XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.25.3

SEGMENT INFORMATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Income by Segment |
|  | Nine Months Ended September 30, 2025 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Elimination of inter-Company sales |  |  | Consolidated |
Revenues - external |  | $ | 30,091 |  |  | $ | 33,371 |  |  | $ | 61,274 |  |  | $ | 6,745 |  |  | $ | - |  |  | $ | 131,481 |
Revenues - internal |  |  | 497 |  |  |  | 1,506 |  |  |  | - |  |  |  | - |  |  |  | (2,003 | ) |  |  | - |
Cost of revenues |  |  | 21,269 |  |  |  | 25,466 |  |  |  | 50,891 |  |  |  | 3,591 |  |  |  | (2,116 | ) |  |  | 99,101 |
Gross profit |  |  | 9,319 |  |  |  | 9,411 |  |  |  | 10,383 |  |  |  | 3,154 |  |  |  | 113 |  |  |  | 32,380 |
Research and development |  |  | 391 |  |  |  | 494 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 887 |
Selling and marketing |  |  | 1,249 |  |  |  | 1,716 |  |  |  | 2,722 |  |  |  | 419 |  |  |  | - |  |  |  | 6,106 |
General and administrative |  |  | 4,106 |  |  |  | 2,594 |  |  |  | 4,337 |  |  |  | 485 |  |  |  | - |  |  |  | 11,522 |
Operating income |  |  | 3,573 |  |  |  | 4,607 |  |  |  | 3,324 |  |  |  | 2,248 |  |  |  | 113 |  |  |  | 13,865 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,128 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 12,737 |
|  | Nine Months Ended September 30, 2024 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Elimination of inter-Company sales |  |  | Consolidated |
Revenues - external |  | $ | 27,519 |  |  | $ | 30,239 |  |  | $ | 47,808 |  |  | $ | 5,506 |  |  | $ | - |  |  | $ | 111,072 |
Revenues - internal |  |  | 782 |  |  |  | 1,709 |  |  |  | - |  |  |  | - |  |  |  | (2,491 | ) |  |  | - |
Cost of revenues |  |  | 18,400 |  |  |  | 26,884 |  |  |  | 41,736 |  |  |  | 3,127 |  |  |  | (2,606 | ) |  |  | 87,541 |
Gross profit |  |  | 9,901 |  |  |  | 5,064 |  |  |  | 6,072 |  |  |  | 2,379 |  |  |  | 115 |  |  |  | 23,531 |
Research and development |  |  | 288 |  |  |  | 239 |  |  |  | 383 |  |  |  | 36 |  |  |  | - |  |  |  | 946 |
Selling and marketing |  |  | 1,685 |  |  |  | 1,489 |  |  |  | 2,170 |  |  |  | 303 |  |  |  | - |  |  |  | 5,647 |
General and administrative |  |  | 2,638 |  |  |  | 2,306 |  |  |  | 3,647 |  |  |  | 349 |  |  |  | - |  |  |  | 8,940 |
Other segment income |  |  | - |  |  |  | (2 | ) |  |  | (388 | ) |  |  | - |  |  |  | - |  |  |  | (390 | )
Operating income |  |  | 5,290 |  |  |  | 1,032 |  |  |  | 260 |  |  |  | 1,691 |  |  |  | 115 |  |  |  | 8,388 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,491 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,897 |
The following financial information is the information that CODM uses for analyzing the segment results. The following financial information is a summary of the operating income of each operational segment:
|  | Three Months Ended September 30, 2025 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Elimination of inter-Company sales |  |  | Consolidated |
Revenues - external |  | $ | 10,397 |  |  | $ | 10,550 |  |  | $ | 22,980 |  |  | $ | 2,308 |  |  | $ | - |  |  | $ | 46,235 |
Revenues - internal |  |  | 160 |  |  |  | 608 |  |  |  | - |  |  |  | - |  |  |  | (768 | ) |  |  | - |
