Bezeq: Comparative net profit jumped 38% in the second quarter; company to distribute 500 million shekels in dividends
The group's core revenues — excluding telephony at Bezeq Fixed-Line, cellular services at Pelephone, private customers at Bezeq International, and revenues from Bezeq Online — amounted to approximately 2.03 billion shekels, an increase of about 4%. Total revenues rose by 1.4% to approximately 2.17 billion shekels.
The Bezeq Group, led by Chairman Tomer Raved and CEO Nir David, published its financial results for the second quarter of 2026 today, Wednesday, indicating continued growth in core activities.
The group's core revenues — total revenues excluding telephony at Bezeq Fixed-Line, cellular services at Pelephone, private customers at Bezeq International, and revenues from Bezeq Online — amounted to approximately 2.03 billion shekels, an increase of about 4%. Total revenues rose by 1.4% to approximately 2.17 billion shekels.
Bezeq will distribute a dividend of 515 million shekels, of which 415 million shekels will be in cash and the remainder through a share buyback. The new buyback follows the completion of a previous 150 million shekel program, part of an 800 million shekel multi-year framework.
At Bezeq Fixed-Line, core revenues amounted to approximately 998 million shekels, an increase of 1.9%, with a comparative net profit of approximately 259 million shekels (a 20% increase). The fiber optic network deployment reached 3.03 million households, and the number of subscribers connected to it rose to 1.06 million. The average revenue per user (ARPU) in the retail internet segment rose to 142 shekels, compared to 136 shekels in the corresponding quarter last year.
Pelephone recorded revenues of 511 million shekels (a 3% increase) and a comparative net profit of 34 million shekels. The subscriber base reached 2.71 million, of which 1.47 million are on 5G packages. The company's free cash flow was negative, at approximately 49 million shekels, mainly due to payments to employees following a new collective agreement and the timing of terminal equipment procurement.
The television company yes continued its recovery trend with revenues of 348 million shekels — the highest in about eight years — and a comparative net profit of 12 million shekels, compared to a loss of 22 million shekels last year. The number of television subscribers stood at 563,000, a decrease of about 2,000 subscribers compared to the previous quarter.
Bezeq International concluded the quarter with revenues of 276 million shekels and a comparative net profit of 11 million shekels.
