The Tel-Aviv Stock Exchange Concludes 2025 with Growth Across All Segments
Ittai Ben Zeev, CEO of TASE: “The strong financial results reflect the continued organic growth across all our core activities and ongoing evolution of the Israeli capital market and the TASE-listed companies. Palo Alto Networks’ dual listing on TASE constitutes a profound vote of confidence in the Israeli capital market while strengthening TASE’s position on the international financial stage.”
29% increase in annual revenues to NIS 563.5 million
79% growth in annual net profit to NIS 181 million
58% growth in annual adjusted EBITDA to NIS 293.8 million
Net profit in the fourth quarter grew by 104%, totaling NIS 51.7 million
The board authorized a total dividend of NIS 144.8 million, which consists 50% of the annual net profit amounted to NIS 90.5 million in accordance with TASE’s policy, and a special dividend of NIS 54.3 million
- Revenues in 2025 totaled NIS 563.5 million, an all-time record, compared to revenues of NIS 437.9 million in 2024, a 29% increase.
- Revenues in the fourth quarter of 2025 totaled NIS 149.3 million, an all-time high, compared to revenues of NIS 115.4 million in the corresponding quarter in 2024 – a 29% increase.
- The net profit in 2025 totaled NIS 181 million, an all-time record, compared to NIS 101.4 million in 2024, a 79% increase.
- The net profit in the fourth quarter of 2025 totaled NIS 51.7 million, an all-time high, compared to NIS 25.4 million in the corresponding quarter in 2024, a 104% increase.
- The adjusted EBITDA in 2025 totaled NIS 293.8 million, an all-time record, compared to NIS 186.3 million in 2024, a 58% increase.
- The adjusted EBITDA in the fourth quarter of 2025 totaled NIS 80.8 million, an all-time high, compared to NIS 46.8 million in the corresponding quarter in 2024 – a 73% increase.
Ittai Ben Zeev, CEO of TASE, said today: “TASE concludes 2025 with strong financial results, reflecting continued organic growth across all our core activities and ongoing evolution of the Israeli capital market. These results underscore our successful strategy to expand our product range and investor services and to maintain our commitment to advanced infrastructure. At the same time, we are seeing sustained growth in data consumption alongside the increasing active participation of retail investors in the capital market, indicating an expansion of the investor base. Despite all the challenges of the last few years, we are witnessing the growth and resilience of TASE, with our local indices outperforming the leading global indices. As part of a significant milestone in strengthening TASE’s international profile and attracting foreign investors, we have completed the transition to a Monday through Friday trading week at the beginning of 2026. We are pleased with the early results of this change, with participation by global investors in Friday trading sessions exceeding the average recorded on Sundays in 2025. We expect this trend to accelerate during the remainer of 2026. These measures, coupled with the dual listing of cyber giant Palo Alto Networks on TASE, constitute a significant vote of confidence in the Israeli capital market and strengthen TASE’s position on the international financial stage, while further developing the local market for the benefit of all investors.”
TEL AVIV, Israel, March 5, 2026 /PRNewswire/ — The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today published its financial results for the fourth quarter ended December 31, 2025 and for 2025.
For most of 2025, trading on TASE took place against the backdrop of the ongoing war and elevated volatility. Against this background, the Israeli capital market has exhibited resilience and economic strength during 2024 and 2025. The leading equity indices on TASE broke their historic record on numerous occasions in 2025, outperforming the leading global indices: the TA-90 Index and the TA-35 Index gained 46.6% and 51.6%, respectively, compared to 17.9% on the S&P 500 Index and 21.0% on the NASDAQ-100 Index. At the end of 2025, TASE’s equity market cap reached NIS 2 trillion – a 46% increase from year-end 2024.
During 2025, trading volumes also set new records with the cash equities ADV rising to NIS 3.4 billion in 2025, 57% increase over 2024.
The IPO market staged an impressive resurgence in 2025 with 21 IPOs and an additional 5 companies listing their shares without raising capital, including one dual-listed company.
At the beginning of 2026, TASE transitioned to a Monday through Friday trading week as part of a significant milestone to strengthen its international profile and attract international investors. This change is off to a great start with robust participation by international investors in the …