The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

As a reminder, this conference is being recorded May 13, 2025. The recording will be publicly available on TAZER's website. With us today on the line are Mr. Itay Ben-Zaev, CEO, and Mr. Yudha Ben-Ezra, CFO. Before I turn the call over to Mr. Itay Ben-Zaev, I would like to remind everyone that this conference is not a substitute for reviewing the company's annual financial statements, quarterly financial statements, and interim reports, to the first quarter of 2025, in which full and precise information is presented and may contain inter alia forward-looking statements, in accordance to Section 32A to Securities Law 1968. In addition to IFRS reporting, we might mention certain financial measures that do not conform to generally accepted accounting principles. Such non-GAAP measures are not intended in any manner to serve as substitute for a financial result. However, we believe that they provide additional insight for better understanding of our business performance. The conciliations between these non-GAAP measures and the most comparable related GAAP measures are included in tables that can be found in our earnings press release and in the slide presentation accompanying this call. Both can be accessed on the English Maya site and the investor relations portion of our website at ir.pays.co.il. Mr. Benzaev, would you like to begin? Good evening, Israel Time, everyone, and thank you for joining us today. I'm happy to host you in our earnings call. The report for Q1 2025 shows that the quarter ended with record results in all PACE business lines and core activities. I'm pleased to share with you that during the quarter, our revenues increased 21% from the same quarter last year. Our adjusted EBITDA increased 27%, bringing our adjusted EBITDA margin to a record of 47.2%...