Whereas many Israeli firms skilled a slowdown in 2024 due to the conflict, the mixed revenues of the 68 Israeli government-owned firms crossed the NIS 100 billion threshold for the primary time to NIS 102 billion, up 11.7% from 2023. Partially this was as a consequence of a increase in orders for government-owned protection firms like Israel Aerospace Industries (IAI) and Rafael Superior Protection Techniques, which added manufacturing strains and labored additional time to supply the IDF’s wartime wants. The mixed internet revenue of presidency firms was NIS 7.6 billion, up from NIS 6.2 billion in 2023.
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These income have macroeconomic results. The businesses distribute dividends to shareholders – the state – boosting the Ministry of Finance coffers. In present instances, when the Ministry of Finance wants each shekel to finance the continued conflict and the costly operation in opposition to Iran, each billion shekels transferred to the state from the protection firms helps.
In 2024, authorities firms declared a complete dividend of about NIS 1.2 billion. The total affect of the conflict can not but be seen, as a result of the dividends have been declared for 2023 income. Nonetheless, this can be a file when it comes to complete dividends for one yr, and nearly double the 2023 determine. Though, in 2022, greater dividends of NIS 1.4 billion shekels declared, the quantity additionally included dividend declarations for previous income, which had not been distributed from 2017 onwards by some firms.
Rafael reported a 27% bounce in income to almost NIS 18 billion, and internet revenue nearly doubled to about NIS 1 billion. IAI reported a 14% enhance in income, to over $6 billion, with a internet revenue of NIS 1.8 billion. These outcomes are anticipated to be mirrored in dividends to be distributed in 2025, which can once more break information.
Largest revenue was from Israel Electrical Corp.
Regardless of the excellent monetary performances by protection firms in 2024, it was the Israel Electrical Corp. (IEC) that reported the largest income for 2024, by a substantial margin forward of the protection industries. IEC, which undertook main work within the south and north to restore conflict injury, reported a revenue of about NIS 3.4 billion – up 50% from 2023. A serious motive for this was the sale of the Eshkol energy plant for over NIS 9 billion within the privatization course of.
The corporate that recorded the very best loss final yr was Vitality Infrastructures, amounting to NIS 41 million. Main income was recorded for the completion of the privatization of Israel Put up, which was bought for NIS 468 million.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 8, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
