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Recent Updates — FORTY

August 25, 2026View Source ↗

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.

June 15, 2026View Source ↗

Formula Systems (1985) Ltd. notified shareholders on June 15, 2026, regarding its upcoming 2026 Annual General Meeting of Shareholders. The meeting is scheduled for July 20, 2026, at 2:00 p.m. Israel time at the company's offices in Or Yehuda, Israel. Shareholders of record as of June 17, 2026, are entitled to vote. The company is a technology firm providing various electronic and software solutions.