TASE Reports the Results of the Financial Statements for the Second Quarter and the First Half of 2025
TASE concludes the second quarter with record results of29% revenue growth to NIS 136 million and 80% profit growth
Total revenues of NIS 136.1 million for TASE in Q2-2025, compared to NIS 105.1 million in the corresponding quarter last year - a 29% increase.
TASE's profit for the quarter came to NIS 43.6 million, compared to NIS 24.3 million in the corresponding quarter - an 80% increase.
Adjusted EBITDA came to NIS 71.6 million this quarter, compared to NIS 45.8 million in the corresponding quarter - a 56% increase.
The EBITDA Margin increased to 52.6% this quarter, compared to 43.6% in the corresponding quarter last year, a 9% increase.
Nine new companies completed IPOs on TASE in the first half of 2025, almost twice the number of companies that completed an IPO in the whole of 2024.
TASE's equity market cap reached NIS 1.7 trillion at the end of Q2 2025 - 21% higher than the market cap at year-end 2024.
Trading volumes hit a new all-time high with a 40% jump in the first half of the year. The quarter's equity average daily trading volume increased to NIS 3.2 billion, compared to NIS 2.2 billion in Q2-2024.
Ittai Ben Zeev, CEO of TASE: "The Q2 2025 financial statements point to the resilience of TASE, which rests on the strong foundations of the Israeli economy, even during this challenging period. During H1 2025, Israel continued to demonstrate social and economic resilience, through the ongoing October 7 War and became even stronger during the recent 12 Day War with Iran. The significant growth in all TASE's business lines and core activities continued throughout the past quarter. The Israeli retail segment is showing increased interest in the local capital market, although its overall participation remains relatively low compared to most other leading capital markets.
We remain committed to developing and upgrading the local capital market, and pursuing the strategic objectives outlined in TASE's strategic plan, which include, inter alia, enhancing the liquidity and marketability of the TASE-listed companies. As part of these efforts, we continue our preparations toward transitioning to a Monday to Friday trading week, which is expected to strengthen our connection with global markets and attract foreign investment to Israel."
TEL AVIV, Israel, Aug. 5, 2025 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the second quarter and the first half of 2025, ended on June 30, 2025.
The first half of 2025 was characterized by positive returns in the equity market, despite local and global geopolitical and economic challenges. The equity indices, TA-35, TA-90, TA-125 and TA-SME60 increased by 23.5%, 25.5%, 24.5% and 16.9%, respectively, in H1-2025. This, compared to the more moderate appreciation of the U.S. equity indices - the Dow Jones index, S&P 500 index and Nasdaq 100 index increased by 4.5%, 6.2% and 8.3%, respectively, in H1-2025.
TASE's equity market cap reached NIS 1.7 trillion at the end of Q2-2025 - 21% higher than the market cap at year-end 2024. In H1-2025, equity trading volumes grew significantly, hitting a new all-time high. The average daily trading volume on TASE came to NIS 3 billion, an increase of 40% compared to the average daily trading volume of NIS 2.1 billion in H2-2024.
The increase in trading volumes was driven, inter alia, by a substantial rise in the activity of retail investors, complemented by a significant increase in foreign investor participation. The growth in the number of new retail accounts led to the retail segment injecting NIS 8.4 billion into the equity market during H1-2025, more than twice as much as in H2-2024. In addition, foreign investors infused a net amount of
