Automatic Bank Services Limited (SHVA) Q1 2025 earnings summary

Executive summary

• Operates national payment infrastructure, including charge card clearing, ATM switching, and value-added services for financial institutions and businesses.

• Expanded services in 2025, including new software capabilities and aggregate information offerings for municipalities and government entities.

• No material impact from the ongoing "Iron Swords" war; business continuity and financial strength maintained.

Financial highlights

• Revenue for Q1 2025 was NIS 38.2 million, up from NIS 36.8 million in Q1 2024.

• Net income for Q1 2025 was NIS 10.3 million, down from NIS 12.1 million in Q1 2024.

• EBITDA less equity compensation for Q1 2025 was NIS 15.9 million, compared to NIS 16.4 million in Q1 2024.

• Cash and cash equivalents increased to NIS 53.6 million as of March 31, 2025, from NIS 44.1 million at year-end 2024.

• Dividend of NIS 30 million (approx. NIS 0.75 per share) declared and distributed in April 2025.

Outlook and guidance

• Ongoing investments in technology and modernization of core systems to support future growth.

• No anticipated near-term impact on financial strength from the security situation, but forward-looking statements note uncertainty due to the war.