Partner's net profit rises 12%; company advances with special dividend distribution of NIS 500 million

Partner Communications reported its third-quarter results with a 5.7% increase in revenue to NIS 829 million and a 12.2% rise in net profit to NIS 101 million. The board approved a special dividend of NIS 500 million, to be financed through a new bond issuance.

Partner Communications published its third-quarter 2026 reports, showing a 5.7% increase in revenue to NIS 829 million and a 12.2% rise in net profit to NIS 101 million. The company notes that this is a peak in profitability indices in about 14 years. Meanwhile, the board approved a special dividend of NIS 500 million, not from company profits, to be financed through a new bond series of up to NIS 750 million. The main beneficiary is the largest shareholder, the Ampisa Group (21.2%), whose share will reach about NIS 106 million. Partner CEO Avi Gabbay stated that the company operates according to the "triangle" concept – good for customers, employees, and shareholders. The cellular segment recorded NIS 381 million in service revenue and another NIS 128 million from equipment sales, and the number of cellular subscribers exceeded 2.7 million. However, adjusted free cash flow dropped 66% to NIS 43 million, due to equipment procurement for the Accountant General's tender.