Automatic Bank Services Limited (SHVA) Q1 2026 earnings summary

Executive summary

• Operates critical national payment infrastructure, including charge card and ATM switching, with a stable customer base and long-term contracts.

• Invests in technological upgrades, cyber security, and cloud-based infrastructure to address evolving competition and regulatory changes.

• Maintained business continuity and operational resilience during Operation "Lion's Roar," with no material impact on workforce or service delivery.

Financial highlights

• Revenue for Q1 2026 was NIS 38.4 million, up slightly from NIS 38.2 million in Q1 2025.

• Net income for Q1 2026 was NIS 6.88 million, down from NIS 10.28 million in Q1 2025.

• EBITDA less equity compensation for Q1 2026 was NIS 12.7 million, compared to NIS 15.9 million in Q1 2025.

• Cash and cash equivalents increased to NIS 27.1 million as of March 31, 2026, from NIS 15.5 million at year-end 2025.

• Dividend of NIS 30 million (approx. NIS 0.75 per share) distributed in April 2026, representing 66% of 2025 net income.

Outlook and guidance

• No anticipated harm to financial strength or need for external financing in the near term.

• Ongoing investments in cyber security and technology to ensure resilience amid geopolitical volatility.

• Updated pricing policy and price list to be published in May 2026, effective July 2026.