Mor Investment House shares plunge over 15% despite rising profits and dividends

Mor Investment House has released its financial report for the first half of 2026. Following the publication on Tuesday, the company's stock fell by 2%, bringing its weekly loss to 7.02%. Over the past month, the stock has plunged by 15.28%, disappointing investors.

Despite the market reaction, the financial report highlights several positive indicators. Revenues reached approximately 610.1 million shekels, a 27% increase compared to the same period last year. Net profit attributable to the owners of the parent company rose by 25% to approximately 88.2 million shekels.

Second-quarter revenues stood at 305.4 million shekels, a 22% increase year-on-year, while net profit was approximately 38 million shekels, a 2% decrease. As of August 4, 2026, assets under management totaled 219.5 billion shekels, marking a 14.5% increase since the beginning of 2026.

The company, controlled by the Mairov and Levy families and led by co-CEOs Yossi Levy and Eli Levy, alongside Chairman Meir Gridish, announced a dividend distribution of approximately 40 million shekels.

The company's dividend policy mandates distributing at least 80% of eligible profits, a threshold exceeded by this year's total payouts. Additionally, the board of directors expanded the share buyback program by 2 million shekels, leaving an unused framework of approximately 6.9 million shekels.

The subsidiary, Mor Provident and Pension, manages approximately 140 billion shekels as of August 4, 2026, a 15% growth since the start of the year. Revenues for this sector in the first half of 2026 reached 394.7 million shekels (+33%), with sector results totaling 71.6 million shekels (+31%).

In reports published last week (August 12, 2026), the provident and pension division raised its 2026 adjusted pre-tax profit forecast to 150–165 million shekels. The company also announced a 20 million shekel dividend distribution.

In the mutual funds sector, assets under management reached 63.8 billion shekels (+12% since the start of 2026), with 25.7 billion shekels in ETFs and tracking funds. Sector revenues for the first half of 2026 were 192.7 million shekels (+22%), and results reached 89.6 million shekels (+26%). This growth is driven by traditional funds, excluding success fees from hedge funds, which are typically recognized at year-end.

In investment portfolio management, the company manages 14.6 billion shekels (+24% since the start of the year). Sector revenues reached 27 million shekels (+35%), with results of 8.4 million shekels—a 366% increase compared to the same period last year. This performance was bolstered by operational leverage and reduced share-based payment expenses.