Eltek Ltd
nisteceltek.comWhat Do They Do?
Sells custom circuit boards for defense and aerospace, medical, and industrial equipment makers, including boards that combine rigid and flexible sections.
20-F for FY2025, filed Mar 26, 2026In November 2013, Nistec Ltd. acquired 50.5% of our issued share capital and gained control of our company. In December 2018, Nistec Ltd.…View ↗
We design and develop innovative manufacturing solutions pursuant to complex interconnect requirements of original equipment manufacturers…View ↗
Sales. In the years ended December 31, 2025, 2024 and 2023, the primary industries for which we produced PCBs were defense and aerospace…View ↗
How Do They Make Money?
Customers buy custom-made PCBs, with the sale generally completed when the boards ship; payment is typically due within 0 to 75 calendar days of the invoice date.
$51.8M
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20-F for FY2025, filed Mar 26, 2026
$51.8M ↗
Who Are Their Customers?
Eltek sells to defense and aerospace, medical, and industrial equipment customers through direct sales staff and representatives, and through PCB trading and manufacturing companies in some markets.
20-F for FY2025, filed Mar 26, 2026
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$4.2M.
20-F for FY2025, filed Mar 26, 2026
$2.3MView ↗
20-F for FY2025, filed Mar 26, 2026
$826KView ↗
20-F for FY2025, filed Mar 26, 2026
−$4.2MView ↗
How Are They Changing?
Growing. Revenue grew 53% in 4 years, from $33.8M in FY2021 to $51.8M in FY2025, about 11% a year.
Commercial board sourcing
The older report described acting as an agent to import boards for customers' high-volume runs; the latest says the company has a dedicated commercial sales team and has expanded its offering through agreements with Asian manufacturers.
20-F for FY2022, filed Mar 23, 2023 20-F for FY2025, filed Mar 26, 2026We design and develop innovative manufacturing solutions pursuant to complex interconnect requirements of original equipment manufacturers…View ↗
Who Do They Compete With?
Competes with PCB Technologies, Fineline, NCAB, Advanced Circuit Boards, Dyconex, Cicor, Graphics, Exception PCB, Invotec, Cistelaier, Somacis, Schoeller-Electronics, TTM, Summit, Printed Circuits, and APCT
20-F for FY2025, filed Mar 26, 2026The global PCB industry is highly fragmented and intensely competitive, trends that we believe will continue and even intensify. The global…View ↗
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