IBI Investment House's Tech Sector Profits Surge Fivefold in Q2

IBI Investment House reported a significant increase in profits from its tech sector in the second quarter of the year. According to the financial report, IBI's Capital Group, which provides financial services to tech companies, generated revenues of 131 million shekels, more than double the 62 million shekels recorded in the same quarter last year. The sector's profit reached 61.5 million shekels, nearly five times higher than the 13.3 million shekels profit in the previous year’s quarter. Capital Group is one of the largest trustees in the market, managing assets worth 100 billion shekels.

Another rapidly growing area for IBI is its trading platform for private investors, which brought in revenues of 99 million shekels, a 25% increase compared to 79 million shekels in the same quarter last year. Profits in this segment rose by 147% to 47 million shekels from 19 million shekels a year earlier. IBI aims to reach 150,000 customers by the end of Q2 2028, currently holding about 90,000 clients. This quarter saw an addition of 7,000 new customers, similar to Q1 but lower than previous quarters in 2025.

However, IBI experienced weakness in its pension agency sector. The company controls Arba Arzot agency and recently acquired control of Neto, a major northern agency that collapsed in 2024. The pension agency sector’s profit dropped 40% to 13.5 million shekels from 22.5 million shekels in the previous quarter. Following this weakness, IBI’s stock fell by 2%, despite a 79.5% rise over the past 12 months.

Overall, IBI’s quarterly profit totaled 95 million shekels, a 69% increase compared to 56 million shekels in the same quarter last year. The main shareholders of IBI are Dave Lobetzky (21.4%), David Weisberg (21.4%), and Emmanuel Cook (19.2%). The company’s market value stands at 5.9 billion shekels, down by 2 billion shekels from its peak at the end of May.