Israel Corp. Reports Results for First Quarter 2026

Rhea-AI Summary

Israel Corp (TASE: ILCO, NASDAQ:NOAP) reported Q1 2026 net profit to shareholders of $63m, up from $35m in Q1 2025. ILCO’s share in ICL profit was $56m, versus $40m a year earlier.

Headquarters net cash was $100m at March 31, 2026, compared with $73m at December 31, 2025. Total assets, net, were $3,245m, mainly holdings in ICL, Prodalim and AKVA Group.

Prodalim’s IPO on TASE diluted ILCO’s stake from about 27.5% to 23.26% and generated an $11m capital gain. ILCO’s board approved a $13m dividend, paid April 27, 2026, and decided future reporting will be in English only.

Positive

• Net profit to shareholders rose to $63m in Q1 2026 from $35m in Q1 2025
• ILCO share in ICL profit increased to $56m from $40m year over year
• Headquarters net cash increased to $100m from $73m at December 31, 2025
• Total assets, net, reached $3,245m as of March 31, 2026
• Prodalim IPO generated an approximate $11m capital gain for ILCO
• Board approved and paid a $13m dividend on April 27, 2026

Negative

• Prodalim stake diluted from about 27.5% to approximately 23.26% on a fully diluted basis
• Financing and headquarters expenses and other items were $7m in Q1 2026 versus ($5m) in Q1 2025

Market Context

This announcement highlights higher Q1 2026 net profit of $63m, increased net cash to $100m, and a s...

Analysis

This announcement highlights higher Q1 2026 net profit of $63m, increased net cash to $100m, and a sizable asset base of $3,245m net. It also notes Prodalim’s IPO on TASE and a $13m dividend, underscoring active capital management. Investors may watch future contributions from ICL and Prodalim, liquidity trends at headquarters, and consistency of dividend policy across upcoming reporting periods.

Key Figures

ILCO share in ICL profit: $56m Net profit to shareholders: $63m Financial liabilities: $683m +5 more

8 metrics

ILCO share in ICL profit $56m Q1 2026 vs $40m in Q1 2025

Net profit to shareholders $63m Q1 2026 vs $35m in Q1 2025

Financial liabilities $683m ILCO headquarters level as of Mar 31, 2026

Investments in liquid assets $748m ILCO headquarters level as of Mar 31, 2026

Net cash $100m As of Mar 31, 2026; up from $73m on Dec 31, 2025

Total assets, net $3,245m Based on market value of holdings and net cash, Mar 31, 2026

Prodalim IPO proceeds NIS 370m Capital raised in TASE IPO on Feb 24, 2026

Dividend distribution $13m Dividend decided Mar 25, 2026 and paid Apr 27, 2026

Previous Earnings Reports

1 past event · Latest: Nov 19 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 19	Quarterly earnings	Positive	-13.4%	Q3 2025 earnings with solid profit and liquidity metrics reported.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited history shows earnings releases coinciding with double‑digit single‑day declines despite solid profitability and liquidity metrics.

Recent Company History

In the prior tagged event on Nov 19, 2025 (Q3 2025 results), Israel Corp. reported net profit to shareholders of $46m, ICL profit share of $51m, and net cash of $45m with total assets of $3,794m. That earnings release saw a -13.45% move in the stock. The latest Q1 2026 report shows higher net profit and increased net cash, suggesting operational progress even as the share price again reacts negatively.

Key Terms

ipo, tase, derivatives transactions, fully diluted basis

4 terms

ipo financial

"On February 24, 2026, Prodalim completed its IPO in the TASE..."

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

View in glossary

tase financial

"On February 24, 2026, Prodalim completed its IPO in the TASE..."

TASE is the Tel Aviv Stock Exchange, Israel’s main marketplace where shares, bonds and other financial instruments are bought and sold. It matters to investors because it brings together buyers and sellers, sets prices through trading, provides liquidity so holdings can be converted to cash, and reflects local economic and corporate conditions — like a central market that signals demand, value and risk for Israeli-listed companies.

derivatives transactions financial

"Net cash includes the fair value of derivatives transactions..."

Contracts whose value is tied to the price or performance of something else (like a stock, bond, commodity, currency or index); common types include options, futures and swaps. Investors use them like insurance to hedge risk, like a bet to speculate on moves, or to gain bigger exposure with less cash, so they can protect portfolios, amplify gains or create added liabilities — and they can affect a firm’s reported results and risk profile if used heavily.

fully diluted basis financial

"holdings in Prodalim were diluted from approximately 27.5% to approximately 23.26% on a fully diluted basis."

