TASE Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2026

Rhea-AI Summary

Tel Aviv Stock Exchange (OTC:TVAVF) reported Q2 2026 revenue of NIS 185.4 million, up 36% from NIS 136.1 million, driven mainly by growth in Clearing House services and trading and clearing commissions. Net profit rose 81% to NIS 78.9 million and adjusted EBITDA increased 60% to NIS 114.5 million.

For H1 2026, revenue reached NIS 368.7 million, up 38%, and net profit doubled by 97% to NIS 156.4 million. The Board approved a share buyback of up to NIS 150 million through December 31, 2026. Market activity strengthened, with average daily equity trading volume up 65% to NIS 5.7 billion, 15 IPOs completed, and equity market cap increasing to NIS 2.7 trillion.

Positive

• Q2 2026 revenue NIS 185.4m, up 36% year over year
• Q2 2026 net profit NIS 78.9m, up 81% year over year
• Q2 2026 adjusted EBITDA NIS 114.5m, up 60% year over year
• H1 2026 revenue NIS 368.7m, up 38% year over year
• H1 2026 net profit NIS 156.4m, up 97% year over year
• Share buyback up to NIS 150m approved through December 31, 2026
• Average daily equity trading volume NIS 5.7b in H1 2026, up 65% vs 2025
• Equity market cap NIS 2.7 trillion vs NIS 1.5 trillion a year earlier
• IPO activity 15 new companies in H1 2026 vs 9 a year earlier

Negative

• Q2 2026 costs NIS 88.4m, up 10% year over year
• H1 2026 costs NIS 172.4m, up 4% year over year
• Q2 2026 tax expense NIS 22.1m, up 70% year over year
• H1 2026 tax expense NIS 46m, up 89% year over year

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TASE concludes the second quarter with 36% revenue growth to NIS 185.4 million and 81% profit growth

TASE Board of Directors Approves a Buyback Program of Up to NIS 150 million Through the End of 2026

• TASE's revenues in the second quarter of 2026 reached NIS 185.4 million, compared to NIS 136.1 million in the corresponding quarter last year - 36% increase.
• TASE's profit for the quarter reached NIS 78.9 million, compared to NIS 43.6 million in the corresponding quarter - 81% increase.
• Adjusted EBITDA reached 114.5 million this quarter, compared to NIS 71.6 million in the corresponding quarter - 60% increase.
• 15 new companies completed IPOs on TASE in the first half of 2026 - compared to 9 companies in the corresponding period last year.
• TASE's equity market cap reached NIS 2.7 trillion at the end of the second quarter, compared to NIS 1.5 trillion in the corresponding quarter last year.
• The average daily trading volume in the equities market on TASE in the first half of the year reached NIS 5.7 billion - an increase of 65% compared to 2025.

Ittai Ben Zeev, TASE CEO, said today: "The results of the second quarter and the first half of 2026 illustrate the continued development and growth of the Israeli capital market. As part of the implementation of TASE's strategic plan, we are continuing to work to expand the retail investor base and to make the capital market more accessible to the public, alongside extensive activity to increase the involvement of foreign investors in the Israeli economy. The switch to Friday trading is already reflected in a significant increase in the foreign investors' share of trading, and we are in constant contact with international traders who are considering becoming new TASE members. At the same time, we see significant potential for more companies dual listing on TASE and for expanding the possibility for Israeli and international companies to perform global IPOs on TASE."

TEL AVIV, Israel, Aug. 4, 2026 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today published its financial results for the second quarter and the first half of 2026 ended June 30, 2026.

The first half of 2026 was characterized by volatility in the equity market against the backdrop of security developments but ended with positive returns in the leading equity indices: the TA-35 index posted gains of 12% since the beginning of the year, the TA-125 index rose by 9.5%, and the TA-90 index rose by 0.3%. TASE's equity market cap reached NIS 2.7 trillion at the end of the second quarter, compared to NIS 1.5 trillion in the corresponding quarter last year.

During the first half, significant growth in trading activity was recorded on TASE, with the average daily trading volume in the equities market standing at NIS 5.7 billion - an increase of 65% compared to 2025. TASE notes the positive impact of the switch to Friday trading, with the average daily volume on Fridays standing at NIS 4.6 billion since the beginning of the year, compared to a volume of NIS 1.6 billion on Sundays in 2025, and the foreign investors' share of trading increasing to 41%, compared to 12.5% on Sundays in 2025.

The IPO market demonstrated robust activity on TASE, with 15 new companies performing IPOs in the first half of 2026, and total capital raised in the equity market amounting to NIS 6.1 billion. In the corporate bond market, the business sector raised NIS 106 billion in the first half of the year.

Strategic moves and market development

TASE continues to implement its strategic plan, including the upcoming launch of a new application, which will provide free access to real-time trading data and "smart money" data to all investors. In addition, to date, nine companies have joined the liquidity enhancement Tailor-Made market-making program, and six new equity indices were launched in the second quarter of the year.

On August 4, 2026, TASE's Board of Directors approved a share buyback program of up to NIS 150 million. Under the program, TASE will repurchase its shares from time to time through December 31, 2026, using the company's own resources.

Highlights of the results for the second quarter of 2026:

Revenue in the second quarter of 2026 totaled NIS 185.4 million, compared to NIS 136.1 million in the corresponding quarter last year - 36% increase, due mainly to the increase in Clearing House services and in trading and clearing commissions.

Costs in the second quarter of 2026 totaled NIS 88.4 million, compared to NIS 80.7 million in the corresponding quarter last year - 10% increase, due mainly to an increase in employee benefits, share-based payments and operating expenses.

