REG - CML Microsystems PLC - AGM Statement

CML MicrosystemsAnnouncement

Tue 07:02

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RNS Number : 9148T  CML Microsystems PLC  05 August 2025

5 August 2025

CML Microsystems Plc

("CML", the "Company" or the "Group")

AGM Statement

CML Microsystems Plc, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, will hold its Annual General
Meeting today at 9.30am at which Nigel Clark, Non-Executive Chairman, will
provide the following trading update.

Trading update

The Board is pleased to confirm that the Company is on track to meet
management's expectations for the current financial year, and is therefore
expecting to deliver a marginally profitable performance, weighted towards the
second half period.

In recent weeks, the Company announced that it has secured a 12-year design
and supply contract with a value in excess of $30 million across the duration
of the partnership. It has also entered a binding agreement to dispose of
surplus land at its Group headquarters for a total of £7 million to be
received in the current financial year. These very positive developments
strengthen the Company's already robust financial position and underpin
expectations for sustainable growth over the medium term.

The Board remains confident in the Company's strategy and its ability to
deliver value to shareholders and drive the business forward.

 

 CML Microsystems Plc

  Tel: +44(0)1621 875 500
 Chris Gurry, Group Managing Director

Nigel Clark, Non-Executive Chairman

 Shore Capital                           Tel: +44(0)20 7408 4090

 Toby Gibbs

 James Thomas

 Lucy Bowden

 Fiona Conroy (Corporate Broking)

 Alma Strategic Communications           Tel: +44 (0)20 3405 0212

 Josh Royston

 Andy Bryant

 Robyn Fisher

 Emma Thompson

 

 

 

About CML Microsystems Plc

CML develops mixed-signal, RF and microwave semiconductors for global
communications markets. The Group utilises a combination of outsourced
manufacturing and in-house testing with trading operations in the UK, Asia and
USA. CML targets sub-segments within Communication markets with strong growth
profiles and high barriers to entry. It has secured a diverse, blue chip
customer base, including some of the world's leading commercial and industrial
product manufacturers.

The spread of its customers and diversity of the product range largely
protects the business from the cyclicality usually associated with the
semiconductor industry. Growth in its end markets is being driven by factors
such as the appetite for data to be transmitted faster and more securely, the
upgrading of telecoms infrastructure around the world and the growing
prevalence of private commercial wireless networks for voice and/or data
communications linked to the industrial internet of things (IIoT).

The Group is cash-generative, has no debt and is dividend paying.

 

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