Telsys (TLSY) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was ₪392.1M, a 2% decrease in shekel terms but a 5% increase in dollar terms year-over-year, excluding intercompany sales.

• Net income attributable to shareholders for the period was ₪95.7M, with diluted EPS of ₪10.56.

• The company changed its functional currency to USD from January 1, 2025, while continuing to report in ILS.

• No material impact from the ongoing Israel war as of the report date, but future risks to sales and profitability remain.

Financial highlights

• Gross profit for the nine months was ₪174.1M, with a gross margin of 44.4%.

• Operating profit for the period was ₪115.2M.

• Net cash from operating activities for the nine months was ₪42.7M, up from the prior year.

• Cash and cash equivalents at period end were ₪81.9M.

• Dividend distributions during the period totaled ₪105M.

Outlook and guidance

• Management does not expect a significant change in gross profitability for the SOM segment despite memory component price increases.

• The company continues to monitor the impact of new US import tariffs, with current SOM products exempt from additional duties.