Highlights
Comprehensive income reached NIS 803 million in the third quarter and NIS 2,299 million in the first nine months of 2025, compared to NIS 758 million and NIS 1,649 million, respectively in the corresponding periods last year
Phoenix achieved a return on equity of 29.2% in the third quarter and 26.8% in first nine months of the year
Core income reached NIS 667 million in the third quarter and NIS 1,985 million in first nine months of 2025, compared to NIS 572 million and NIS 1,651 million, respectively in the corresponding periods last year
Asset Management activity continued to grow at an accelerated pace, generating NIS 682 million in core income, an increase of 43% compared to the corresponding period last year; total AUM reached NIS 585 billion (roughly $180 billion), an increase of 11% compared to December 31, 2024
Phoenix generates strong cash flows and announces a quarterly dividend of NIS 320 million (NIS 1.25 per share). For the first nine months of the year, aggregate dividends total NIS 950 million (NIS 3.76 per share). The Company also executed buybacks for a total of NIS 188 million during this period
Phoenix publishes medium-term guidance for 2028, with core income expected to reach NIS 3.3-3.5 billion. The Company expects Insurance activity to generate NIS 1.9-2.1 billion in income and Asset Management to generate NIS 1.3-1.5 billion
Business performance and strategic growth
Phoenix reports NIS 803 million comprehensive income in the third quarter (NIS 3.2 per share) and NIS 2,299 million in comprehensive income for the first nine months of 2025 (NIS 9.0 per share) compared to NIS 758 million and NIS 1,649 million, respectively in the corresponding periods last year
Core income grew to NIS 667 million in the third quarter and NIS 1,985 million in first nine months of 2025 (core income - excluding capital market, interest rate, and special effects), compared to NIS 572 million and NIS 1,651 million, respectively in the corresponding periods last year
Return on equity achieved 29.2% in the third quarter and 26.8% in the first nine months of the year, reflecting Core ROE of 24.0% and 23.4% respectively
Asset Management growth engines continue to grow high-margin, high-multiple activities. Core Income from Asset Management (including Wealth & Investments, Retirement, Brokers & Advisors, and Financing segments) increased significantly to NIS 256 million in the third quarter of 2025 and NIS 682 million in the first nine months of the year, compared to NIS 179 million and NIS 475 million, respectively in the corresponding periods last year. Adjusted EBITDA (on a consolidated basis, including minority interest) grew to NIS 430 million in the third quarter of 2025 and NIS 1,188 million in the first nine months of the year, compared to NIS 291 million and NIS 860 million, respectively in the corresponding periods last year, due to accelerated growth, efficiency and competitive advantages. Phoenix's assets under management grew to NIS 585 billion ...
