Shikun & Binui Energy (TASE:SBEN) Stock Revenue Grows While Losses Deepen

Shikun & Binui Energy came into this earnings print as a premium priced renewable power stock, trading on a P/S ratio of 10.8x against an industry closer to 1.1x. The share price has barely moved over the past month, which suggests investors were waiting for proof that the valuation stress is justified. Instead, Q2 2026 delivered another heavy hit to the income statement, with total revenue of ₪93.9 million set against a net loss of ₪79.9 million.

For a company already struggling to cover its interest bill from earnings, this fresh loss is the headline investors will focus on first.

Is Shikun & Binui Energy’s 10.8x P/S multiple a sign of hidden quality, or simply investors paying a premium for shrinking earnings capacity? See how the stock stacks up in the full valuation analysis for Shikun & Binui Energy

Q2 2026 Earnings Summary

• Revenue (Q2 2026 vs Q2 2025): ₪93.94 million vs. ₪67.21 million (higher revenue level year on year)
• Net Loss (Q2 2026 vs Q2 2025): ₪79.88 million loss vs. ₪71.39 million loss (larger loss year on year)
• Basic EPS (Q2 2026 vs Q2 2025): ₪0.083 loss per share vs. not disclosed for the prior period (EPS moved further into loss)
• Trailing 12 Month Net Loss (Q2 2026 TTM vs Q1 2026 TTM): ₪268.84 million loss vs. ₪260.35 million loss (loss widened over the trailing period)

Prefer clean, visual charts instead of another wall of earnings tables and footnotes? See Shikun & Binui Energy’s full financial picture, including its balance sheet strength and funding profile, in our company report for Shikun & Binui Energy.

Revenue traction keeps the Shikun & Binui Energy story alive

For bullish investors, the key support is that Shikun & Binui Energy is still lifting its top line while progressing a sale process at the group level. Q2 2026 revenue of ₪93.94 million is higher than the prior year period, which fits a growth platform narrative around operating and development assets. Recent news on the Hagit stake sale and the Romanian hybrid project approval also reinforces the idea that projects and assets are moving, even if the income statement is not yet reflecting this in profitability.

Persistent losses keep the risk case front and centre

The bearish angle is clearly backed by the numbers. Net loss widened to ₪79.88 million in Q2 2026 and the trailing 12 month loss increased to ₪268.84 million. That is a meaningful gap between revenue and earnings, especially for a capital heavy power business that already struggles to cover interest. Even with modestly positive share price performance over 90 days, the financial trend keeps funding risk and execution risk in focus until there is visible progress toward breakeven or lower losses.

Scan our independent risk scoring for Shikun & Binui Energy to see whether widening losses mask deeper structural issues in the risk analysis for Shikun & Binui Energy which shows 2 important warning signs.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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