Exhibit 99.2

Camtek Ltd.

and its Subsidiaries

Interim Condensed Consolidated Financial Statements

As of June 30, 2025

(Unaudited)

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Financial Statements as at June 30, 2025

Contents

Page

Interim Unaudited Condensed Consolidated Balance Sheets	F-3
Interim Unaudited Condensed Consolidated Statements of Income	F-4 to F-5
Interim Unaudited Condensed Consolidated Statements of Comprehensive Income	F-6
Interim Unaudited Condensed Consolidated Statements of Shareholders’ Equity	F-7
Interim Unaudited Condensed Consolidated Statements of Cash Flows	F-8 to F-9
Notes to the Interim Unaudited Condensed Consolidated Financial Statements	F-10 to F-21

F - 2

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Balance Sheets

			June 30,			December 31,
			2025			2024
	Note		U.S. Dollars (in thousands)
Assets
Current assets
Cash and cash equivalents		4A		192,028			126,224
Short-term deposits		4A		204,000			231,000
Marketable securities		4B		39,965			30,813
Trade accounts receivable, net				112,018			99,471
Inventories		4C		133,709			111,204
Other current assets		4D		21,218			21,347
Total current assets				702,938			620,059
Long term deposits				20,000			26,000
Marketable securities		4B		87,867			87,115
Long term inventory		4C		15,359			11,879
Deferred tax assets, net				3,711			3,090
Other assets, net				2,060			2,001
Property, plant and equipment, net		4E		56,805			54,196
Intangible assets, net		4F		11,656			13,357
Goodwill				74,345			74,345
Total non-current assets				271,803			271,983
Total assets				974,741			892,042
Liabilities and shareholders’ equity
Current liabilities
Trade accounts payable				40,895			46,630
Other current liabilities		4G		89,080			77,280
Total current liabilities				129,975			123,910
Long term liabilities
Deferred tax liabilities, net				5,210			5,606
Other long-term liabilities				14,600			15,366
Convertible notes		4H		198,472			197,925
				218,282			218,897
Total liabilities				348,257			342,807
Shareholders’ equity
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at June 30, 2025 and at December 31, 2024;
47,794,821 issued shares at June 30, 2025 and 47,541,682 at December 31, 2024;
45,702,445 shares outstanding at June 30, 2025 and 45,449,306 at December 31, 2024;		3		178			177
Additional paid-in capital				223,206			214,931
Accumulated other comprehensive income				1,170			203
Retained earnings				403,828			335,822
				628,382			551,133
Treasury stock, at cost (2,092,376 shares as of June 30, 2025 and December 31, 2024)				(1,898	)		(1,898	)
Total shareholders' equity				626,484			549,235
Total liabilities and shareholders' equity				974,741			892,042

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 3

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Operations

(In thousands)

			Six months ended June 30,						Year ended December 31,
			2025			2024			2024
	Note		U.S. dollars						U.S. dollars
Revenues				241,955			199,601			429,234
Cost of revenues				118,780			103,638			219,283
Gross profit				123,175			95,963			209,951
Operating expenses:
Research and development				21,836			18,146			38,287
Selling, general and administrative		5A		36,665			30,694			63,595
Total operating expenses				58,501			48,840			101,882
Operating income				64,674			47,123			108,069
Financial income, net		5B		10,375			10,624			23,169
Income before income taxes				75,049			57,747			131,238
Income tax expense				(7,043	)		(4,984	)		(12,723	)
Net income				68,006			52,763			118,515

F - 4

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Operations (contd.)

Net income per ordinary share:

		Six months ended June 30,				Year ended December 31,
		2025		2024		2024
	Note	U.S. dollars				U.S. dollars
Basic net earnings per share			1.49		1.17		2.62
Diluted net earnings per share			1.39		1.08		2.42
Weighted average number of
ordinary shares outstanding
(in thousands):
Basic			45,622		45,160		45,279
Effect of stock-based awards			263		702		669
Effect of conversion of Notes			3,421		3,421		3,421
Diluted			49,306		49,283		49,369

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 5

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Comprehensive Income

(In thousands)

	Six months ended June 30,					Year ended December 31,
	2025		2024			2024
	U.S. dollars					U.S. dollars
Net income	68,006		52,763			118,515
Other comprehensive income, net of tax:
Change in net unrealized gains on available-for-sale marketable securities		967		(663	)		(558	)
Deferred tax expense		-		-			632
Total other comprehensive income (loss)		967		(663	)		74
Total comprehensive income		68,973		52,100			118,589