Cost of revenues |  |  | 7,382 |  |  |  | 8,504 |  |  |  | 18,146 |  |  |  | 1,400 |  |  |  | (798 | ) |  |  | 34,634 |
Gross profit |  |  | 3,175 |  |  |  | 2,654 |  |  |  | 4,834 |  |  |  | 908 |  |  |  | 30 |  |  |  | 11,601 |
Research and development |  |  | 73 |  |  |  | 180 |  |  |  | - |  |  |  | 70 |  |  |  | - |  |  |  | 323 |
Selling and marketing |  |  | 345 |  |  |  | 580 |  |  |  | 925 |  |  |  | 143 |  |  |  | - |  |  |  | 1,993 |
General and administrative |  |  | 1,626 |  |  |  | 856 |  |  |  | 1,378 |  |  |  | 165 |  |  |  | - |  |  |  | 4,025 |
Operating income |  |  | 1,131 |  |  |  | 1,038 |  |  |  | 2,531 |  |  |  | 530 |  |  |  | 30 |  |  |  | 5,260 |
Financial income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,290 |
|  | Three Months Ended September 30, 2024 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Elimination of inter-Company sales |  |  | Consolidated |
Revenues - external |  | $ | 9,138 |  |  | $ | 10,779 |  |  | $ | 18,645 |  |  | $ | 1,897 |  |  | $ | - |  |  | $ | 40,459 |
Revenues - internal |  |  | 275 |  |  |  | 210 |  |  |  | - |  |  |  | - |  |  |  | (485 | ) |  |  | - |
Cost of revenues |  |  | 6,125 |  |  |  | 9,252 |  |  |  | 16,341 |  |  |  | 733 |  |  |  | (473 | ) |  |  | 31,978 |
Gross profit |  |  | 3,288 |  |  |  | 1,737 |  |  |  | 2,304 |  |  |  | 1,164 |  |  |  | (12 | ) |  |  | 8,481 |
Research and development |  |  | 82 |  |  |  | 83 |  |  |  | 156 |  |  |  | 5 |  |  |  | - |  |  |  | 326 |
Selling and marketing |  |  | 561 |  |  |  | 525 |  |  |  | 793 |  |  |  | 115 |  |  |  | - |  |  |  | 1,994 |
General and administrative |  |  | 633 |  |  |  | 633 |  |  |  | 1,359 |  |  |  | 90 |  |  |  | - |  |  |  | 2,715 |
Operating income |  |  | 2,012 |  |  |  | 496 |  |  |  | (4 | ) |  |  | 954 |  |  |  | (12 | ) |  |  | 3,446 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 735 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,711 |
Schedule of Assets, Depreciation and Amortization, and Capital Expenditures by Segment |
|  | Nine Months Ended September 30, 2025 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Amounts not allocated to segments |  |  | Consolidated |
Total assets |  | $ | 76,199 |  |  | $ | 45,533 |  |  | $ | 93,496 |  |  | $ | 10,302 |  |  | $ | (1,395 | ) |  | $ | 224,135 |
Depreciation and amortization |  |  | 648 |  |  |  | 822 |  |  |  | 2,147 |  |  |  | 265 |  |  |  | (120 | ) |  |  | 3,762 |
Expenditure for segment assets |  |  | 2,154 |  |  |  | 571 |  |  |  | 5,990 |  |  |  | 195 |  |  |  | - |  |  |  | 8,910 |
|  | Year Ended December 31, 2024 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories |  |  | MRO Services for heat transfer components and OEM of heat transfer solutions |  |  | MRO services for Aviation Components and Lease |  |  | Overhaul and coating of jet engine components |  |  | Amounts not allocated to segments |  |  | Consolidated |
Total assets |  | $ | 33,726 |  |  | $ | 40,698 |  |  | $ | 80,014 |  |  | $ | 10,182 |  |  | $ | (1,258 | ) |  | $ | 163,362 |
Depreciation and amortization |  |  | 642 |  |  |  | 1,040 |  |  |  | 3,412 |  |  |  | 388 |  |  |  | (27 | ) |  |  | 5,455 |
Expenditure for segment assets |  |  | 1,972 |  |  |  | 1,124 |  |  |  | 1,347 |  |  |  | 683 |  |  |  | - |  |  |  | 5,126 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration