TASE Shatters Records, Defying Regional Turmoil with 79% Profit Surge

TEL AVIV, Israel – March 05, 2026 – The Tel-Aviv Stock Exchange (TASE) today announced a year of unprecedented financial success for 2025, shattering all-time records for revenue and profitability despite operating against a backdrop of regional conflict and market volatility. The exchange reported a staggering 79% increase in annual net profit to NIS 181 million, driven by a 29% surge in revenues to a record NIS 563.5 million.

The remarkable performance underscores a period of significant transformation for the Israeli capital market, marked by strategic initiatives designed to boost its international profile, a resurgence in public offerings, and soaring investor confidence from both local and foreign participants. The board rewarded shareholders by authorizing a total dividend of NIS 144.8 million, combining a planned dividend with a special distribution reflecting the year's exceptional profitability.

Ittai Ben Zeev, CEO of TASE, commented on the landmark year, stating, "The strong financial results reflect the continued organic growth across all our core activities and ongoing evolution of the Israeli capital market and the TASE-listed companies. These results underscore our successful strategy to expand our product range and investor services and to maintain our commitment to advanced infrastructure."

A Market Outperforming the World

TASE's 2025 performance was not just a local success story; it was a global standout. The exchange's leading equity indices delivered returns that dwarfed those of major international benchmarks. The TA-35 Index soared by 51.6% and the TA-90 Index gained 46.6% for the year. In stark contrast, the U.S.-based S&P 500 and NASDAQ-100 indices saw more modest gains of 17.9% and 21.0%, respectively.

This powerful rally was fueled by record-breaking activity on the exchange. Average daily trading volume (ADV) in cash equities jumped by 57% to NIS 3.4 billion in 2025. The explosive growth propelled TASE's total equity market capitalization up by 46%, reaching NIS 2 trillion by the end of the year. This surge in activity translated directly to the bottom line, with revenues from trading and clearing fees rising 24% to NIS 207.1 million.

Strategic Shift to a Global Stage

A key driver of the exchange's strategy has been a concerted push to internationalize and align with global financial centers. The most significant move was the historic transition to a Monday-to-Friday trading week, which commenced at the beginning of 2026. This shift from the previous Sunday-to-Thursday schedule was designed to remove a major barrier for international investors and facilitate smoother integration with Western markets.

Early results from the first two months of 2026 indicate the strategy is already paying dividends. According to TASE, participation by global investors during the new Friday trading sessions has already exceeded the average activity recorded on Sundays in 2025, a trend the exchange expects to accelerate.

This global push was further cemented in February 2026 with the high-profile dual listing of cybersecurity behemoth Palo Alto Networks. The listing, which made Palo Alto Networks the most valuable company on the Tel Aviv exchange, was hailed by CEO Ittai Ben Zeev as a "profound vote of confidence in the Israeli capital market while strengthening TASE's position on the international financial stage." The move is part of a broader trend that saw a revived IPO market in 2025, with 21 initial public offerings and five additional companies listing their shares, collectively raising NIS 21 billion in the equity market.

Resilience and Confidence Amidst Volatility

Perhaps the most remarkable aspect of TASE's 2025 performance is that it was achieved while the nation navigated what the exchange described as an "ongoing war and elevated volatility." Instead of deterring investment, the period showcased the resilience of the Israeli economy and its capital markets.

Confidence was evident across investor classes. Foreign investors, who had previously pulled back, returned with force, pouring a net NIS 4.4 billion into the equity market, with a particular focus on the financial and defense sectors. Simultaneously, the local investor base expanded significantly. An additional 200,000 new trading accounts were opened by retail investors in 2025, a 25% increase from the previous year, demonstrating robust domestic faith in the market's strength.

The bond market also demonstrated its vitality as a crucial source of funding. Corporate bond issuances swelled to NIS 187 billion, while the Israeli government successfully raised NIS 137 billion in debt domestically, signaling deep and liquid capital pools.

Building for the Future

Looking ahead, TASE is not resting on its laurels. The exchange is actively exploring further strategic moves to enhance its value and global standing. In June 2025, its board authorized management to explore options for its indices activity, including a partial or full sale or a partnership with a leading international entity. The exchange has engaged Jefferies investment bank as an advisor and, as of January 2026, is in active negotiations with a "major international entity" regarding a potential deal.

This forward-looking posture is also reflected in its capital management. In addition to the significant dividend payout, TASE's management has announced that it will examine drawing up a share buyback plan during the coming year, subject to market conditions and other relevant considerations.