REG - EnSilica PLC - AGM Statement

EnSilicaAnnouncement

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RNS Number : 1591J  EnSilica PLC  27 November 2025

27 November 2025

 

EnSilica plc

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

 

AGM Statement

 

EnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application
Specific Integrated Circuits), is holding its Annual General Meeting ("AGM")
at 10.00 a.m. today. At the meeting, Mark Hodgkins, Chair, will make the
following statement:

 

"I am pleased to report that EnSilica delivered important strategic progress
across the year ended 31 May 2025 (the "Period"), securing six new ASIC design
wins, reflecting both the breadth of customer demand and the strength of our
position within the semiconductor value chain. We also almost doubled our
chip-supply revenue, demonstrating the continued maturing of our production
pipeline as more customer programmes transition from development into volume
delivery.

 

However, we are nonetheless disappointed that overall revenues for the year
declined, driven by customer-induced delays on two contracted projects, which
impacted the timing of our NRE revenues.  As our diverse portfolio of
production programmes continue to build and as the new designs move to
production, we expect our growing supply revenues to provide a natural buffer
against the inherent lumpiness of the NRE revenues.

 

The team continues to deliver strong commercial momentum, with a significant
and growing pipeline of opportunities across the Satellite Communications and
Industrial sectors, alongside increasing adoption of our Post-Quantum
Cryptography IP, which is now embedded across all of our focus markets. Based
on chips already in supply and design contracts already secured, our expected
lifetime production revenues are now estimated at approximately US$250
million, with a further US$469 million of opportunities under active pursuit.
This momentum underpins the Board's confidence in the Group's near- to
medium-term prospects.

 

The Company has continued to make notable customer progress in the high growth
space communications sector. Over the period we were awarded two new
user-terminal feasibility programmes for separate satellite-service operators,
as well as having three ongoing feasibility studies for satellite payload
ASICs. In addition, the Group achieved an important operational milestone,
surpassing 10 million ASICs shipped into a premium automotive OEM's vehicle.

 

We recently announced the award of a UK Government contract to develop a
quantum-resilient secure processor for critical national infrastructure
applications. This programme enables us to advance the core cybersecurity
technologies that underpin our product roadmap across our focus markets and is
another key differentiator for the Company.

 

With recent new business momentum, including the $1.4 million satellite
payload project booked earlier this week and a further €865,000 contract
booked subsequently, the Company now has contracted visibility of more than
95% of FY 2026 consensus revenue forecasts and the Company remains well placed
to achieve our FY 2026 guidance.

 

I would like to extend the Board's sincere thanks to our talented and
dedicated staff across all our design centres worldwide. Their hard work,
diligence and commitment have been fundamental to the progress we have made
and to the opportunities now ahead of us.

 

EnSilica remains well placed as a premier European chipmaker with global reach
as we seek to further capitalise on the continued demand for custom silicon
across our key growth markets."

 

 

 

 EnSilica plc                                                           via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                                 +44 (0)20 7390 0233

 Kristoff Rademan, Chief Financial Officer

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited (Nominated Adviser & Joint Broker)

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                     +44 (0)20 3328 5656

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)          info@allenbycapital.com (mailto:info@allenbycapital.com)

 Panmure Liberum Limited (Joint Broker)

 Edward Mansfield / Will King                                           +44 (0)20 3100 2000

 Vigo Consulting (Investor & Financial Public Relations)                +44 (0)20 7390 0233

 Jeremy Garcia / Anna Stacey                                            ensilica@vigoconsulting.com (mailto:visum@vigoconsulting.com)

 

 

About EnSilica plc

 

EnSilica is a leading fabless design house focused on custom ASIC design and
supply for OEMs and system houses, as well as IC design services for companies
with their own design teams. The company has world-class expertise in
supplying custom RF, mmWave, mixed signal and digital ICs to its international
customers in the automotive, industrial, healthcare and communications
markets. EnSilica has a track record in delivering high quality solutions to
demanding industry standards. The Company is headquartered near Oxford,
UK and has design centres across the UK, India, Brazil and
Hungary.  

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