Israel Shipyards

Israel Shipyards and Rafael are finalizing a 150 million euro deal to supply naval vessels and weapons to Cyprus, amid a broader surge in Israeli defense exports.

The infrastructure and industrial conglomerate controlled by Shlomi Fogel, Sami Katsav, and others concluded an exceptionally strong quarter - with an 84% jump in EBITDA, a 2.5 billion shekel order backlog at the shipyard, and a new silo facility that may directly affect food prices in Israel.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.