Meitav Investment House Projects Over 25% Profit Growth in 2026 Following Strong Q2 Results

Meitav Investment House reported a significant 31% increase in net profit for the second quarter, reaching approximately 142 million shekels. This strong performance has led the company's management to anticipate surpassing their earlier forecasts, projecting an annual profit growth of more than 25% in 2026 compared to 2025, contingent on market conditions for the remainder of the year.

The firm's revenues for Q2 totaled around 614 million shekels, marking a 28% rise from the same period last year. This increase was driven by growth across all company activities, including a 14% expansion in assets under management to a record 464.5 billion shekels. This growth was fueled by high returns in the capital market and new capital inflows exceeding 31 billion shekels into various products.

Revenue from managing provident funds and pension funds grew by about 42% to 268 million shekels, supported by higher asset volumes and increased average management fees. Income from fund management rose 29% to 128 million shekels due to growth in active funds and higher fees in traditional funds. Additionally, trading operations generated 75 million shekels, a 17% increase year-over-year, alongside the addition of nearly 19,000 new clients, bringing the total client base to 132,000 by the end of July.

The non-bank credit segment also saw a 7% revenue increase to approximately 105 million shekels, attributed to the growth of credit portfolios across Meitav's three subsidiaries: Meitav Loans, Peninsula, and Lotus. Last month, Meitav completed a tender offer for its subsidiary Peninsula, making it a fully owned private company.

Meitav is Israel's largest investment house, with assets under management nearing 464.5 billion shekels. Over the past year, its stock price has risen more than 40%, culminating in a nearly 960% increase over the last three years and a market value close to 11 billion shekels.