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 6

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Shareholders’ Equity

													Accumulated
	Ordinary Shares				Number of						Additional		Other						Total
	NIS 0.01 par value				Treasury			Treasury			paid-in		Comprehensive			Retained			shareholders'
	Number of		U.S. Dollars		Shares			Shares			capital		Income (loss)			earnings			equity
	Shares Issued		(in thousands)					U.S. Dollars (in thousands)
Balances at
December 31, 2023		46,993,998		176		(2,092,376	)		(1,898	)		200,389		129			277,352			476,148
Share-based
compensation
expense		-		-		-			-			7,198		-			-			7,198
Exercise of share
options and RSUs		416,316		1		-			-			28		-			-			29
Unrealised gain on investments		-		-		-			-			-		(663	)		-			(663	)
Dividend paid		-		-		-			-			-		-			(60,045	)		(60,045	)
Net income		-		-		-			-			-		-			52,763			52,763
Balances at
June 30, 2024		47,410,314		177		(2,092,376	)		(1,898	)		207,615		(534	)		270,070			475,430
Share-based
compensation
expense		-		-		-			-			7,303		-			-			7,303
Exercise of share
options and RSUs		131,368		*		-			-			13		-			-			13
Unrealised gain on investments		-		-		-			-			-		105			-			105
Deferred tax expense		-		-		-			-			-		632			-			632
Net income		-		-		-			-			-		-			65,752			65,752
Balances at
December 31, 2024		47,541,682		177		(2,092,376	)		(1,898	)		214,931		203			335,822			549,235
Share-based
compensation
expense		-		-		-			-			8,275		-			-			8,275
Exercise of share
options and RSUs		253,139		1		-			-			-		-			-			1
Unrealised gain on investments		-		-		-			-			-		967			-			967
Net income		-		-		-			-			-		-			68,006			68,006
Balances at
June 30, 2025		47,794,821		178		(2,092,376	)		(1,898	)		223,206		1,170			403,828			626,484

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

*Represents an amount less than $1 thousand

F - 7

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)

	Six months ended June 30,						Year ended December 31,
	2025			2024			2024
	U.S. dollars						U.S. dollars
Cash flows from operating activities:
Net income		68,006			52,763			118,515
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization		5,749			5,040			10,666
Deferred tax income		(1,017	)		(1,696	)		(1,751	)
Amortization of debt issuance costs		547			547			1,094
Share based compensation expense		8,275			7,198			14,501
Change in provision for doubtful debts		30			112			34
Other non-cash expenses		28			-			260
Financial (income) expense related to finance lease liabilities		662			-			(102	)
Changes in operating assets and liabilities:
Trade accounts receivable		(13,105	)		19,267			(12,179	)
Inventories		(27,640	)		(14,467	)		(32,154	)
Due from related parties		(15	)		(1	)		3
Other assets		85			(9,371	)		(3,728	)
Trade accounts payable		(5,796	)		(4,713	)		4,275
Other current liabilities		11,057			15,467			22,949
Change in operating lease asset		884			662			1,111
Change in operating lease liability		(625	)		(662	)		(1,255	)
Net cash provided by operating activities		47,125			70,146			122,239
Cash flows from investing activities:
Proceeds from acquisition (a)		-			1,295			1,295
Proceeds from (investment in) short-term deposits (net)		27,000			(41,000	)		(15,750	)
Proceeds from (investment in) long-term deposits (net)		6,000			15,000			(5,000	)
Purchase of fixed assets		(5,627	)		(5,133	)		(10,102	)
Purchase of intangible assets		(225	)		(126	)		(261	)
Purchase of marketable securities		(25,657	)		(25,653	)		(45,810	)
Redemption of marketable securities		16,720			11,950			19,716
Net cash provided by (used in) investing activities		18,211			(43,667	)		(55,912	)

F - 8

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)

	Six months ended June 30,						Year ended December 31,
	2025			2024			2024
	U.S. dollars						U.S. dollars
Cash flows from financing activities:
Proceeds from exercise of share options		-			29			42
Finance lease liability		(60	)					(42	)
Dividend payment		-			(60,045	)		(60,045	)
Net cash used in financing activities		(60	)		(60,016	)		(60,045	)
Effect of change in exchange rate on cash and cash equivalents		528			(230	)		(26	)
Net increase (decrease) in cash and cash
equivalents		65,804			(33,767	)		6,256
Cash and cash equivalents at beginning of
the period		126,224			119,968			119,968
Cash and cash equivalents at end of the
period		192,028			86,201			126,224

	Six months ended June 30,				Year ended December 31,
	2025		2024		2024
	U.S. dollars				U.S. dollars
(a) Acquisition of subsidiary, consolidated for the first time:
Working capital adjustments		-		1,295		1,295

