#Israel #Tel Aviv #TASE #Tel Aviv Stock Exchange #Ittai Ben Zeev

TASE's Historic Financial Performance in 2025

The Tel Aviv Stock Exchange (TASE) has marked the end of 2025 with remarkable financial achievements, establishing new records in revenues and profits across all its operational segments. In a year influenced by considerable market volatility and external challenges, TASE has demonstrated resilience and growth, highlighted by its annual report released in early March 2026.

Key Financial Highlights

In 2025, TASE reported an astounding NIS 563.5 million in revenues, reflecting a 29% increase over the previous year. This marks the highest revenue ever recorded by the exchange. The net profit for the year reached NIS 181 million, which is an impressive 79% growth compared to 2024. Furthermore, the adjusted EBITDA climbed to NIS 293.8 million, showcasing a 58% year-over-year increase.

Breaking down the fourth quarter results, TASE recorded revenues of NIS 149.3 million, a 29% increase from the same quarter in 2024. Notably, the net profit for this quarter surged to NIS 51.7 million, nearly doubling the NIS 25.4 million reported in Q4 2024.

Strong Leadership and Strategy

Ittai Ben Zeev, CEO of TASE, expressed pride in the results, stating that they reflect the ongoing organic growth of their core operations and an evolving Israeli capital market. He emphasized the dual listing of cyber security giant Palo Alto Networks on TASE as a significant endorsement of the exchange's international standing.

Ben Zeev remarked, "These results underscore our successful strategy to expand our product range and investor services while maintaining advanced infrastructure. We anticipate that the transition to a Monday through Friday trading week, initiated at the beginning of 2026, will boost participation from global investors, enhancing our market's appeal further."

Market Performance amidst Challenges

Throughout 2025, trading on TASE occurred against the backdrop of an ongoing war and economic volatility that tested the endurance of the Israeli capital market. Nevertheless, TASE's leading indices, the TA-90 and TA-35, consistently outperformed their global counterparts, achieving increases of 46.6% and 51.6% respectively, compared to the S&P 500’s 17.9% and NASDAQ’s 21.0%.

By year-end, TASE’s equity market capitalization reached NIS 2 trillion, marking a 46% increase from 2024. The trading volumes saw a record average daily volume (ADV) of NIS 3.4 billion, a 57% increase over the previous year.

Investor Engagement and IPO Growth

The base of retail investors on TASE expanded substantially, with 200,000 new trading accounts opened in 2025, a 25% rise from the previous year. Moreover, confidence among foreign investors was evident, with net inflows into the equity market reaching NIS 4.4 billion.

The IPO market also rebounded impressively with 21 IPOs launched and a total capital raise of NIS 21 billion, significantly up from NIS 8 billion in 2024. This showcases the renewed trust and interest in opportunities within the Israeli market.

A Look Ahead

As TASE heads into 2026, the outlook seems positive. The introduction of a Monday through Friday trading week is expected to foster greater international engagement, particularly during the newly designated Friday trading sessions. The early outcomes from this shift show promising participation rates exceeding those of previous Sunday sessions.

Additionally, TASE's management is currently exploring strategic opportunities related to its indices activity, which might involve partnerships with international entities or even a partial sale. Any agreements will be contingent upon approval from TASE's Board of Directors.

In conclusion, TASE's 2025 performance sets a solid foundation for the exchange’s future growth, embodying a blend of resilience, strategic initiatives, and expanded investor engagement. As TASE continues to evolve, the expectation remains that these trends will only accelerate, positioning it firmly on the global financial map.