Gas filling stations, energy & retail
Paz exits 2025 with a flatter-looking headline, but stronger business economics. Reported net profit fell to NIS 578 million, while recurring net profit rose to NIS 518 million, segment EBITDA climbed to NIS 1.318 billion, and the company now looks more like a transport, retail,…
Paz already proved in 2025 that its transport segment can lift gross profit and EBITDA without an internal refining layer. The December 2025 agreements with Ashdod Refinery and Bazan reduce supply risk and diversify procurement, but they do not rebuild refinery economics, and th…
Paz's real-estate layer is no longer just backup value. By the end of 2025 it rested on a portfolio of 228 to 229 assets, fair value of about NIS 3.15 to 3.2 billion, and total NOI of NIS 211 million. But only NIS 60 million of that NOI comes from third parties, so a large share…
