Slide 1: Investor Meeting
Investor Meeting Financial Statements as at 30.6.25 The information contained in this Investors presentation constitutes a convenience translation. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law and represents the binding version and the only one
Slide 2: Disclaimer
Disclaimer • The presentation contains forecasts, estimates and plans of the Company regarding its operations and other information about future events and matters, which constitute forward-looking information, as defined in the Securities Law, 1968, and materialization thereof is uncertain and may
Slide 3: Summary of Q2 and H1 2025
of = matrix ©,¢ Summary of Q2 and H1 2025
Slide 4: Q2 2025 Revenues grew 8.9% to NIS 1.45 billion
Q2 2025 Continued growth in revenues, gross profit, operating income, EBITDA, net income, net income attributable to shareholders and cash flows Revenues grew 8.9% to NIS 1.45 billion, 13.3% growth adjusted for revenues accounted for on a net basis)*(. Gross profit grew 10.4% to NIS 222.7 million, i
Slide 5: H1 2025 Revenues grew 7.6% to NIS 2.99 billion
H1 2025 Continued growth in revenues, gross profit, operating income, EBITDA, net income, net income attributable to shareholders, and cash flows Revenues grew 7.6% to NIS 2.99 billion 12.2% growth adjusted for revenues accounted for on a net basis(*). Gross profit grew 10% to NIS 449.8 million, imp
Slide 6: Improved profitability alongside growth in operations
Improved profitability alongside growth in operations • Operating income margin above 8% with an upward trajectory. • Gross profit margin ~15% with an upward trajectory. NIS billions 6 5 4 3 2 1 full year run rate
Slide 7: Improved profitability alongside growth in operations
Improved profitability alongside growth in operations • Operating income margin above 8% with an upward trajectory. • Gross profit margin ~15% with an upward trajectory. NIS billions 20.0% 6 19.4% 17.9% 18.0% 5 16.8% 16.9% 16% 16% 16.0% 15.4% 14.7% 14.9% 15% 14.7% 14.6% 14.5% 14.6% 4 14.4% 14.4% 14.
Slide 8: Improved profitability alongside growth in operations
Improved profitability alongside growth in operations • Operating income margin above 8% with an upward trajectory. • Gross profit margin ~15% with an upward trajectory. NIS Billions 20.0% 6,000,000 19.4% 6 17.9% 18.0% 5,000,000 16.8% 16.9% 16% 16% 16.0% 5 15.4% 15% 4,000,000 14.7% 14.7% 14.4% 14.6%
Slide 9: The War’s Impact
The War’s Impact • In the Company’s assessment, the war has no material impact on its business results. The Company’s business operations continue as usual across most market sectors in which Matrix operates. • Despite the ongoing conflict, including the timing of “Operation Rising Lion” during the
Slide 10: Matrix’s Positioning
Matrix’s Positioning 30.6.2025
Slide 11: MTRX
NIS 6B annual revenue run rate #1 Ranked as the leading software 12,000+ services company Professionals 20 consecutive years, according to STKI 100+ MTRX Rated Aa3 for the last 17 M&As TASE years (according to Midroog) A1D2C3 3000+ That’s us! Customers Approximately Ranked #1 in 51 13% technology ca
Slide 12: Matrix’s Lines of Business
Matrix’s Lines of Business IT Solutions & Computing Commerce Consulting Defense BPO & Call and Advanced in Israel and & Centers Technology Abroad Engineering Solutions
Slide 13: Leading Partners
