Record Financial Performance by TASE
In a remarkable achievement, TASE has reported impressive financial results for the year, showcasing a 12% increase in revenue, bringing total revenues to NIS 438 million. This is complemented by a substantial 22% rise in net profit, amounting to NIS 101 million.
Impressive Adjusted EBITDA
The adjusted EBITDA demonstrated robust growth, reaching 42.6% of revenues, totaling NIS 186 million, up from NIS 158 million recorded in the previous year. This 18% increase highlights TASE's operational efficiency and successful cost management strategies.
Dividend Distribution to Shareholders
In alignment with its strong performance, TASE has announced a significant dividend distribution of NIS 51 million, which represents 50% of the annual net profit for 2024. This decision underscores the company's commitment to delivering value to its shareholders.
Comprehensive Capital Returns
From January 2024 to March 2025, TASE projects total capital returns to shareholders to reach NIS 526 million. This includes dividends and share buybacks, showcasing TASE's proactive approach to providing returns amidst market challenges.
Trading Performance and Market Resilience
Despite operating in a tumultuous environment characterized by ongoing geopolitical tensions, TASE has demonstrated notable resilience. The leading TASE equity indices outperformed global counterparts, with the TA-125 index surging 29%, while the TA-35 index rose 28%. This performance reflects investor confidence and the TASE's strategic positioning in the global market.
Notable Trading Volume Increases
The trading volumes on TASE increased significantly throughout the year, with an average daily trading volume reaching NIS 2.2 billion, a 10% increase from the previous year. This growth reflects heightened investor participation and engagement in the market.
New Listings and IPOs
In 2024, TASE welcomed eight new companies that completed IPOs with an aggregate value of NIS 8.4 billion. This trend of new listings indicates a vibrant market appeal and TASE's role as a favorable platform for capital raising.
Strength in the Bonds Market
The bonds market also experienced significant growth in 2024, with corporate bond issuances totaling NIS 123.5 billion. This marks an increase from NIS 100 billion in 2023, reinforcing TASE's position as a key venue for debt financing in Israel.
Core Activities and Strategic Initiatives
Throughout 2024, TASE continued to build on its core activities by investing in market infrastructure and technology. In collaboration with the Israel Securities Authority and the Bank of Israel, TASE announced plans to shift its trading week to align with international standards, enhancing market accessibility for foreign investors.
AI Initiatives for Enhanced Reporting
TASE has also initiated the use of artificial intelligence to translate immediate reports into English, improving accessibility for international investors. This effort demonstrates TASE's forward-thinking approach to expanding its global reach.
Enhancements in Trading Capacity
Responding to increased trading demand, TASE expanded its colocation capacity significantly in the last quarter of 2024. This includes establishing new points of presence internationally, facilitating better connectivity and trading capabilities for clients.
Future Outlook and Commitment
Looking ahead, TASE remains committed to advancing its market position through innovation, strategic partnerships, and a focus on enhancing the trading experience for both existing and new investors. TASE’s proactive approach in developing new product offerings and enhancing operational efficiency positions it well for sustained growth.
Frequently Asked Questions
What were the main highlights of TASE's 2024 financial performance?
TASE achieved a record revenue of NIS 438 million and a net profit of NIS 101 million in 2024.
How much dividend did TASE declare for its shareholders?
TASE declared a dividend of NIS 51 million, representing 50% of its net profit for the year.
What was the impact of the market conditions on TASE's performance?
Despite geopolitical challenges, TASE's indices outperformed global benchmarks, illustrating market resilience.
How did the trading volume change in 2024?
The average daily trading volume increased to NIS 2.2 billion, reflecting greater investor engagement.
What strategic initiatives is TASE pursuing for future growth?
TASE plans to implement trading week changes and leverage AI for enhanced accessibility, positioning itself for further growth.
