Automatic Bank Services Limited (SHVA) investor relations material

Executive summary

• Q2 revenue was NIS 40.5m versus NIS 38.3m YoY, while net income was NIS 9.7m versus NIS 13.4m; H1 revenue reached NIS 78.9m and net income NIS 16.5m.

• Payment systems operated continuously through the security escalation and ceasefire period; strong liquidity and internally funded operations supported business continuity.

Financial highlights

• H1 revenue was NIS 78.9m versus NIS 76.5m; operating income was NIS 17.0m versus NIS 24.5m, and net income was NIS 16.5m versus NIS 23.7m YoY.

• H1 basic and diluted EPS was NIS 0.41 versus NIS 0.59; Q2 EPS was NIS 0.24 versus NIS 0.34 YoY.

• H1 EBITDA excluding share-based compensation was NIS 25.7m versus NIS 32.2m YoY; operating costs rose mainly with technology, cybersecurity, depreciation and maintenance expenses.

• H1 net finance income was NIS 4.4m versus NIS 6.1m; results were affected by market volatility in the trading-securities portfolio.

Outlook and guidance

• Updated tariffs took effect in July 2026 with a phased discount period; full tariff rates are expected from Jan. 1, 2027, subject to regulatory, security and contractual developments.

• Expanded cybersecurity and technology investment is intended to strengthen resilience of critical payment infrastructure; the tariff update is intended to fund these requirements.

• No near-term external borrowing is anticipated; operations are currently funded from internal resources, with no expected near-term impairment to financial strength.