Meitav Investment House Achieves Remarkable Growth in Q2 2026 Earnings Report

Meitav Investment House Announces Record Financial Results for Q2 2026

In an exciting announcement, Meitav Investment House, Israel's prominent investment firm, unveiled its outstanding financial performance for the second quarter ending June 30, 2026. This quarter not only marks record-breaking profit figures but also showcases the company's resilience in the ever-changing financial landscape.

Financial Highlights

Meitav's financial highlights for Q2 reveal stunning growth metrics. The net profit attributable to shareholders surged by an impressive 31% year-over-year, reaching approximately NIS 142 million (around $48 million). Sequentially, this increase translates to an 11% rise. Moreover, the adjusted EBITDA margin saw a notable enhancement, climbing to 43.2%, a significant leap from 42.3% in the previous quarter.

The report also notes that net profit across the board expanded by 25% compared to the same quarter last year, culminating in a total of NIS 151 million ($51 million). Earnings per share (EPS) witnessed an upward trajectory, increasing 23% year-over-year to reach NIS 1.70.

A robust 28% overall revenue growth was observed, amounting to NIS 614 million ($206 million). The company also reported a 37% surge in revenue from asset management based activities, which reached NIS 414 million ($139 million).

Asset Management and Client Trust

During this quarter, the company experienced remarkable net inflows exceeding NIS 14 billion (approximately $4.7 billion), reflecting clients’ continued confidence and trust in Meitav's offerings. The total assets under management (AUM) (excluding alternative investments) escalated to a record NIS 463 billion (around $155 billion) as of June 30, marking a substantial 14% increase compared to December 31 of the previous year.

Moreover, operating profit rose significantly, showcasing a 37% increase year-over-year, reaching NIS 224 million ($75 million). General and administrative expenses saw a slight reduction to NIS 168 million ($56 million), indicating effective cost management practices within the organization.

Key Revenue Segments

Diving into specifics, the long-term savings (LTS) segment reported revenues of NIS 268 million ($90 million), up 42% year-on-year. This growth was primarily fueled by robust client deposit inflows and increased market share. The mutual funds and ETFs segment also reported NIS 128 million ($43 million), reflecting a 29% growth from the previous year.

The non-bank credit division displayed a commendable performance as well, generating NIS 105 million ($35 million), showing a 7% year-over-year growth. More notably, Meitav has successfully completed the full exchange tender offer for Peninsula Group Ltd., ensuring its position in the credit market.

Future Projections

Speaking on these results, Ilan Raviv, the CEO of Meitav Investment House, expressed optimism about the future. He highlighted that the firm is ahead of its target for the first half of 2026 and is on track to exceed its full-year profit projections by over 25%, contingent upon favorable market conditions.

He emphasized the strategic importance of acquiring Peninsula, which allows Meitav to leverage its capabilities in the non-bank credit sector, optimizing operations and capital usage moving forward. Raviv also pointed to the significant advancements in AI initiatives within the firm, noting that around 55% of client communications are currently managed through AI systems, providing personalized services round-the-clock.

Market Confidence and Ratings Upgrades

This positive momentum was further highlighted by an upgrade in Meitav's bond ratings by Midroog, an affiliate of Moody's, from Aa3.il to Aa2.il, reflecting the financial community's confidence in Meitav's growth trajectory and financial health.

The first half of 2026 has shown a consistent upward trend in total revenue, which increased by 30% compared to the previous year, indicative of strong market positioning and client devotion towards Meitav's financial services.

In summary, Meitav Investment House has once again proven its mettle in the financial arena, and with a robust plan in place, the company appears well-positioned for continued success and growth in the coming quarters.