Cellcom Posts Highest Net Profit in the Last Decade

Cellcom's net profit in the first quarter of 2025 was NIS 60 million, compared to NIS 7 million in the same quarter last year ● The reasons: increase in the number of customers in all sectors of activity and decrease in intercompany expenses

The cellular company recorded a net profit of NIS 60 million in the first quarter - an 8.5-fold increase compared to the corresponding quarter, in which a provision of NIS 35 million was recorded as part of a new collective agreement; the increase is attributed to growth in cellular sales and 5G services, as well as a sharp increase in sales of end equipment; revenues climbed 2.2% to NIS 1.1 billion