Supergas Power: Consumer Compensation and Half-Year Financial Results

Supergas Power concluded the first half of 2026 with a notable growth in revenue, totaling approximately 493 million shekels—an increase of about 26% compared to the same period last year. In the second quarter, the company recorded revenue of approximately 229 million shekels, up 31% year-on-year.

The revenue improvement is attributed to the expansion of electricity supply operations and growth in LPG sales. These factors led to a quarterly operating profit of approximately 1.6 million shekels (compared to an operating loss in the corresponding quarter) and a half-year operating profit of approximately 10.3 million shekels. However, the company ended the half-year with a net loss of approximately 9.5 million shekels, driven by increased financing costs and rising prices for imported LPG due to global oil market fluctuations.

Strategically, the company completed the sale of its natural gas operations to the Aluma fund for approximately 395 million shekels. This move enabled the repayment of all long-term bank loans and allowed the company to focus resources on its primary growth engines.

A significant update for consumers arises from a settlement agreement in a class action lawsuit, which may entitle household gas consumers connected to a central system to compensation and benefits totaling over 31 million shekels.

Under the terms of the settlement, submitted last July and pending final approval by the Supreme Court, a total of 17 million shekels (plus VAT) will be granted to eligible customers directly as a monetary credit on their gas bills. Additionally, the company will provide these customers with future benefits valued at a minimum of 14 million shekels (plus VAT), distributed over a four-year period.