Core Insights - TASE reported record financial results for Q2 2025, with a 29% increase in revenue to NIS 136 million and an 80% increase in profit to NIS 43.6 million, reflecting the resilience of the Israeli economy amid geopolitical challenges [1][7][16] Financial Performance - Revenue for Q2 2025 totaled NIS 136.1 million, up from NIS 105.1 million in Q2 2024, marking a 29% increase [7][13] - Profit for Q2 2025 reached NIS 43.6 million, compared to NIS 24.3 million in the same quarter last year, an 80% increase [7][16] - Adjusted EBITDA for Q2 2025 was NIS 71.6 million, a 56% increase from NIS 45.8 million in Q2 2024 [7][17] - The EBITDA margin improved to 52.6% in Q2 2025 from 43.6% in Q2 2024, a 9% increase [7][16] Market Activity - TASE's equity market capitalization reached NIS 1.7 trillion at the end of Q2 2025, a 21% increase from year-end 2024 [4][7] - Average daily trading volume on TASE was NIS 3 billion in H1 2025, a 40% increase compared to NIS 2.1 billion in H2 2024 [4][5] - Retail investors injected NIS 8.4 billion into the equity market during H1 2025, more than double the amount in H2 2024 [5][7] - Foreign investors contributed a net amount of NIS 9.5 billion to TASE indices in H1 2025, also more than double the amount in H2 2024 [5][7] Equity Offerings - Equity offerings on TASE raised NIS 5.6 billion in H1 2025, a 28% increase from NIS 4.3 billion in H2 2024 [6][7] - Nine new companies completed IPOs on TASE in H1 2025, raising a total of NIS 1.4 billion [6][7] Strategic Developments - TASE is transitioning to a Monday to Friday trading week, expected to enhance liquidity and attract foreign investment [2][10] - The introduction of an AI-powered software for translating company reports into English aims to facilitate global investor access [11] - TASE's Board of Directors is exploring strategic measures regarding its index business, including potential partnerships with international index operators [12]