#Israel #Tel Aviv #Israel Corp #ICL Group #Prodalim

Israel Corporation Reports Fourth Quarter and Annual Results for 2024

Israel Corporation Ltd. (TASE: ILCO), a major player in public investments, released its financial results for the fourth quarter and the entire year of 2024, showcasing impressive growth figures. The report is significant, as it delineates Israel Corp's performance during a period marked by fluctuating market conditions due to global economic uncertainties.

Financial Performance Overview

The selected financial figures for the fourth quarter and the year-end ending December 31, 2024, illustrate Israel Corp's resilience and adaptability:

• - ILCO's share in ICL profit reached $30 million for Q4, which is an increase compared to $28 million during the same period last year.
• - For the full year, the profit increased remarkably from $273 million in 2023 to $190 million in 2024, reflecting strategic growth despite market challenges.
• - Total net profit attributed to the company's shareholders rose to $31 million in Q4 and amounted to $190 million annually.
• - On the liquidity front, as of December 31, 2024, Israel Corp maintained a solid financial foundation with total financial liabilities recorded at $733 million and investments in liquid assets reaching $882 million.

Strategic Investments and Dividends

Amidst this strong financial base, Israel Corp continues to pursue strategic investments. The company entered into an investment agreement to acquire about 27.5% of Prodalim Investments Ltd. for approximately $116 million. Prodalim specializes in natural solutions for various sectors, including food, beverage bases, and unique flavorings, and is focused on innovative projects related to alcohol de-alcoholization. This partnership aligns with Israel Corp's strategic intent to expand its portfolio within the food technology and agricultural sectors.

Additionally, on March 27, 2025, the board approved a dividend distribution of $15 million, adhering to its previously announced dividend policy, which reflects confidence in its operational capabilities and financial health.

Asset Holdings

Israel Corp boasts substantial total assets valued at $2.977 billion as of the end of 2024. A major portion of this capital is attributed to its holdings in ICL Group, with over $2.799 billion representing approximately 567 million shares. Additionally, holdings in AKVA Group further enhance its asset portfolio.

This financial report is not merely a summary; it encapsulates Israel Corp's ongoing evolution and strategic positioning in critical industries that underscore its growth trajectory. The management remains committed to achieving higher returns through meticulous governance and active participation in board operations.

Conclusion

As we navigate through 2025, Israel Corporation's impressive fourth-quarter results and annual financial performance sets a positive precedent. Their strategic investments and consistent dividend distributions embody a robust financial strategy aimed at fostering sustainable growth in the future. Stakeholders and potential investors will find that Israel Corp is well-positioned to harness opportunities within its core sectors, continually driving forward for enhanced shareholder value.

For a deeper dive into their financial strategies and future outlook, stakeholders are encouraged to access Israel Corporation's publicly available filings on the Tel Aviv Stock Exchange or visit their official website for further details.