Fintech PR
Israel Corp. Reports Results for Fourth Quarter of 2024

TEL AVIV, Israel, March 27, 2025 /PRNewswire/ — Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) announced today its fourth quarter and annual results for the period ending December 31, 2024.
Selected Financial Figures for the Fourth Quarter 2024: |
||||
$m |
Q3/24 |
Q3/23 |
2024 |
2023 |
ILCO share in ICL profit1 |
30 |
28 |
175 |
282 |
Financing, G&A and other at ILCO headquarter level |
2 |
1 |
– |
(8) |
Tax income (expense) of ILCO Headquarters |
(1) |
(1) |
15 |
(1) |
Net profit to company’s shareholders |
31 |
28 |
190 |
273 |
Liquidity at the ILCO Headquarters Level2
As of December 31, 2024, total financial liabilities were $733 million, and investments in liquid assets amounted to $882 million of which $83 million are pledged deposits.
Net cash1 as of December 31, 2024, totaled $126 million. The net cash includes the fair value of derivatives transactions, which increases the economic value of the financial liabilities by $23 million. As of September 30, 2024, the net cash was $84 million.
Additional updates
On January 21, 2025, following approval by the Company’s Board of Directors, ILCO entered into investment agreements and share purchase agreements with existing shareholders of Prodalim Investments Ltd (“Prodalim”) for a total investment of ~$116m. The transaction was completed on March 5, 2025, ILCO owns 27.5% of Prodalim4. Prodalim is a private company, incorporated in Israel, which is engaged in creating natural solutions for various industries. Its products include concentrates, flavors and fragrances, beverage bases and other natural functional ingredients. In addition, Prodalim is developing innovative activities focused on the emerging world of the de-alcoholization of alcoholic beverages5.
On March 27, 2025, ILCO Board of Directors decided on distribution of dividend at the sum of $15m, this in accordance with the company’s dividend policy announced in January 2023. The record date will be April 9, 2025 and the payment date will be April 21, 2025.
ILCO Total Assets, Net |
|
$m |
31/12/2024 |
Assets |
|
ICL (~567m shares, market value) |
2,799 |
AKVA Group (~6.6m shares, market value6) |
40 |
Other (market value)6 |
13 |
Total Assets |
2,851 |
ILCO’s Net Cash |
126 |
Total Assets, net |
2,977 |
About Israel Corporation
Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) is a reputable public investment company, which owns and invests in high quality companies with established managements and go-to markets.
In November 2019, ILCO announced its updated strategy, ILCO plans to expand its portfolio through new investments over the next few years. ILCO plans to focus mainly on the food (inc. tech), agriculture (inc. tech), healthcare and industry 4.0 sectors. For more details please see the following link to ILCO updated Strategy Presentation
ILCO strives to generate return on its investment through active board participations and its operational and managerial expertise.
ILCO current core holdings include c.44% stake in ICL Group (NYSE:ICL, TASE:ICL) and c.18% stake in AKVA Group (OB:AKVA). ILCO is publicly traded on the Tel Aviv Stock Exchange under the ticker ILCO and is included in the TA-35 Index.
For further information on ILCO, see ILCO’s publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il.
Please also see ILCO company website http://www.israelcorp.com for additional information.
Convenience Translation
The financial information found in this press release is an English summary based on the original Hebrew financial statements and is solely for the convenience of the reader. The binding version is the original in Hebrew.
Forward Looking Statements
This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of ILCO, which may cause actual results to differ materially from those contained in the disclosures.
Investor Relations Contacts
Idan Hizki
Vice President, Business Development & Investor Relations
Tel: +972 3 684 4500
idanh@israelcorp.com
[1] Amortization of excess cost
[2 Israel Corp and its wholly owned and controlled headquarter companies.
