Automatic Bank Services Limited (SHVA) investor relations material

Executive summary

• Maintained full operational continuity and financial stability amid significant security challenges, including Operation "Rising Lion" and ongoing Operation "Lion's Roar" in 2025-2026.

• Completed 2022-2025 strategic plan, accelerating growth engines (Shva Insights, Shva Arena, CLP) and technological modernization.

• Expanded customer base, signed new agreements, and deepened product deployment, with a focus on cloud and AI-based solutions.

• Distributed NIS 60 million in dividends in 2025, with an additional NIS 30 million approved for 2026.

Financial highlights

• Total revenues for 2025 reached NIS 156.98 million, up 3.6% from NIS 151.46 million in 2024.

• Operating income was NIS 46.78 million, down from NIS 55.60 million in 2024, mainly due to increased technology and information security expenses.

• Net income attributable to shareholders was NIS 45.26 million, compared to NIS 50.91 million in 2024.

• EBITDA less equity compensation for 2025 was NIS 62.70 million (2024: NIS 67.11 million).

• Cash and cash equivalents at year-end were NIS 15.54 million, with held-for-trading securities at NIS 135.33 million.

• Dividend distributions in 2025 totaled NIS 60 million (NIS 30 million in April and September), with an additional NIS 30 million approved for March 2026.

Outlook and guidance

• New 2026-2028 strategic plan focuses on diversifying income, expanding core products, and leveraging cloud and AI technologies.

• Continued investment in cyber protection, business continuity, and technological modernization expected, with annual separation expenses from Masav projected to reach NIS 19 million by 2029.

• Pricing policy under review to reflect increased investments and ensure financial stability.

• Anticipates positive impact on revenues from regulatory changes, digital wallet adoption, and expansion of payment solutions.