Tel Aviv Stock Exchange Ltd (OTCPK:TVAVF)

Q1 2025 Tel Aviv Stock Exchange Ltd Earnings Call Transcript

May 13, 2025 / 05:00 PM GMT

Release Date Price: $13

Transcript

Key Points

Positve

Tel Aviv Stock Exchange Ltd (TVAVF) reported a 21% increase in revenues compared to the same quarter last year.
The company's adjusted EBITDA increased by 27%, reaching a record margin of 47.2%.
Net income rose by 32% year-over-year, reflecting strong financial performance.
Equity average daily trading volumes hit an all-time high with a 35% increase.
Five new companies completed IPOs in Q1 2025, matching the total number of IPOs for the entire year of 2024.

Negative

Expenses increased by 14%, primarily due to higher employee benefit and computer and communication expenses.
Net financing income decreased compared to the same quarter last year, due to a reduction in gains from market securities.
The surplus equity and liquidity decreased, mainly due to a significant share buyback and dividend payment.
Cash flows from investing activities resulted in a negative cash flow of 20 million shekels, an increase from the previous year.
Marketing expenses increased by 32% compared to the same quarter last year, attributed to the timing of campaigns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TASE.TA - Tel Aviv Stock Exchange Ltd
Q1 2025 Tel Aviv Stock Exchange Ltd Earnings Call
May 13, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to the Tel Aviv Stock Exchange Q1 2025 results conference call. All participants are present in listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. For operator assistance during the conference, please press 0. As a reminder, this conference is being recorded May 13, 2025. The recording will be publicly available on Taser's website.

With us today on the line are Mr. Itai Ben Zaev, CEO, and Mr. Yuda Benezra, CFO. Before I turn the call over to Mr. Itai Benzeev, I would like to remind everyone that this conference is not a substitute for reviewing the company's annual financial

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