#Israel #Tel Aviv #Phoenix Financial #Asset Management

Phoenix Financial's Exceptional Growth in Q1 2026

Phoenix Financial Ltd., a preeminent financial platform and capital allocator based in Israel, has disclosed its impressive results for the first quarter of 2026. The firm has marked a robust 24% increase in comprehensive income, signaling strong market performance and strategic growth initiatives.

Financial Highlights

For the first quarter, Phoenix reported a comprehensive income of NIS 702 million, equivalent to NIS 2.8 per share. This represents a substantial rise from NIS 568 million during the same period last year. The company's core income has also shown remarkable growth, amounting to NIS 709 million, up by more than 13% compared to NIS 626 million in Q1 2025. The return on equity (ROE) remained strong at 24.1%, reflecting the firm's successful strategies in optimizing operations and capital allocation.

In particular, Phoenix's asset management sector saw accelerated growth, contributing to a core income of NIS 251 million—a 23% increase year-on-year. This growth is not just a passing trend; it aligns with the company's strategic focus on fee-based services across wealth and retirement sectors.

Strategic Acquisitions and Developments

During this quarter, Phoenix has further solidified its market position by acquiring BUYME, a prominent digital platform, and Fidelis, a wealth management firm. These acquisitions aim to enhance Phoenix's service offerings and competitive advantage in the financial services sector. The total assets under management (AUM) increased to NIS 623 billion, up from NIS 610 billion at the end of 2025, displaying continuous trust from investors and growth in the client base.

Furthermore, Phoenix's digital presence is evolving, with significant engagement in its app, which boasts over 90,000 active traders. The firm is committed to integrating artificial intelligence (AI) across various operations, such as sales and service, to enhance client experiences and improve operational efficiency.

Financial Management and Dividends

Phoenix has demonstrated effective financial management by maintaining liquidity and managing debt levels. The company declared a quarterly dividend of NIS 320 million (NIS 1.3 per share), complemented by NIS 85 million in share repurchases. This equates to a total capital payout of NIS 405 million, representing a remarkable 57% of the first-quarter income.

CEO Eyal Ben Simon stated, “Our results exhibit sustained organic growth momentum. We successfully harnessed both organic and inorganic growth opportunities while ensuring disciplined execution focused on profitable growth. Our strategic direction emphasizes digitization and strengthening our client engagement.”

Looking Forward

As Phoenix Financial continues to expand its services and grow its market presence, the company aims to leverage its recent advancements in technology and strategic partnerships to disrupt the Israeli financial services landscape further. The firm is also eyeing future acquisitions, seeking opportunities that promise synergies and enhanced capabilities.

The strong operational and financial results reinforce Phoenix's position as a formidable player in the financial sector, emphasizing its commitment to shareholder value while continuing to innovate and expand.