Announcement • Jun 29
Terminal X Online Ltd., Annual General Meeting, Aug 03, 2026 Terminal X Online Ltd., Annual General Meeting, Aug 03, 2026. Location: co. offices, Israel Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.05 (vs ₪0.04 in 1Q 2025) First quarter 2026 results: EPS: ₪0.05 (up from ₪0.04 in 1Q 2025). Revenue: ₪138.9m (up 23% from 1Q 2025). Net income: ₪5.93m (up 5.4% from 1Q 2025). Profit margin: 4.3% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪7.59, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 25x in the Multiline Retail industry in Asia. Total returns to shareholders of 117% over the past three years. Upcoming Dividend • Apr 06
Upcoming dividend of ₪0.079 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 26 April 2026. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Israeli dividend payers (5.5%). Higher than average of industry peers (2.0%). New Risk • Mar 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 129% Dividend yield: 2.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: ₪0.22 (vs ₪0.20 in FY 2024) Full year 2025 results: EPS: ₪0.22 (up from ₪0.20 in FY 2024). Revenue: ₪560.2m (up 14% from FY 2024). Net income: ₪28.4m (up 13% from FY 2024). Profit margin: 5.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 20
Dividend of ₪0.079 announced Shareholders will receive a dividend of ₪0.079. Ex-date: 13th April 2026 Payment date: 26th April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control, which is less than the 50% EPS growth achieved over the last 5 years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪7.63, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 25x in the Multiline Retail industry in Asia. Total returns to shareholders of 49% over the past three years. New Risk • Dec 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • Nov 27
Upcoming dividend of ₪0.039 per share Eligible shareholders must have bought the stock before 04 December 2025. Payment date: 14 December 2025. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Israeli dividend payers (5.4%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: ₪0.04 (vs ₪0.03 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.04 (up from ₪0.03 in 3Q 2024). Revenue: ₪133.8m (up 23% from 3Q 2024). Net income: ₪4.91m (up 46% from 3Q 2024). Profit margin: 3.7% (up from 3.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 10
Terminal X Online Ltd. to Report Q3, 2025 Results on Nov 24, 2025 Terminal X Online Ltd. announced that they will report Q3, 2025 results on Nov 24, 2025 Announcement • Sep 23
Terminal X Online Ltd. (TASE:TRX) signed a binding agreement to acquire 51% stake in Ronit Yam from Ronit Kopel and Shai Kopel Pliner for ILS 9.2 million. Terminal X Online Ltd. (TASE:TRX) signed a binding agreement to acquire 51% stake in Ronit Yam from Ronit Kopel and Shai Kopel Pliner for ILS 9.2 million on September 21, 2025. As part of consideration, ILS 5.4 million will be paid in cash and ILS 3.8 million will be paid in the form of Earnout related payment based on meeting profit targets for 2025 and 2026. Upon completion, Kopel Pliner will continue to serve as CEO and Ronit Kopel will remain in the role of chief designer of Ronit Yam. For the period ended December 31, 2024, Ronit Yam reported a revenue of ILS 16 million and Net Profit of ILS 3.6 million.