A fully diluted basis counts every share that could exist if all outstanding options, warrants, convertible securities and other rights were exercised or converted into common stock, showing the maximum number of shares outstanding. For investors this matters because it spreads ownership and earnings across that larger share count, like slicing a pie into every possible piece before deciding how big each investor’s slice will be, which affects per-share value and ownership percentage.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TEL AVIV, Israel, May 27, 2026 /PRNewswire/ -- Israel Corporation Ltd. (TASE: ILCO) ("ILCO") announced today its first quarter results for the period ending March 31, 2026.

Selected Financial Figures for the First Quarter 2026:
$m	Q1/26	Q1/25
ILCO share in ICL profit	56	40
ILCO share in Prodalim net profit (loss)	-	-
Amortization of excess purchase cost	(2)	(2)
Financing, G&A expenses and other(expenses) income at ILCO headquarter level	7	(5)
Tax income (expense) of ILCO headquarters	2	2
Net profit to company's shareholders	63	35

 

Liquidity at the ILCO Headquarters Level[1]

As of March 31, 2026, total financial liabilities were $683 million, and investments in liquid assets amounted to $748 million.

Net cash¹ as of March 31, 2026, totaled $100 million. Net cash includes the fair value of derivatives transactions, which decreases the economic value of the financial liabilities by $35 million. As of December 31, 2025, the net cash was $73 million.

ILCO Total Assets, Net
$m	31/03/2026
Assets
ICL (~567m shares, market value)	2,900
Prodalim Investments (~72m shares, market value)	157
AKVA Group (~6.6m shares, market value)	72
Other (market value)[2]	16
Total Assets	3,145
ILCO's Net Cash	100
Total Assets, net	3,245

 

Recent News

On February 24, 2026, Prodalim completed its IPO in the TASE, raising approximately NIS 370 million at a valuation of approximately NIS 2.1 billion. Following the IPO, the Company's holdings in Prodalim were diluted from approximately 27.5% to approximately 23.26% on a fully diluted basis. As a result of Prodalim's Offering, the Company recorded a capital gain in the amount of approximately $11 million.

On March 25, 2026, ILCO Board of Directors decided on distribution of dividend at the amount of approx. $13m, this in accordance with the company's dividend policy. The dividend was paid on April 27, 2026.

Following a decision of its Board of Directors, ILCO is transitioning to reporting in the English language only. Accordingly, commencing from 2025 Annual reports, the Company's periodic and immediate reports will be published in the English language only.

About ILCO

For further information on ILCO, see ILCO's publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il.

Please also see ILCO company website http://www.israelcorp.com for additional information.

Forward Looking Statements

This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of ILCO, which may cause actual results to differ materially from those contained in the disclosures.

Investor Relations Contacts

Idan Hizki
Vice President, Business Development
Tel: +972 3 684 4500
idanh@israelcorp.com

[1] Israel Corp and its wholly owned and controlled headquarter companies.
[2] Includes 1.983m shares in Nordic Aqua Partners (OB:NOAP).

View original content:https://www.prnewswire.com/news-releases/israel-corp-reports-results-for-first-quarter-2026-302783372.html

SOURCE Israel Corporation Ltd.

FAQ

What were Israel Corp (NOAP) Q1 2026 net profit results?

Israel Corp reported Q1 2026 net profit to shareholders of $63 million, compared with $35 million in Q1 2025, according to Israel Corp. The result reflects higher share in ICL profit and other headquarters-level items.

How did Israel Corp’s net cash position change by March 31, 2026 (NOAP)?

Israel Corp’s headquarters net cash was $100 million as of March 31, 2026, up from $73 million at December 31, 2025, according to Israel Corp. Net cash includes derivatives that reduce the economic value of financial liabilities by $35 million.

What is Israel Corp’s asset base and main holdings as of Q1 2026 (NOAP)?

As of March 31, 2026, Israel Corp reported total assets of $3,145 million and total assets, net, of $3,245 million, including $2,900 million in ICL shares, $157 million in Prodalim Investments, $72 million in AKVA Group and $16 million in other holdings.

How did Prodalim’s 2026 IPO affect Israel Corp’s stake and earnings (NOAP)?

Prodalim’s February 24, 2026 TASE IPO diluted Israel Corp’s holding from about 27.5% to around 23.26% fully diluted, according to Israel Corp. The offering generated an estimated $11 million capital gain recorded by the company.

What dividend did Israel Corp declare from Q1 2026 results (NOAP)?

On March 25, 2026, Israel Corp’s board approved a dividend of approximately $13 million, in line with its dividend policy, according to Israel Corp. The dividend was subsequently paid to shareholders on April 27, 2026.

Is Israel Corp changing its financial reporting language for investors (NOAP)?

Israel Corp decided to transition to English-only reporting following a board decision, according to Israel Corp. Starting with 2025 annual reports, the company’s periodic and immediate reports will be published exclusively in English for investors.