Direct Finance (Mimun Yashir) summarizes Q2 2026

• Net income in Q2 reached an all-time high of ~NIS 74.3 million — growth of ~324% YoY; net income attributable to shareholders totaled ~NIS 68.7 million — growth of ~329%
• Net income of the auto-loan segment in Q2 totaled ~NIS 37.4 million — growth of ~400% YoY
• Net income of the mortgage company in Q2 totaled ~NIS 37 million — growth of ~267% YoY
• Loan originations to customers in Q2 totaled ~NIS 3.14 billion — growth of ~29% YoY
• The company announced a dividend distribution of ~NIS 48.1 million in respect of Q2 profits

Direct Finance (Mimun Yashir) today published its Q2 2026 financial results, including the highest quarterly net income in the company’s history. Net income totaled ~NIS 74.3 million (~324% growth), net income attributable to shareholders totaled ~NIS 68.7 million (~329% growth), and loan originations to customers totaled ~NIS 3.14 billion (~29% growth). Both operating segments contributed to the results: the auto-loan segment posted net income of ~NIS 37.4 million (~400% growth), and the mortgage company recorded net income of ~NIS 37 million (~267% growth), partly thanks to the completion, for the first time, of a second-lien mortgage securitization. The company announced a dividend distribution of ~NIS 48.1 million (~NIS 16.26 per share) in respect of Q2 profits.

We are summarizing Q2 2026 with the highest quarterly net income in Direct Finance’s history. This achievement rests on significant growth in loan originations and in income from finance operations, alongside the downward trend in market interest rates and in debt-raising costs. Both of our operating segments — auto loans and mortgages — delivered strong results in Q2, and we believe in their ability to continue supporting the company’s growth.

In the auto-loan business, over the past year we led moves to improve the operating and business model, reflected in increased loan originations, in operational efficiency thanks to expense cuts, and in a wider financial spread. In parallel, in the mortgage segment we are consistently increasing loan origination volumes and seeing high demand from financial institutions to purchase mortgage portfolios. A particularly notable achievement in Q2 is the completion, for the first time, of a second-lien mortgage securitization — a significant milestone for the company.

In addition, our mortgage company recently signed a non-binding memorandum of understanding to acquire 85% of a non-bank real estate credit company. The move is a strategic step in expanding our activity into business credit and creating an additional growth engine.

We also continue to invest in artificial intelligence, working to embed advanced AI tools in our 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 Q2 2026

• Loan originations to customers: Approx. NIS 3.142 billion vs. ~NIS 2.434 billion last year — growth of ~29%.
• Income from finance operations: Approx. NIS 499.9 million vs. ~NIS 396.3 million last year — growth of ~26%.
• Net finance expenses: Approx. NIS 155.2 million vs. ~NIS 147.3 million last year.
• Net income from finance operations: Approx. NIS 344.7 million vs. ~NIS 249.1 million last year — growth of ~38%.
• Credit loss expenses: Approx. NIS 71.8 million vs. ~NIS 78.2 million last year — a decrease of ~8%; weighted credit-loss rate was ~3.04% vs. ~3.85% last year.
• Credit-loss rate — auto segment: Approx. 4.05% vs. ~4.45% last year.
• Credit-loss rate — mortgage company: Approx. 0.31% vs. ~0.13% last year, against growth of ~30% in the average loan portfolio.
• Net income — auto-loan segment: Approx. NIS 37.4 million vs. ~NIS 7.5 million last year — growth of ~400%.
• Net income — mortgage company: Approx. NIS 37 million vs. ~NIS 10.1 million last year — growth of ~267% (including ~NIS 16.8 million from the second-lien mortgage securitization).
• Net income: Approx. NIS 74.3 million vs. ~NIS 17.5 million last year — growth of ~324%. Net income attributable to shareholders: ~NIS 68.7 million vs. ~NIS 16 million last year — growth of ~329%.
• Outstanding loan portfolio (including portfolio assigned to third parties): Approx. NIS 20.2 billion as of June 30, 2026 vs. ~NIS 16.4 billion as of June 30, 2025. The portfolio not assigned to third parties totaled ~NIS 10.3 billion vs. ~NIS 8.7 billion last year.
• Assignment and securitization transactions: In Q2, assignment transactions of ~NIS 1.038 billion were executed in the auto business, as well as a securitization transaction of ~NIS 299 million in the mortgage company.
• Financial spread — mortgage company: Approx. 4.01% as of June 30, 2026 vs. ~4.11% as of June 30, 2025.
• Shareholders’ equity attributable to owners: Approx. NIS 1.421 billion as of June 30, 2026 vs. ~NIS 1.354 billion as of December 31, 2025 — mainly thanks to income of ~NIS 117 million in H1, offset by a dividend of ~NIS 51 million distributed.
• Dividend: The company announced a dividend distribution of ~NIS 48.1 million (~NIS 16.26 per share) in respect of Q2 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 June 30, 2026, Direct Finance’s active loan portfolio totaled ~NIS 20.2 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.