The transaction is expected to close on October 5, 2025. New Risk • Aug 31
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 131% Dividend yield: 3.3% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 25
Upcoming dividend of ₪0.079 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 21 September 2025. Payout ratio and cash payout ratio are on the higher end at 87% and 82% respectively. Trailing yield: 3.6%. Lower than top quartile of Israeli dividend payers (5.5%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₪0.05 (vs ₪0.06 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.05 (down from ₪0.06 in 2Q 2024). Revenue: ₪133.7m (up 15% from 2Q 2024). Net income: ₪6.92m (down 5.4% from 2Q 2024). Profit margin: 5.2% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Terminal X Online Ltd. to Report Q2, 2025 Results on Aug 19, 2025 Terminal X Online Ltd. announced that they will report Q2, 2025 results on Aug 19, 2025 Announcement • Jul 01
Terminal X Online Ltd., Annual General Meeting, Aug 13, 2025 Terminal X Online Ltd., Annual General Meeting, Aug 13, 2025. Location: fox wiezel offices, Israel Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ₪0.04 (vs ₪0.028 in 1Q 2024) First quarter 2025 results: EPS: ₪0.04 (up from ₪0.028 in 1Q 2024). Revenue: ₪112.9m (up 3.4% from 1Q 2024). Net income: ₪5.62m (up 61% from 1Q 2024). Profit margin: 5.0% (up from 3.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Apr 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₪0.20 (vs ₪0.017 loss in FY 2023) Full year 2024 results: EPS: ₪0.20 (up from ₪0.017 loss in FY 2023). Revenue: ₪492.3m (up 16% from FY 2023). Net income: ₪25.2m (up ₪27.3m from FY 2023). Profit margin: 5.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 22
Terminal X Online Ltd. announces Annual dividend, payable on April 23, 2025 Terminal X Online Ltd. announced Annual dividend of ILS 0.1825 per share payable on April 23, 2025, ex-date on April 03, 2025 and record date on April 03, 2025. Announcement • Feb 26
Terminal X Online Ltd. to Report Fiscal Year 2024 Results on Mar 20, 2025 Terminal X Online Ltd. announced that they will report fiscal year 2024 results on Mar 20, 2025 Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: ₪0.03 (vs ₪0.019 loss in 3Q 2023) Third quarter 2024 results: EPS: ₪0.03 (up from ₪0.019 loss in 3Q 2023). Revenue: ₪109.1m (up 20% from 3Q 2023). Net income: ₪3.38m (up ₪5.81m from 3Q 2023). Profit margin: 3.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Terminal X Online Ltd. (TASE:TRX) agreed to acquire 51% stake in Ada Lazorgan Terminal X Online Ltd. (TASE:TRX) agreed to acquire 51% stake in Ada Lazorgan on October 27, 2024. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: ₪0.06 (vs ₪0.021 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.06 (up from ₪0.021 in 2Q 2023). Revenue: ₪116.6m (up 14% from 2Q 2023). Net income: ₪7.31m (up 180% from 2Q 2023). Profit margin: 6.3% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • May 21
Terminal X Online Ltd., Annual General Meeting, Jun 26, 2024 Terminal X Online Ltd., Annual General Meeting, Jun 26, 2024. Location: fox offices airport city, Israel New Risk • Mar 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₪366.5m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 21
Full year 2023 earnings released: ₪0.017 loss per share (vs ₪0.067 loss in FY 2022) Full year 2023 results: ₪0.017 loss per share (improved from ₪0.067 loss in FY 2022). Revenue: ₪423.7m (up 11% from FY 2022). Net loss: ₪2.06m (loss narrowed 75% from FY 2022). Reported Earnings • Nov 29
Third quarter 2023 earnings released: ₪0.019 loss per share (vs ₪0.054 loss in 3Q 2022) Third quarter 2023 results: ₪0.019 loss per share (improved from ₪0.054 loss in 3Q 2022). Revenue: ₪91.1m (up 5.9% from 3Q 2022). Net loss: ₪2.43m (loss narrowed 64% from 3Q 2022). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: ₪0.021 (vs ₪0.02 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.021 (up from ₪0.02 in 2Q 2022). Revenue: ₪102.7m (up 19% from 2Q 2022). Net income: ₪2.61m (up 4.9% from 2Q 2022). Profit margin: 2.5% (down from 2.9% in 2Q 2022). New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (₪333.2m market cap, or US$92.9m). Reported Earnings • Mar 25
Full year 2022 earnings released: ₪0.067 loss per share (vs ₪0.078 loss in FY 2021) Full year 2022 results: ₪0.067 loss per share (improved from ₪0.078 loss in FY 2021). Revenue: ₪383.0m (up 12% from FY 2021). Net loss: ₪8.33m (loss narrowed 3.5% from FY 2021). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₪8.19, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 18x in the Online Retail industry in Asia.