PHOE

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Reiterated the $200 million revenue target for 2026, driven by synergistic contributions from both the Data Science and Acoustic Science divisions. Established a foundational partnership with Available Networks to build a quantum-ready AI supercompute network across 100 cities, utilizing DataVault's tokenomic IP for metering and access control. Acquired BankWyse to secure a Wyoming State Bank Charter, enabling the creation of a 'third bank account' for Americans to value, score, and monetize personal data assets. Signed a definitive agreement to acquire CyberCatch, a quantum-ready security system, to embed remediation and protection capabilities into every DataVault instance. Leveraged a $150 million stock conversion into Phoenix Asia Holdings to enhance the balance sheet for Genius Act compliance, facilitating compliant trading on company exchanges. Maintained both the Acoustic and Data Science divisions as a unified entity due to increasing operational synergies and shared value creation goals. Secured over 100 foundational patents to protect proprietary inventions in tokenomics and acoustic standards, creating a competitive moat against market entrants. Scheduled a comprehensive launch of all proprietary and licensed exchanges for mid-September 2026, following the full integration of Fiserv for international clearing. Anticipates a significant revenue ramp in Q4 2026, supported by $213 million in signed contract fees for tokenization projects across mining, real estate, and legal sectors. Assumes regulatory tailwinds from the Genius Act and the pending CLARITY Act will expand the volume and complexity of digital assets eligible for exchange listing. Projects $200 million in liquidity for the remainder of the year through Bitcoin sales, licensing receivables, and a $120 million non-dilutive revenue share deal with Scilex. Commits to avoiding a reverse stock split by focusing on hitting revenue guidance and leveraging a shareholder equity exemption to maintain NASDAQ listing through February. Announced the $94.5 million acquisition of CyberCatch as an all-cash transaction expected to close in the fourth quarter of 2026. Reported a share count increase to approximately 1 billion shares outstanding following the closing of the NYIAX transaction and recent financing activities. Identified the primary risk as the evolving legal and regulatory landscape for tokenomics, requiring conservative revenue recognition and ongoing coordination with the SEC. Noted that the Available Networks partnership involves a 50-50 revenue split on the $1 billion in minted Qestrel coins, which will be recognized as cash collections occur over time. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that exchange launches are not dependent on the CLARITY Act, as current systems are built for Genius Act compliance. The mid-September launch timeline is primarily tied to completing the Fiserv integration for seamless banking-to-DataVault interactions. Confirmed that nodes in Philadelphia, New York, and Washington, D.C. are already operational, with IBM watsonx technology currently installed at the Philadelphia and New York locations. Stated that the existing network capacity is sufficient for the initial exchange launch, with the remaining 30+ sites under construction providing additional regional adjacency for clients. Management identified multiple funding sources: the 50-50 revenue split from Qestrel coins, $190 million in licensing receivables, and capital from the Patriot Strategic Metals initiative. The acquisition is part of a broader strategy to infuse every DataVault with quantum-ready cybersecurity talent and software. CEO Nathaniel Bradley explicitly stated the company will not pursue a reverse stock split, citing an automatic shareholder equity exemption valid through February. The strategy to maintain listing relies on posting Q3 and Q4 results that reflect the company's $200 million revenue guidance to drive organic stock price appreciation.

