REG - BATM Advanced Comm - Sale of Non-Core Businesses and Notice of Results

Batm Advanced CommunicationsAnnouncement

24/07/2025 07:00

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RNS Number : 3252S  BATM Advanced Communications Ld  24 July 2025

LEI: 213800FLQUB9J289RU66

24 July 2025

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

Sale of Non-Core Businesses

Notice of Results

 

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network
infrastructure, cybersecurity and diagnostic technologies, is pleased to
announce the sale of three of its non-core businesses as the Group continues
to execute on its strategy to exit its non-core activities and drive focus on
its core strengths of networks, cyber and diagnostics. The Group also gives
notice of its interim results announcement for the six months ended 30 June
2025.

 

Strategic execution - sale of non-core businesses

 

On 30 June 2025, the Group sold two of its non-core businesses, namely
Celitron, its eco-med business in Hungary, and Zer Laboratories, an
administrator of third-party pre-natal diagnostic tests in Israel. The
businesses had been lossmaking for multiple years and the eco-med business had
been classified earlier in the year as a discontinued operation for the
purpose of the Group's financial reporting.

 

The Group had readied these operations for sale and intended to close them, to
preserve the Group's cash resources, if a sale did not occur during 2025. By
securing the sale of these operations, the Group will significantly reduce its
costs and ongoing commitments related to these businesses. The Group has also
received a total of c. $383k in cash in consideration for the disposals.

 

In addition, further to the announcement of 5 March 2025, the Group is pleased
to confirm that the sale of its Progenetics subsidiary was completed by the
end of the first half of 2025 for a total consideration of $2m for the Group's
51% shareholding.

 

Notice of results

 

The Group gives notice that it will announce its interim results for the six
months ended 30 June 2025 on Monday 18 August 2025.

 

Moti Nagar, Chief Executive Officer, and Lior Miles, Chief Financial Officer,
will be hosting a webinar for investors and analysts at 1.00pm BST
on Thursday 21 August 2025. To register to participate or submit a question
in advance, please use the following link: https://forms.gle/8FNaWeZrvnUUyivm9
(https://forms.gle/8FNaWeZrvnUUyivm9)

 

Moti Nagar, Chief Executive Officer of BATM, said: "During the first six
months of 2025, we have worked diligently to secure the sale of three of our
non-core businesses, alongside taking action to drive growth in our core
activities. This is a key part of our strategy to become a focused business
comprising BATM Networks, BATM Cyber and BATM Diagnostics. We are continuing
to pursue further disposals as well as M&A opportunities that will enable
us to accelerate growth in our core divisions. We look forward to updating the
market on our progress in due course."

 

 

Enquiries

 

 BATM
 Moti Nagar, Chief Executive Officer                            +972 9866 2525
 Lior Miles, Chief Financial Officer

 Shore Capital
 Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)  +44 20 7408 4050

 Gracechurch Group
 Harry Chathli, Claire Norbury                                  +44 20 4582 3500

 

Forward-looking statements

This document contains forward-looking statements. Those statements reflect
the current opinions, evaluations and estimations of the Group's management,
and are based on the current data regarding the Group's business as is
detailed in this document and in the Group's periodical, interim and immediate
reports. The Group does not undertake any obligation or make any
representation that actual results and events will be in line with those
statements, and stresses that they may differ materially from those
statements, due to changes in the Group's business, market, competition,
demand for the Group's products or services, general economic factors or other
factors that can influence the Group's business and results, due to the risk
factors that are detailed in the Group's Annual Report, and due to information
and factors that are currently unknown to the Group's management and that, if
known, would affect the management's opinions, evaluations or estimations. The
Group will report the actual results and events according to its legal,
accounting and regulatory obligations, and does not undertake any other
obligation to report them or their deviations from the forward-looking
statements, or to update any of the forward-looking statements in this
document or to report that it is not valid anymore.

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