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The increase in the number of vessels calling at the ports and the growth in the volume of cargo handled, alongside an average tariff update of 1.7%, led to a significant increase in the financial results of the Israel Ports Company (IPC) Group in the first half of 2026:
Service revenues: Totaled NIS 716.4 million - an 11% increase compared to the same period last year (NIS 644.4 million).
Operating profit: Jumped by 52% and totaled NIS 214.4 million (compared to NIS 141.0 million in the corresponding half).
Net profit: Recorded a 90% surge and totaled NIS 168.7 million (compared to NIS 88.6 million in the corresponding period).
Breakdown of revenues from operational activity:
Usage fees: Total revenues from usage fees (variable and fixed) paid by terminal operators and authorized corporations rose by 24% and totaled NIS 232.5 million (approximately 33% of total revenues).
Infrastructure fees: Revenues (mainly derived from container traffic) rose by 6% and totaled NIS 189.0 million (approximately 27% of total revenues).
Land use authorization: Net revenues from granting usage rights in port areas rose by 13% to NIS 149.6 million.
Anchorage and marine services: Revenues for pilotage, towing, and mooring of ships totaled NIS 124.4 million (a slight decrease of 1%).
Port services: Revenues from unique import/export in areas not operated by port companies totaled NIS 53 million (net, after transferring the share of the Ashdod Port Company).
Operational and Strategic Decisions for the Future
As part of improving the national logistics chain and expanding port infrastructure, the company promoted several key operational and statutory decisions:
Preparation for the establishment of dry ports: In accordance with a government decision from May 2026, IPC was authorized to carry out actions for the preparation and establishment of dry ports (inland ports). These dry ports will operate as logistical facilities connected by a direct rail line to the seaports and will serve as a "port hinterland," aiming to alleviate congestion and streamline cargo transport. At this stage, the company is conducting operational, transport, and economic feasibility studies to locate suitable sites.
Approval of National Infrastructure Plan (TTL 118) in Haifa: In July 2026, the Israeli government approved the plan regulating "port" designation for areas covering approximately 2,346 dunams in the Haifa port area. This regulation will allow for the development of additional land and sea operational areas, the issuance of building permits, and the expansion of operational activity.
Financial Stability and Credit Rating: S&P Maalot rating agency reaffirmed the company's rating in June 2026 at ilAAA/ilA-1+ with a stable outlook. IPC maintains high liquidity and a balance of unutilized credit lines totaling NIS 550 million, intended, among other things, for financing port infrastructure development projects.
