Israel · Delayed Price · Currency is ILS · Price in ILA Bezeq The Israel Telecommunication Corp. Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw robust revenue, EBITDA, and net profit growth, with free cash flow up 74% year-over-year. Fiber and 5G expansion drove subscriber and ARPU gains, while subsea cable projects and market consolidation offer future upside.
Fiscal Year 2025
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Core revenues grew 3% to nearly ILS 8 billion, with strong fiber and 5G subscriber growth and improved profitability. The group launched its first share buyback, maintained a robust balance sheet, and set ambitious 2029 targets for revenue, EBITDA, and operational efficiency.
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Achieved strong growth in core revenues and profitability, driven by fiber and 5G expansion, with significant gains from yes valuation. Regulatory changes and market consolidation could further enhance value, while 2025 guidance remains unchanged.
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Strong quarterly results with 3% core revenue growth, double-digit adjusted EBITDA and net profit increases, and robust fiber and 5G subscriber gains. 2025 guidance was raised, with continued investment in infrastructure and potential acquisitions.
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Core revenues rose 2.4% and adjusted net income grew 6.7% year-over-year, driven by fiber and 5G growth. Upgraded 2025 guidance reflects the yes Partner TV deal, while regulatory reforms and copper switch-off are set to boost future profitability.
Fiscal Year 2024
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Despite a volatile year, core revenue grew 1.3% and Q4 profitability surged, driven by fiber and 5G expansion. Dividend payout was raised to 80%, and 2025 guidance targets further EBITDA and fiber growth. Regulatory and competitive environments remain stable.
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Group revenues and fiber subscriber growth remained strong despite war impacts, with adjusted EBITDA and net profit slightly down due to regulatory and roaming effects. CapEx and net debt declined, free cash flow improved, and dividend payout was raised.
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Strategic growth in fiber and 5G drove ARPU and subscriber gains, offsetting war and regulatory headwinds. Core revenues were stable, free cash flow grew 11% in H1, and dividend payout increased 4%. Fierce competition and regulatory changes continue to shape the market.