This article first appeared on GuruFocus. Total Comprehensive Income (2025): ILS3.2 billion. Q4 Comprehensive Income: ILS887 million. Earnings Per Share (2025): ILS12.6. Return on Equity (2025): 27%. Q4 Earnings Per Share: ILS3.5. Q4 Return on Equity: 29%. Comprehensive Income Growth (2025): 34% year-over-year. Core Income Growth (2025): 16% year-over-year. Asset Management Growth (2025): 43% year-over-year. Core Income (2025): Over ILS2.6 billion. Asset Management Core Income (2025): ILS900 million, 42% growth year-over-year. Insurance Core Income (2025): Over ILS1.7 billion, 6% growth year-over-year. Investment Performance (2025): Additional ILS500 million. Nominal Returns on Corporate Account (2025): 8.5%. Dividend for Q4 2025: ILS360 million. Total Payout from 2025 Earnings: ILS1.6 billion, 51% of comprehensive income. Assets Under Management (End of 2025): ILS610 billion (~$200 billion). EBITDA Growth: 30% annually, aiming for ILS2.4 billion to ILS2.6 billion by 2028. P&C Income Before Tax (2025): ILS927 million. Health Segment Pretax Income (2025): ILS924 million. Life Segment Income Before Tax (2025): ILS413 million. Wealth & Investments Segment Contribution (2025): ILS384 million. Retirement Business Pretax Contribution (2025): ILS166 million. Brokers & Advisors Segment Income Before Tax (2025): ILS429 million. Payment and Finance Segments Income Before Tax (2025): ILS180 million. Warning! GuruFocus has detected 3 Warning Sign with SBC. Is XTAE:PHOE fairly valued? Test your thesis with our free DCF calculator. Release Date: March 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Phoenix Financial Ltd (XTAE:PHOE) reported a record comprehensive income of ILS3.2 billion for 2025, with a strong return on equity of 27%. The company achieved a 34% growth in comprehensive income and a 16% growth in core income, surpassing its guidance of 10% annual growth. Phoenix's asset management segment experienced a significant 43% year-over-year growth, contributing to the company's shift towards high multiple capital-light businesses. The company is committed to distributing quarterly dividends, with a payout of 51% of income in 2025 and plans to increase this to at least 55% in 2026. Phoenix is actively implementing AI across its businesses and aims to be a leader in AI within Israeli financial services, enhancing capabilities in underwriting, claims management, and cross-sales. Core insurance income declined in Q4 2025 due to model updates and reserve adjustments in the P&C segment. The ongoing war with Iran poses a potential risk, although Phoenix maintains business continuity and resilience. There is uncertainty regarding the impact of AI disruption on traditional markets, which could affect Phoenix's operations. The company has limited exposure to international private credit, which could restrict potential growth opportunities in this area. Phoenix's growth strategy relies heavily on M&A activities, which may not always yield the expected synergies or capabilities. Q: Phoenix reports record performance and strong growth year-over-year. Is your growth rate sustainable, and does it relate to market growth or market share growth? A: Eyal Ben Simon, CEO: We believe we can grow more than the 10% guidance, which is based on conservative organic assumptions. The market is growing, and there is a significant opportunity for disruption. We are also growing dividends, historically providing a 5% yield. Additional upside is expected from integrated financial services, AI capabilities, and M&A activities like BUYME and Fidelis. Q: You indicate that Phoenix is aiming to disrupt the Israeli financial sector. What do you mean by that? A: Eyal Ben Simon, CEO: Israeli financial services are behind the US but are catching up. There is a significant opportunity due to digitization, which is changing the game compared to traditional branches. We aim to deliver easy digital services from smart platforms, offering products like digital private credit and global investments wrapped in investment policies. Q: How do you see the ongoing war with Iran affecting your business? A: Eyal Ben Simon, CEO: We don't see significant impact. We maintain full business continuity and have broad resilience and diversification to limit risk. Positive performance in capital markets supports group performance, and we are regularly monitoring the situation. Q: Global capital markets highlight concerns from AI disruption. How do you see the situation in Israel, and what is the potential impact on Phoenix? A: Eyal Ben Simon, CEO: Israel is more protected due to its smaller economy and local nuances. AI presents a big opportunity for Phoenix as we have the scale, capabilities, and data platforms to lead AI in financial services in Israel. We are already seeing results in areas like underwriting and claims. Q: You mentioned potential upside back in November when you published guidance. What is the likelihood of upside, and do you intend to update the guidance? A: Eyal Ben Simon, CEO: We see the next wave of value creation from integrated financial services and innovative products. It is too early to fully quantify, but we will update our plans periodically and revisit our guidance as appropriate. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Hong Kong, March 31, 2026 (GLOBE NEWSWIRE) -- Phoenix Asia Holdings Limited (“PHOE” or the “Company”) (Nasdaq: PHOE) is an exempted company with limited liability incorporated under the laws of the Cayman Islands with no material operations of its own. The Company, through its indirectly wholly-owned operating subsidiary, Winfield Engineering (Hong Kong) Limited, is engaged in substructure works, such as site formation, ground investigation and foundation works in Hong Kong. The Company today announced its unaudited financial results for the six months ended September 30, 2025. First Half of 2025 Financial and Operating Highlights Mr. Chi Kin Kelvin Yeung , Chief Executive Officer of the Company, commented, “In our operating history of approximately 35 years, we have focused on providing substructure works. We take pride in our portfolio in substructure works. In the six months ended September 30, 2025 we continue to provide quality substructure works to our customers and expand our business. Leveraging our established track record, our expertise in substructure operations and our experienced management team, we believe we are well-positioned to capture the growth of the substructure works market in Hong Kong and expand our business.” FINANCIAL RESULTS Revenue Revenue decreased by 7.3% from US$3,789,610 for the six months ended September 30, 2024 to US$3,511,591 for the six months ended September 30, 2025. The decrease was primarily due to certain projects were completed for the year ended March 31, 2025. Cost of revenue Cost of revenue increased by 2.2% from US$2,709,378 for the six months ended September 30, 2024 to US$2,770,148 for the six months ended September 30, 2025. The increase was mainly due to additional work has been necessitated with variation orders for certain projects. Gross profit and gross profit margin The gross profits was US$741,443 for the six months ended September 30, 2025, as compared to the gross profit of US$1,080,232 for the six ended September, 2024, a decrease of US$338,789, or 31.4%. The decrease in gross profit was mainly attributable to additional work has been necessitated with variation orders for certain projects, but the amounts of these variation orders are still under negotiation with the relevant customer. Net income and total comprehensive income Net income and total comprehensive income decreased by 68.6% from US$631,441 for the six months ended September 30, 2024 to US$198,336 for the six months ended September 30, 2025. The decrease was mainly due to the decrease in gross profit. About Phoenix Asia Holdings Limited Phoenix Asia Holdings Limited is a Hong Kong-based company mainly engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. With a mission to become a premier substructure contractor in Hong Kong, the Company strives to deliver unparalleled customer satisfaction, the highest standards of work and safety, and exceptional craftsmanship and environmental performance. The Company conducts its business through its wholly-owned Hong Kong operating subsidiaries, Winfield Engineering (Hong Kong) Limited. For more information, please visit the Company’s website: https://ir.winfield.hk. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. For more information, please contact: Phoenix Asia Holdings Limited Investor Relations Department Email: [email protected]/

TEL-AVIV, Israel, March 26, 2026 /PRNewswire/ -- Phoenix Financial Ltd., a leading Israel-based asset management and insurance company (TASE: PHOE) ("Phoenix," the "Group," or the "Company") today reported its full year 2025 results. Highlights Strong growth in comprehensive income – Annual comprehensive income reached NIS 3,186 million in 2025 and NIS 887 million in the fourth quarter of 2025, an increase of 34% and 23% respectively, compared to the corresponding periods last year. Increase in return on equity – Phoenix achieved ROE of 26.6% in 2025 and 28.9% in the fourth quarter of 2025. Strong growth in core income, reaching NIS 2,650 million in 2025 and NIS 665 million in the fourth quarter of 2025, an increase of 16% and 9% respectively, compared to the corresponding periods last year. The growth rate exceeds the rate required to achieve the Company's 2028 guidance of NIS 3.3–3.5 billion. Accelerated growth in asset management activities with NIS 895 million in core income, an increase of approximately 42% compared to 2024. Total AUM reached NIS 610 billion (roughly $200 billion), an increase of approximately 16% compared to the end of 2024. Growing dividend – Phoenix generates strong cash flows and profitable growth and today announced a quarterly dividend of NIS 360 million, or approximately NIS 1.6 per share, with respect to its fourth quarter 2025 results. Total dividends for 2025 amount to NIS 1,310 million, or approximately roughly NIS 6.0 per share, and are in addition to share buybacks of approximately NIS 300 million. Phoenix has updated its dividend policy from a minimum of 40% to a minimum of 45% of comprehensive income and is guiding for combined dividends and buybacks of at least 55% in 2026. Business performance and strategic growth Phoenix reports comprehensive income of NIS 3,186 million (NIS 12.6 per share) for 2025 and NIS 887 million (NIS 3.5 per share) for the fourth quarter of 2025, compared to NIS 2,374 million and NIS 721 million respectively in the corresponding periods last year. Core income for 2025 amounted to NIS 2,650 million and NIS 665 million for the fourth quarter of 2025 compared to NIS 2,296 million and NIS 645 million respectively in the corresponding periods last year (core income excluding capital market, interest rate, and special effects). The current growth rate exceeds the rate required to meet the Company's 2028 guidance of NIS 3.3–3.5 billion. The return on equity from group activity stood at 26.6% in 2025 and 28.9% in the fourth quarter of 2025. Core return on equity stood at 22.6% in 2025 and 21.9% in the fourth quarter of 2025. Accelerated growth in asset management activity and shift in mix toward high-multiple growth engines with low capital requirements – Core income from Asset Management activities (including Wealth & Investments, Retirement, Brokers & Advisors, and Payments & Financing) amounted to NIS 895 million in 2025 and NIS 213 million in the fourth quarter of 2025, compared to NIS 630 million and NIS 155 million respectively in the corresponding periods last year. Adjusted EBITDA on a consolidated basis including minority interest grew to NIS 1,567 million in 2025 and NIS 379 million in the fourth quarter, compared to NIS 1,185 million and NIS 325 million in the corresponding periods last year due to accelerated growth, efficiency, and the realization of competitive advantages. Increase in asset and credit portfolios – As of December 31, 2025, total assets under management in the Group increased to NIS 610 billion (roughly $200 billion). The Phoenix Gama credit portfolio continued to grow and amounted to NIS 4.8 billion. Insurance activity – Core Income from Insurance activity amounted to NIS 1,755 million in 2025 and NIS 452 million in the fourth quarter of 2025, compared to NIS 1,666 million and NIS 490 million, respectively, in the corresponding periods last year, due to the realization of competitive advantages in P&C and the implementation of extensive digitization and optimization processes. Non-operating effects increased comprehensive income by NIS 536 million in 2025 and by NIS 222 million in the fourth quarter of 2025, mainly due to strong investment returns and corporate (Nostro) account nominal return of roughly 8.5%, which was partially offset by interest rate effects as a result of an activity structure that provides for low sensitivity to interest rate effects. Stable cashflows translated into growing dividend distributions Phoenix continues to maintain high financial strength, liquidity balances, and low leverage focusing on efficient capital management to maximize profitability. The Phoenix Insurance subsidiary was rated A3 by Moody's, higher than the sovereign rating of Israel. The Insurance business had a solvency ratio of 179% as of September 30, 2025 (including transitional measures and a quarterly dividend distribution), which is above the long-term target of 150–170%. Phoenix announces a NIS 360 million quarterly dividend. Including previous dividends, total dividends from 2025 income amount to NIS 1,310 million, resulting in a dividend yield of approximately 6.5% (based on the average share price). In addition, Phoenix executed share buybacks totaling approximately NIS 300 million. Starting in 2026, the Company has updated its dividend policy and increased the minimum dividend payout from 40% to 45% of comprehensive income. In addition, the Company is guiding for a total distribution of 55% from comprehensive income, including both dividends and share buybacks. Progress toward 2028 guidance and upside potential Income growth rate in 2025 was higher than the growth rate in the guidance for 2028 income, as Phoenix disrupts Israeli financial services and builds integrated financial services capabilities. During 2025, Phoenix increased group app adoption to over 500,000 active clients, facilitating broad services across investments, savings, insurance, and financing, with 90,000 clients using the brokerage trading app (as of March 2026). Phoenix continues to increase the implementation speed of data and AI engines in underwriting, claims, service, and sales in order to accelerate competitive advantages and significantly improve the client experience. Eyal Ben Simon, CEO of Phoenix Financial: "Phoenix concludes another year of strong performance and continued strategic growth. In 2025, comprehensive income increased by 34% and exceeded NIS 3 billion, driven by accelerated growth of approximately 42% in asset management activities, increased insurance income, and investment performance generating excess yield for clients and contributing to the Group. The Group's performance in 2025 represents a high growth rate in core income relative to the guidance range of NIS 3.3–3.5 billion for 2028. Looking ahead, Phoenix is well positioned to leverage long-term trends and opportunities in the market and is accelerating the building of capabilities for the next wave of value-creating growth. The Company is building an integrated financial services platform including advanced products and services and a distinctive client experience across channels. For this purpose, the Company is focusing its efforts on