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Cellcom Reports 44% Surge in Net Profit, Highest Quarterly Result in 11 Years
Cellcom posted a 44% rise in net profit to 92 million shekels in Q2 2026, its highest quarterly profit in 11 years, driven by revenue growth and operational efficiency. The company expanded key partnerships and integrated AI to improve services.
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What happened
- 01Cellcom's Q2 2026 net profit rose 44% to 92 million shekels, highest since 2015.
- 02Growth driven by revenue increase, better equipment sales, lower financing costs, and efficiency.
- 03CEO Eli Edri emphasized AI integration and strategic partnerships boosting performance.
- 04Signed deals with Nebius for AI infrastructure and Nofar for energy storage integration.
- 05Half-year net profit grew 32% to 164 million shekels; free cash flow hit a decade high.
- 06Added 70,000 cellular and 22,000 fiber subscribers; mobile ARPU rose to 38.6 shekels.
Half-year net profit increased 32%, with strong cash flow and subscriber growth.
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