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Meitav Investment House Reports Stellar First Quarter 2026 Results

In a remarkable announcement today, Meitav Investment House (TASE: MTAV), a leading name in Israel's investment sector, shared its impressive financial outcomes for the first quarter of 2026. The firm has reached new heights, boasting record revenues and profits compared to the previous year.

Record Financial Performance

The first quarter ended March 31, 2026, yielded an astonishing total revenue of NIS 598 million (approximately $189 million), marking a 32% increase year-over-year. This rise in revenue is primarily attributed to a robust performance in assets under management (AUM) based activities, which themselves saw a remarkable growth of 38% to NIS 391 million (around $124 million).

Operating profit experienced an impressive surge of 55%, reaching NIS 223 million (about $70 million), showcasing the company's operational effectiveness and robust strategy. The adjusted EBITDA margin also saw an upswing to 42.3%, a considerable increase from about 38.3% in the same quarter of the previous year.

Additionally, Meitav reported record net inflows exceeding NIS 17 billion (approximately $5.4 billion) across various savings products, indicative of the strong trust clients place in the company amid an evolving market landscape.

Strategic Developments and Future Outlook

Ilan Raviv, CEO of Meitav Investment House, expressed optimism regarding the company's continued momentum. He noted, “This quarter illustrated the effectiveness of our diversified platform, where long-term savings segments performed exceptionally well, aided by inflows from both existing and new clients.” The CEO emphasized that the company anticipates the impacts of its ongoing AI initiatives will manifest by the end of 2026, a strategic move aimed at enhancing client service and operational efficiency.

The firm's financial officer, Einat Rom, reinforced this positive outlook, emphasizing that the significant revenue growth is accompanied by an efficient operating model that is scalable. This adaptability is crucial as it ensures profitability aligns with client and market dynamics.

Expanding Total Assets Under Management

As of March 31, 2026, Meitav's total assets under management swelled to a record NIS 425.7 billion (approx. $134.5 billion), reflecting a considerable increase from NIS 331.5 billion (roughly $104.8 billion) in Q1 2025. Notably, total AUM reached a new high of NIS 448 billion (about $142 billion) by April 30, 2026, further emphasizing the firm's strong growth trajectory.

The influx of assets showcases a robust demand for Meitav's varied investment products, underscored by increased mandatory pension contributions and the company's strategic positioning in both long-term and short-term savings arenas.

Continued Expansion in Non-Banking Segments

In the first quarter, the company's non-bank credit activities also expanded, achieving revenues of NIS 98 million (around $31 million), which represents an 8% uptick year-over-year. Their credit portfolio reached approximately NIS 3.67 billion (about $1.16 billion), highlighting a disciplined approach to risk management while concurrently expanding their client base.

Acknowledging Client Demand and Market Trends

Throughout Q1, retail brokerage activities remained robust, revealing that Meitav's recent merger of retail and institutional brokerage platforms significantly enhanced client services. The number of retail brokerage clients swelled to around 123,500, driven by an effective customer acquisition strategy and increased trading activity.

Furthermore, under the Meitav Access platform, new alternative investment offerings, particularly in infrastructure and real estate, are gaining traction and have marked a promising debut this quarter.

Conclusion

In summary, Meitav Investment House has reported another record quarter for Q1 2026, proving its resilience and adaptability in a competitive investment market. With strong management, strategic initiatives like AI integration, and a consistent inflow of assets, the firm appears well-positioned for further growth. Stakeholders and potential investors alike can anticipate continued positive developments from this leading investment house in the coming times.