Formula Systems (1985) (FORTY) Q2 2026 earnings summary

Executive summary

• Achieved record-breaking revenues and profits in Q2 and H1 2026, with strong growth across all key financial metrics.

• Delivered robust performance in all major subsidiaries, including Matrix, Michpal Technologies, and TSG.

• Declared a cash dividend of $1.63 per share, totaling approximately $25 million, reflecting strong liquidity.

Financial highlights

• Q2 2026 revenues rose 29.8% year-over-year to $782.4 million; net income attributable to shareholders up 54.6% to $23.3 million.

• Operating income for Q2 increased 41.3% year-over-year to $71.6 million.

• H1 2026 revenues up 24.4% year-over-year to $1.52 billion; net income attributable to shareholders up 71.4% to $58.9 million.

• Excluding a $16.6 million capital gain from TSG transactions, H1 operating income increased 36.7% year-over-year to $137.0 million.

• EPS for Q2 was $1.47 (diluted), up from $0.95; H1 EPS was $3.72 (diluted), up from $2.20.

Outlook and guidance

• Management expects sustained, profitable growth in the second half of 2026, citing operational excellence and diversified portfolio.