The company’s quarterly revenues reached approximately 4.4 billion shekels, representing a 26% increase from roughly 3.5 billion shekels in the corresponding quarter of the previous year. Operating profit from general activity sectors rose 38% to about 1.56 billion shekels, up from 1.13 billion shekels in the second quarter of 2025. Following the financial release, the group’s board of directors approved a dividend distribution of 250 million shekels to shareholders.
Delek Group Q2 2026 Financial Results
Energy and Natural Gas Operations
Energy activities served as a primary profit driver during the quarter. Ithaca Energy, the group’s North Sea oil and gas production arm, reported an average daily production of approximately 130,600 barrel equivalents per day—a 9% increase from the prior-year period. Ithaca’s quarterly revenues reached 811 million dollars, while EBITDAX grew 19% to approximately 550 million dollars, and net profit attributable to Ithaca shareholders totaled 85 million dollars. Ithaca declared a dividend of 255 million dollars payable in September and raised its full-year 2026 dividend forecast to a range of 500 million to 530 million dollars.
Natural gas activity in Israel also expanded, driven by production from the Leviathan reservoir. NewMed Energy reported quarterly revenues of 254 million dollars, with Delek Group’s share of net profit reaching approximately 65 million dollars. Production at Leviathan reached about 2.7 BCM of natural gas during the quarter, representing a 35% increase compared to 2 BCM in the parallel period. Approximately 1.7 BCM of this volume was exported to Egypt. The completion of the third pipeline from Leviathan and the transmission section between Ashdod and Ashkelon increased the reservoir’s production capacity to roughly 15.8 BCM annually.
Isracard Integration
The financial reports also reflected the ongoing contribution of Isracard, which was first consolidated into the group’s reports in the third quarter of 2025. Isracard posted a net profit of approximately 80 million shekels, supported by a credit portfolio that crossed the 13 billion shekel threshold for the first time. Growth was further bolstered by an agreement with El Al, which helped push the total number of FLY CARD cards past a quarter of a million.
