Economy

With a 163% jump in net profit from continuing operations and all-time record revenues, the Israeli software giant presents a phenomenal first half and distributes tens of millions of dollars to shareholders.

With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...

Smart Shooter's operating profit dropped by approximately 70% in the second quarter to $238,000. The company attributed the rise in expenses partly to the strengthening of the shekel.

Insider movements are always interesting. It is customary to say that when insiders sell, there can be a variety of reasons for this, and it does not necessarily indicate that they think the stock is unattractive. Conversely, when insiders increase their holdings in their company, it can certainly be a sign that the stock is interesting.

Ahead of the busy Tishrei holiday shopping season: the textile and home design chain continues its expansion trend and is launching a new branch covering approximately 200 square meters in the new complex of the HaZahav Mall in Rishon LeZion. The chain will offer a new collection and unique launch promotions.

One of the oldest and largest content brands in Israel in the fields of architecture and design is moving into the hands of CEO and Editor-in-Chief Helena Mor. It has become known to ice: the acquisition amount is estimated at approximately 3 million shekels.

The infrastructure and industrial conglomerate controlled by Shlomi Fogel, Sami Katsav, and others concluded an exceptionally strong quarter - with an 84% jump in EBITDA, a 2.5 billion shekel order backlog at the shipyard, and a new silo facility that may directly affect food prices in Israel.

Reports in the UK reveal that Leonid Radvinsky received a total of more than $2 billion from the platform, which reported revenue of $1.55 billion for the year, an increase of 10% compared to the previous year. The number of creators on the platform rose to 5 million, half of whom are active. The number of fan accounts rose to 437 million, and about 132 million of them are considered active.

Electra has divested its contracting operations in Nigeria for $15 million, marking the company's complete exit from Africa. The decision follows limited business scale and a challenging operating environment.

In the second quarter reports of the Tidhar Group, the company recognized expenses totaling 75.2 million shekels, including grants and bonuses to employees, following the IPO it carried out earlier this year. CEO Uri Levin also addressed the stagnation in the real estate market and said: "The demand today is lower than it was in the past for a long time, longer than we were used to in the past."

A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."

Keystone CEO Navot Bar stated that the Egged IPO is planned for 2027: "It is already in the works." The infrastructure company raised its 2030 equity target by 50% to 6 billion shekels.

The Keystone fund, which previously competed to acquire Shikun & Binui Energy, has reported strong financial results: a 71% jump in return on equity and an investment portfolio exceeding 4.7 billion shekels. What does this mean for investors and pension funds?

Following claims of a significant drop in apartment prices, Tidhar CEO Ori Levin analyzed the expected market recovery based on reports showing increased revenue and sales. It has been revealed that employees and former staff received tens of millions in bonuses.

The Competition Authority intends to declare Carmel Winery a monopoly in the grape juice and Kiddush wine market. The company has agreed to comply with major supplier regulations pending a Supreme Court ruling.

After closing hundreds of branches and recording a consistent decline in sales, the fast-food chain Wendy’s is undergoing a major reorganization. Leading the move is a former senior executive at McDonald’s who must return the veteran brand to profitability.

Amidst an investigation into allegations of violence, rapper Ofek Adanek has announced additional shows after his first concert sold out within hours.

To combat the high cost of flights, surprise strikes, and heavy congestion, the Ministry of Finance is promoting a plan to entrust the construction and operation of new aviation facilities in Israel to private franchisees.

The drone company controlled by Ronen Elad published weak semi-annual reports and announced its third CEO in a year. The stock has soared by hundreds of percent since the start of the year on the back of big names like Yossi Cohen, but the gap between ambitious forecasts and actual performance is only growing.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

Smart Shooter summarizes an exceptionally strong first half of 2026: revenues grew by approximately 27.3% to about 16.3 million dollars, the order backlog jumped to 51.6 million dollars, and the adjusted net profit shifted from a loss to a profit of 1.5 million dollars. CEO Michal Mor: "Demand is increasing"

After her appointment as CEO of an insurance company was canceled at the last moment, Israeli entrepreneur Eti Elishakov decided to risk all her family assets to build an empire from scratch. Now she is marking her next goal.

The infrastructure and construction giant concludes an exceptionally strong quarter with revenue of about 4 billion shekels and presents an unprecedented figure in its backlog for the rest of the year. It will distribute dividends in the amount of tens of millions of shekels.

The infrastructure fund Keystone is initiating the IPO process for Egged, targeting an 8 billion shekel valuation. Meanwhile, the fund reported a 77% decline in net profit for the second quarter of 2026, down to 32 million shekels.

Menora Mivtachim concluded the second quarter with a total profit of 785 million shekels, a 10% increase compared to the same period last year. The company's return on equity rose to 24.7%.

Gardos, former head of the Budget Department at the Ministry of Finance, will join Shapir Engineering as a senior executive and will be appointed head of the Finance and Business Development Division. Yesterday, Shapir published its second-quarter reports, with revenues jumping by approximately 21% to about 1.7 billion shekels; a special improvement was recorded in the real estate sector.

Total profit for the half-year rose 13% to 1.25 billion shekels, adjusted profit jumped 26%, and the group distributed half a billion shekels in dividends and immediately announced another half a billion. Behind the numbers lies a new growth engine - credit - and a first perfect rating. What does all this mean for your pension savings?

XPeng's humanoid robot division, Dogotix, has raised over $900 million in its first funding round. The investment gives the company a post-money valuation of more than $6.3 billion.

The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.

Phoenix concluded the second quarter of 2026 with a total profit of 908 million shekels, a 5% decrease year-on-year. Despite a decline in insurance core profits, the company saw significant growth in investment management and consumer credit activities.

Zanlahl reported a net profit of 26 million shekels for the first half of 2026. Growth in the dairy sector offset the impact of imports in the vegetable segment, enabling the company to announce dividend distributions.

The core profit of Phoenix grew 10% above expectations, asset management activity jumped 36%, and the company is returning 62% of the half-year profits to shareholders. Phoenix is also increasing its share buyback program and announces that it will update its 2028 targets upwards.

Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and...

Increase in core profits and growth in assets under management: Phoenix concludes the first half of 2026 with a total profit of 1.57 billion shekels and an increase in business targets. Excellence Trade crossed the 100,000 client threshold. The company will distribute a 400 million shekel dividend and increase its share buyback program.

The PEAX Group presented mixed financial results with record revenues of hundreds of millions of shekels, alongside a severe impact from the exchange rate that caused an estimated loss of millions of shekels in profits.

TSG presents strong financial results for the first half of 2026 with revenues of nearly 250 million shekels, despite a multi-million shekel impact from dollar exchange rate fluctuations.

After recording a drop of nearly 10% in its value over the last three months, the Israeli company published its financial results and presented an impressive increase in equity, which reached hundreds of millions of shekels.

The Public Transport Authority is considering barring Egged from the Hashmonaim cluster tender. The move follows findings that the company exceeds market share and annual mileage caps set by the Competition Authority.

The Keystone fund and Edeltech have requested that the Electricity Authority accelerate the conversion of their loan into equity in the Sorek power plant. This move suggests that Keystone may have abandoned its bid to acquire Shikun & Binui Energy.