B 
Bezeq Israeli Telecommunication Corp BEZQ.TA · ILA
Communication Services · Tel Aviv · 🇮🇱 Israel
686.60
+0.38%
Close of 9 Nov 2026, in ILA
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At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 8.70bn
FY2016FY2025
Net income
ILS 1.42bn
FY2016FY2025
Free cash flow
ILS 1.43bn
FY2016FY2025
Shareholders' equity
ILS 2.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 8.70bn | ILS 8.88bn | ILS 9.10bn | ILS 9.03bn | ILS 8.82bn | ILS 8.72bn | ILS 8.93bn | ILS 9.32bn | ILS 9.79bn | ILS 10.08bn |
| Gross profit | ILS 7.48bn | ILS 7.44bn | ILS 7.17bn | ILS 7.50bn | ILS 7.30bn | ILS 7.20bn | ILS 7.41bn | ILS 7.79bn | ILS 8.13bn | ILS 8.43bn |
| Operating income | ILS 2.28bn | ILS 1.65bn | ILS 1.78bn | ILS 1.64bn | ILS 1.87bn | ILS 1.46bn | ILS 1.68bn | −ILS 624.0m | ILS 2.11bn | ILS 2.32bn |
| Net income | ILS 1.42bn | ILS 1.07bn | ILS 1.19bn | ILS 1.00bn | ILS 1.18bn | ILS 796.0m | −ILS 1.09bn | −ILS 1.07bn | ILS 1.24bn | ILS 1.24bn |
| Diluted earnings per share | 0.51 | 0.38 | 0.45 | 0.36 | 0.42 | 0.29 | -0.39 | -0.39 | 0.43 | 0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 15.94bn | ILS 15.16bn | ILS 13.88bn | ILS 13.41bn | ILS 13.93bn | ILS 13.24bn | ILS 13.04bn | ILS 16.32bn | ILS 16.85bn | ILS 15.95bn |
| Cash and short-term investments | ILS 2.83bn | ILS 2.69bn | ILS 1.76bn | ILS 1.64bn | ILS 1.93bn | ILS 1.56bn | ILS 1.28bn | ILS 2.27bn | ILS 2.47bn | ILS 1.23bn |
| Total liabilities | ILS 12.98bn | ILS 12.66bn | ILS 11.68bn | ILS 11.79bn | ILS 12.84bn | ILS 13.39bn | ILS 13.72bn | ILS 15.89bn | ILS 14.71bn | ILS 13.74bn |
| Debt | ILS 9.77bn | ILS 9.61bn | ILS 9.00bn | ILS 9.18bn | ILS 10.04bn | ILS 10.31bn | ILS 10.94bn | ILS 12.73bn | ILS 11.86bn | ILS 10.95bn |
| Shareholders' equity | ILS 2.95bn | ILS 2.50bn | ILS 2.20bn | ILS 1.62bn | ILS 1.10bn | −ILS 150.0m | −ILS 686.0m | ILS 434.0m | ILS 2.14bn | ILS 2.20bn |
| Shares outstanding | 2,775m | 2,810m | 2,669m | 2,745m | 2,843m | 2,720m | 2,767m | 2,727m | 2,889m | 2,692m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 3.10bn | ILS 3.45bn | ILS 3.46bn | ILS 3.50bn | ILS 2.84bn | ILS 3.22bn | ILS 2.92bn | ILS 3.51bn | ILS 3.52bn | ILS 3.53bn |
| Capital spending | −ILS 1.68bn | −ILS 1.75bn | −ILS 1.71bn | −ILS 1.70bn | −ILS 1.69bn | −ILS 1.50bn | −ILS 1.48bn | −ILS 1.61bn | −ILS 1.53bn | −ILS 1.42bn |
| Free cash flow | ILS 1.43bn | ILS 1.70bn | ILS 1.75bn | ILS 1.80bn | ILS 1.15bn | ILS 1.72bn | ILS 1.45bn | ILS 1.91bn | ILS 2.00bn | ILS 2.11bn |
| Dividends paid | −ILS 975.0m | −ILS 781.0m | −ILS 638.0m | −ILS 534.0m | — | — | — | −ILS 686.0m | −ILS 1.29bn | −ILS 1.44bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 2.17bn | ILS 2.17bn | ILS 2.19bn | ILS 2.15bn | ILS 2.14bn | ILS 2.23bn | ILS 2.20bn | ILS 2.23bn |
| Gross profit | ILS 677.0m | ILS 643.0m | ILS 2.96bn | ILS 787.0m | ILS 1.84bn | ILS 1.89bn | ILS 1.85bn | ILS 1.89bn |
