Partner Communications Company reported strong financial results for 2025, posting growth across all key profitability indicators and achieving its highest profits in more than a decade.
The Israeli telecommunications group said net profit increased by 10% to 304 million shekels, compared with 277 million shekels in the previous year. Operating profit rose by 8% to 433 million shekels, while adjusted EBITDA grew by 3% to 1.224 billion shekels. All three figures represent the company’s best performance in the past 13 years.
Free cash flow also rose sharply, climbing 35% to 386 million shekels – the highest level recorded by the company in eight years.
Company Announces Dividend of NIS 465 Million
Following the strong results, Partner’s board of directors declared a dividend of 465 million shekels, scheduled to be paid on March 29, 2026.
The board also said it would examine the possibility of seeking court approval to distribute an additional dividend of up to 500 million shekels that would not be paid from accumulated profits. The company noted that there is no certainty such a distribution will be approved, nor regarding its final amount or timing.
Partner’s net financial debt fell significantly during the year to 128 million shekels, compared with 254 million shekels in the previous year.
Subscriber Growth Driven by 5G and Fiber Expansion
The company reported growth in several key customer segments during 2025.
Partner’s mobile subscriber base reached approximately 2.678 million users, about 94% of whom are postpaid customers. The company added 47,000 mobile subscribers over the year and 11,000 during the last quarter alone, a trend the company attributed to the launch of its Private 5G network.
The number of 5G subscribers rose to around 839,000.
Average monthly revenue per mobile subscriber (ARPU), excluding service fees, stood at 43 shekels, up from 42 shekels a year earlier. Meanwhile, the mobile subscriber churn rate declined to 19%, compared with 20% in the previous year, marking the lowest churn rate in the industry.
Fiber Network Continues Rapid Expansion
Partner also reported continued growth in its fiber-optic internet service.
The number of fiber subscribers reached 468,000, an increase of 33,000 over the past year and 11,000 compared with the previous quarter.
Overall internet subscribers, including fiber and copper connections, totaled 492,000, representing an annual increase of 18,000 users. Approximately 95% of all internet customers are now connected to fiber infrastructure.
Average monthly revenue per internet subscriber rose to 94 shekels, compared with 90 shekels in the previous year.
The company said it currently offers fiber service to households across Israel where fiber infrastructure exists, representing a potential market of roughly 2.9 million homes.
Television Service Returns to Subscriber Growth
Partner’s television platform also showed signs of recovery.
The number of TV subscribers stood at 202,000 at the end of the year. While this represents a slight annual decline of about 1,000 subscribers, the company added 6,000 subscribers in the final quarter, marking the first quarterly growth in four years.
The improvement followed the launch of the upgraded Partner tv+ service, which includes a redesigned interface and expanded content offering. The rollout began at the end of the third quarter and the upgrade of existing subscribers was completed early in the fourth quarter.
CEO: Investments Driving Growth
Avi Gabbay, chief executive officer of Partner Group, said the results reflect the impact of the company’s investments across its core business areas.
“The results reflect the fruits of our investments in all areas of activity, which have led to growth in the customer base,” Gabbay said.
He also highlighted the company’s ongoing transition away from older mobile technologies.
“The closure of 2G and 3G networks is leading to a significant improvement in the level of service to mobile customers, a process that will strengthen further in the coming quarters,” he said.
According to Gabbay, the company will continue focusing on operational efficiency, technological innovation and improving customer service through artificial intelligence.
“The company’s improvement has led to significant financial strengthening, which allows for the distribution of a significant dividend and the realization of our vision to serve all stakeholders – customers, employees and shareholders,” he added.
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