Formula Systems Q1 2026 net income more than doubles to $35.6 million; revenue rises 19.2% to $738.3 million
PUBT · 1d ago
Share
Listen to the news
- Formula Systems posted Q1 revenue up 19.2% to USD 738.3 million.
- Operating income climbed 65.6% to USD 82 million, including USD 16.8 million of other income tied to TSG dilution.
- Net income from continued operations attributable to shareholders more than doubled to USD 35.6 million, or USD 2.25 per diluted share.
- Matrix completed its merger with Magic Software on Feb. 24, making Magic a wholly owned subsidiary; Magic shares were delisted.
- Board declared a special cash dividend of USD 13.045 per share, about USD 200 million total, payable June 4.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Formula Systems (1985) Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605280816PRIMZONEFULLFEED9728137) on May 28, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending