Matrix IT (MTRX) Q1 2025 earnings summary

Executive summary

• Achieved record results in Q1 2025 across revenue, gross profit, operating profit, net profit, and EBITDA, driven by strong performance in Israel and recent acquisitions.

• Demonstrated resilience and growth despite ongoing crises, including war and geopolitical challenges.

Financial highlights

• Gross revenue rose 11.3% to NIS 1.54B; gross profit up 9.6% to NIS 227M; operating profit up 13.8% to NIS 126M; net profit up 12.8% to NIS 80.6M, all record highs compared to Q1 2024.

• EBITDA reached a record NIS 175.6M, up 11.5% year-over-year.

• Net profit attributable to shareholders was NIS 75.6M, up 10.1% year-over-year.

Outlook and guidance

• Expects to complete the merger with Magic Software by year-end, positioning Matrix among the largest global IT services firms.

• Anticipates continued expansion through acquisitions and growth in high-demand sectors such as AI, cybersecurity, and cloud.