Automatic Bank Services Limited (SHVA) Q3 2025 earnings summary

Executive summary

• 9M 2025 revenue rose to ₪151.5m from ₪113.8m YoY; operating profit reached ₪55.6m and net income ₪50.9m.

• Payment-processing infrastructure remained the sole operating segment; transaction volumes increased while ATM inquiry and withdrawal counts declined.

Financial highlights

• 9M revenue from acquirers and issuers was ₪130.8m vs ₪98.9m YoY; revenue from other services was ₪20.6m vs ₪14.9m.

• 9M operating expenses were ₪95.9m vs ₪69.9m; operating profit was ₪55.6m vs ₪43.9m.

• 9M net finance income was ₪9.4m vs ₪5.3m; net income was ₪50.9m vs ₪38.6m, and basic/diluted EPS was ₪1.27 vs ₪0.96.

• Q3 revenue was ₪39.4m vs ₪40.6m YoY; operating profit was ₪15.6m vs ₪13.1m and net income was ₪15.5m vs ₪12.3m.

• Adjusted EBITDA, excluding equity-based compensation, was ₪49.2m for 9M vs ₪52.3m YoY; FY 2024 was ₪67.1m.

Outlook and guidance

• No numerical earnings guidance; management expects no near-term impact on financial resilience and reports uninterrupted operations and regular service delivery.

• Bank of Israel’s September 2025 forecast cited 3% inflation for 2025 and a gradual rate decline to an average 3.75% in Q3 2026.

• Modernization of core systems is complete, supporting future technology solutions and value-added services; delivery timing and partner initiatives remain subject to execution and regulatory uncertainty.