Formula Systems reported strong financial results for the second quarter and first half of 2025. Revenues for the quarter increased by 11.3% year over year to $743.4 million, while net income attributable to shareholders decreased by 20.1% to $15.1 million. The decrease was mainly due to higher financial expenses resulting from exchange rate differences.

For the six-month period, revenues increased by 9.7% to $1.5 billion, with net income attributable to shareholders decreasing by 4.5% to $34.4 million. Formula Systems holds significant stakes in various companies, with consolidated cash totaling $406.2 million as of June 30, 2025.

A dividend of NIS 1.69 per share was declared for the second quarter, amounting to approximately $7.7 million. Formula Systems remained compliant with its debenture covenants, including target equity and financial ratios.

Matrix, a subsidiary of Formula Systems, reported record-breaking results for the second quarter, with revenues reaching $405.3 million. Magic Software also experienced growth, with revenues of $151.6 million and revised full-year revenue guidance.

Sapiens completed acquisitions and entered into an agreement for the majority stake acquisition by Advent. Michpal Technologies is preparing for an IPO, with revenues reaching $27 million in the first half of 2025. TSG achieved record-breaking results and Zap Group launched an E-Commerce Marketplace platform.

Formula Systems provided stand-alone financial measures to reflect its position as the parent company. Management highlighted the company’s consistent performance, focus on growth, and commitment to innovation. Forward-looking statements were also provided, cautioning investors about potential risks and uncertainties.

Read more at GlobeNewswire: Formula Systems Reports Second Quarter and First Half 2025