Link: https://links.sgx.com/1.0.0/corporate-announcements/7A99YDHSXU204HVY/0d81e0dd7d2c62ca22e85761a88d68420d8a8de70b46c4b22b3851eb6b2b6d76

Summary:

• For the nine months ended 30 September 2025, Israel Electric Corporation’s net profit climbed to NIS 4.11 billion from NIS 2.86 billion a year earlier, driven by lower fuel costs and positive movements in regulatory deferral accounts.

• Revenue rose 3% to NIS 21.12 billion, while cost of operating the electricity system fell 7% to NIS 16.69 billion, lifting operating profit to NIS 4.43 billion versus NIS 2.70 billion in the prior-year period.

• Total assets increased to NIS 107.52 billion including regulatory deferral balances, with equity up 12% to NIS 42.94 billion as retained earnings and pension asset remeasurement gains strengthened the balance sheet.

• The company’s leverage and cash metrics remained within board-approved targets, with net financial debt at about NIS 32.9 billion and a debt-to-assets ratio near 60%.

• Management highlighted continued execution of Israel’s energy transition, including gas conversion projects at Rutenberg and Orot Rabin, expanded grid and storage investments, and preparations for heightened competition and bilateral renewable power markets.