Inerum Reports 12.5% Profit Rise in Q2 2026, Declares 21.5 Million Shekel Dividend

Inerum, a construction products company, announced a 12.5% increase in net profit for the second quarter of 2026, reaching 43 million shekels compared to the same period in 2025. The company’s revenue rose by 19% to 384 million shekels in Q2, with all four business sectors showing sales growth. The net profit for the first half of 2026 totaled 81 million shekels.

Inerum declared an additional dividend payout of 21.5 million shekels from its profits, adding to the 19 million shekels distributed in the first quarter. This brings the total dividends paid in 2026 to approximately 40 million shekels. Beny Baron, Inerum’s chairman and a 20.8% shareholder, will receive 8 million shekels from the dividends. Baron purchased about 21% of Inerum’s shares in September 2024 for 370 million shekels; the current value of his shares is estimated at 500 million shekels, reflecting a 35% increase.

Sales by sector included 130 million shekels in construction solutions (up 11.4%), 117 million shekels in finishing products (up 21%), 109 million shekels in the paint factory Nirlat (up 22%), and 30 million shekels in plumbing systems (up 34%). Inerum’s equity stands at 1.36 billion shekels, with a market valuation of 3.3 billion shekels. Chairman Beny Baron attributed the strong results to robust demand and successful management strategies to leverage group synergies. CEO Ehud Danuch highlighted ongoing investments in strategic growth engines, internal efficiencies, and advanced analytical tools to sustain profitability and operational improvements in coming quarters.