FORMULA SYSTEMS (1985) LTD (FORTY) Form 6-K — May 28, 2026
Formula Systems (FORTY) reported record-breaking first quarter 2026 results, with revenues surging 19.2% year-over-year to $738.3 million and net income attributable to shareholders jumping 84.5% to $35.6 million. The strong performance was driven by robust growth across its key subsidiaries, particularly Matrix IT and TSG IT, with operating income reaching a record $82.0 million, aided by a $16.8 million capital gain from an affiliate transaction. In a significant capital return move, the company announced a special cash dividend of $13.045 per share, totaling approximately $200 million, to be paid on June 4, 2026.
Key figures
- Eps
- 2.25
- Revenue
- 738285000
- Net Income
- 35639000
- Revenue Yoy
- 19.2%
- Total Assets
- 3638146000
- Cash Position
- 1181911000
- Record Date
- 2026-05-25
- Matrix Revenue
- 681600000
- Tsg Capital Gain
- 16800000
- Dividend Pay Date
- 2026-06-04
- Operating Income
- 82005000
- Operating Income Yoy
- 65.6%
- Total Special Dividend
- 200000000
- Matrix Operating Income
- 65100000
- Special Dividend Per Share
- 13.045
- Tsg Private Placement Raise
- 58900000
AI analysis
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