Earnings ·
Formula Systems (1985) Ltd. reported second quarter and first half 2026 financial results, announcing a cash dividend…
FORTYFormula Systems (1985) Ltd
Formula Systems (1985) Ltd. reported second quarter and first half 2026 financial results, announcing a cash dividend of $1.63 per share totaling approximately $25.0 million, payable on October 6, 2026 to shareholders of record as of September 22, 2026. For the quarter ended June 30, 2026, revenues reached a record $782.4 million, up 29.8% year-over-year, while net income attributable to shareholders rose 54.6% to $23.3 million, or $1.47 per diluted share. First-half revenues grew 24.4% to $1.52 billion, with net income increasing 71.4% to $58.9 million, or $3.72 per diluted share; these figures included a $16.6 million capital gain from the dilution of its stake in affiliate TSG IT Advanced Systems Ltd. The company also confirmed compliance with all debenture covenants and reported consolidated cash and short-term deposits of approximately $864.5 million as of June 30, 2026. Formula Systems is a global information technology holding company providing software consulting services, computer-based business solutions, and proprietary software products.