Tel Aviv Stock Exchange Ltd (OTCPK:TVAVF)

Q2 2025 Tel Aviv Stock Exchange Ltd Earnings Call Transcript

Aug 5, 2025 / 10:59 AM GMT

Release Date Price: $18.84

Transcript

Key Points

Positve

Tel Aviv Stock Exchange Ltd (TVAVF) reported a record quarter with a 29% increase in revenues and a 56% rise in adjusted EBITDA.
The equity market cap reached 1.7 trillion shekels, marking a 21% increase from the end of 2024.
Equity average daily trading volumes hit a new all-time high with a 40% increase, driven by significant net inflows from foreign investors.
The IPO market saw a resurgence with 9 new companies raising over 1.5 billion shekels, nearly doubling the number from 2024.
The company is exploring strategic measures for its index business, potentially leading to a partnership or sale to enhance global distribution.

Negative

Expenses increased by 8%, primarily due to higher computer and communication expenses and depreciation.
Net financing income decreased due to a reduction in the balance of deposits and exchange rate volatility.
The surplus equity and liquidity decreased, partly due to a significant share buyback in the first quarter.
There is uncertainty regarding the impact of transitioning to a Monday to Friday trading week on trading volumes.
Despite strong growth, the retail segment's participation in the Israeli capital market remains relatively low compared to other leading countries.

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

TASE.TA - Tel Aviv Stock Exchange Ltd
Q2 2025 Tel Aviv Stock Exchange Ltd Earnings Call
Aug 05, 2025 / NTS 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 Q2 2025 results conference call. All participants are at 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 August 5, 2025. The recording will be publicly available on Taza's website. With us on the line today are Mr. Itai Ben Zaev, CEO, and Mr. Yab Benezra, CFO. Before I turn the call over to Mr. Itai Ben Zaev, I would like to remind everyone that this conference is not a substitute for reviewing the company's annual financial statements,

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