	Six months ended June 30,				Year ended December 31,
	2025		2024		2024
	U.S. dollars				U.S. dollars
Supplementary cash flows information:
Income taxes paid		7,381		4,497		10,450
Interest received		13,141		6,125		22,744
Lease payments		1,332		1,040		2,153
Non-cash transactions:
Fixed assets purchased with supplier credit		496		550		435
Right-of-use asset recognized with corresponding operating lease liability		255		2,573		2,135
Right-of-use asset recognized with corresponding financial lease liability		-		-		4,882

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 9

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 1 - Nature of Operations

A. Camtek Ltd. (“Camtek” or the “Company”), an Israeli corporation, is jointly controlled 21.0% by Priortech Ltd., an Israeli corporation listed on the Tel-Aviv Stock Exchange and 17.1% by Chroma Ate Inc., a Taiwanese company (“Chroma”). Camtek provides automated and technologically advanced solutions dedicated to enhancing production processes, increasing product yield and reliability, and enabling and supporting customers’ latest technologies in the semiconductor fabrication industry.

B. On June 13, 2025, Israel launched a preemptive attack on Iran, to which Iran responded with ballistic missile and drone attacks. On June 23, 2025, Israel and Iran agreed to a ceasefire, although there is no assurance that the ceasefire will continue.

Currently, the Company’s activities in Israel remain largely unaffected. As of June 30, 2025, the impact of this war on the Company’s results of operations and financial condition included increased shipping costs recorded in the Selling, General and Administrative expenses line item.

F - 10

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 2 - Basis of Preparation

A.          Statement of compliance

The accounting policies applied in these interim financial statements are the same as those applied in the Company’s 2024 annual audited consolidated financial statements for the year ended December 31, 2024.

Reclassifications

As a result of changes in presentation, certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications had no material effect on the reported results of operations.

New Accounting Pronouncements

In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This amendment introduces a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is evaluating the impact of this amendment on its consolidated financial statements.

The accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and do not include all of the information required for full annual financial statements. The unaudited condensed consolidated interim statements should be read in conjunction with the Company’s 2024 annual audited consolidated financial statements and footnotes, which were filed with the U.S. Securities and Exchange Commission as part of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024.

In the opinion of management of the Company, the accompanying unaudited condensed financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of June 30, 2025, and its results of operations for the six months ended June 30, 2025, and 2024, and cash flows for the six months ended June 30, 2025, and 2024. The results for the six months ended June 30, 2025 are not necessarily indicative of the results to be expected for the full year ending December 31, 2025 or any other future interim or annual period.

F - 11

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 3 - Shareholders’ Equity

A.          General

The Company’s shares are traded on the NASDAQ Global Market under the symbol “CAMT” and also listed and traded on the Tel-Aviv stock exchange.

B.          Changes in Stock Options and RSUs

The number of restricted share units (RSUs) vested in the six-month period ended June 30, 2025, was 253,139.

In the first six months of 2025, 266,773 stock options and RSUs were granted by the Company with a vesting period of one to four years.

	2025 Grant
Valuation assumptions:
Dividend yield	-
Expected volatility	62%
Risk-free interest rate	3.67%
Expected life (years) *	4.0
Vesting period (years)	1.0

*Expected life for the periods presented was determined according to the simplified method. The Company determined that the simplified method is appropriate due to substantial changes in vesting periods of options granted which cause existing historical experience to be irrelevant to expectations for current grants.

C.          Share-based Compensation Expense

The total share-based compensation expense amounted to $8,275, $7,198, and $14,501 for the six-month periods ended June 30, 2025 and 2024 and the year ended December 31, 2024, respectively.

F - 12

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information

A.          Cash and cash equivalents

The Company’s cash and cash equivalent balance at June 30, 2025 and December 31, 2024 is denominated in the following currencies:

	June 30,		December 31,
	2025		2024
	U.S. Dollars
US Dollars		181,795		117,638
New Israeli Shekels		4,007		5,243
Other currencies		6,226		3,343
		192,028		126,224

Short-term deposits are bank deposits in US Dollars with an original maturity of more than three months and remaining term at the balance sheet date of no more than twelve months. As of June 30, 2025, the average annual interest rate was 4.84%.

