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Formula Systems Files Annual Report on Form 20-F for the Year Ended December 31, 2024

1. FORTY filed its annual report on Form 20-F for FY 2024. 2. The report includes audited financial statements for 2024. 3. Shareholders can request a hard copy of the report. 4. FORTY operates in IT consulting and software solutions. 5. Company shares are traded on NASDAQ and TASE.

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FAQ

Why Neutral?

The filing of Form 20-F is standard and does not inherently indicate market performance. Historical filings showed minimal immediate impact on stock prices for similar companies.

How important is it?

The annual report filing is an essential corporate development, but not uniquely impactful. Investors generally await performance indicators rather than procedural filings.

Why Short Term?

The report may influence investor sentiment temporarily but is not a long-term price mover. Similar annual filings often lead to short-term adjustments rather than sustained trends.

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May 19, 2025 03:52 ET  | Source: Formula Systems (1985) Ltd. OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on Wednesday, May 14 2025. The annual report on Form 20-F, which contains Formula’s audited annual financial statements for 2024, can be accessed on the SEC’s website at http://www.sec.gov, as well as via the Company’s investor relations website at https://www.formulasystems.com/en/financial-reports. The Company will deliver a hard copy of its 2024 annual report on Form 20-F, including its complete audited financial statements, free of charge, to its shareholders upon request to Asaf Berenstin, Chief Financial Officer, at asafb@formula.co.il. About Formula Formula, whose ordinary shares are traded on the Tel-Aviv Stock Exchange and ADSs are traded on the Nasdaq Global Select Market, is a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products. To learn more about Formula, visit www.formulasystems.com. Press Contact: Formula Systems (1985) Ltd.+972-3-5389305ir@formula.co.il

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