Direct Finance (Mimun Yashir) summarizes Q1 2026

• Loan originations to customers in Q1 totaled ~NIS 3.1 billion — growth of ~31% YoY
• Net income from finance operations in Q1 totaled ~NIS 301.8 million — growth of ~41% YoY
• Net income in Q1 totaled ~NIS 53.4 million — growth of ~158% YoY (despite class-action provisions reducing net income by ~NIS 16 million)
• The company announced a dividend distribution of ~NIS 33.7 million in respect of Q1 profits

Direct Finance (Mimun Yashir) today published its Q1 2026 financial results, with significant growth across all key parameters. Loan originations to customers totaled ~NIS 3.1 billion (~31% growth), net income from finance operations grew ~41% to ~NIS 301.8 million, and net income jumped ~158% to ~NIS 53.4 million — despite class-action provisions reducing profit by ~NIS 16 million. The company announced a dividend distribution of ~NIS 33.7 million (~NIS 11.38 per share) in respect of Q1 profits.

We are summarizing Q1 2026 with significant growth in loan originations, in income from finance operations, and in net income. These results were achieved thanks to a series of business moves we led over the past year to improve operational efficiency, cut expenses and reduce debt-raising costs — which drove the sharp growth.

In the auto-loan segment, we presented growth of ~48% in net income and ~27% in loan originations in Q1 vs. the corresponding quarter last year. This is despite the negative impact recorded in March from reduced activity during the ‘Roar of the Lion’ operation. We believe the actions we have taken to strengthen the business focus will continue to support improvement in the auto-segment results.

Our mortgage company continues to be our main growth engine and presented growth of fourfold in net income in Q1 vs. the corresponding quarter last year, partly thanks to strong demand for loans against existing properties from households. In this segment, we are gradually expanding fair-value loan origination and securitization to institutional investors.

In addition, Direct Finance is currently exploring expansion into additional credit areas, including business credit backed by collateral. We believe our knowledge, experience and capabilities in retail credit, with a focus on tight risk management and high debt-raising capability, will support the expansion of our customer mix and product portfolio.

We are also working to embed advanced AI tools in the company’s core systems, with the aim of improving customer handling and internal operations. These tools, combined with the high professionalism of our employees, will allow us to improve productivity and support growth.

Highlights of Q1 2026

• Loan originations to customers: Approx. NIS 3.078 billion vs. ~NIS 2.353 billion last year — growth of ~31%.
• Income from finance operations: Approx. NIS 386.5 million vs. ~NIS 298.7 million last year — growth of ~29%.
• Net finance expenses: Approx. NIS 84.7 million, similar to ~NIS 84.6 million last year.
• Net income from finance operations: Approx. NIS 301.8 million vs. ~NIS 214.1 million last year — growth of ~41%.
• Credit loss expenses: Approx. NIS 73.4 million vs. ~NIS 44.5 million last year; weighted credit-loss rate was ~3.14% vs. ~2.33% last year.
• Credit-loss rate — auto segment: Approx. 4.02% vs. ~3.18% last year.
• Credit-loss rate — mortgage company: Approx. 0.3% vs. ~0.07% last year.
• Net income — auto-loan segment: Approx. NIS 17.9 million vs. ~NIS 12.1 million last year — growth of ~48%.
• Net income — mortgage company: Approx. NIS 35.5 million vs. ~NIS 8.7 million last year — growth of ~310% (including ~NIS 14.3 million from mortgage securitization).
• Net income: Approx. NIS 53.4 million vs. ~NIS 20.7 million last year — growth of ~158%. Net income attributable to shareholders: ~NIS 48.1 million vs. ~NIS 19.4 million last year — growth of ~148%.
• Outstanding loan portfolio (including portfolio assigned to third parties): Approx. NIS 19.2 billion as of March 31, 2026 vs. ~NIS 15.9 billion as of March 31, 2025.
• Assignment and securitization transactions: In Q1, assignment transactions of ~NIS 1.415 billion were executed in the auto business, as well as a securitization transaction of ~NIS 399 million in the mortgage company.
• Shareholders’ equity attributable to owners: Approx. NIS 1.386 billion as of March 31, 2026 vs. ~NIS 1.354 billion as of December 31, 2025.
• Dividend: The company announced a dividend distribution of ~NIS 33.7 million (~NIS 11.38 per share) in respect of Q1 profits; dividend policy stands at up to 70% of net income.

About Direct Finance

Direct Finance (Mimun Yashir), led by Eran Golan, is a public company traded on the Tel Aviv Stock Exchange and one of the leading non-bank consumer credit companies in Israel. The company operates in auto loans and mortgages, and operates the digital platform Carwiz and the leading Israeli automotive content website and magazine “Auto”. As of March 31, 2026, Direct Finance’s active loan portfolio totaled ~NIS 19.2 billion (including loans assigned to third parties). A significant portion of its loans is originated digitally, and the company excels in its technology systems and business innovation, which provide it with great flexibility, the ability to develop innovative products and competitive business advantages.

About Zur Shamir

Zur Shamir is a leading holding company investing in insurance, finance, income-producing real estate and global financial services. The company holds, through Direct Insurance — Financial Investments (88%), ~41% of IDI Insurance, the pioneer of direct insurance in Israel, operating for over 30 years and the largest in its field. In addition, it holds ~44% of Direct Finance, the leading company in auto loans and a growing mortgage lender; ~54% of Adgar, operating in income-producing real estate with assets totaling over NIS 5 billion. Direct Insurance also holds ~98% of Neema, which engages, inter alia, in global financial services including via a money-transfer application.