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Electra Reports 69% Net Profit Surge to NIS 93 Million Amid Domestic Recovery

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 6 hours ago

What happened

Electra Ltd. reported a 69% increase in net profit to NIS 93 million in Q2 2026, driven by strong domestic contracting and service sector growth despite international challenges. Revenues rose 17% to NIS 4 billion, with improved profitability in Israel offsetting declines in Europe and the US. The company expects continued growth from new projects and recent acquisitions.

01Electra's net profit rose 69% to NIS 93 million in Q2 2026, its best since 2022.
02Domestic contracting revenues grew 35% to NIS 2.1 billion, driven by major infrastructure projects.
03Operation, service, and maintenance sector revenues reached NIS 935 million with 8.3% operating margin.
04International revenues fell 23% due to project delays in Poland and currency effects in the US.
05CEO Itamar Deutscher cited pre-war project pricing and government compensation impacting profitability.
06Electra expects growth from new projects, including a Swedish steel plant and a New York prison.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Itamar Deutscher