[3] Following the end of the quarter, the pledged deposit balance is $10m
[4] On a fully diluted basis
[5] For more details, please see ILCO 2024 financial statements and immediate reports dated March 5, 2025, and January 21, 2025
[6] Includes 1.983m shares in Nordic Aqua Partners (OB:NOAP)
View original content:https://www.prnewswire.co.uk/news-releases/israel-corp-reports-results-for-fourth-quarter-of-2024-302413749.html
Fintech PR
CoinEx Joins Paris Blockchain Week 2025 Strengthening Its Presence in Europe

HONG KONG, April 3, 2025 /PRNewswire/ — CoinEx, a global cryptocurrency exchange, is set to participate in Paris Blockchain Week (PBW) 2025, taking place from April 8 to April 10 in Paris, France. As one of the largest and most influential blockchain events in Europe, PBW attracts Web3 professionals, media, and crypto enthusiasts from across the region. This marks CoinEx’s third consecutive appearance at the event, and this year, the exchange will be joining as a sponsor, further amplifying its brand presence and expanding its local network.
At PBW 2025, CoinEx will host engaging activities, including an interactive quiz and lucky draws, offering attendees the chance to win exclusive CoinEx merchandise. These activities aim to foster community engagement while showcasing the exchange’s commitment to user-centric innovation and accessibility.
As a trading expert, since CoinEx inception in 2017, CoinEx has been dedicated to making crypto trading more accessible to users across the globe. Supporting 18+ languages and serving users in 200+ countries and regions, fostering a thriving community of crypto enthusiasts. With a team of experts from top financial and tech enterprises, CoinEx continuously pushes the boundaries of blockchain innovation to shape the future of Web3. Focusing the efforts on iterating and innovating across multiple product lines and bringing the best product experience to our users. Last year was a year of innovation:
- Product Innovations: Launched Swap, CoinEx Staking, CoinEx Mining, PreToken Trading and Copy Trading meet the diverse trading needs.
- Enhancement: Upgrades security systems, VIP-tier framework, and CET utility systems to create a superior trading environment.
- Education and Empowerment: Introduced CoinEx Insight and CoinEx Academy, offering investment insights.
CoinEx’s participation in PBW 2025 underscores its dedication to the European and French Web3 ecosystem. By deepening connections with local users and industry players, CoinEx remains committed to delivering professional and innovative crypto trading solutions to the region.
About CoinEx
CoinEx is a global cryptocurrency exchange designed with users in mind. Since its launch by the industry-leading mining pool ViaBTC, the platform has been one of the earliest crypto exchanges to release proof-of-reserves to protect 100% of user assets. CoinEx is also home to its native token, CET, which incentivizes user activities while empowering its ecosystem.
Please visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
View original content:https://www.prnewswire.co.uk/news-releases/coinex-joins-paris-blockchain-week-2025-strengthening-its-presence-in-europe-302419628.html
Fintech PR
Hornetsecurity Group to acquire Altospam, a leading French email security provider

Hornetsecurity to further extend its position as a European cybersecurity champion
LILLE, France, April 3, 2025 /PRNewswire/ — Hornetsecurity, a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions, has today announced it has signed a definitive agreement to acquire Altospam, a French email cybersecurity company. The announcement was made at the Forum INCYBER Europe (FIC) in France, where Hornetsecurity has taken over the Zenith de Lille to provide an immersive experience in the 1,800 square meter space.
Closing of the acquisition remains subject to the approval of the French Ministry for the Economy under the French Foreign Direct Investment regulations.
This latest acquisition would complement Hornetsecurity’s strategy to provide European-built cybersecurity solutions to businesses and organisations worldwide, and would further expand the group’s French expertise and footprint following its acquisition of Vade Secure in France last year.
Headquartered in Hannover, Germany, Hornetsecurity is internationally known for its single platform approach, providing a comprehensive suite of solutions for Microsoft 365 via one convenient, central platform, including cybersecurity, backup and GRC as well as security awareness. Headquartered in Bordeaux, France, Altospam is recognised for its expertise in email cybersecurity through its solutions to secure professional emails.
“We are excited to join Hornetsecurity Group, as this enables us to join an exceptional European cybersecurity champion in what is largely a US-centric cybersecurity world,” said Jean-Christian Dumas, CEO at Altospam. “This important milestone will present our partners and customers with a far wider range of robust, AI-powered cybersecurity solutions that have been proudly built in Europe, extending beyond email security to backup and recovery, permission management, compliance and security awareness.”
“We are delighted to welcome Altospam to Hornetsecurity Group,” said Daniel Hofmann, CEO at Hornetsecurity. “As a respected European developer, Altospam’s core goals closely align to Hornestsecurity’s overriding mission to create a safer world through our next-gen, cloud-based cybersecurity services, resulting in overall synergies to the benefit of partners and customers alike.”
