Tel Aviv Stock Exchange Reports 37% Rise in Third-Quarter Profit

The Tel Aviv Stock Exchange reported on November 10 that net profit for the third quarter rose 37% to NIS 68.3 million, compared with NIS 50 million a year earlier. Revenue for the quarter ended September 30 increased 19% to NIS 175.3 million. The exchange attributed the profit increase mainly to revenue growth, partly offset by higher costs and tax expenses. Adjusted EBITDA reached NIS 105.4 million, up 32%, while adjusted profit rose 39% to NIS 70.3 million. For the first nine months of 2026, revenue increased 31% to approximately NIS 544 million. Net profit over that period reached NIS 224.7 million, compared with NIS 129.4 million a year earlier, an increase of 74%. Average daily equities trading in the first nine months reached NIS 5.2 billion, up 52.4% from NIS 3.4 billion in 2025. Foreign investors accounted for 40% of trading at the end of the third quarter. Nearly 155,000 new securities accounts opened in Israel since the start of the year. Twenty-one companies completed initial public offerings in the first nine months, including six in the third quarter, raising a combined NIS 7.8 billion. Chief executive Ittai Ben Zeev said: “It is imperative that we continue to foster an environment that encourages investments and provides long-term certainty.” On September 16, the exchange’s board approved its 2027–2031 strategic plan, targeting organic annual revenue growth of 15%–18%, technological upgrades, more diverse revenue and stronger access to international markets.