technological innovation centered on data and AI, talent development, and synergistic acquisitions. During 2025, we completed several M&A transactions aimed at expanding Phoenix's capabilities in strategic areas, creating synergies, and strengthening value propositions for the Group's clients. Our proven strategy and the capabilities we are building will enable Phoenix to accelerate growth, create value, and disrupt the Israeli financial sector in the short and long terms. The Company's financial strength gives us the flexibility to invest in building capabilities, execute M&A, continue distributing quarterly dividends, and perform share buybacks. Moody's recently upgraded Phoenix Insurance's international rating to A3, higher than Israel's sovereign rating, reflecting confidence in the Company's financial strength. We are pleased with the increasing confidence from investors, including international investors who hold 35–40% of Phoenix Financial's shares. Trading volumes in the share continue to be high relative to the Company's valuation and represent further evidence of the Group's achievements and high business potential. The results we present today reflect the commitment and consistency of the Group's employees and managers, and we express our appreciation for their efforts, as well as the Company's board of directors. 2025 ended with the return home of all our hostages, allowing for the beginning of Israel's national recovery, while 2026 started with the ongoing war with Iran. Phoenix stands with the defense forces, shares in the grief of the families of the fallen, and hopes for the recovery of the wounded. May calm return to our region and open a window of opportunity for political, social, and economic renewal and prosperity in Israel and the Middle East." Conference Call Information Phoenix Financial will hold a conference call on March 26th 2026 at 1pm local time in Hebrew and at 5pm local time / 3pm UK / 11am EDT in English, and has published dial-in details and the presentation through the Tel Aviv Stock Exchange website. About Phoenix Financial Phoenix Financial is a leading Israel-based asset management and insurance company traded on the Tel Aviv Stock Exchange (TASE: PHOE). Group activities include multi-line insurance, broad asset and wealth management solutions, advisory & brokerage, and payments & financing, and have demonstrated strong growth and performance across the cycle. Phoenix serves a significant portion of Israeli households with a broad set of activities and solutions across businesses and client segments. Managing roughly $200 billion in assets, Phoenix accesses Israel's vibrant and innovative economic activity through a robust investment portfolio, creating value for both clients and shareholders. The above includes information regarding the Company's financial statements results and strategic plan & guidance. Accordingly, the presentation includes forward-looking information as defined in section 32A of the Securities Law 1968. The information regarding the strategic plan & guidance includes, among other things, forecasts, goals, assessments, and various estimates, including information presented by way of illustrations and/or graphs and/or tables relating to future events or matters, the realization of which is uncertain and not under the control of the Company or the companies in the Phoenix group, including, among other things, regarding revenues and profitability from new initiatives and the implementation of various plans, profit forecasts, EBITDA, and other future financial data. The Company's management has carried out a process of updating its strategic goals, based on the Company's data, market data, raw or processed internal information collected, and comparative information, and based on certain working assumptions regarding the Company's activities and relevant markets. Such information is based on the subjective assessment of the Company and its advisors, and among other things, relies on past experience, the professional knowledge accumulated by the Company, existing information, and current expectations and assessments, including future developments as known to the Company today. The realization and/or non-realization of forward-looking information which is stated in the financial reports and this presentation will be affected by risk factors that characterize the activities of the Company and group companies, as detailed in the Company's periodic reports, including changes in economic conditions, capital market in Israel and globally, the development of competition in the segments relevant to the group's activities, regulatory changes, changes in consumer preferences and consumption habits, changes in working assumptions or in the economic models and assumptions, and changes in implementation or execution – that cannot be estimated in advance and may not be controlled by the Company. Hence, there is no certainty that the actual results and achievements of the Company in the future will be in accordance with these views and may differ, also substantially, from those presented in this material. View original content:https://www.prnewswire.com/news-releases/phoenix-financial-reports-2025-results-with-strong-growth-exceeding-pace-of-guidance-302726131.html