Israel · Delayed Price · Currency is ILS · Price in ILA Bezeq The Israel Telecommunication Corp. Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw robust growth in revenue, EBITDA, and net profit, driven by fiber, 5G, and TV expansion. Dividend and buyback plans were announced, with strong business and consumer demand across all segments. Regulatory and geopolitical factors remain key watchpoints.
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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 continued, and subsea cable projects are set to drive future growth. Dividend and buyback plans reinforce strong capital allocation.
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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Core revenues and profitability grew across all segments, with strong fiber and 5G subscriber gains. yes valuation boosted results, while guidance remains unchanged and excludes regulatory impacts. The group maintains a solid capital structure amid a highly competitive market.
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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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Core revenues grew over 2% year-over-year, led by Fixed-Line and strong fiber and 5G subscriber growth. Adjusted EBITDA was slightly down due to war and regulatory impacts, but free cash flow and net debt improved. Dividend payout ratio was raised to 70%.
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Strategic growth in fiber and 5G drove stable core revenues and strong free cash flow, despite regulatory and war-related headwinds. Dividend increased 4% year-over-year, with continued focus on fiber rollout, 5G expansion, and operational efficiency.