Phoenix Financial Ltd. (PHOE) Earnings Call Transcripts

Phoenix Financial Ltd.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Phoenix Financial Ltd. reported a comprehensive income of ILS 702 million, reflecting a robust 24% increase year-over-year. Core income also saw a significant rise of 13%, driven by strong performance in both asset management and insurance segments. Management maintained their guidance for a minimum 55% payout ratio for the year, indicating confidence in cash flow generation despite ongoing market uncertainties.

Reported metrics

Guidance from management

Phoenix expects to distribute at least 55% of income in 2026, with a focus on maintaining strong cash flows and pursuing strategic acquisitions. They target core income of ILS 3.3 billion to ILS 3.5 billion by 2028, with growth driven by asset management and insurance segments.

What management said

Thank you, Eli. For additional information and resources, you can visit our website at www.phoenixfinancial.co.il. We'll now review the questions that were discussed in the conference call today in Hebrew. First question, you continue to make acquisitions. Going forward, in which areas are you looking to acquire? And can it be meaningful for Phoenix?

Following the reporting date, a correction in the capital market has been observed, which may support the improvement of the return of equity in the second quarter of this year. In addition, the Phoenix is expected to benefit from positive impact for which sensitivity disclosure have been published, indicating an effect of approximately ILS 200 million in net profit for each 50 basis point reduction.

What analysts pressed on

Analysts expressed concerns about the impact of geopolitical tensions on market stability and how it might affect future earnings. There was also inquiry regarding the effectiveness of AI investments and how quickly they would translate into measurable returns.

Main topics on the call

• Strong Comprehensive Income Growth — Phoenix reported comprehensive income of ILS 702 million for Q1 2026, a 24% increase compared to Q1 2025. CEO Eyal Ben Simon stated, "Phoenix delivered another strong quarter...comprehensive income grew by 24% and core i...
• Accelerated Growth in Asset Management — The asset management segment grew by 23% year-on-year, contributing significantly to core income. Management noted, "Our asset management platforms continue to generate strong growth of 23% year-on-year, improving earnin...
• Strategic Acquisitions — Phoenix completed acquisitions of BUYME Digital and Fidelis Wealth Management, which management believes will enhance their capabilities. Eyal Ben Simon highlighted that these acquisitions are "strategic and synergetic t...
• Dividend Payout Strategy — The company announced a dividend of ILS 1.3 per share, totaling ILS 320 million, representing a 57% payout of Q1 income. This aligns with their guidance of at least 55% payout for 2026, reinforcing their commitment to re...

Read the full Phoenix Financial Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 Phoenix Financial Ltd. earnings call transcripts on record, spanning August 24, 2023 to May 28, 2026. Based on this history, Phoenix Financial Ltd. reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PHOE

Exchange

TASE

Country

IL

Sector

Financials

Industry

Insurance

Calls on record

10

First call

August 24, 2023

Most recent

May 28, 2026

Reporting cadence

quarterly