Core Viewpoint - Formula Systems (1985) Ltd. reported a 4.2% increase in revenues for Q1 2024, reaching $698.4 million, despite challenges in the macroeconomic environment and the impact of military service on its workforce [4][6]. Financial Performance - Revenues for Q1 2024 increased by 4.2% to $698.4 million compared to $670.4 million in Q1 2023. On a constant-currency basis, revenues would have increased by 6.6% to $714.8 million [4]. - Operating income rose by 2.9% to $62.6 million, with a constant-currency increase of approximately 2.1% to $62.1 million [4]. - Net income attributable to shareholders increased by 9.4% to $17.2 million, or $1.10 per fully diluted share, compared to $15.7 million, or $1.01 per share, in the same period last year [4]. Compliance and Financial Health - As of March 31, 2024, Formula was in compliance with all financial covenants under its debenture series, with a net financial indebtedness to net capitalization ratio of 1.0% and a net financial indebtedness to EBITDA ratio of 0.04 [5]. - Consolidated cash and cash equivalents totaled approximately $516.1 million, down from $528.2 million as of December 31, 2023 [4]. Subsidiary Performance - Matrix IT Ltd. reported a 12.6% year-over-year revenue growth, reaching NIS 1.45 billion (approximately $396.9 million) [6]. - Sapiens International Corporation N.V. saw a 7.6% increase in revenues to $134.2 million, with an annual recurring revenue (ARR) growth of 12.7% [6]. - Magic Software's revenues increased by 4.1% to $130.7 million, while operating income rose by 11% to $14.4 million compared to Q4 2023 [6]. Employee Impact - Approximately 1,100 of the 22,000 employees were drafted into military service due to the ongoing conflict, affecting profitability in certain operational areas [6].

Annual Report Filing - Formula Systems filed its Annual Report on Form 20-F for the year ended December 31, 2023, on May 15, 2024[4] - The filing includes financial statements that provide detailed information to shareholders, including holders of American Depository Shares[4] - A press release was issued on the same day to announce the filing and guide shareholders on obtaining the 2023 Form 20-F[4]

Core Insights - Formula Systems (1985) Ltd. has filed its annual report with the U.S. Securities and Exchange Commission for the year ended December 31, 2023, which includes audited consolidated financial statements [1] - The annual report is accessible on the company's website, and shareholders can request a hard copy free of charge [1] Company Overview - Formula Systems is a global information technology holding company that provides software consulting services, computer-based business solutions, and develops proprietary software products through its subsidiaries and affiliates [2] - The company's ordinary shares are traded on the Tel-Aviv Stock Exchange, while its American Depositary Shares (ADSs) are traded on the Nasdaq Global Select Market [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 1 ...

OR YEHUDA, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Or Yehuda, Israel, March 19, 2024 – Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) ("Formula" or the "Company"), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2023. Financial Highlights for the Fourth ...

Exhibit 99.1 PRESS RELEASE Formula Systems Reports First Quarter 2023 Financial Results: Revenues for the First Quarter Increased by 3% Year Over Year to a Record-Breaking $670.4 Million. Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking $60.8 million. Or Yehuda, Israel, May 23, 2023 – Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) ("Formula" or the "Company"), a global information technology group engaged, through its subsidiaries and affiliates, in providin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR Commission File Number: 000-29442 FORMULA SYSTEMS (1985) LTD. (Exact Name of Registrant as Specified in Its Charter and translation of Registrant's name into English) ☐ TRANSITION REPORT PURSUAN ...

[Filing Information](index=1&type=section&id=Filing%20Information) This section outlines the company's Form 6-K filing details and the associated exhibit index for May 2022 [Form 6-K Details](index=1&type=section&id=Form%206-K%20Details) This section details the filing of Form 6-K by Formula Systems (1985) Ltd. for May 2022, indicating its status as a foreign private issuer filing under Form 20-F - Registrant: FORMULA SYSTEMS (1985) LTD[1](index=1&type=chunk) - Filing Type: Form 6-K, Report of Foreign Private Issuer[1](index=1&type=chunk) - Reporting Period: For the month of May 2022[1](index=1&type=chunk) - Annual Report Type: Files annual reports under cover of Form 20-F[1](index=1&type=chunk) [Exhibit Index](index=1&type=section&id=Exhibit%20Index) The report includes Exhibit 99.1, which is a press release dated May 16, 2022, announcing the filing of the 2021 Annual Report - Exhibit 99.1: Press release dated May 16, 2022, announcing Formula Systems' filing of its 2021 Annual Report[3](index=3&type=chunk)[7](index=7&type=chunk) [Press Release: 2021 Annual Report Filing Announcement](index=2&type=section&id=Press%20Release%3A%202021%20Annual%20Report%20Filing%20Announcement) This section details the announcement of Formula Systems' 2021 Annual Report filing, including access information and a company overview [Announcement Details](index=2&type=section&id=Announcement%20Details) Formula Systems (1985) Ltd. announced on May 16, 2022, the filing of its 2021 annual report on Form 20-F with the SEC, detailing its global IT business - Announcement Date: May 16, 2022[8](index=8&type=chunk) - Event: Filing of Annual Report on Form 20-F for the year ended December 31, 2021, with the SEC[8](index=8&type=chunk) - Company Business Description: Global information technology company engaged in providing software consulting services, computer-based business solutions, and developing proprietary software products[8](index=8&type=chunk) [Access to Annual Report](index=2&type=section&id=Access%20to%20Annual%20Report) The filed 20-F report, containing audited consolidated financial statements, is accessible on the SEC website and the Company's Investor Relations section; shareholders can also request a free hard copy - Online Access: The annual report on Form 20-F can be accessed on the SEC website (http://www.sec.gov/) and via the Company's website in the Investor Relations section under Financial Reports (https://www.formulasystems.com/financial-reports)[9](index=9&type=chunk) - Hard Copy Request: Shareholders can request a free hard copy of the annual report, including complete audited financial statements, by contacting the Investor Relations department at ir@formula.co.il[10](index=10&type=chunk) [Company Overview](index=2&type=section&id=Company%20Overview) Formula Systems (1985) Ltd. is a global IT company providing software consulting, proprietary software development, and computer-based business solutions through its subsidiaries - Core Business: Principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and providing computer-based business solutions[11](index=11&type=chunk) - Company Website: www.formulasystems.com[11](index=11&type=chunk) - Press Contact: Formula Systems (1985) Ltd., +972-3-5389487, ir@formula.co.il[11](index=11&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 1 ...