B.          Marketable Securities

Summary of marketable securities amortized cost, unrealized gains, unrealized losses, and fair value as of June 30, 2025 and December 31, 2024:

	June 30, 2025
	U.S. Dollars
Marketable Securities	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Matures within one year:
Corporate bonds		33,286		70		(3	)		33,353
Government bonds		6,612		-		-			6,612
		39,898		70		(3	)		39,965
Matures after one year:
Corporate bonds		79,888		975		(16	)		80,847
Government bonds		6,897		123		-			7,020
		86,785		1,098		(16	)		87,867
		126,683		1,168		(19	)		127,832

F - 13

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

B.          Marketable Securities (cont’d)

	December 31, 2024
	U.S. Dollars
Marketable Securities	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Matures within one year:
Corporate bonds		28,718		74		-			28,792
Government bonds		2,020		1		-			2,021
		30,738		75		-			30,813
Matures after one year:
Corporate bonds		80,144		366		(306	)		80,204
Government bonds		6,864		47		-			6,911
		87,008		413		(306	)		87,115
		117,746		488		(306	)		117,928

The amortized cost and estimated fair value of marketable securities classified by the maturity date listed on the security, regardless of the Consolidated Balance Sheet classification, is as follows at June 30, 2025 and December 31, 2024:

	June 30, 2025
	Amortized Cost		Fair Value
	U.S. Dollars
Due within one year		39,898		39,965
Due after one through five years		86,785		87,867
Due after five through ten years		-		-
Total marketable securities		126,683		127,832

	December 31, 2024
	Amortized Cost		Fair Value
	U.S. Dollars (in thousands)
Due within one year		30,738		30,813
Due after one through five years		87,008		87,115
Due after five through ten years		-		-
Total marketable securities		117,746		117,928

F - 14

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

B.          Marketable Securities (cont’d)

The following table summarizes the estimated fair value and gross unrealized holding losses of marketable securities, aggregated by investment instrument and period of time in an unrealized loss position, at June 30, 2025 and December 31, 2024.

	In Unrealized Loss Position For Less Than 12 Months
June 30, 2025	Fair Value		Gross Unrealized Loss
	U.S. Dollars
Corporate bonds		3,340		(16	)
		3,340		(16	)

	In Unrealized Loss Position For Less Than 12 Months
December 31, 2024	Fair Value		Gross Unrealized Loss
	U.S. Dollars
Corporate bonds		34,083		(306	)
		34,083		(306	)

The level in the fair value hierarchy within which an asset or liability is classified is based on the lowest level input that is significant to the fair value measurement in its entirety.

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, aggregated by the level in the fair-value hierarchy within which those measurements fall:

	June 30, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Description
	U.S. Dollars
Assets
Marketable securities (current assets)		39,965		6,612		33,353		-
Marketable securities (non-current assets)		87,867		7,020		80,847		-
Total Assets		127,832		13,632		114,200		-

F - 15

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

B.          Marketable Securities (cont’d)

	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Description
	U.S. Dollars
Assets
Marketable securities (current assets)		30,813		1,016		29,797		-
Marketable securities (non-current assets)		87,115		6,911		80,204		-
Total Assets		117,928		7,927		110,001		-

 

The Company’s accounting policy is to recognize transfers between levels of the fair value hierarchy on the date of the event or change in circumstances that caused the transfer. In the periods ended June 30, 2025 and December 31, 2024, the Company invested in marketable securities.

Marketable securities are classified within Level 2 because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

C.          Inventories

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Components		74,612		65,845
Work in process		33,209		21,445
Finished products (including systems at customer locations not yet sold)		41,247		35,793
		149,068		123,083

Inventories are presented in:

 

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Current assets		133,709		111,204
Long-term assets		15,359		11,879
		149,068		123,083

 

F - 16

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

D.          Other Current Assets

 

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Interest receivable		8,397		9,269
Due from Government institutions and income tax receivables		7,372		5,457
Prepaid expenses and vendor downpayments		3,955		5,499
Other		1,494		1,122
		21,218		21,347

 

E.          Property, Plant and Equipment, Net

 

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Land		1,416		1,401
Building		25,993		23,444
Machinery and equipment		38,155		33,474
Office furniture and equipment		1,479		1,129
Computer equipment and software		8,749		7,197
Automobiles		499		431
Leasehold improvements		3,769		3,508
Operating lease right of use assets		3,581		8,442
Finance lease right of use assets		4,881		4,881
		88,522		83,907
Less - accumulated depreciation		31,717		29,711
		56,805		54,196

Depreciation for the six months period ended June 30, 2025 and for the year ended December 31, 2024 amounted to $3,823 and $6,825, respectively.

