0001213900-26-025934
SEC filingKamada Ltd. reported a net income of $20.2 million for fiscal year 2025, with strong operating cash flow of $25.5 million. The company maintained a solid balance sheet with total assets of $378.7 million, including $193.1 million in current assets and $78.4 million in cash and cash equivalents. Key financial drivers included $14.9 million in depreciation and amortization adjustments and $22.0 million in total adjustments to profit or loss items. The company generated positive cash from operations despite using $9.8 million in investing activities and $18.3 million in financing activities, resulting in a net decrease of $3.0 million in cash and equivalents. Shareholder's equity stood at $269.1 million with an accumulated deficit of -$17.1 million.
Kamada Ltd. reported a net income of $20.2 million for fiscal year 2025 ending December 31, 2025. The company generated $25.5 million in net cash from operating activities, representing strong operational performance. Key adjustments to profit included $14.9 million in depreciation and amortization, $2.8 million in net financial expenses, $3.3 million in taxes on income, and $845,000 in share-based payment costs. The company's balance sheet shows total assets of $378.7 million, with current assets of $193.1 million including $78.4 million in cash and cash equivalents, $27.0 million in trade receivables, and $84.9 million in inventories. Total liabilities were $109.6 million, resulting in shareholder's equity of $269.1 million.
No specific revenue figures or segment breakdowns were provided in the XBRL data or document content. The financial statements show trade receivables of $27.0 million and other accounts receivables of $5.7 million, indicating customer collections activity. The company reported a decrease in trade receivables of $5.4 million and a decrease in other accounts receivables of $535,000 during the year, suggesting improved collection efficiency. No geographic mix or specific revenue drivers were disclosed in the provided data.
The company reported net income of $20.2 million for fiscal year 2025. Operating cash flow margin cannot be calculated as revenue figures are not provided. Cost structure elements include $12,000 in research and development expenses carried forward, $14.9 million in depreciation and amortization, and $2.8 million in net financial expenses. The company paid $3.3 million in taxes on income. Inventory levels increased by $6.1 million during the year, while trade payables decreased by $6.9 million, indicating changes in working capital management.
Kamada generated $25.5 million in operating cash flow, with adjustments totaling $22.0 million and working capital changes of -$17.7 million. Free cash flow was $15.7 million ($25.5M operating cash flow minus $9.8M investing activities). The company used $9.8 million in investing activities for property and equipment purchases and $18.3 million in financing activities including $11.5 million in dividends paid and $17.4 million in long-term loan repayments. The balance sheet shows strong liquidity with $78.4 million in cash, current ratio of approximately 4.1 ($193.1M current assets / $47.4M current liabilities), and total debt including lease liabilities of approximately $52.0 million.
No specific management guidance, strategic priorities, or forward-looking statements were provided in the XBRL data or document content. The financial statements show the company paid $11.5 million in dividends during the year and raised $58.2 million from issuance of ordinary shares. Significant non-cash transactions included $1.2 million in right-of-use assets recognized with corresponding lease liabilities and $2.5 million in property and equipment purchases on credit. The company maintained substantial cash reserves of $78.4 million at year-end, providing financial flexibility for future operations.