Israel Corp. Reports Results for Second Quarter 2026

Rhea-AI Summary

Israel Corp (IRLCF) reported second quarter 2026 results, with net profit attributable to shareholders of $53 million, up from $43 million in Q2 2025. ILCO’s share in ICL profit rose to $59 million, while its share in Prodalim net profit was $1 million.

At the headquarters level, total financial liabilities as of June 30, 2026 were $644 million, against liquid investments of $704 million, resulting in net cash of $123 million, up from $100 million on March 31, 2026. Total assets based on market values were $3,115 million, plus net cash of $123 million, for total assets, net of $3,238 million.

Prodalim completed an IPO on February 24, 2026, raising about NIS 370 million at an approximately NIS 2.1 billion valuation, diluting Israel Corp’s holdings from about 27.5% to about 23.26% on a fully diluted basis. Israel Corp’s board approved a $13 million dividend (paid April 27, 2026) and a 10‑to‑1 share capital split effective July 27, 2026.

Positive

• Net profit to shareholders increased to $53m in Q2 2026 from $43m in Q2 2025
• Share in ICL profit rose to $59m in Q2 2026 from $40m in Q2 2025
• Headquarters net cash improved to $123m on June 30, 2026 from $100m on March 31, 2026
• Total assets, net reached $3,238m as of June 30, 2026 based on market values and net cash
• Cash return to shareholders via approximately $13m dividend paid on April 27, 2026
• 10‑to‑1 share capital split approved and effective from July 27, 2026

Negative

• Share in Prodalim net profit declined to $1m in Q2 2026 from $2m in Q2 2025
• Financing, G&A and other at headquarters shifted to a $4m expense in Q2 2026 from $2m income in Q2 2025
• Prodalim stake diluted from approximately 27.5% to approximately 23.26% on a fully diluted basis after its February 2026 IPO

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TEL AVIV, Israel, Aug. 12, 2026 /PRNewswire/ -- Israel Corporation Ltd. (TASE: ILCO) ("ILCO") announced today its second quarter results for the period ending June 30, 2026.

Selected Financial Figures for the Second Quarter 2026:

$m	Q2/26	Q2/25
ILCO share in ICL profit	59	40
ILCO share in Prodalim net profit	1	2
Amortization of excess purchase cost	(3)	(2)
Financing, G&A expenses and other(expenses) income at ILCO headquarter level	(4)	2
Tax income (expense) of ILCO headquarters	-	1
Net profit to company's shareholders	53	43

 

Liquidity at the ILCO Headquarters Level¹

As of June 30, 2026, total financial liabilities were $644 million, and investments in liquid assets amounted to $704 million.

Net cash¹ as of June 30, 2026, totaled $123 million. Net cash includes the fair value of derivatives transactions, which decreases the economic value of the financial liabilities by $63 million. As of March 31, 2026, the net cash was $100 million.

ILCO Total Assets, Net

$m	30/06/2026
Assets
ICL (~567m shares, market value)	2,845
Prodalim Investments (~72m shares, market value)	168
AKVA Group (~6.6m shares, market value)	86
Other (market value)2	16
Total Assets	3,115
ILCO's Net Cash	123
Total Assets, net	3,238

 

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.

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.

On 27 May 2026, the Company's Board of Directors resolved to recommend a 10-to-1 share capital split, which was subsequently approved by the shareholders at the General Meeting held on 13 July 2026. The share capital split became effective on 27 July 2026.

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.

View original content:https://www.prnewswire.com/news-releases/israel-corp-reports-results-for-second-quarter-2026-302849968.html

SOURCE Israel Corporation Ltd.

FAQ

What was Israel Corp (IRLCF) net profit in Q2 2026?

Israel Corp reported net profit attributable to shareholders of $53 million in Q2 2026. This compares with $43 million in Q2 2025. According to Israel Corp, the result reflects a higher share in ICL profit, partly offset by lower Prodalim contribution and higher headquarters expenses.

How did Israel Corp (IRLCF) liquidity and net cash change by June 30, 2026?

Israel Corp reported headquarters net cash of $123 million as of June 30, 2026. According to Israel Corp, this compares with $100 million on March 31, 2026. Financial liabilities were $644 million and liquid investments $704 million, including derivatives reducing the economic value of liabilities by $63 million.

What are Israel Corp (IRLCF) total assets and major holdings as of June 30, 2026?

Israel Corp reported total assets of $3,115 million based on market value as of June 30, 2026. According to Israel Corp, this includes about $2,845 million in ICL shares, $168 million in Prodalim Investments, $86 million in AKVA Group and $16 million in other assets, plus $123 million net cash.

How did Prodalim’s 2026 IPO affect Israel Corp (IRLCF) ownership stake?

Prodalim’s IPO on February 24, 2026 diluted Israel Corp’s fully diluted stake to about 23.26%. According to Israel Corp, the company previously held approximately 27.5%. The IPO raised about NIS 370 million at an estimated NIS 2.1 billion valuation on the Tel Aviv Stock Exchange.

Did Israel Corp (IRLCF) declare a dividend in 2026 and what was the amount?

Israel Corp’s board approved a $13 million dividend on March 25, 2026, aligned with its dividend policy. According to Israel Corp, this dividend was paid on April 27, 2026, representing a direct cash distribution to shareholders during 2026 alongside other corporate actions.

What is the 10-to-1 share capital split announced by Israel Corp (IRLCF) in 2026?

Israel Corp’s board recommended a 10‑to‑1 share capital split on May 27, 2026, later approved by shareholders. According to Israel Corp, the split was approved at the July 13, 2026 general meeting and became effective on July 27, 2026, adjusting the company’s share capital structure.

How did Israel Corp’s (IRLCF) share in ICL and Prodalim profits perform in Q2 2026?

In Q2 2026, Israel Corp’s share in ICL profit was $59 million, while its share in Prodalim net profit was $1 million. According to Israel Corp, the ICL contribution increased from $40 million in Q2 2025, whereas Prodalim’s contribution decreased from $2 million.