Nawi Group (NAWI) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 22% year-over-year to ₪214.2 million, with net profit up 9.1% to ₪84 million.

• Maintains the highest equity in the non-bank business credit sector at ₪961 million as of June 30, 2025, representing 19% of assets.

• Credit portfolio expanded to ₪4.81 billion, with 76% in residential real estate lending and 75% secured by collateral.

• Strong governance, risk management, and compliance controls are in place.

• Liquidity supported by ₪557 million in unused credit lines as of June 30, 2025.

Financial highlights

• Total revenue for H1 2025 reached ₪214.2 million, a 22% increase year-over-year.

• Net profit for H1 2025 was ₪84 million, up 9.1% from the same period last year.

• Comprehensive income for H1 2025 was ₪90 million, a 13.9% increase year-over-year.

• Dividend yield stands at 6.5%, with total dividends distributed since IPO at ₪540 million.

• Provision for doubtful debts increased to ₪8.8 million (0.37% of portfolio) in H1 2025.

Outlook and guidance

• Targets a credit portfolio of ₪4.3 billion by end of 2025 and ₪5 billion by end of 2026.

• Equity is projected to reach ₪1,060 million by end of 2026.

• Plans to expand consumer credit backed by collateral and establish a full in-house project support system.

• Guidance is subject to market conditions, regulatory changes, and the ongoing impact of the "Iron Swords" war.

• Dividend policy distributes 50% of net profit; recent dividend of ₪45.7 million approved post-period.