Impressive Financial Growth from TASE in 2025
TASE has reported a remarkable 28% increase in revenue for the first nine months of 2025, reaching NIS 414.2 million.
This growth trajectory is supported by a net profit of NIS 50 million in Q3, translating to a stunning 92% increase compared to the same quarter last year.
Quarterly revenues totaled NIS 147.1 million, marking a record 35% expansion over the corresponding quarter last year.
Moreover, adjusted EBITDA surged by 76%, climbing to NIS 79.5 million when compared to Q3 of the previous year.
The equity trading volumes experienced sky-high activity on TASE, with an 88% increase during Q3, showcasing an average daily trading volume that peaked at NIS 3.8 billion.
Remarkable Achievements and Market Dynamics
The first nine months of 2025 also recorded a net profit of NIS 129.4 million, a significant rise of 70% compared to NIS 76 million in the corresponding period last year. The success in net profit during Q3 2025 further solidifies TASE's standing.
Equity trading activities surged on the exchange, with volumes increasing by a phenomenal 88% in Q3.
In terms of IPOs, 17 companies completed their offerings on TASE within the first nine months of the year, raising NIS 3.8 billion compared to five IPOs and only NIS 0.8 billion during the entire previous year.
CEO Ittai Ben Zeev details TASE's outlook: "The financial results up to September 30 showcase TASE's unprecedented growth across all segments, emphasizing the fantastic potential of the Israeli capital market and the strong foundations of our economy. We see an upward trend in retail investors’ participation, which is expected to keep growing. Our strategic transition to a Monday-to-Friday trading schedule will provide global investors greater access, heightening participation and market liquidity effectively after its launch in January 2026."
Sector Performance and Market Capitalization
The leading TASE indices, including TA-35 and TA-90, have recorded outstanding gains during the first nine months of 2025, achieving increases of 34% and 32% respectively. In contrast, U.S. indices, such as the Dow Jones and S&P 500, only experienced 11% and 15% increases during the same timeframe.
TASE's market capitalization witnessed a significant rise, reaching NIS 1.8 trillion by the end of Q3 2025, which translates to a 51% growth over the last year.
Alongside this, foreign investor inflows into TASE's equity market soared, totaling NIS 6.4 billion in the first nine months of 2025, significantly higher than the NIS 2.4 billion recorded last year.
Operational Enhancements and Future Prospects
In TASE's corporate bond market sector, there was notable activity as 21 new corporate issuers raised NIS 5.2 billion in the first nine months of the year. The total number of bond issuers reached an impressive high of 100 by the end of the quarter.
Total debt issuance in the corporate bond market for the year has reached NIS 148 billion, compared to NIS 87 billion during the same period the previous year. This evolving financial landscape demonstrates TASE's commitment to enhancing market operations and fostering a robust trading environment.
The Ministry of Finance also played a crucial role, raising NIS 115 billion in bond offerings, despite a slight decline compared to the NIS 142 billion raised last year. Factors such as currency fluctuations and government spending adjustments contributed to these outcomes.
TASE's implementation of a new trading session called Trading at Last (TAL) on August 10, 2025, has positioned it favorably alongside global exchanges, enhancing accessibility and attractiveness for international investors.
Q3 2025 Financial Overview
Revenue for Q3 2025 surged to NIS 147.1 million, a 35% increase from the same quarter in the previous year. This was largely driven by increases in revenues from the Clearing House and trading services.
Costs for the quarter reached NIS 84.5 million, representing a 7% rise compared to NIS 79.1 million last year, primarily due to increased operational and technology-related expenses.
The net financing income declined by 35% to NIS 2.6 million for the quarter, as changes in deposit balances and securities market trends had an impact.
Tax expenses skyrocketed to NIS 15.2 million, reflecting the higher pre-tax profit and rising operational margins.
The adjusted profit for Q3 reached NIS 50.7 million, marking an 86% rise over last year's equivalent quarter.
With basic EPS hitting a record high of NIS 0.547, TASE continues to demonstrate solid financial health and promises exciting opportunities ahead for growth and investor engagement.
Frequently Asked Questions
What is TASE's revenue growth for 2025?
TASE reported a remarkable 28% revenue growth for the first nine months of 2025, reaching NIS 414.2 million.
How much was the net profit for Q3 2025?
The net profit for Q3 2025 reached NIS 50 million, which is a 92% increase from the same quarter last year.
What significant trends were observed in TASE's trading volumes?
Equity trading volumes on TASE surged by 88% in Q3, achieving an all-time high of NIS 3.8 billion in daily trading volume.
What changes are expected in TASE's trading schedule?
TASE is transitioning to a Monday-to-Friday trading schedule, set to begin on January 5, 2026, to enhance global investor participation.
How many IPOs were completed on TASE in 2025?
Seventeen companies completed IPOs on TASE in the first nine months of 2025, raising a total of NIS 3.8 billion.
