Bazan (Oil Refineries)
Oil Refineries Ltd., together with its subsidiaries, produces and sells finished petroleum products, intermediate products, and aromatics in Israel, Asia, Europe, and internationally. Based in Haifa.
Bazan (Oil Refineries): net income sharply up (+475.0%), sales sharply up (+53.3%), operating income sharply up (+1,012.8%).
- Net income sharply upH1 2026
Net income: $255M, vs. $−68M a year earlier, i.e. +475.0%.
- Sales sharply upH1 2026
Revenue: $4,642M, vs. $3,029M a year earlier, i.e. +53.3%.
- Operating income sharply upH1 2026
Operating income: $356M, vs. $−39M a year earlier, i.e. +1,012.8%.
- Cash flow sharply upH1 2026
Operating cash flow: $171M, vs. $8M a year earlier, i.e. +2,037.5%.
What the market pays, vs. the sector
This company's valuation multiples history is being built day by day from now on.
P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.
Dividend per share, over 5 years
Total dividends per share paid each calendar year (4 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
Trades by executives and interested parties
18 filing(s) over 12 months · on shares: 0 increase(s) and 3 decrease(s) in holdings.
| Date | Holder | Security | Direction | Quantity | Price | |
|---|---|---|---|---|---|---|
| 03/09/2026 | Eliyahu Mordoch Executive | Options | Down | 666,666 | — | Maya › |
| 01/09/2026 | Yonatan Gershon Executive | Options | Down | 250,000 | — | Maya › |
| 31/08/2026 | Yonatan Gershon Executive | Options | Down | 250,000 | — | Maya › |
| 24/08/2026 | Mark Hanna Executive | Options | Down | 238,095 | — | Maya › |
| 21/08/2026 | Mark Hanna Executive | Options | Down | 200,000 | — | Maya › |
| 17/08/2026 | Nira Dror Director | Options | Down | 83,333 | — | Maya › |
| 13/08/2026 | Mark Hanna Executive | Options | Down | 211,905 | — | Maya › |
| 12/08/2026 | Orit Barkhorder Executive | Options | Down | 200,000 | — | Maya › |
| 02/07/2026 | Moshe Kaplinski Peleg Director | Shares | Down | 500,000 | ₪1.64 | Maya › |
| 22/06/2026 | Lior Shlomo Executive | Options | Up | 3,000,000 | — | Maya › |
| 25/05/2026 | Nira Dror Director | Options | Down | 666,667 | — | Maya › |
| 24/05/2026 | Shlomo Basson Executive | Options | Up | 9,395,000 | — | Maya › |
Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.
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Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 5,363 | 4,418 | 4,450 |
| Current assets | 2,796 | 2,034 | 1,874 |
| Non-current assets | 2,567 | 2,384 | 2,576 |
| Equity | 1,990 | 1,629 | 1,746 |
| of which minority interests | 0 | 0 | 0 |
| Current liabilities | 1,638 | 1,348 | 1,190 |
| Non-current liabilities | 1,735 | 1,441 | 1,514 |
| Revenue | 4,642 | 3,029 | 5,841 |
| Gross profit | 401 | 55 | 170 |
| Operating income | 356 | −39 | 146 |
| Pre-tax income | 305 | −84 | 60 |
| Net income | 255 | −68 | 47 |
| Net income (attributable to shareholders) | 255 | −68 | 47 |
| Dividends paid | −35 | −50 | −50 |
| Operating cash flow | 171 | 8 | 297 |
In millions of dollars. The "H1" columns cover the first six months of the year.
Calculated from these figures
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Gross margin | 8.6% | 1.8% | 2.9% |
| Operating margin | 7.7% | −1.3% | 2.5% |
| Net margin | 5.5% | −2.2% | 0.8% |
| Current ratio (current assets / current liabilities) | 1,7 x | 1,5 x | 1,6 x |
| Equity / total assets | 37.1% | 36.9% | 39.2% |
The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.
Company overview
Oil Refineries Ltd., together with its subsidiaries, produces and sells finished petroleum products, intermediate products, and aromatics in Israel, Asia, Europe, and internationally. It operates through Refining, Polymers, Investments in an Oil Asset, and Other segments. The company offers gasoline, naphtha, diesel fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and bitumen to fuel and gas marketing companies; and infrastructure services, including the storage, pumping, and distribution of petroleum products. It also provides aromatics, such as benzene, toluene, xylene, paraxylene, orthoxylene phthalic anhydrides, and solvents for clothing, packaging, medicines, paint, cosmetics, computers, domestic maintenance products, and automotive parts applications. In addition, the company provides polymers comprising polypropylene and low-density polyethylene, which are used as raw materials for the plastics industry; and feedstock consisting of propylene and ethylene to manufacture polymers.
Source: official company profile (Yahoo Finance), summary. Website: www.bazan.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports