Formula Systems Reports Second Quarter and First Half 2026 Financial Results
Formula Systems (1985) Ltd. announced record-breaking second quarter 2026 results with revenues reaching $782.4 million (up 29.8% YoY) and net income attributable to shareholders at $23.3 million (up 54.6% YoY). For the first half of 2026, revenues reached $1.52 billion (up 24.4% YoY) with operating income of $153.7 million (up 53.3% YoY). The company declared a dividend of $1.63 per share and maintained strong cash position of $864.5 million. Key subsidiaries Matrix IT, TSG IT Advanced Systems, and Michpal Technologies all reported strong growth across financial metrics.