The Tel-Aviv Stock Exchange Ltd. (TVAVF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to the Tel-Aviv Stock Exchange Q1 2026 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 star zero. As a reminder, this conference is being recorded May 12, 2026. The recording will be publicly available on the TAZE website. Ittai Ben-Zeev, CEO, Yehuda Ben-Ezra, CFO An interim report for the first quarter of 2026, in which full and precise information is presented and may contain inter alia forward-looking statements, in accordance to Section 32A of Securities Law 1968. In addition to IFRS reporting... Thank you for joining us. and the most comparable related gap 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 in the investor relations portion of our website at ir.kays.co.il. Mr. Ben-Zeev, 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 strong financial statements for Q1 2026 reveal record results across all Tate's core business lines and operations, with revenues growing by a substantial 40% compared to Q1 2025. It's a 50% surge by 87%, and the adjusted EBITDA margin reached 63%, while TAFE adjusted net profit was 112% higher than in Q1 2025. These results reflect the continued implementation of TAFE's strategic plan and the growth potential of Israel's capital market, despite Israel having been fighting a multi-front war for a large part of the quarter. Yehuda Ben-Ezra, our CFO, will discuss ...