Nawi Group (NAWI) Q3 2025 earnings summary

Executive summary

• Achieved record equity of ₪931 million as of March 31, 2025, the highest in the non-bank business credit sector, up 12% year-over-year.

• Net profit for Q1 2025 rose 25% to ₪43.1 million compared to Q1 2024.

• Total credit portfolio reached ₪4.02 billion, a 31.7% increase year-over-year, with 79% secured by collateral and 73% allocated to residential real estate financing.

• Dividend payout of ₪21.5 million approved for Q1 2025 profits, with a new share buyback plan of up to ₪15 million.

• Maintains strong liquidity, with ₪1.2–1.4 billion in unused bank credit lines and a short average loan duration of 10 months.

Financial highlights

• Q1 2025 revenues grew 23.7% year-over-year to ₪105 million.

• Net profit margin improved, with net profit at ₪43.1 million, up from ₪34.5 million in Q1 2024.

• Operating income before tax rose 24.9% year-over-year to ₪55.2 million.

• Dividend yield over the past 12 months was 7.58%.

• Net interest income was ₪62.5 million, 59.6% of total revenue.

Outlook and guidance

• Credit portfolio targeted to reach ₪4.3 billion by end of 2025 and ₪5 billion by end of 2026.

• Equity expected to grow to ₪1,060 million by end of 2026.

• Business expansion includes full in-house project financing, entry into secured consumer credit, and new partnerships with institutional investors.

• Management remains cautious in new credit issuance due to ongoing macroeconomic and geopolitical uncertainties.

• A new multi-year work plan and budget for 2025–2026 has been adopted.