TASE's Financial Growth in Q3 2025: Achieving Record Revenues and Net Profits

TASE Reports Impressive Financial Results for Q3 2025

The Tel Aviv Stock Exchange (TASE) has released its financial results for the third quarter ending on September 30, 2025, showcasing a significant upward trajectory in its performance metrics. The exchange recorded a remarkable 28% growth in revenues during the first nine months of 2025, with total revenues reaching NIS 414.2 million. This growth was complemented by a net profit that peaked at NIS 50 million for Q3 2025, reflecting a staggering 92% increase compared to the same quarter of the previous year.

Key Highlights of TASE's Q3 Performance

TASE's quarterly revenues hit a record NIS 147.1 million, marking a 35% increase from the corresponding period last year. The growth is attributed to improvements across all trading activities, particularly in Clearing House services. Significant metrics include the adjusted EBITDA, which increased by 76%, amounting to NIS 79.5 million. Additionally, equity trading volumes soared by 88%, reaching an all-time average daily trading volume of NIS 3.8 billion, signaling robust market engagement and investor confidence.

The net profit of NIS 50 million is a significant milestone for the exchange, up from a mere NIS 26 million during the same quarter last year. This achievement is indicative of TASE's strong operational framework and effective market strategies. The increase in profits came despite a rise in costs, which totaled NIS 84.5 million, representing a 7% increase year-over-year. This rise in costs can mainly be attributed to heightened expenses in communications and technology as TASE continues to innovate its services.

Growth Despite Challenges

TASE CEO Ittai Ben Zeev highlighted the resilience of the Israeli capital market, stating that the significant growth showcases the underlying strength and potential of the economy. Notably, there has been an observable increase in retail investor participation in TASE, which is expected to further enhance market liquidity and dynamism. Despite the regional security challenges during the quarter, market activities remained robust with historic records continuously being set.

In line with the efforts to improve market conditions, TASE is progressing with its plan to transition to Monday-to-Friday trading, set to be launched on January 5, 2026. This is anticipated to eliminate barriers for international investors and elevate TASE's global presence, providing substantial benefits for companies and investors alike.

Sector Analysis

Equity indices on TASE, such as TA-35 and TA-90, have also underlined a compelling performance, showing gains of 34% and 32%, respectively. This is significantly higher than the 11% and 15% uptick observed in the Dow Jones and S&P 500 indices. Additionally, sector-specific indices like TA-Insurance and TA-Finance reported astronomical increases of 112% and 71%, respectively.

The exchange's market capitalization surged to NIS 1.8 trillion by the end of the third quarter, witnessing a considerable 51% increase compared to the same period last year. Furthermore, foreign investment in TASE's equity market has reached NIS 6.4 billion in the first nine months of 2025, up from NIS 2.4 billion the year prior, showcasing increasing confidence from global investors.

Looking Forward

As TASE approaches the end of the fiscal year, it aims to maintain this upward momentum. The implementation of enhanced trading sessions and new indices over the previous months reflects TASE’s commitment to aligning its operations with international standards and ongoing market optimization.

The successful completion of 17 IPOs in 2025, raising NIS 3.8 billion - a considerable increase from last year’s figures - underscores the vibrant investment landscape on TASE. Additionally, a record number of corporate bond issuers has supported TASE's corporate bond market, which has seen substantial fundraising.

In conclusion, TASE's third quarter results exemplify remarkable growth fueled by strategic initiatives and an increasingly vibrant investor landscape. With ongoing developments and a focus on enhancing market accessibility, TASE is poised for sustained success moving forward.