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Blackedge
Company page · Non-bank lending

Blackedge

TASE : BLEGISIN : IL0011723371Headquarters: Bnei BrakIFRS accounts · in ₪M

Blackedge Ltd provides financing for business purposes in Israel. Based in Bnei Brak.

Price₪319.300.0% · session of 12/11/2026
Market cap₪531Mprice × number of shares
Next resultsno later than 30/11/2026Quarterly report
1-year price−7.8% over the period
Analysis in brief · H1 2026

Blackedge: net income sharply down (−63.2%), sales down (−2.6%), operating income sharply down (−60.0%).

  • Net income sharply down

    Net income: ₪6M, vs. ₪17M a year earlier, i.e. −63.2%.

    H1 2026
  • Sales down

    Revenue: ₪55M, vs. ₪57M a year earlier, i.e. −2.6%.

    H1 2026
  • Operating income sharply down

    Operating income: ₪9M, vs. ₪23M a year earlier, i.e. −60.0%.

    H1 2026
  • Cash flow up

    Operating cash flow: ₪27M, vs. ₪24M a year earlier, i.e. +12.6%.

    H1 2026
Built automatically from the published figures.
Valuation

What the market pays, vs. the sector

P/E28.6price / net income over 12 months
P/B2.4market cap / equity
Dividend yield0%dividends over the last 12 months / price
12-month range₪299.50 – ₪374.80monthly closes

This company's valuation multiples history is being built day by day from now on.

P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.

Dividends

Dividend per share, over 5 years

20212022₪4.072023202420252026 (to date)

Total dividends per share paid each calendar year (1 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.

Insiders

Trades by executives and interested parties

12 filing(s) over 12 months · on shares: 11 increase(s) and 0 decrease(s) in holdings.

DateHolderSecurityDirectionQuantityPrice
09/10/2026Yaniv Biton
Director		SharesUp130₪300.40Maya ›
09/07/2026Adva Or Azaria
Executive		OptionsUp10,000—Maya ›
10/06/2026Yaniv Biton
Director		SharesUp750₪331.50Maya ›
08/05/2026Yaniv Biton
Director		SharesUp640₪338.09Maya ›
07/05/2026Yaniv Biton
Director		SharesUp270₪345.00Maya ›
03/04/2026Yaniv Biton
Director		SharesUp580₪312.68Maya ›
12/03/2026Yaniv Biton
Director		SharesUp94,814—Maya ›
05/02/2026Yaniv Biton
Director		SharesUp276₪341.70Maya ›
20/01/2026DORON SAPIR
Director		SharesUp830₪362.40Maya ›
10/12/2025Yaniv Biton
Director		SharesUp1,525₪299.78Maya ›
04/12/2025Yaniv Biton
Director		SharesUp358₪318.11Maya ›
04/12/2025Yaniv Biton
Director		SharesUp358₪318.11Maya ›

Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.

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Every report from a TA-125 company, analyzed the same day: key figures and year-on-year change, analysis in brief, share price reaction. One daily summary during earnings season.

Detailed figures and history
The figures

Financial summary

S1 2026S1 2025FY 2025
Total assets1,0739881,075
Current assets766636784
Non-current assets307352291
Equity222209217
of which minority interests000
Current liabilities597451518
Non-current liabilities254328340
Revenue5557122
Gross profit202753
Operating income92340
Pre-tax income92340
Net income61729
Net income (attributable to shareholders)61729
Dividends paid000
Operating cash flow272447

In millions of shekels. The "H1" columns cover the first six months of the year.

Ratios

Calculated from these figures

S1 2026S1 2025FY 2025
Gross margin35.8%48.3%43.6%
Operating margin16.6%40.5%33.1%
Net margin11.5%30.3%24.2%
Current ratio (current assets / current liabilities)1,3 x1,4 x1,5 x
Equity / total assets20.7%21.2%20.2%

The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.

Company overview

Blackedge Ltd provides financing for business purposes in Israel. It offers financing for residential real estate developers against real estate collateral, including asset and/or project surplus pledges; financing against the receipt of other collateral, such as material collateral, personal guarantees, guarantees from third parties, and current pledges; and credit backed by deferred payments from the credit recipient. The company was formerly known as Michman Finance Ltd and changed its name to Blackedge Ltd in November 2025. Blackedge Ltd was incorporated in 2015 and is based in Bnei Brak, Israel.

Source: official company profile (Yahoo Finance), summary. Website: blackedge.co.il

Sources
Information, no recommendation. This site presents figures published by companies and calculations based on those figures. It is not investment advice, nor a recommendation to buy or sell, nor a valuation of the companies. Always check the original reports.