Leading Partners matrix ese BE Microsoft @dynatrace @eneck pont con Dou 4 ate. aws aA 6 MongoDB. ©& databricks % paloalto % elastic vltetdte > veeAmM vmware crows tie? SAR @ 3 bme aA ATLASSIAN a, monday. Checkmarx D@LLEMC (i) Sentinelone Py Priority ® @ pic ti citrix. WIZ’
Slide 14: International Expansion and Growth
International Expansion and Growth Office Cloud Cyber & Risk Data/AI Digital & Mobile Core
Slide 15: One Of The Largest Listed IT Services Firms By Market Cap
@ One Of The Largest Listed IT Services Firms By Market Cap Rank Market Cap ($mm) Rank Market Cap ($mm) 1 accenture $151,323 1 Capgemini $24,471 2 Infosys 68,108 2 Indra 7,234 3 © cognizant 33,758 ; 3 sopractsteria 4,089 4 29,030 5 20,983 6 <epam> 8,936 5 netcompany 1,776 7 kyndryl 6,984 6 wees 4,17
Slide 16: Financial Statements
Financial Statements 30.6.2025
Slide 17: P&L – Q2/2025, compared to the corresponding quarter
P&L – Q2/2025, compared to the corresponding quarter Key results (NIS millions) 4-6/2025 4-6/2024 % • 13.3% growth adjusted for revenues accounted for on a net basis(*) Revenues 1,451 1,333 8.9% • 8.4% organic growth adjusted for Gross profit 223 202 10.4% revenues accounted for on a net basis(*) SG
Slide 18: P&L – Q2/2025, compared to the corresponding quarter
P&L – Q2/2025, compared to the corresponding quarter Key results (NIS millions) 4-6/2025 4-6/2024 % • 13.3% growth adjusted for revenues accounted for on a net basis(*) Revenues 1,451 1,333 8.9% • 8.4% organic growth adjusted for revenues accounted for on a net Gross profit 223 202 10.4% basis(*) SG
Slide 19: P&L – Q2/2025, compared to the corresponding quarter
P&L – Q2/2025, compared to the corresponding quarter Key results (NIS millions) 4-6/2025 4-6/2024 % • 13.3% growth (*) Revenues 1,451 1,333 8.9% • 8.4% organic growth adjusted for revenues accounted for on a net Gross profit 223 202 10.4% basis(*) SG&A 96 91 6% • 9% organic growth in operating incom
Slide 20: P&L – H1/2025, compared to the corresponding half year
P&L – H1/2025, compared to the corresponding half year Key results (NIS millions) 1-6/2025 1-6/2024 % • 12.2% growth adjusted for revenues accounted for on a net basis(*) Revenues 2,998 2,786 7.6% • 7.5% organic growth adjusted for revenues accounted for on a net Gross profit 450 409 10% basis(*) SG
Slide 21: P&L – H1/2025, compared to the corresponding half year
P&L – H1/2025, compared to the corresponding half year Key results (NIS millions) 1-6/2025 1-6/2024 % • 12.2% growth adjusted for revenues accounted for on a net basis(*) Revenues 2,998 2,786 7.6% • 7.5% organic growth adjusted for revenues accounted for on a net Gross profit 450 409 10% basis(*) SG
Slide 22: P&L – H1/2025, compared to the corresponding half year
P&L – H1/2025, compared to the corresponding half year Key results (NIS millions) • 9.3% organic growth 1-6/2025 1-6/2024 % • 17% adjusted growth(*) • 12.3% adjusted organic growth(*) Revenues 2,998 2,786 7.6% • 12.2% growth adjusted for revenues Gross profit 450 409 10% accounted for on a net basis
Slide 23: P&L – Key financial results adjusted for revenues accounted for on a net basis
P&L – Key financial results adjusted for increase in revenues accounted for on a net basis (NIS millions) 4-6/2025 4-6/2024 % 1-6/2025 1-6/2024 % Revenues 1,451 1,333 8.9% 2,997 2,786 7.6% Adjustments for the increase in revenues accounted for on a net 59 - 130 - basis* Adjusted revenues 1,510 1,333
