Israel · Delayed Price · Currency is ILS · Price in ILA The Tel-Aviv Stock Exchange Earnings Call Transcripts
Fiscal Year 2025
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Record revenues and profits were achieved in 2025, with strong growth across all segments despite a challenging environment. Dividend payout for 2025 totals ILS 144.8 million, and a potential share buyback is under consideration.
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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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Q1 2025 saw record revenue, EBITDA, and net income, with strong growth across all business lines and robust trading activity. Five IPOs matched last year's total, and new liquidity programs were launched. Expense growth is expected to moderate for the rest of 2025.
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 delivered strong revenue and profit growth, with adjusted EBITDA up 29% and margin at 42.6%. Trading volumes and market cap increased across equities, bonds, and mutual funds, while new products and regulatory changes are set to further expand offerings.