192% jump in profit for Israeli company: these are the deals that led to it

The investment and holding company Lahav LR, managed by Chairman of the Board Avi Levy, concludes the first half of 2026 with a significant jump in financial results and continued expansion of the group's activities in a variety of fields. The company recorded revenues of 467.1 million shekels in the half-year, an increase of about 34.8% compared to 345 million shekels in the same period last year.

A sharp jump was also recorded in the profit line. Net profit in the first half reached about 179.4 million shekels, a jump of about 192% compared to a profit of 60.9 million shekels in the same half-year. In the second quarter alone, net profit totaled 154.6 million shekels, while revenues for the quarter reached 306.8 million shekels.

The equity attributable to the company's owners rose to 1.57 billion shekels, compared to 1.243 billion shekels in the same half-year and 1.349 billion shekels at the end of 2025. At the same time, the company has cash balances and marketable securities in the amount of about 326.8 million shekels, excluding associated companies. The debt-to-asset ratio stands at 38.56%, and the company notes that it has unencumbered assets that allow it to raise hundreds of millions of additional shekels.

Several significant moves were also recorded at the parent company level. In May, Lahav LR entered the TA-125 and TA-90 indices. In addition, institutional investors, including Menora Mivtachim, Mor Investment House, Shastowitz, and the Hatzavim fund, increased their investment in the company by about 220 million shekels, with the possibility of an increase to about 340 million shekels subject to options. Controlling shareholder Avi Levy also increased his holdings and purchased shares for about 3 million shekels.

In the real estate sector in Germany, the company acquired ten neighborhood shopping centers for about 28 million euros, in a deal reflecting a CAP yield of 8.42%. At the same time, two assets were sold for about 8.75 million euros. The company is examining the acquisition of 26 additional centers for about 178 million euros and is in negotiations for the sale of eight other assets for about 38.2 million euros. Simultaneously, Apex Capital Markets and Leader Capital Markets updated the target prices for the stock to the 13 to 13.25 shekel range, reflecting an upside of more than 24% from the market price.

Subsidiaries also continue to expand. In July, an agreement was signed at Delek Israel for the acquisition of Hot Mobile at a valuation of 1.218 billion shekels. The deal is being carried out through a joint corporation in which Delek Israel and Keystone each hold 40% and Bank Leumi holds 20%. To finance the deal, Leumi Partners entered as a partner in Delek Israel with 20% in exchange for an investment of 213 million shekels. The move is expected to generate a capital gain for Lahav in the third quarter.

In the infrastructure sector, Delek Israel won a tender from Netivei Israel for the construction and operation of 19 ultra-fast charging complexes, including 110 charging stations.

Delek Assets continues to promote projects in the income-producing real estate sector simultaneously. The company signed an agreement with Prime Energy for the construction of storage facilities and distributed server farms at gas stations, with the potential for an annual revenue increase of up to 14 million shekels. In addition, together with Kibbutz Galil Yam, it is promoting a commercial and employment complex with an investment of about 240 to 360 million shekels, as well as a residential and commercial project at the Pat junction in Jerusalem, including 216 housing units.

One of the central activities in the group is Prime Energy, Lahav's green energy arm. The company raised institutional bonds in the amount of about 347 million shekels, with Phoenix, Menora, and Migdal Insurance entering as investors or increasing their investment in the company.

Prime Energy signed an agreement with Delek Israel for the construction of storage facilities and server farms at 175 gas stations, with an expected investment of about 2.1 billion shekels, with a storage capacity of up to 3.5 GWh. In addition, a framework agreement was signed for the purchase of storage systems in the amount of 200 million dollars from the manufacturer Hithium.

Operations in Europe also continue to expand. Prime Energy is conducting due diligence for the acquisition of a European company with a storage capacity of about 30 GWh and solar operations in Italy, Spain, and Germany. The company also received a license to supply electricity in Israel, completed the first phase of the solar project in Tkuma, and sold the electricity produced in it to Enlight. In addition, it has approved financing frameworks from Bank Hapoalim, Mizrahi, and Leumi in the amount of about 2.23 billion shekels.

Developments were also recorded in the field of environmental quality. Mizrahi Invest acquired 15% of Mafat for 99 million shekels, based on a company valuation of 659 million shekels. The deal is expected to increase Lahav's equity in the third quarter. At the same time, an agreement was signed for the construction of an advanced waste sorting facility in Hof HaSharon, which is expected to add about 45 million shekels to revenues.

In Germany, Lahav Green Energy signed an agreement with the EDEKA supermarket chain for the construction and operation of solar installations on the chain's roofs for 20 to 25 years, with an investment of about 52 million euros.

Chairman of the company Avi Levy summarizes the period with optimism and emphasizes the combination of growth and maintaining low leverage. According to him, the results reflect a dynamic company that continues to carry out significant strategic moves, and the group has additional plans for the future. "We've only just begun!" said Levy.