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Kamada Ltd.

Logo: https://www.kamada.com/wp-content/themes/kamada/images/kamada-pharmaceuticals.png, Non-free logo, via Wikipedia4

Pharmaceutical company

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$180.5MRevenue, fiscal 20255
$20.2MNet income, fiscal 20255
1990Founded1

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  • TickerKMDA on Nasdaq1
  • Industrypharmaceutical industry1
  • HeadquartersL31
  • Founded inIsrael1
  • Websitewww.kamada.com
  • Legal formlimited company1
  • Incorporated inIsrael6
  • Business address2 Holtzman St., Science Park, Rehovot, L3 76704026
  • Filer categoryAccelerated filer6

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

42.3%Gross margin5
14.5%Operating margin5
11.2%Net margin5
12.1%Revenue growth, 20255
7.5%Return on equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Proprietary Products brought in 87% of the revenue Kamada Ltd. broke down this way in fiscal 2025.

  1. Proprietary Products$156.2M587%up 10% from 2024
  2. Distribution$24.3M513%up 24% from 2024
Products and services by year
Products and services202320242025
Proprietary Products$115.5M$141.4M$156.2M
Distribution$27.1M$19.5M$24.3M

Regions

Foreign countries [member] brought in 55% of the revenue Kamada Ltd. broke down this way in fiscal 2025.

  1. Foreign countries [member]$99.6M555%down 1% from 2024
  2. Other Foreign Countries$29.6M516%up 18% from 2024
  3. Latin America$24.2M513%up 30% from 2024
  4. CA [member]$10.8M56%up 14% from 2024
  5. Other Foreign Countries Three$9.4M55%up 91% from 2024
  6. Asia$6.7M54%up 183% from 2024
  7. Other Countries$56.0K50%down 10% from 2024
Regions by year
Regions202320242025
Foreign countries [member]$73.7M$100.5M$99.6M
Other Foreign Countries$31.3M$25.0M$29.6M
Latin America$12.9M$18.6M$24.2M
CA [member]$11.2M$9.5M$10.8M
Other Foreign Countries Three$7.1M$4.9M$9.4M
Asia$6.1M$2.4M$6.7M
Other Countries$157.0K$62.0K$56.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue58¢$104.1M
  • Research and development7¢$13.0M
  • Other costs22¢$39.1M
  • Interest0¢$864.0K
  • Income tax2¢$3.3M
  • Profit11¢$20.2M

Out of $180.5M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid45¢$11.5M
  • Kept or used elsewhere55¢$14.0M

Out of $25.5M of cash from operations.5

Financial statements

Revenue891011125$180.5M in 2025+58% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $114.5M$114.5M20182019: $127.2M$127.2M2019+11%2020: $133.2M$133.2M2020+5%2021: $103.6M$103.6M2021−22%2022: $129.3M$129.3M2022+25%2023: $142.5M$142.5M2023+10%2024: $161.0M$161.0M2024+13%2025: $180.5M$180.5M2025+12%
Gross profit891011125$76.4M in 2025+84% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $41.5M$41.5M20182019: $49.7M$49.7M2019+20%2020: $47.6M$47.6M2020−4%2021: $30.3M$30.3M2021−36%2022: $46.7M$46.7M2022+54%2023: $55.5M$55.5M2023+19%2024: $70.0M$70.0M2024+26%2025: $76.4M$76.4M2025+9%
Operating income891011125$26.2M in 2025+36% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $19.3M$19.3M20182019: $22.8M$22.8M2019+18%2020: $19.2M$19.2M2020−16%2021: -$696.0K-$696.0K20212022: $4.5M$4.5M20222023: $10.1M$10.1M2023+122%2024: $20.1M$20.1M2024+99%2025: $26.2M$26.2M2025+31%
Net income891011125$20.2M in 2025−9% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $22.3M$22.3M20182019: $22.3M$22.3M2019−0%2020: $17.1M$17.1M2020−23%2021: -$2.2M-$2.2M20212022: -$2.3M-$2.3M2022+4%2023: $8.3M$8.3M20232024: $14.5M$14.5M2024+75%2025: $20.2M$20.2M2025+40%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenues$180.5M$161.0M$142.5M
Total cost of revenues$104.1M$91.0M$87.0M
Gross profit$76.4M$70.0M$55.5M
Research and development expenses$13.0M$15.2M$13.9M
Selling and marketing expenses$18.5M$18.4M$16.2M
General and administrative expenses$18.7M$15.7M$14.4M
Other expense$601.0K$919.0K
Operating income$26.2M$20.1M$10.1M
Financial income$1.9M$2.1M$588.0K
Income (expenses) in respect of currency exchange differences and derivatives instruments, net-$1.2M-$94.0K$55.0K
Revaluation of long-term liabilities-$2.7M-$8.1M-$980.0K
Financial expense-$864.0K-$660.0K-$1.3M
Income before tax on income$23.5M$13.3M$8.4M
Taxes on income-$3.3M$1.1M-$145.0K
Net Income (Loss)$20.2M$14.5M$8.3M
Gain (loss) on cash flow hedges$1.1M-$30.0K-$186.0K
Net amounts transferred to the statement of profit or loss for cash flow hedges-$943.0K-$59.0K$414.0K
Remeasurement gain (loss) from defined benefit plan, net of tax$21.0K$89.0K-$73.0K
Total comprehensive income$20.3M$14.5M$8.4M
Basic net earnings per share (in Dollars per share)$0.35$0.25$0.17
Diluted net earnings per share (in Dollars per share)$0.35$0.25$0.15

