Nawi Group (NAWI) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue grew 20.2% year-over-year to ₪126 million, with net profit up 7.5% to ₪46.3 million and comprehensive income up 34.3% to ₪53.2 million.

• Equity increased to ₪1.06 billion, representing 19% of total assets, up from ₪931 million a year ago.

• The company manages 99 real estate projects, mainly residential, with a diversified and well-collateralized credit portfolio.

• Dividend yield stands at 5.65%, with ₪11.6 million to be distributed for Q1 2026; share buyback program authorized up to ₪30 million.

• Maintained strong liquidity with ₪1.06 billion in unused bank credit lines.

Financial highlights

• Total credit/loan portfolio reached ₪5.33 billion, up from ₪5.25 billion at year-end 2025, with 78% secured by collateral.

• Q1 2026 financing income was ₪126 million, with pre-tax profit of ₪60.9 million and net profit of ₪46.3 million.

• Loan loss provisions increased to ₪8 million (0.60% annualized of portfolio), up from ₪4.4 million a year earlier.

• Average loan portfolio for the quarter was ₪5.15 billion, up from ₪3.9 billion in Q1 2025.

• Dividend distributions since IPO total ₪585 million.

Outlook and guidance

• Credit/loan portfolio projected to reach ₪5.6 billion by end-2026 and ₪6.4 billion by end-2027.

• Equity forecasted at ₪1.13 billion by end-2026 and ₪1.28 billion by end-2027.

• Focus remains on secured residential real estate lending and expanding consumer credit backed by collateral.

• Business plan and forecasts are subject to market conditions, regulatory changes, and macroeconomic factors.