Slide 24: Q2 2025 Summary - Key results (NIS millions)
Q2 2025 Summary - Key results (NIS millions) Revenues Gross profit Operating income +8.9% +10.4% +13.9% 1,451.4 222.7 1,332.7 201.7 126.7 111.2 15.1% 15.3% 15.3% 8.3% 8.7% Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 13.9% growth in operating 8.9% growth in revenues 10.4% growth in gross profit i
Slide 25: Q2 2025 Summary – Key results (NIS millions)
Financial expenses, net Q2 2024 Q2 2025 (NIS millions) Q2 2025 Summary – 5.8 6.2 Interest, commissions, and other (net) 2.9 10.1 FX differences Key results (NIS millions) 6.1 9.1 Accounting financial expenses Net income 14.8 25.4 Total financial expenses (net) Net income to shareholders EBITDA* +4.4
Slide 26: Q2 2025 Summary – Key results (NIS millions)
Financial expenses, net Q2 2024 Q2 2025 (NIS millions) Interest, commissions, and other Q2 2025 Summary – 5.8 6.2 (net) 2.9 10.1 FX differences Key results (NIS millions) 6.1 9.1 Accounting financial expenses Net income to 14.8 25.4 Total financial expenses (net) shareholders Net income EBITDA* +4.4
Slide 27: Revenue breakdown by customer sector
Revenue breakdown by customer sector* Government 18% Financial Organizations 18% 8% 18% Hi-Tech 16% 11% Industry, Communications & Retail 16% 13% 18% Healthcare & Transportation 13% 16% Defense 16% 11% Other 8% * According to FY 2024 revenues
Slide 28: Israeli Market
« o matrix ©_¢ Israeli Market
Slide 29: Financial Results in Israel (NIS millions)
Financial Results in Israel* (NIS millions) Q2 2025 13.8% growth H1 2025 8.4% growth in in operating 15.1% growth in operating 8% growth inincome revenues revenues income 8.8% 11.2% 4YR 4YR CAGR CAGR 10.8% 4YRCAGR 9.2% 4YR CAGR +15.1% +8.4% +13.8% +8% 1,368 2,846 1,262 224.7 2,637 110.3 195.2 96.9 H
Slide 30: Financial Results in Israel (NIS millions)
Financial Results in Israel* (NIS millions) Q2 2025 H1 2025 8.4% growth 13.8% growth 8% growth in 15.1% growth in revenues in operating revenues in operating 8.8% 4YR CAGR income 9.2% 4YR CAGR income 10.8% 4YR CAGR 11.2% 4YR CAGR +8.4% +13.8% +8% +15.1% 1,368 2,846 1,262 110.3 2,637 224.7 96.9 195.2
Slide 31: Operating Segments in Israel - Q2/2025 (NIS thousands)
Operating Segments in Israel - Q2/2025 (NIS thousands) Revenues Operating income Q2/2025 Q2/2024 % Q2/2025 Q2/2024 % IT Solutions and Services, Consulting, 920,532 815,553 12.9% 74,828 65,157 14.8% and Management in Israel Profit margin (%) 8.1% 8% • Strong growth driven by an increase in Data Servi
Slide 32: Operating Segments in Israel - Q2/2025 (NIS thousands)
Operating Segments in Israel - Q2/2025 (NIS thousands) Revenues Operating income Q2/2025 Q2/2024 % Q2/2025 Q2/2024 % IT Solutions and Services, Consulting, 920,532 815,553 12.9% 74,828 65,157 14.8% and Management in Israel Profit margin (%) 8.1% 8% Cloud and Computing 354,566 324,278 9.3% 25,352 22,
Slide 33: Cloud and Computing Infrastructures – Results adjusted for net basis revenues
Cloud and Computing Infrastructures – Results adjusted for increase in revenues accounted for on a net basis (NIS thousands) 4-6/2025 4-6/2024 % 1-6/2025 1-6/2024 % Revenues 354,566 324,278 9.3% 815,114 762,060 7% Adjustments for the increase in revenues accounted for on a net basis 43,503 - 64,218
