CENTEF report reveals Hezbollah acquired $157m of weapons in 2024, majority provided freely by Iran

A new report by the Israeli Center for Research of Terror Financing (CENTEF) estimates that Hezbollah acquired $157 million worth of weaponry in 2024, with Iran providing $129 million as an in-kind grant. The group spent $28 million of its own cash on rockets, missiles, drones, and anti-tank guided missiles. The analysis uses historical replenishment rates, Iranian production capacity, and global cost benchmarks to estimate acquisition volumes. CENTEF CEO Sharon Gal stated that analyzing Hezbollah's finances like a business could help identify key supply chains to disrupt.

The Israeli Center for Research of Terror Financing (CENTEF) published a report estimating that Hezbollah acquired $157 million worth of weaponry in 2024, despite its war with Israel. The vast majority — $129 million — was provided by Iran as an in-kind grant at no cost to the group, while Hezbollah spent approximately $28 million of its own cash on acquisitions. The report, titled Hezbollah Financial Statements, is the first in a series examining the group's media spending, payments to wounded fighters, and military infrastructure costs. Researchers used open-source intelligence and valuations of known Hezbollah military assets, estimating acquisition volumes through three methods: historical replenishment rates, Iranian production capacity, and global cost benchmarks. The analysis covers rockets including Katyushas, Falaq-1/2, Burkan, Fajr series, Zelzal-2, and Fateh-110/M-600 missiles, as well as Paveh cruise missiles, anti-tank guided missiles (Kornet, Dehlavieh, Almas, Konkurs/Metis), drones, air-defense systems, and IED-related assets. CENTEF CEO Sharon Gal told the Jerusalem Post that breaking down Hezbollah's finances as a business could help identify key supply chains to disrupt. Researcher Marc Cohen noted plans for an interactive tool to raise awareness of Hezbollah's impact on the Lebanese economy.