Compare Kamada Ltd. with another company

The story

Kamada was founded in 1990 by David Tzur, Ralph Hahn and Kamapharam Ltd., which was wholly owned by Kibbutz Beit Kama, until then Kamapharam was producing albumin, and its production facilities were acquired in full by Kamada In 1999, (35%) to a company owned by Hahn and another investor for $2.5 million. Hahn and Tzur headed the company by the beginning of 2013. The company completed its first public offering in 2005 on the Tel Aviv Stock Exchange.

Today, the company specializes in the development, manufacture and marketing of proteins, especially for orphan diseases. The company produces about 10 injectable and marketed drugs in more than 15 countries around the world.

Kamada is a member of the Biomed index on the Tel Aviv Stock Exchange, and as of December 2012, its shares were included in the Tel Aviv 100 index.

In 2012, the company was ranked 456 among the 500 fastest growing companies in Europe (and 15th in Israel) according to the Deloitte Index, based on their income in 2007–2011.

In May 2014, the company announced that it had not met the target set for the trial for a hereditary emphysema in inhalation. Following the failure of the experiment, the company's market value fell within a year from $500 million to $150 million.

From Wikipedia’s article on Kamada Ltd., shared under CC BY-SA 4.0.7

Leadership

Who has led Kamada Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Amir London2026–now

Chief financial officer

  1. Chaime Orlev2026–now
1995200020052010201520202025
Board members and other officers (16)

Products and brands

Glassia: Alpha-1 Antitrypsin for infusion (AAT IV)

Glassia is approved by the FDA to treat lung disease caused by alpha 1-antitrypsin deficiency. The active ingredient in the drug is the protein alpha-1 Antitrypsin (AAT). Glassia is indicated for patients suffering from lung disease called emphysema, due to a genetic deficiency in the AAT protein. Takeda holds the license to manufacture and distribute Glassia in the United States, Canada, Australia, and New Zealand, following a completed technology transfer from Kamada. Under the terms of the agreement between the companies, Kamada is entitled to royalties from Glassia sales in Takeda’s markets. In other countries where Glassia is available, Kamada partners with local distributors to sell the medicine.

Production of immunoglobulins

The company has developed a technological platform for the production of specific immunoglobulins (IgG's). It produces a specific antibody against the rabies virus, and a product for the treatment of HDN – disease of the newborn hemolytic (Hemolytic Disease of the Newborn) – a disease caused from Rh negative in the fetus.

The company cooperates with the Israeli Ministry of Health, in the framework of which it established a GMP standard for the production of serum against snake venom. The product is manufactured from the serum of hyper-immune horses.

The company has a strategic agreement with Kedrion Pharmaceuticals for the development and marketing of the KamRab rabies immunoglobulin in the United States.

From Wikipedia’s article on Kamada Ltd., shared under CC BY-SA 4.0.7

Timeline

  1. Mar 16, 2026New chief executive Amir London becomes CEO14
  2. 1990Founded Founded in Israel1

Filings

207 filings to the SEC since October 2021: 5 annual reports, 72 insider forms, 14 large holders, 116 other. The latest 20:

  1. Oct 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Oct 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 29, 20264 EDGAR
  4. Sep 29, 20264 EDGAR
  5. Sep 29, 20264 EDGAR
  6. Sep 25, 20264 EDGAR
  7. Sep 24, 20264 EDGAR
  8. Sep 24, 20264 EDGAR
  9. Sep 24, 20264 EDGAR
  10. Sep 24, 20264 EDGAR
  11. Sep 24, 20264 EDGAR
  12. Sep 23, 20264 EDGAR
  13. Sep 23, 20264 EDGAR
  14. Sep 23, 20264 EDGAR
  15. Sep 23, 20264 EDGAR
  16. Sep 23, 20264 EDGAR
  17. Sep 23, 20264 EDGAR
  18. Sep 23, 20264 EDGAR
  19. Sep 23, 20264 EDGAR
  20. Sep 23, 20264 EDGAR

The 207 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Tsur DavidDirectorSale22,827$8.18$186.7KForm 4
Sep 9, 2026Tsur DavidDirectorSale175$8.26$1.4KForm 4
Sep 8, 2026Tsur DavidDirectorSale162,760$8.26$1.3MForm 4
Sep 7, 2026Tsur DavidDirectorSale14,238$8.28$117.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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