Trading services and options management boosted IBI's profit

The IBI investment house benefited from the market boom, which boosted the revenues of its various activities. These translated to the bottom line, leading to a jump of about 76% in the investment house's net profit, which totaled about 65 million shekels in the second quarter. In the half-year summary, the company recorded an even higher jump in net profit, which climbed by 135% and stood at about 159 million shekels.

The group's revenues, managed by Dave Lubetzky, grew in the second quarter of the year by about 37% and totaled about 479.3 million shekels. In the first half, revenues totaled about 964 million shekels, a growth of about 42% compared to the same period last year. This is thanks to growth in most of the group's core activities.

The largest growth was recorded by the capital activity, within which the group provides financial services to companies, including the management of option trust plans. The activity's revenues grew in the second quarter by about 110% and totaled about 130.6 million shekels. The growth was accompanied by a sharp improvement in profitability, as the EBITDA (earnings before interest, taxes, depreciation, and amortization) from the sector jumped by 265% and totaled about 69 million shekels.

At the same time, the group also benefited from a significant jump in trading services activity, in the shadow of rising prices in the markets and the growing interest in investments from an ever-increasing segment of the population. The activity's revenues stood in the second quarter at about 126.4 million shekels, an increase of about 47% compared to the same quarter last year. On the bottom line, the EBITDA from the sector more than doubled and totaled about 49.4 million shekels. In the background, during the quarter, about 7,120 clients joined the activity, which counts about 90 thousand clients.

The mutual funds and portfolio management activity recorded a record quarter, with growth of about 25.2% in revenues to about 99.3 million shekels. The EBITDA from the sector grew by about 52% and totaled about 27.6 million shekels. In the background, as of the end of the quarter, the value of assets in portfolio management stood at 56.9 billion shekels, while mutual funds manage assets in the amount of 88.8 billion shekels.

The revenues of the pension agency sector, carried out through the "Arbaa Onot" company, grew by about 9% and totaled about 50.8 million shekels, while the EBITDA from the sector grew by about 62% and totaled about 20.1 million shekels. The growth was supported by an increase in the volume of the asset portfolio, sales, and the joining of new agents. During the quarter, Arbaa Onot recorded sales of about 3.3 billion shekels in financial and pension products, and its total portfolio volume stood at about 56.8 billion shekels.

The underwriting sector's revenues grew by about 69% in the second quarter of 2026 and totaled 34.6 million shekels. The growth was supported by an increase in activity volumes in the IPO market and an increase in value from the investment in the Manor fund. The EBITDA from the sector grew by 55% and totaled 16.6 million shekels.

The stock jumped by about 45% since the beginning of the year

Dave Lubetzky, CEO of IBI Investment House, stated:

"The results of the second quarter of 2026 reflect the accelerated growth in the group's core activities alongside an improvement in profitability. The rate of revenue growth was significantly higher than the rate of increase in expenses, and reflects the continued improvement in the group's operating leverage. The growth was reflected in most of the activity sectors, with continued accelerated growth in capital, a record quarter in mutual funds and portfolio management, and continued growth in trading services and underwriting activity."

Against the strong performance, IBI shares jumped by about 45% since the beginning of the year, completing a jump of almost 80% over the past year, which brought it to a value of about 6 billion shekels.