From GlobeNewswire: 2025-05-22 09:47:00

Formula Systems (1985) Ltd. announced record-breaking financial results for the first quarter ended March 31, 2025. Revenues increased by 8.1% to $754.7 million, operating income rose by 12.7% to $70.5 million, and net income grew by 12.6% to $19.3 million. The company also declared a dividend of NIS 1.57 per share.

Formula Systems was in compliance with all financial covenants under the debenture series. Actual equity attributable to Formula’s shareholders was $681.0 million, net financial indebtedness to net capitalization was (4.72%), and net financial indebtedness to EBITDA was (0.16%) as of March 31, 2025.

CEO Guy Bernstein highlighted the company’s strong performance and commitment to growth. Formula specializes in cloud, cyber, digital, data, DevOps, Insure-Tech, and AI technologies. Management believes these results demonstrate operational excellence and sustained growth in key areas of expertise.

Formula Systems provided stand-alone financial measures to show its financial position as the parent company of the group. These measures reflect the company’s assets and liabilities, including investments in subsidiaries, and are used for trend analysis and financial reporting to management and the board of directors.

Investors are urged to review consolidated financial statements for a comprehensive evaluation. Formula Systems focuses on providing software consulting services, computer-based business solutions, and developing proprietary software products. For more information, visit www.formulasystems.com.



Read more at GlobeNewswire:: Formula Systems Reports First Quarter 2025 Financial