Declares ILS 40 million (~ ILS 0.29 per share) One-Time Dividend
Second Quarter Revenue Increased 6.1% to ILS 336.3 million; Comparable Store Sales Increased 4.2%; Gross Margin Increased 210 Basis Points; Adjusted EBITDA Increased 26.0%
CAESAREA, Israel, Aug. 14, 2025 /PRNewswire/ — Max Stock Limited (TASE: MAXO) (the “Company”) today reported financial results for the second quarter ended June 30, 2025.
Second Quarter 2025 Summary
- Revenue increased 6.1% to ILS 336.3 million.
- Comparable store sales increased 4.2%.
- Gross margin increased 210 basis points to 43.8%.
- Net income (100%) decreased 6.3% to ILS 27.5 million.
- The decrease reflects approximately ILS 15.9 million of interest expenses (ILS 12.2 million net of taxes) related to revaluation of hedging positions due to strengthening of the ILS vs. the USD as of June 30th 2025
- Adjusted EPS1 (attributable to shareholders) decreased 6.8% to ILS 0.17.
- Adjusted EBITDA2 increased 26.0% to ILS 56.5 million.
First Half 2025 Summary
- Revenue increased 7.2% to ILS 675.4 million.
- Comparable store sales increased 3.6%.
- Gross margin increased 100 basis points to 43.0%.
- Net income (100%) increased 2.3% to ILS 59.4 million.
- Adjusted EPS1 (attributable to shareholders) increased 2.9% to ILS 0.38.
- Adjusted EBITDA2 increased 19.0% to ILS 104.5 million.
Note: Totals may be sightly impacted by minor rounding differences.
1 As used throughout this release, adjusted Net Income (attributable to shareholders) defined as Net Income + Share-based payment, multiplied by the portion attributable to shareholders. Adjusted EPS (attributable to shareholders) is then divided by the number of basic shares.
2 As used throughout this release, adjusted EBITDA Pre IFRS 16 defined as Net Income + Income Tax Expenses + Net Interest Expenses + D&A + Other Expenses – the impact of IFRS 16 + Share-based payment.
“We delivered strong second quarter operating results against tough year-over-year comparisons and despite an operating environment challenged by ongoing regional tensions,” said Ori Max, Chief Executive Officer. “Comparable store sales increased 4.2% on top of a 14.5% gain in the year ago period while gross margins improved 210 basis points driven in part by our recent supply chain initiatives. These gains, along with meaningful operating expense leverage, fueled a 26% increase in our adjusted EBITDA, highlighting the strengths of our business model and the output of our key growth drivers. Looking ahead, we are confident that our diverse and compelling merchandise assortments and tremendous value proposition will continue to resonate strongly with consumers, fortifying our position as Israel’s leading extreme discount retailer.”
Second Quarter Results (2025 compared with 2024)
Revenue increased 6.1% to ILS 336.3 million in the second quarter 2025 as compared with revenue of ILS 316.9 million in the second quarter 2024. The increase over the same period last year was largely attributable to a 4.2% increase in comparable store sales driven by an increase in average basket size, increased traffic and higher seasonal sales, combined with the opening ‘of new branches. Revenue growth was also attributable to an increase …