IBI Investment House Reports 76% Profit Surge in Q2 Driven by Trading and Options Management
IBI Investment House experienced a significant boost in profits during the second quarter of 2026, with net income rising approximately 76% to about 65 million shekels. For the first half of the year, net profit soared by around 135%, reaching 159 million shekels. This growth was fueled by a 37% increase in total revenues for Q2, which amounted to 479.3 million shekels, and a 42% rise in revenues for the first half, totaling 964 million shekels, driven by expansion across most core business segments.
The capital division, which provides financial services including management of employee stock option plans, led the growth with revenues jumping 110% to 130.6 million shekels in Q2. EBITDA from this sector surged 265% to 69 million shekels. The trading services segment also saw a substantial increase, with revenues climbing 47% to 126.4 million shekels and EBITDA more than doubling to 49.4 million shekels, supported by rising market prices and growing investor interest. The client base expanded by approximately 7,120 new customers during the quarter, reaching about 90,000 clients.
Mutual funds and portfolio management recorded a record quarter, with revenues up 25.2% to 99.3 million shekels and EBITDA rising 52% to 27.6 million shekels. Assets under management stood at 56.9 billion shekels for portfolios and 88.8 billion shekels for mutual funds. The pension agency sector, operated through Arba Onot, grew revenues by 9% to 50.8 million shekels and EBITDA by 62% to 20.1 million shekels, supported by asset growth, sales, and new agent recruitment. Arba Onot reported financial product sales of about 3.3 billion shekels in the quarter, with total managed assets of 56.8 billion shekels.
The underwriting division's revenues increased 69% to 34.6 million shekels, driven by higher activity in the IPO market and gains from the Manor fund investment. EBITDA in this sector rose 55% to 16.6 million shekels. IBI’s CEO, Dave Lubitzky, highlighted the accelerated growth and improved profitability across core activities, noting that revenue growth outpaced expense increases, reflecting better operational leverage. Following these strong results, IBI’s stock price surged about 45% since the start of the year and nearly 80% over the past year, reaching a market value of approximately 6 billion shekels.
