FORMULA SYSTEMS (1985) LTD

Formula Systems (1985) Ltd. announced its 2026 Annual General Meeting of Shareholders (AGM) will be held on July 20, 2026. Shareholders will vote on the re-election of five directors and the re-appointment of Ziv Haft Certified Public Accountants as the independent auditor. The audited financial statements for the year ended December 31, 2025, will also be presented.

Formula Systems reported record-breaking financial results for the first quarter ended March 31, 2026, with revenues reaching $738.3 million, a 19.2% increase year-over-year, and net income attributable to shareholders rising 84.5% to $35.6 million. The company also announced a special cash dividend of $13.045 per share, totaling $200.0 million, following the acquisition of its former subsidiary Sapiens. Additionally, the merger of its subsidiaries Matrix IT and Magic Software Enterprises was completed, and TSG IT Advanced Systems raised approximately $58.9 million through a private placement.

Formula Systems reported record-breaking financial results for the first quarter ended March 31, 2026, with revenues increasing by 19.2% to $738.3 million and net income attributable to shareholders surging by 84.5% to $35.6 million. The company also announced a special cash dividend of $13.045 per share, totaling $200.0 million, following the acquisition of Sapiens International Corporation. Additionally, its subsidiary Matrix IT Ltd. completed a merger with Magic Software Enterprises Ltd., strengthening its international presence and technological capabilities.

Formula Systems (1985) Ltd. announced that its board of directors approved a special cash dividend of $13.045 per share, amounting to approximately $200.0 million in total. This dividend, based on the company's 2025 results and the completion of Sapiens' acquisition by Advent, will be distributed on June 4, 2026, to shareholders of record as of May 25, 2026. CEO Guy Bernstein highlighted the company's strong financial performance and confidence in its strategic execution and investment portfolio.

Formula Systems (1985) Ltd. announced a special cash dividend of $200.0 million, or $13.045 per share, for the year 2025. This decision was influenced by the completion of the acquisition of Sapiens by Advent. The dividend will be paid on June 4, 2026, to shareholders of record as of May 25, 2026, and is subject to Israeli withholding tax.