA | 1,036 | 1,029 | 1,033 | |
Dividend distribution and share re-purchase program by year
NIS millions
Ownership Structure
Last update date: 21.11.2018
Paz’s Debt Structure
Debenture Repayment Forecast (NIS Billion)
IEA/KBC NW Europe Indicator Refining Margin
Last update date: December 15, 2020
S&P Maalot Credit Rating
| Date | Rating | Rating Forecast | |
|---|---|---|---|
| 05/04/2020 | ilAA-\stable | Maalot affirms company rating ilAA-/Stable | view |
| 31/03/2019 | ilAA-\stable | Maalot affirms company rating ilAA-/Stable | view |
| 28/03/2018 | ilAA-\stable | Maalot affirms company rating ilAA-/Stable | view |
| 02/04/2017 | ilAA-\stable | Maalot affirms company rating ilAA-/Stable | view |
| 04/04/2016 | ilAA-\stable | Maalot affirms company rating ilAA-/Stable | |
| 01/04/2015 | ilAA- | Maalot upgrades company rating from ilA+ to ilAA- | |
| 10/06/2014 | ilA+ | Maalot rates issuance of bonds up to 900 million NIS | |
| 26/05/2014 | ilA+ | Maalot rates issuance of bonds up to 600 million NIS | |
| 13/04/2014 | ilA+ | Maalot affirms rating (A+) and changes forecast to stable | |
| 28/07/2013 | ilA+ | Maalot affirms rating (A+) and changes forecast to negative | |
| 28/11/2012 | ilA+ | Maalot affirms rating (A+) for issuance of bonds up to 670 million NIS | |
| 25/11/2012 | ilA+ | Maalot affirms rating +A for expanding series C bonds up to 600 million NIS | |
| 16/08/2012 | ilA+ | Maalot affirms rating (A+) with a stable rating forecast – company announcement | |
| 14/12/2011 | ilA+ | Maalot rates company at (A+), with a stable rating forecast | |
| 02/08/2011 | ilAA- | Maalot places company on the Credit Watch list | |
| 30/05/2011 | ilAA- | Maalot affirms rating (AA-) with a stable rating forecast – company announcement | |
| 30/03/2011 | ilAA- | Maalot rates company at AA-, stable, for the expansion of C Series bonds of up to NIS 600 million, nominal value | |
| 30/03/2011 | ilAA- | Decision in principle to expand C series bonds according to shelf plan from 5.14.09, Maalot rating AA- | |
| 02/03/2011 | ilAA- | Maalot: Marketing margin is being examined, no immediate influence on the rating | |
| 25/04/2010 | ilAA- | Decision made to issue C bonds to the public by expanding the series, Maalot rating is AA-/Stable | |
| 28/03/2010 | ilAA- | Maalot reduces the bond rating of the company to AA- with a stable rating forecast | |
| 05/05/2009 | ilAA- | Maalot affirms AA rating to issue NIS 400 million in Series C bonds, rating forecast is stable | |
| 20/12/2007 | ilAA- | Maalot raises the bond rating from (AA-/STABLE) to (AA/STABLE | |
| 25/01/2007 | ilAA- | Maalot – Initial rating for a new issue AA-/STABLE for Series B bonds of up to NIS 1 billion to institutional investors | |
| 26/10/2006 | ilAA- | Maalot rating of AA- for bonds issued in a private issue to institutional investors |
