Automatic Bank Services Limited (SHVA) Q1 2025 earnings summary

Executive summary

• Q1 revenue reached ₪38.187m versus ₪36.801m in Q1 2024, while operating profit and net income declined YoY.

• Payment-processing infrastructure remained operational through Q1; debit transaction volumes and ATM withdrawal amounts increased YoY.

Financial highlights

• Revenue from acquirers and issuers was ₪32.807m versus ₪32.045m; revenue from other services was ₪5.380m versus ₪4.756m.

• Operating expenses rose to ₪25.987m from ₪23.294m; operating profit fell to ₪12.200m from ₪13.507m.

• Net financial income was ₪1.078m versus ₪2.025m; net income was ₪10.281m versus ₪12.101m.

Outlook and guidance

• Core-systems modernization advanced another stage, with full transition nearing completion; development of payment software and growth initiatives continued.

• Shva Arena development is intended to support PSP offerings; Shva Insights expanded to food retailers, municipalities and government bodies, including Tel Aviv, Jerusalem and Haifa.

• The ongoing war’s duration and economic effects remain uncertain; current expectations of continued financial resilience and uninterrupted service are forward-looking and subject to change.