Cellcom Reports 44% Net Profit Increase to NIS 92 Million in Q2 2026, Highest Since 2015

Cellcom, the Israeli telecommunications company led by Eli Addadi, reported a net profit of NIS 92 million for the second quarter of 2026, marking a 44% increase compared to the same period last year. This is the highest quarterly net profit Cellcom has recorded since 2015. The company's revenues rose by 1.7% to NIS 1.06 billion, while operating profit reached NIS 148 million and adjusted EBITDA increased by 8.3% to NIS 380 million.

In the cellular sector, service revenues declined to NIS 425 million, mainly due to reduced interconnect fees. However, revenues from cellular terminal equipment grew by 11.6% to NIS 279 million, driven by the launch of a new model and recovery from last year’s "Im Klevi" campaign which had partially hurt sales. The number of cellular subscribers increased by 1.9% to 3.694 million, and the average monthly revenue per user (ARPU) rose by 3.6% to NIS 38.6.

In the fixed-line communications segment, service revenues decreased by 1.5% to NIS 335 million, primarily due to lower income from international operations and internet and television services. Despite this, internet subscribers grew by 2.1% to 392,000, with fiber-optic subscribers rising 6.5% to 363,000, representing 93% of the infrastructure subscribers. The company also reduced its net financial debt by NIS 458 million to NIS 1.1 billion.

Cellcom’s strong financial performance reflects growth in subscriber base and equipment sales, alongside effective cost management and debt reduction, positioning the company well for future quarters.