# Formula Systems (1985) Ltd: Form 20-F for the period ended Dec 31, 2023

- Company: [Formula Systems (1985) Ltd](/companies/forty.md) (CIK 1045986)
- Form: 20-F
- Filed: 2024-05-15
- Accepted by EDGAR: May 15, 2024, 16:43 ET
- Period: 2023-12-31
- Accession: 0001213900-24-043687
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1045986/000121390024043687/ea0205739-20f_formula.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1045986/000121390024043687/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2023-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2023-01-01 to 2023-12-31 | $2.62bn | ifrs-full:Revenue |
| Cost of revenue | 12 months, 2023-01-01 to 2023-12-31 | $1.98bn | ifrs-full:CostOfSales |
| Gross profit | 12 months, 2023-01-01 to 2023-12-31 | $643.7m | ifrs-full:GrossProfit |
| Income tax | 12 months, 2023-01-01 to 2023-12-31 | $46.1m | ifrs-full:IncomeTaxExpenseContinuingOperations |
| Net income | 12 months, 2023-01-01 to 2023-12-31 | $64.0m | ifrs-full:ProfitLossAttributableToOwnersOfParent |
| Diluted EPS | 12 months, 2023-01-01 to 2023-12-31 | $4.12 | ifrs-full:DilutedEarningsLossPerShare |
| Basic EPS | 12 months, 2023-01-01 to 2023-12-31 | $4.19 | ifrs-full:BasicEarningsLossPerShare |
| Operating cash flow | 12 months, 2023-01-01 to 2023-12-31 | $295.0m | ifrs-full:CashFlowsFromUsedInOperatingActivities |
| Capital expenditure | 12 months, 2023-01-01 to 2023-12-31 | $16.7m | ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities |
| Cash and equivalents | at 2023-12-31 | $451.9m | ifrs-full:CashAndCashEquivalents |
| Current assets | at 2023-12-31 | $1.38bn | ifrs-full:CurrentAssets |
| Total assets | at 2023-12-31 | $2.81bn | ifrs-full:Assets |
| Current liabilities | at 2023-12-31 | $985.7m | ifrs-full:CurrentLiabilities |
| Shareholders' equity | at 2023-12-31 | $625.8m | ifrs-full:EquityAttributableToOwnersOfParent |
| Shares outstanding | at 2023-12-31 | 15,332,667 shares | dei:EntityCommonStockSharesOutstanding |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1045986/000121390024043687/ea0205739-20f_formula.htm

Filed May 15, 2024.
Source: SEC EDGAR, the filing index for accession 0001213900-24-043687. Last ingested by Listed: Oct 24, 2026, 15:04 ET. No prices; not investment advice.