Terminal X Online (TRX) investor relations material

Executive summary

• Revenue for the first nine months of 2025 grew 13.6% year-over-year to ₪380.3 million, driven by increased visits, higher average transaction value, and the consolidation of new brands.

• Net profit for the period reached ₪19.7 million, up 17.6% from the same period last year.

• The company expanded its portfolio with acquisitions of controlling stakes in AINKER and Ronit Yam, and continued integrating Strongful and Ada Lazorgan.

Financial highlights

• Gross profit margin improved to 47.9% for the first nine months of 2025, compared to 44.4% in the prior year.

• Operating profit before share-based payments rose 32.1% to ₪30.5 million, with an operating margin of 8.0%.

• Adjusted EBITDA for the period was ₪53.1 million, compared to ₪26.9 million last year.

• Cash and short-term investments at period end totaled ₪96.5 million, with net short-term financial assets of ₪72.5 million.

• Three dividend distributions were approved in 2025, totaling ₪38.1 million.

Outlook and guidance

• Management continues to pursue growth through acquisitions and partnerships, focusing on brands with high growth and synergy potential.

• The company is exploring international expansion opportunities.