The wind project brought down Energix's profit, and sales did not save Turpaz

Globes covers the third-quarter reports of Energix and Turpaz. Energix's profit plummeted to NIS 16 million due to losses from the wind project in the Golan Heights. Turpaz recorded record revenues of $94 million, but organic growth slowed to 2.4% and its stock fell.

Globes covers the third-quarter 2026 reports of two companies traded on the Tel Aviv Stock Exchange: Energix and Turpaz. The profit attributable to shareholders of Energix plunged to just NIS 16 million, compared to NIS 162 million in the same quarter, mainly due to recognizing losses from the 'Aran' wind turbine project in the Golan Heights, which faced sharp opposition from parts of the Druze population. The company cut its annual revenue forecast to NIS 1,250-1,310 million. Turpaz, a manufacturer of flavor and fragrance extracts, reported record revenues of $94 million, but organic growth slowed to just 2.4%, and its stock fell. Operating profit rose only 3.5%, and its margin dropped to 14.7%.