Slide 34: Operating Segments in Israel - Q2/2025 (NIS thousands)
Operating Segments in Israel - Q2/2025 (NIS thousands) Revenues Operating income Q2/2025 Q2/2024 % Q2/2025 Q2/2024 % IT Solutions and Services, Consulting, 920,532 815,553 12.9% 74,828 65,157 14.8% and Management in Israel Profit margin (%) 8.1% 8% Cloud and Computing 354,566 324,278 9.3% 25,352 22,
Slide 35: US Market
US Market
Slide 36: IT Solutions & Services in the US - Q2/2025
IT Solutions & Services in the US - Q2/2025 (NIS/USD thousands) Revenues Operating income Q2/2025 Q2/2024 % Q2/2025 Q2/2024 % Segmental results in 114,157 118,795 (3.9%) 19,129 16,919 13.1% NIS Profit margin (%) 16.8% 14.2% Segmental results in 31,871 31,884 - 5,337 4,573 16.7% USD Profit margin (%)
Slide 37: IT Solutions & Services in the US
IT Solutions & Services in the US Operating income trend in the past year (LTM) (USD millions) 9 7 6.3 5.1 5.5 5.3 5 4.6 4.4 4.5 4.6 4.2 4.6 3 0.7 1 -1 (0.5) (0.4) (1.1) -3 (1.8) -5 Corresponding quarter Actual quarter Change • Q2 2025 indicates the return to growth in profits, following the improve
Slide 38: Breakdown of revenues and profit by operating segments in H1/2025
Breakdown of revenues and profit by operating segments in H1/2025 Revenues Contribution to profits IT Solutions in Israel 5.9% 7.2% 7.2% 13.2% Cloud and Computing Infrastructures 26.6% 60.3% 56% IT Solutions in the US 23.6% Software Products
Slide 39: Financial expenses (NIS thousands)
Financial expenses (NIS thousands) 4-6/2025 4-6/2024 Change 1-6/2025 1-6/2024 Change Interest, commissions, 6,207 5,817 390 12,650 13,457 (807) and other (net) FX differences 10,062 2,866 7,196 10,377 5,388 4,989 Accounting financial 9,113 6,150 2,963 21,733 12,574 9,159 expenses Total financial 25,
Slide 40: Breakdown of financial expenses (NIS millions)
Breakdown of financial expenses (NIS millions) 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 31.3.24 30.6.24 30.9.24 31.12.24 31.3.25 30.6.25 25.4 19.3 19.4 16.6 16.1 14.8 19.2 8.9 13.2 13.0 9.0 10.2 Interest expenses (net) and commissions 7.7 5.9 6.1 6.4 6.2 Accounting financial 5.8 expenses and FX differences Despi
Slide 41: Financial indexes
of = matrix ©,¢ Financial indexes
Slide 42: Financial indexes (NIS millions)
Financial indexes (NIS millions) 30.6.2025 31.12.2024 Cash flows from operating Cash and cash equivalents 548 668 activities - LTM Unused credit 1,237 1,229 facilities* +21.8% Total liquid assets 1,785 1,897 * Of which NIS 300 million are committed credit 662.5 facilities 543.9 Aa3 credit rating fro
Slide 43: Financial indexes (NIS millions)
Financial indexes (NIS millions) 30.06.25 31.12.24 Equity 1,153 1,144 343 % of total balance 25.9% 25.5% sheet 156 Capital Gross financial debt 799.1 785.1 Structure 1,153 Financial Net debt 251.4 116.6 300 Current ratio 1.1 1.1 Financial Net debt to 5.6% 2.6% balance sheet ratio Financial Net debt
Slide 44: Dividend of NIS 54.1 million
Dividend of NIS 54.1 million (85 ag. per share)
Slide 45: Summary and Outlook
Summary and Outlook Continued growth – organic and through acquisitions, while maintaining our operating income margin at 8% and higher. Driven, inter alia, by improved operating efficiency and stable SG&A expenses. Continued growth in the US Revenue run-rate returned to +$120M, with a 15% profit ma
Slide 46: Thank you!
Thank you!