After shares plummeted by nearly 20%: Mivtach Shamir reports millions in losses
Israeli holding and investment company Mivtach Shamir has released its financial results for the second quarter of 2026, showing an increase in equity alongside significant losses in the technology and international real estate sectors.
Mivtach Shamir, an Israeli holding and investment company, has published its financial reports for the second quarter and the first half of 2026. According to the data, equity stood at approximately 1.8 billion shekels at the end of the period, compared to approximately 1.7 billion shekels in the corresponding period last year—an increase of 7.5%.
Against the backdrop of the financial report, Mivtach Shamir's stock rose by 6.13% over the past month, though it has plummeted by 19.74% over the last three months. The company operates in four main sectors: energy, finance, real estate, and technology. The total contribution of these sectors to the company's profits for the second quarter of 2026 stood at approximately 13.3 million shekels.
The finance sector, which includes investments in three companies—most notably the financial services firm Manif—contributed approximately 20.9 million shekels to the company's profits for the second quarter of 2026.
The energy sector, which includes natural gas-powered power plants (such as Alon Tavor and Kesem), renewable energy, and waste treatment, contributed approximately 19.1 million shekels to the company's profits for the same period.
The real estate sector, which includes assets in Israel, the USA, England, and Canada, resulted in a loss of approximately 1.4 million shekels. Furthermore, the report reveals that the technology sector contributed a loss of 25 million shekels to the company's results for the second quarter of 2026.
