New Risk • May 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 147% Dividend yield: 3.2% 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 • May 19
First quarter 2026 earnings released: EPS: ₪0.40 (vs ₪0.34 in 1Q 2025) First quarter 2026 results: EPS: ₪0.40 (up from ₪0.34 in 1Q 2025). Revenue: ₪770.0m (down 4.9% from 1Q 2025). Net income: ₪74.0m (up 16% from 1Q 2025). Profit margin: 9.6% (up from 7.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Partner Communications Company Ltd., Annual General Meeting, Jun 18, 2026 Partner Communications Company Ltd., Annual General Meeting, Jun 18, 2026. Location: co. offices, Israel Declared Dividend • Mar 12
Dividend increased to ₪2.48 Dividend of ₪2.48 is 85% higher than last year. Ex-date: 18th March 2026 Payment date: 29th March 2026 Dividend yield will be 6.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (48% 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. Earnings per share has grown by 72% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 12
Partner Communications Company Ltd., Annual General Meeting, Apr 16, 2026 Partner Communications Company Ltd., Annual General Meeting, Apr 16, 2026. Location: co. offices, Israel Price Target Changed • Mar 11
Price target increased by 16% to ₪42.50 Up from ₪36.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₪41.93. Stock is up 59% over the past year. The company posted earnings per share of ₪1.49 last year. Announcement • Mar 11
Partner Communications Company Ltd. announces Annual dividend, payable on March 29, 2026 Partner Communications Company Ltd. announced Annual dividend of ILS 2.4820 per share payable on March 29, 2026, ex-date on March 18, 2026 and record date on March 18, 2026. Announcement • Feb 23
Partner Communications Company Ltd. to Report Q4, 2025 Results on Mar 10, 2026 Partner Communications Company Ltd. announced that they will report Q4, 2025 results on Mar 10, 2026 Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: ₪0.49 (vs ₪0.46 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.49 (up from ₪0.46 in 3Q 2024). Revenue: ₪784.0m (down 7.9% from 3Q 2024). Net income: ₪90.0m (up 5.9% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 24
Price target increased by 14% to ₪36.50 Up from ₪32.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₪36.26. Stock is up 73% over the past year. The company posted earnings per share of ₪1.49 last year. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪38.50, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 20x in the Wireless Telecom industry in Asia. Total returns to shareholders of 59% over the past three years. Announcement • Nov 03
Partner Communications Company Ltd. to Report Q3, 2025 Results on Nov 16, 2025 Partner Communications Company Ltd. announced that they will report Q3, 2025 results at 12:46 PM, Israel Standard Time on Nov 16, 2025 Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: ₪0.39 (vs ₪0.31 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.39 (up from ₪0.31 in 2Q 2024). Revenue: ₪802.0m (down 2.6% from 2Q 2024). Net income: ₪72.0m (up 26% from 2Q 2024). Profit margin: 9.0% (up from 6.9% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Partner Communications Company Ltd. to Report Q2, 2025 Results on Aug 10, 2025 Partner Communications Company Ltd. announced that they will report Q2, 2025 results at 9:46 AM, Israel Standard Time on Aug 10, 2025 Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Chairman of the Board of Directors Shlomo Rodav was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Partner Communications Company Ltd. to Report Q1, 2025 Results on May 13, 2025 Partner Communications Company Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪22.80, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 16x in the Wireless Telecom industry in Asia. Total loss to shareholders of 9.2% over the past three years. New Risk • Mar 22
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 5.5% 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. Announcement • Mar 13
Partner Communications Company Ltd., Annual General Meeting, May 05, 2025 Partner Communications Company Ltd., Annual General Meeting, May 05, 2025. Location: company offices, Israel Announcement • Mar 11
Partner Communications Company Ltd. Announces Annual Dividend, Payable on March 25, 2025 Partner Communications Company Ltd. announced Annual dividend of ILS 1.3411 per share payable on March 25, 2025, ex-date on March 17, 2025 and record date on March 17, 2025. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: ₪1.49 (vs ₪0.88 in FY 2023) Full year 2024 results: EPS: ₪1.49 (up from ₪0.88 in FY 2023). Revenue: ₪3.32b (flat on FY 2023). Net income: ₪277.0m (up 70% from FY 2023). Profit margin: 8.3% (up from 4.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Partner Communications Company Ltd. to Report Q4, 2024 Results on Mar 09, 2025 Partner Communications Company Ltd. announced that they will report Q4, 2024 results at 12:46 PM, Israel Standard Time on Mar 09, 2025 Price Target Changed • Jan 27
Price target increased by 15% to ₪24.50 Up from ₪21.33, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₪25.42. Stock is up 50% over the past year. The company posted earnings per share of ₪0.88 last year. Announcement • Oct 30