F - 17

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

F.          Intangible Assets, Net

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Cost:
Patent registration costs		2,796		2,569
Acquired technology		12,200		12,200
Acquired trade names		2,700		2,700
Acquired customer relationship		2,000		2,000
		19,696		19,469
Less accumulated amortization		8,040		6,112
Total intangible assets, net		11,656		13,357

Amortization expense for the six months period ended June 30, 2025 and for the year ended December 31, 2024 amounted to $1,926 and $3,841, respectively.

G.          Other Current Liabilities

	June 30,		December 31,
	2025		2024
	U.S. Dollars
Advances from customers and deferred revenues		37,621		28,919
Accrued employee compensation and other related benefits		14,902		15,708
Commissions		13,351		12,733
Government institutions and income tax payable		11,104		10,072
Accrued warranty costs (1)		4,701		4,355
Accrued expenses		5,189		3,005
Operating lease obligations		1,871		2,204
Finance lease obligations		341		284
		89,080		77,280

(1)          Changes in the accrued warranty costs are as follows:

	June 30,			December 31,
	2025			2024
	U.S. Dollars
Beginning of period		4,355			3,397
Accruals		4,414			7,643
Usage		(4,068	)		(6,685	)
Balance at end of period		4,701			4,355

F - 18

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 4 - Supplementary Financial Statements Information (cont’d)

H.          Convertible Notes

The Convertible Senior Notes consisted of the following:

	June 30,			December 31,
	2025			2024
	U.S. Dollars
Liability:
Principle:		200,000			200,000
Unamortized issuance costs		(1,528	)		(2,075	)
Net carrying amount		198,472			197,925

As of June 30, 2025, the debt issuance costs of the Notes will be amortized over the remaining term of approximately 1.5 years.

The annual effective interest rate of the Notes is 0.56%. In the six-months ended June 30, 2025, $547 was recorded as amortization of debt issuance costs (In the year ended December 31, 2024 - $1,094).

As of June 30, 2025, the estimated fair value of the Notes, which the Company has classified as Level 2 financial instruments, is $305,811 (December 31, 2024 - $301,157). The estimated fair value was determined based on the quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.

As of June 30, 2025, the if-converted value of the Notes exceeded the principal amount by $105,811 (December 31, 2024, the if-converted value of the Notes exceeded the principal amount by $101,157).

F - 19

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 5 - Statements of Operations

A. Selling, general and administrative expenses

	Six months ended June 30,				Year ended December 31,
	2025		2024		2024
	U.S. Dollars
Selling (1)		27,490		23,004		48,134
General and administrative		9,175		7,690		15,461
		36,665		30,694		63,595
(1)          Including shipping and handling costs		3,069		2,029		4,120

B.          Financial income (expenses), net

	Six months ended June 30,						Year ended December 31,
	2025			2024			2024
	U.S. Dollars
Interest income		12,741			11,812			24,841
Amortization of issuance costs of convertible notes		(547	)		(547	)		(1,094	)
Other, net (1)		(1,819	)		(641	)		(578	)
		10,375			10,624			23,169

(1)          Including foreign currency expense resulting from transactions not denominated in U.S. Dollars (1,327 ) (313 ) 37

F - 20

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 6 - Segments and Entity-Wide Information

The Company has one reporting segment.

The Company’s chief operating decision maker (“CODM”) is its chief executive officer.

The CODM assesses performance and decides how to allocate resources based on net income that is also reported on the income statement as net income. The CODM is regularly provided only with the consolidated expenses as noted on the face of the income statement.

The measurement of segment assets is reported on the balance sheet as total consolidated assets.

The chief operating decision maker uses net income to evaluate income generated from the segment assets (return on assets) in deciding whether to reinvest profits into the segment or into other parts of the entity, such as for acquisitions or to pay dividends.

Net income is used to monitor budget versus actual results. The chief operating decision maker also used net income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with monitoring of budget versus actual results are used in assessing performance of the segment and in establishing management’s compensation.

The majority of long-lived assets are located in Israel and substantially all revenues are derived from sales to other countries. Revenues are attributable to geographic areas/countries based upon the destination of shipment of products and related services as follows:

	Six months ended June 30,				Year ended December 31,
	2025		2024		2024
	U.S. Dollars
China		107,883		54,934		132,556
Asia Pacific		96,882		53,781		133,772
United States		17,278		12,924		29,282
Korea		14,187		69,159		117,135
Europe		5,725		8,803		16,489
		241,955		199,601		429,234

	June 30,		December 31,
	2025		2024
	%
Israel		70		66
Germany		26		29
Other		4		5
Total long-lived assets (*)		100		100

(*) Long-lived assets are comprised of property, plant and equipment, net, and intangible assets excluding goodwill

F - 21