He added, “As part of our pan-European approach, we ensure that customer data remains within the borders of their respective countries, safeguarding data sovereignty, security and privacy.”
This transaction is in line with Hornetsecurity’s strategy of product build-up and international expansion. Backed by PSG Equity, TA Associates and Verdane, three leading software and specialist growth investment firms, Hornetsecurity aims to establish itself as a leading international cloud security and compliance software champion.
Financial terms were not disclosed.
About Hornetsecurity Group
Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organisations of all sizes around the world. Its flagship product, 365 Total Protection, is the most comprehensive cloud security solution for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 125,000 customers. For more information, visit www.hornetsecurity.com.
About Altospam
Altospam is a limited liability company founded in June 2002 backed by the investment firm Ciclad since July 2022 and headquartered in Bordeaux, France. An expert in e-mail cybersecurity, Altospam has been developing French solutions to secure professional emails for over 20 years. Distributed on a SaaS model, directly and via a network of partners, its Mailsafe, Mailout and Training solutions today protect thousands of companies and local authorities. The company is 100% French, hosting its solutions on servers located throughout the country, with its support team based in France. For more information, visit www.altospam.com.
Logo: https://mma.prnewswire.com/media/2033076/5248535/Hornetsecurity_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hornetsecurity-group-to-acquire-altospam-a-leading-french-email-security-provider-302418711.html
Fintech PR
Pādel Nuestro Achieves €58 Million in turnover in 2024 and launches global market consolidation plan

MURCIA, Spain, April 3, 2025 /PRNewswire/ — Pādel Nuestro has further manifested itself as the global leader in omnichannel padel equipment distribution. In 2024, the Spain based company closed the year with €58M in turnover and for 2025 it aims to increase this figure by 44%, reaching €80M. With over 80 points of sale worldwide and an international expansion strategy in full swing, the company is reinforcing its commitment to the professionalization and globalization of the sport.
Founded in 2010, Pādel Nuestro’s mission is to offer players of all levels the best service, products and experiences. What started as an e-commerce project has revolutionized the market and has evolved into a full omnichannel model with 23 own international web shops, physical stores in various countries, presences in global and local marketplaces and an international distribution network.
Sascha Beyer Leads Innovation and Global Consolidation
The arrival of Sascha Beyer as CEO in early 2024 marked a milestone for the company and further strengthens Pādel Nuestro’s commitment to consolidation, innovation and expansion. As a former Managing Director of Tennis-Point, Beyer brings extensive experience in larger scale specialty consumer business as well as a broad expertise in international omnichannel rollout, having founded, led and invested in further brands such as Avira, Tennis-People, Synchronica and Maxgate. His clear focus is to create and market products and experiences that make people’s life easier, healthier, and more exciting.
Under his leadership Pādel Nuestro has undergone a major transformation in the past 12 months, restructuring its organization, refining its strategy and positioning itself for the next growth phase.
“Our objectives as the world’s largest padel omnichannel player are clear: to maintain our market leadership, further expand internationally, innovate and consolidate the market and our position. We want to help brands maintain a healthy and profitable business and actively support the growth of the sport beyond Spain, with a strong focus on Europe, the U.S., Latin America and the Middle East. We are also exploring new opportunities in related sports categories, such as Pickleball,“ says Beyer.
Expansion Plans: New Openings and social responsibility
2025 has started strong for the company, with the first quarter already exceeding expectations and supporting the planned growth of 44%. Pādel Nuestro continues to enhance its presence in key markets, with upcoming further store and web shop openings in Europe, the Middle East and the USA.
While strengthening its presence in the main nerve centers of the sport, the company is committed to reducing its environmental footprint and making the sport greener through smart initiatives like ball recycling, racket renewal, green marketing and fair supply chain optimization. Moreover, it maintains its commitment to inclusion, supporting young people and disadvantaged families in accessing padel.
“It is our duty, our passion and our pleasure to serve as many new and existing players and fans as we can in the best way possible to generate an amazing sports experience for all of us” Beyer concludes.
Photo – https://mma.prnewswire.com/media/2656478/Sascha_Beyer.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pdel-nuestro-achieves-58-million-in-turnover-in-2024-and-launches-global-market-consolidation-plan-302418548.html
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