Phoenix Financial Reports Strong Q3 2025 Results and Sets Ambitious 2028 Guidance

On November 26, 2025, Phoenix Financial Ltd., a premier asset management and insurance firm based in Israel, disclosed its results for the third quarter of 2025 alongside its medium-term outlook for 2028. The report highlighted substantial financial growth and ambitions for continued expansion in the future.

Key Financial Highlights

In Q3 2025, Phoenix Financial achieved a comprehensive income of NIS 803 million, marking an increase from NIS 758 million during the same period the previous year. For the first nine months of 2025, the comprehensive income amounted to NIS 2,299 million, compared to NIS 1,649 million in 2024. The company recorded a remarkable return on equity of 29.2% in Q3 and 26.8% year-to-date. Core income figures also reflected positive trends, increasing to NIS 667 million in Q3 2025, up from NIS 572 million, and to NIS 1,985 million year-to-date, nearing last year's total of NIS 1,651 million.

Growth in Asset Management

Phoenix Financial's asset management division has been a strong growth driver. The unit reported NIS 682 million in core income for the first nine months of 2025, representing a 43% increase compared to the same period last year. With total assets under management (AUM) reaching NIS 585 billion (approximately $180 billion), this sector continues to thrive, fueled by the company's strategic initiatives and competitive advantages.

Strategic Initiatives and Dividend Payments

Due to its robust cash flow performance, Phoenix Financial announced a quarterly dividend of NIS 320 million, equating to NIS 1.25 per share. Over the first three quarters, total dividends amount to NIS 950 million (NIS 3.76 per share), reflecting the company’s commitment to returning value to its shareholders. Additionally, share buybacks totaling NIS 188 million have been executed during this period, further emphasizing Phoenix's dedication to enhancing shareholder value.

2028 Medium-Term Guidance

Looking ahead, Phoenix Financial has set ambitious targets for 2028. The company projects core income to reach NIS 3.3-3.5 billion, with expectations of growing income from insurance activities to NIS 1.9-2.1 billion and from asset management to NIS 1.3-1.5 billion. The firm also aims to grow its total AUM to between NIS 700 billion and NIS 800 billion by 2028, underpinned by a focus on high-margin activities and enhanced profitability. This guidance reflects Phoenix's strategic vision to capitalize on significant market opportunities.

Commitment to Sustainability and Community Support

In addition to financial performance, Phoenix Financial emphasizes its commitment to sustainability and social responsibility. Recently recognized by SP's global ESG rankings, the company has actively engaged in community support initiatives, focusing on technology-oriented education and rehabilitation in southern Israel. CEO Eyal Ben Simon reaffirmed the group’s dedication to its clients and shareholders, stating that despite challenging circumstances, Phoenix remains resilient and committed to driving value and innovation.

Conclusion

Phoenix Financial's Q3 results and outlook for 2028 highlight its strength in the financial sector and ambitious growth plans. As the largest asset manager in Israel, the company is positioned to leverage market opportunities, continue its trend of strong earnings growth, and contribute positively to both stakeholders and the wider community. With a commitment to high-performance financial strategies and corporate responsibility, Phoenix Financial stands ready to advance in the competitive landscape of asset management and insurance.