Phoenix Financial Ltd. (PHOE.TA), an Israel-based financial platform and asset management company, on Thursday reported higher profit for the first quarter.
Comprehensive income increased 24% to NIS 702 million or NIS 2.8 per share from NIS 568 million in the corresponding period last year.
Core income rose 13% to NIS 709 million from NIS 626 million a year ago, exceeding expectations.
Return on equity (ROE) was 24.1% in the first quarter, while Core ROE was 24.4%.
Assets under management increased to NIS 623 billion as of March 31, 2026, from NIS 610 billion at the end of 2025.
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