Israel · Delayed Price · Currency is ILS · Price in ILA The Tel-Aviv Stock Exchange Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 results with revenue up 40% and net profit up 116% year-over-year, driven by surging trading volumes, increased foreign investor activity, and successful strategic initiatives, despite regional conflict.
Fiscal Year 2025
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Record revenues and profits were achieved in 2025, with strong growth across all business lines and resilience despite geopolitical challenges. Dividend payouts and liquidity improved, while foreign and retail investor activity surged.
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Q3 2025 saw record revenues, profits, and trading volumes, with strong growth across all business lines and robust inflows from both foreign and retail investors. Strategic initiatives, new products, and market-making programs drove liquidity and performance, while the outlook remains positive amid ongoing market reforms.
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Q2 2025 delivered record revenue, profit, and trading volumes, with strong growth across all business lines and robust market activity despite geopolitical challenges. Strategic initiatives, including a shift to a Monday–Friday trading week and exploration of index business partnerships, position the market for further internationalization and growth.
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Record Q1 2025 results with 21% revenue and 32% net income growth, driven by strong trading volumes, increased IPO activity, and robust clearing services. Expense growth is expected to moderate for the rest of the year, with a strong IPO pipeline and continued market innovation.
Fiscal Year 2024
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Record revenue and profit growth in 2024, with strong equity and bond market performance, robust IPO and trading activity, and continued investment in infrastructure. Double-digit revenue growth and margin improvement expected in 2025.
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Q3 2024 saw record revenue, EBITDA, and net profit, with strong growth across trading, clearing, and data services. Updated custody fees will boost future revenue, and new products and indices are driving market expansion. Israeli capital markets remain resilient.
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Q2 2024 saw double-digit revenue and profit growth, with robust trading volumes and new product launches despite ongoing conflict. Strategic investments in technology and international alignment continued, while surplus equity and liquidity improved.