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Phoenix Financial Reports Continued Growth in Q1 2026

Thu, 28 May 2026 08:00:00 -0400

TEL-AVIV, Israel, May 28, 2026 /PRNewswire/ -- Phoenix Financial Ltd., a leading Israel-based financial platform and capital allocator (TASE: PHOE) ("Phoenix," the "Group," or the "Company") today reported its 2026 Q1 results.

Highlights

Comprehensive income growth – Comprehensive income for the first quarter of 2026 was NIS 702 million, 24% higher than the corresponding period last year.

Return on equity (ROE) remained strong – Return on equity for the first quarter of 2026 was 24.1%.

Core income growth continued above expected – Core income for the first quarter of 2026 was NIS 709 million, an increase of more

Phoenix Financial Reports Continued Growth in Q1 2026

Thu, 28 May 2026 08:00:00 -0400

Highlights

Comprehensive income growth – Comprehensive income for the first quarter of 2026 was NIS 702 million, 24% higher than the corresponding period last year.

Return on equity (ROE) remained strong – Return on equity for the first quarter of 2026 was 24.1%.

Core income growth continued above expected – Core income for the first quarter of 2026 was NIS 709 million, an increase of more

Phoenix Financial Reports Continued Growth in Q1 2026

Thu, 28 May 2026 08:00:00 -0400

Highlights

Comprehensive income growth – Comprehensive income for the first quarter of 2026 was NIS 702 million, 24% higher than the corresponding period last year.

Return on equity (ROE) remained strong – Return on equity for the first quarter of 2026 was 24.1%.

Core income growth continued above expected – Core income for the first quarter of 2026 was NIS 709 million, an increase of more

Phoenix Financial Reports Continued Growth in Q1 2026

Thu, 28 May 2026 08:00:00 -0400

Highlights

Comprehensive income growth – Comprehensive income for the first quarter of 2026 was NIS 702 million, 24% higher than the corresponding period last year.

Return on equity (ROE) remained strong – Return on equity for the first quarter of 2026 was 24.1%.

Core income growth continued above expected – Core income for the first quarter of 2026 was NIS 709 million, an increase of more

Scilex subsidiaries agree to $1 billion deal with Phoenix Asia

Tue, 05 May 2026 13:00:40 -0400

Scilex Holding Company (NASDAQ: SCLX) announced that its subsidiaries ACEA Therapeutics Inc. and ACEA Pharma Inc. entered into a stock acquisition agreement with Phoenix Asia Holdings Limited (NASDAQ: PHOE).

Under the agreement, ACEA Therapeutics will sell 100% of ACEA Pharma's equity interests to Phoenix Asia in exchange for 100 million newly-issued ordinary shares at $10.00 per share, valued at $1 billion by the parties.

Phoenix Asia will be renamed ACEA Pharma Inc. following the transaction's completion, with its common stock expected to continue trading on Nasdaq. ACEA Therapeutics anticipates owning approximately 82% of the combined company after closing.

The boards of directors of

Scilex subsidiaries agree to $1 billion deal with Phoenix Asia

Tue, 05 May 2026 13:00:40 -0400

The boards of directors of

Scilex subsidiaries agree to $1 billion deal with Phoenix Asia

Tue, 05 May 2026 13:00:40 -0400

The boards of directors of

Scilex Holding Company Announces Its Subsidiaries, ACEA Therapeutics, Inc. and ACEA Pharma, Inc., Entered into a Definitive Agreement with Phoenix Asia Holdings Limited