60% jump in profit and one sector that stands out negatively: Electra summarizes the quarter
Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and the entry of Tash-I as a partner in transportation.
Electra Group Ltd. concludes the quarter with a sharp increase in revenues and profits: the company's revenues grew in the second quarter of the year by about 17%, to about 4 billion shekels, and net profit jumped by about 60% to about 109 million shekels. The group's EBITDA (net profit excluding interest, taxes, depreciation, and amortization) rose by about 21.8% to about 263 million shekels. The backlog of work also rose in the last quarter to about 44 billion shekels.
Meanwhile, in the building and infrastructure projects sector, revenues rose by about 34.7% to about 2.1 billion shekels. This follows an increase in execution volumes in the sector's areas of activity and the joining of the Ter-Adama company to the group, starting from the end of the third quarter of 2025. In the operation, service, and maintenance sector, revenues rose by 10.8% to 935 million shekels.
In the real estate development and construction sector, revenues for the quarter rose by 26.1% to 237 million shekels, compared to about 188 million shekels in the corresponding quarter last year; and also in the concession sector, revenues for the quarter rose by 37.5% to 367 million shekels, compared to about 267 million shekels in the corresponding quarter last year. This growth is mainly due to an increase in Electra Afikim's revenues and an increase in the revenues of the concessionaire of the project for the construction of a sludge drying facility.
At the same time, the only sector that stands out negatively in Electra's reports is building and infrastructure projects abroad. There, there was a 23% decrease in revenues to about 504 million shekels. According to the company, the decrease is due to the erosion of the dollar exchange rate and a decrease in the revenues of the group's operations in Europe. Looking at the half-year, there was a decrease of about 14% in revenues and 41% in operating profit, compared to the corresponding period last year. The company attributes the decrease in operating profit to a decrease in profitability in the group's operations in the USA.
In total, in the first half of 2026, the company's revenues rose by about 15.7% to 7.85 billion shekels. Net profit grew during this period by about 26% to 169 million shekels. Consequently, the company's board of directors approved the distribution of a dividend totaling about 41 million shekels.
A quarter of events
Meanwhile, in the current quarter, Electra noted several events and acquisitions. Just a week ago, the company updated on winning the tender for the design, financing, construction, operation, and maintenance of the fast lanes project on Highway 5. The concession period will be 25 years, and according to the company's estimate, the total consideration expected over its duration is about 3.9 billion shekels.
In addition, in July 2026, Electra updated on the signing of the financial closing, construction, and operation agreements for the Haifa-Nazareth light rail project - "Nofit", which is being promoted by the Ministry of Transport, in the amount of about 3.9 billion shekels. Electra is a partner in the project's concessionaire at a rate of 40.05%, with the total scope of the project estimated at about 13 billion shekels.
In June 2026, the company updated that the first stage of the transaction was completed, in which Tash-I will enter as a strategic investor in Electra's transportation operations. According to the agreement, Tash-I acquired, in a transaction consisting of two stages, about 33.3% of the companies Electra Afikim and Electra Motors ("acquired companies") based on a total valuation of about 750 million shekels. The total consideration to Electra as part of the transaction, which will be carried out in two stages, amounts to about 163 million shekels.
Itamar Deutscher, CEO of Electra Group, said:
"We are continuing the trend of improvement in results with continued strong growth in revenues and improvement in profitability. Alongside this, we continue to expand the group's operations in all business sectors, with an emphasis on continuing to expand the range of solutions that Electra offers its customers, while building an infrastructure that will yield long-term cash flow sources, which will ensure the future growth of the group."
