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Consolidated Statements of Income and Other Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
[1]
Dec. 31, 2022
[1]
Profit or loss [abstract]      
Revenues $ 377,935 $ 255,702 $ 192,172
Tax benefits 20,860 5,440 0
Total revenues and income 398,795 261,142 192,172
Cost of sales [2] (80,696) (52,794) (40,438)
Depreciation and amortization (108,889) (65,796) (42,268)
General and administrative expenses (38,847) (31,356) (27,034)
Development expenses (11,601) (6,347) (5,587)
Total operating expenses (240,033) (156,293) (115,327)
Gains from projects disposals 601 9,847 0
Other income, net 16,172 43,447 13,767
Operating profit 175,535 158,143 90,612
Finance income 20,439 36,799 23,341
Finance expenses (107,844) (68,143) (62,591)
Total finance expenses, net (87,405) (31,344) (39,250)
Profit before tax and equity loss 88,130 126,799 51,362
Share of losses of equity accounted investees (3,350) (330) (306)
Profit before income taxes 84,780 126,469 51,056
Taxes on income (18,275) (28,428) (12,943)
Profit for the year 66,505 98,041 38,113
Amounts which will be classified in the future under profit or loss, net of tax:      
Foreign currency translation differences for foreign operations (40,298) 53,663 78,177
Effective portion of changes in fair value of cash flow hedges, net (13,684) 15,929 59,892
Other comprehensive loss item that will not be transfer to profit or loss:      
Presentation currency translation adjustment (7,630) (41,678) (112,158)
Total other comprehensive income (loss) for the year (61,612) 27,914 25,911
Total comprehensive profit for the year 4,893 125,955 64,024
Profit for the year attributed to:      
Owners of the Company 44,209 70,924 24,749
Non-controlling interests 22,296 27,117 13,364
Profit (loss) for the year 66,505 98,041 38,113
Comprehensive income (loss) for the year attributed to:      
Owners of the Company (477) 92,183 45,859
Non-controlling interests 5,370 33,772 18,165
Total comprehensive income (loss) for the year $ 4,893 $ 125,955 $ 64,024
Earnings per ordinary share (in USD) with a par value of NIS 0.1, attributable to owners of the parent Company:      
Basic earnings per share $ 0.37 $ 0.61 $ 0.25
Diluted earnings per share $ 0.36 $ 0.57 $ 0.25
Weighted average of share capital used in the calculation of earnings:      
Basic per share [3] 118,293,556 115,721,346 97,335,870
Diluted per share [3] 123,312,565 123,861,293 99,978,133
[1] The Consolidated Statements of Income have been adjusted to present comparable information for the previous years. For additional details please see Note 2R.
[2] Excluding depreciation and amortization.
[3] The number of ordinary shares is after giving effect to the Reverse Share Split. See also Note 17.