Record Financial Results for TASE in First Quarter of 2025 Show Strong Growth and Resilience

TASE Financial Results for Q1 2025

The Tel Aviv Stock Exchange Ltd. (TASE) has revealed its financial results for the first quarter ended March 31, 2025, and the numbers signify noteworthy growth across its operations amidst a challenging market environment. This quarter not only marks record figures but also demonstrates TASE's commitment to enhancing its strategic initiatives.

Record Revenue and Profit Growth

In the first quarter of 2025, TASE reported a revenue of NIS 131 million, representing a robust 21% increase from NIS 108 million in the previous year's quarter. This growth is attributed to significant developments across all core activities of TASE, particularly a notable rise in Clearing House services and increased trading and clearing commissions.

The adjusted EBITDA showed a remarkable increase of 27%, climbing to NIS 61.8 million from NIS 48.6 million year-over-year. The EBITDA margin also improved to 47.2%, up from 44.8% in the previous year. TASE's net profit for the quarter was reported at NIS 36.9 million, which is a 32% rise compared to NIS 27.8 million from the same quarter last year.

Surge in Trading Volumes and IPOs

One of the highlights of this quarter was the surge in equity trading volumes, which reached NIS 2.9 billion, signifying a 35% increase from NIS 2.1 billion in Q1 2024. This increase was spurred by heightened interest from both domestic and international investors, showcasing their confidence in the Israeli economy. Notably, five companies completed their Initial Public Offerings (IPOs) in this quarter alone, matching the total from the entire previous year.

TASE's various indices, including the TA-35 and TA-125, recorded positive performances, achieving returns of 1% and 0.8%, respectively. This is particularly impressive considering the declines seen in major indices like the Dow Jones and S&P 500, which faced drops of 0.9% and 4.3% respectively during the same period.

Strengthening Market Liquidity

To enhance liquidity within its markets, TASE recently launched a new market-making program on May 4, 2025. This strategic initiative entails an investment of several million shekels over the next two years. The program aims to bolster the number of market makers, diversifying trading opportunities and creating more competition, thereby improving trading depth.

TASE has already seen 265 companies sign on to this program, which is expected to grow. Furthermore, the tailored market-making program specifically designed for public companies has begun, with Bank Hapoalim being the first participant. The move towards creating more sophisticated trading operations aims to attract greater investor participation.

Future Outlook

Looking ahead, Ittai Ben Zeev, TASE's CEO, emphasized that the record results not only reflect the exchange's commitment to its strategic goals but also highlight a growing Israeli capital market that remains robust amidst global uncertainties. Confident in achieving further growth and development, TASE aims to continue accommodating local companies and enhance market efficiency for the benefit of all stakeholders.

In summary, TASE's financial results for the first quarter of 2025 underscore a strong trajectory for growth, heightened investor confidence, and a strategic approach to navigating challenges, positioning it favorably in the global market landscape. As the local and international economies evolve, TASE remains committed to adapting its strategies to foster an environment poised for continuous improvement and success.