Net financing income in the second quarter totaled NIS 4.1 million, compared to NIS 1.2 million in the corresponding quarter last year - 239% increase, due mainly to an increase in gains on marketable securities, a reduction in interest expenses on a loan, and a decrease in changes in the NIS-dollar exchange rates.

The tax expense in the second quarter totaled NIS 22.1 million, compared to NIS 13 million in the corresponding quarter last year - 70% increase, due mainly to the increase in the pre-tax profit.

The net profit in the second quarter of 2026 totaled NIS 78.9 million, compared to NIS 43.6 million in the corresponding quarter last year - 81% increase.

The adjusted EBITDA in the second quarter totaled NIS 114.5 million, compared to NIS 71.6 million in the corresponding quarter last year - 60% increase.

The adjusted profit in the second quarter totaled NIS 80.8 million, compared to NIS 44.4 million in the corresponding quarter last year - 82% increase, due mainly to the increase in revenue from services, less the increase in costs and in the tax expense.

Highlights of the results for the first half of 2026:

Revenue in the first half of 2026 totaled NIS 368.7 million, compared to NIS 267.1 million in the corresponding period last year - 38% increase, due mainly to the increase in Clearing House services and in trading and clearing commissions.

Costs in the first half of 2026 totaled NIS 172.4 million, compared to NIS 165.5 million in the corresponding period last year - 4% increase, due mainly to an increase in employee benefits and operating expenses. This increase was partly offset by a decrease in computer and communications expenses and general and administrative expenses.

Net financing income in the first half totaled NIS 6 million, compared to NIS 2.1 million in the corresponding period last year - 189% increase. The increase in net financing income was due mainly to an increase in gains on marketable securities, an increase in interest income on deposits, and a decrease in interest expenses on a loan.

The tax expense in the first half totaled NIS 46 million, compared to NIS 24.3 million in the corresponding period last year - 89% increase. The increase in the tax expense was due mainly to the increase in the pre-tax profit.

The net profit in the first half of 2026 totaled NIS 156.4 million, compared to NIS 79.4 million in the corresponding period last year - 97% increase.

The adjusted profit in the first half totaled NIS 230.1 million, compared to NIS 133.5 million in the corresponding period last year - 72% increase.

The adjusted profit in the first half totaled NIS 158.9 million, compared to NIS 81.3 million in the corresponding period last year- 96% increase. Most of the increase was due to an increase in revenue from services, less the increase in costs and the tax expense.

This notification does not supersede the stated in the periodic financial statements of the Company for the second quarter of 2026, which contain the full and accurate information.

Click here for the link to the full financial statements for the second quarter of 2026>

Click here for the link to the financial presentation of the second quarter of 2026>

Seasonality

The revenue of the Company from trading and clearing is affected, inter alia, by the number of trading and clearing days. In the second quarter of 2026, there were 57 trading days, compared to 60 in the corresponding quarter last year. In the first half of 2026 there were 119 trading days, compared to 124 in the corresponding period last year. Presented below is information on the quarterly breakdown of trading days:

Year	First quarter	Second quarter	Third quarter	Fourth quarter	Total
2025	64	60	62	60	246
2026	62	57	61	64	244

The Tel-Aviv Stock Exchange will be happy to assist interested parties in initiating contact with our listed companies. Reach out to us for help connecting with the most relevant executives in these companies: 

Tom Alhadif,
Head of Market Development
Tel: +972 76 8160485
toma@tase.co.il

Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

 

View original content:https://www.prnewswire.com/news-releases/tase-reports-the-results-of-the-financial-statements-for-the-second-quarter-and-the-first-half-of-2026-302842661.html

SOURCE The Tel Aviv Stock Exchange Ltd.

FAQ

How did TASE (TVAVF) perform financially in Q2 2026?

TASE reported Q2 2026 revenue of NIS 185.4 million and net profit of NIS 78.9 million. According to TASE, this represents year-over-year growth of 36% in revenue and 81% in net profit, supported by higher Clearing House and trading-related revenues.

What are the key first half 2026 results for TASE (TVAVF)?

For H1 2026, TASE reported revenue of NIS 368.7 million and net profit of NIS 156.4 million. According to TASE, revenue increased 38% and net profit rose 97% versus the prior-year period, mainly due to higher service revenues and increased market activity.

What is included in the TASE (TVAVF) share buyback program announced on August 4, 2026?

TASE’s Board approved a share buyback of up to NIS 150 million, effective through December 31, 2026. According to TASE, the company will repurchase its shares from time to time using its own resources, subject to market conditions and applicable regulations.

How did trading volumes on TASE change in the first half of 2026?

Average daily equity trading volume reached NIS 5.7 billion in H1 2026, up 65% versus 2025. According to TASE, Friday trading averaged NIS 4.6 billion, compared with NIS 1.6 billion on Sundays in 2025, with foreign investors’ share rising to 41%.

What IPO activity did TASE (TVAVF) see in the first half of 2026?

TASE saw 15 new IPOs in the first half of 2026, compared with 9 in the prior-year period. According to TASE, total capital raised in the equity market reached NIS 6.1 billion, while the business sector raised NIS 106 billion in the corporate bond market.

How did TASE’s equity market capitalization change by Q2 2026?

TASE’s equity market cap reached NIS 2.7 trillion at the end of Q2 2026, compared with NIS 1.5 trillion a year earlier. According to TASE, leading indices also rose in H1 2026, with the TA-35 gaining 12% and TA-125 up 9.5%.

How did costs and taxes impact TASE (TVAVF) in 2026 so far?

TASE’s costs rose to NIS 88.4 million in Q2 2026 and NIS 172.4 million in H1 2026. According to TASE, higher employee benefits and operating expenses, along with increased tax expenses of NIS 22.1 million in Q2 and NIS 46 million in H1, reduced net margins.