| Operating income | ILS 478.0m | ILS 444.0m | ILS 715.0m | ILS 571.0m | ILS 631.0m | ILS 456.0m | ILS 332.0m | ILS 436.0m |
| Net income | ILS 308.0m | ILS 211.0m | ILS 242.0m | ILS 446.0m | ILS 426.0m | ILS 303.0m | ILS 209.0m | ILS 281.0m |
| Diluted earnings per share | 0.11 | 0.08 | 0.09 | 0.16 | 0.15 | 0.11 | 0.07 | 0.10 |
| Cash from operations | ILS 594.0m | ILS 989.0m | ILS 832.0m | ILS 849.0m | ILS 501.0m | ILS 831.0m | ILS 829.0m | ILS 907.0m |
| Capital spending | −ILS 276.0m | −ILS 310.0m | −ILS 406.0m | −ILS 301.0m | −ILS 266.0m | −ILS 419.0m | −ILS 469.0m | −ILS 436.0m |
| Free cash flow | ILS 318.0m | ILS 679.0m | ILS 426.0m | ILS 548.0m | ILS 235.0m | ILS 412.0m | ILS 360.0m | ILS 471.0m |
| Total assets | ILS 15.14bn | ILS 16.36bn | ILS 15.94bn | ILS 15.79bn | ILS 15.22bn | ILS 15.58bn | ILS 15.16bn | ILS 15.48bn |
| Cash and short-term investments | ILS 1.88bn | ILS 3.26bn | ILS 2.83bn | ILS 2.88bn | ILS 2.58bn | ILS 2.97bn | ILS 2.69bn | ILS 3.20bn |
| Debt | ILS 7.56bn | ILS 8.25bn | ILS 8.23bn | ILS 7.96bn | ILS 7.92bn | ILS 8.08bn | ILS 8.08bn | ILS 8.35bn |
| Shareholders' equity | ILS 2.78bn | ILS 3.17bn | ILS 2.95bn | ILS 2.71bn | ILS 2.84bn | ILS 2.81bn | ILS 2.50bn | ILS 2.29bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 85.9% | 83.8% | 78.8% | 83.1% | 82.8% | 82.5% |
| Operating margin | 26.2% | 18.6% | 19.5% | 18.1% | 21.2% | 16.7% |
| Net margin | 16.3% | 12.1% | 13.1% | 11.1% | 13.4% | 9.1% |
| Return on equity | 48.0% | 42.8% | 54.1% | 61.6% | 107.9% | -530.7% |
| Return on assets | 8.9% | 7.1% | 8.6% | 7.5% | 8.5% | 6.0% |
| Free cash flow yield | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% |
| Revenue growth | -2.0% | -2.4% | 0.8% | 2.4% | 1.1% | -2.3% |
| Earnings growth | 32.2% | -9.8% | 18.9% | -15.5% | 48.6% | -173.2% |
| Current ratio | 1.14x | 1.12x | 0.95x | 0.98x | 1.10x | 0.97x |
| Debt to equity | 2.79x | 3.23x | 3.37x | 4.76x | 7.78x | -58.77x |
| Equity ratio | 18.5% | 16.5% | 15.8% | 12.1% | 7.9% | -1.1% |
| Interest coverage | 6.45x | 4.77x | 5.95x | 6.44x | 6.75x | 4.80x |
| Buybacks as a share of market value | 1.2% | -5.3% | 2.8% | 3.4% | -4.5% | 1.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | -0.0% | -1.4% |
| Operating income | 11.7% | 9.4% | -1.2% |
| Net income | 12.3% | 12.2% | -1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.8% | 82.9% | 82.8% | 82.9% |
| Operating margin | 22.4% | 20.6% | 20.0% | 18.5% |
| Net margin | 14.2% | 13.1% | 12.5% | 8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.9 | 13.6 | 11.1 | 16.6 | 12.3 | 10.9 | -7.1 | -9.3 | 12.2 | 15.8 |
| Price to sales | 2.3 | 1.6 | 1.4 | 1.8 | 1.7 | 1.0 | 0.9 | 1.1 | 1.5 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 27 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.198 | 0.352 | 0.322 | 0.231 | 0.193 | 0.248 | 0.465 | 0.521 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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