Partner Communications Company Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Partner Communications Company Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Announcement • Jul 21
Partner Communications Company Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Partner Communications Company Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Announcement • May 03
Partner Communications Company Ltd. to Report Q1, 2024 Results on May 20, 2024 Partner Communications Company Ltd. announced that they will report Q1, 2024 results on May 20, 2024 Announcement • Feb 19
Partner Communications Company Ltd. to Report Q4, 2023 Results on Mar 12, 2024 Partner Communications Company Ltd. announced that they will report Q4, 2023 results on Mar 12, 2024 Announcement • Nov 09
Partner Communications Company Ltd. to Report Q3, 2023 Results on Nov 15, 2023 Partner Communications Company Ltd. announced that they will report Q3, 2023 results on Nov 15, 2023 Announcement • Jul 26
Partner Communications Company Ltd. to Report Q2, 2023 Results on Aug 15, 2023 Partner Communications Company Ltd. announced that they will report Q2, 2023 results on Aug 15, 2023 Announcement • Feb 03
Partner Communications Announces the Dismissal of A Motion for the Recognition of A Lawsuit as A Class Action Partner Communications Company Ltd. announced, that, further to the Company's immediate report on November 8, 2020, regarding the receipt of two lawsuits and a motion for the recognition of these lawsuits as class actions, filed against Partner and its subsidiaries in the Tel Aviv-Jaffa District Court, according to which the Respondents charged the customers a fee for an internet access service provider service after they began receiving this service from another company and that the Respondents did not provide the Service, in an over collected amount estimated in the Motion at over ILS 100 million, on February 1, 2023, a verdict was given according to which the Motion is dismissed, while charging the applicants with costs. Announcement • Jan 28
Partner Communications Announces Delisting from Nasdaq and Concentration of Its Share Trading on the Tel Aviv Stock Exchange Partner Communications Company Ltd. ("Partner" or "the Company") announced that it intends to voluntarily delist its American Depositary Shares ("ADSs") from the NASDAQ Global Select Market ("NASDAQ") and concentrate its share trading on one single exchange, the Tel Aviv Stock Exchange ("TASE"). Following the effectiveness of the delisting from NASDAQ, the Company intends to deregister and terminate its reporting obligations with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended ("US Exchange Act"). The Company will maintain the current listing of its shares on TASE, which will become Partner's only official stock exchange listing. The Board of Directors of the Company has determined after extensive consideration that its current dual listing structure, whereby its ADSs are traded on NASDAQ, in addition to the trading of its ordinary shares on TASE, is unnecessary in today's increasingly globalized trading environment, where investors have access to securities in international markets, regardless of where they are listed. Since the vast majority of its equity securities trade on TASE and its operations are substantially all carried out in Israel, it would be prudent for the Company to terminate its listing on NASDAQ. By maintaining one single listing on TASE, the Company will be able to focus even further on its business development, while reducing the costs and challenges to the Company of maintaining a listing in the United States, where the Company's operations are not focused. With the single listing in Tel Aviv, the Company will be subject to TASE's listing rules and the Israeli Securities Law, 5728-1968, its regulations and Israeli Securities Authority's reporting requirements and the high standards of corporate governance prevalent in Israel. The Company's strategy, its operations and its ability to grow its business will not change as a result of the Company concentrating its share trading on a single exchange. The Company anticipates that it will file with the SEC a Form 25 relating to the delisting of its ADSs from trade on NASDAQ on or about February 6, 2023. As a result, the Company expects that the last day of trading of its ADSs on NASDAQ will be no earlier than February 15, 2023. The change to a sole listing on TASE is intended to be effected upon the U.S. delisting, no earlier than February 16, 2023. In addition, the Company intends to terminate the registration of its securities and its reporting obligations under the US Exchange Act. For this purpose, the Company intends to file with the SEC a Form 15F on or about February 16, 2023. Upon such filing, the Company's reporting obligations with the SEC will be suspended immediately. The termination of the Company's registration and reporting obligations is expected to become effective no later than 90 days after such filing if there are no objections from the SEC. No action is required to be taken by ADSs investors at this time. Until such time as the Company may consider terminating its American Depositary Receipt (ADR) program, the ADR program will be maintained by the Depositary, Citibank, N.A. in the U.S. The Company anticipates that following the delisting from NASDAQ, the ADSs will be available for trade in the U.S. Over-The-Counter (OTC) market.