Economy

Cellcom Posts Highest Quarterly Profit Since 2015 as Net Income Hits NIS 92 Million

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Courtroom-sketch editorial illustration of Cellcom CEO Eli Adadi smiling in a dark purple collared shirt against a softly shaded background.

Cellcom reported second-quarter net profit of NIS 92 million, up 44% from NIS 64 million a year earlier and its highest quarterly profit since 2015. Revenue excluding interconnection fees rose 5.5% to NIS 1.062 billion, while free cash flow reached NIS 136 million, the strongest quarterly result in a decade. The company said net financial debt fell to about NIS 1.1 billion, down NIS 458 million over the year. Cellular-service revenue grew 3% to NIS 425 million, though reduced overseas travel during Operation Roaring Lion weighed on roaming income.

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