REG - EnSilica PLC - H1 FY 2026 Trading Update

EnSilicaAnnouncement

Wed 07:00

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RNS Number : 8980N  EnSilica PLC  07 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR") AND IS DISCLOSED IN
ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR

 

7 January 2026

EnSilica plc

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

 

H1 FY 2026 Trading Update

 

 

EnSilica plc (AIM: ENSI), a leading fabless chipmaker of mixed signal ASICs
(Application Specific Integrated Circuits), provides the following update on
trading for the six months ended 30 November 2025 ("H1 FY 2026" or the
"Period").

 

H1 FY 2026 Update

 

The Company is pleased to report that it generated solid new business momentum
across the Period alongside producing strong levels of Non-Recurring
Engineering ("NRE") and recurring supply revenue from existing contracts,
delivering revenue growth in excess of 35 per cent during the Period on a like
for like basis.

 

Key highlights include:

 

·      Maintained strategy focus on high-growth, differentiated,
technology-led end markets

·      Increasing traction within the satellite communications, with
expanding customer engagement across user terminals, payloads and resilient
positioning, navigation & timing

·      Increased demand for safe and secure chips, driven by
long-lifecycle systems, regulatory requirements and supply chain resilience

·      EnSilica's Post-Quantum Cryptography (PQC)-ready security IP and
architectures increasingly relevant across satellite, automotive, industrial
and critical infrastructure markets

·      Design and NRE activity remains robust, with new programme wins
contributing alongside existing long-term engagements

·      Strong pipeline of advanced ASIC programmes supporting long-term
growth in chip supply revenues

 

As a result of the strong trading achieved in the Period,  the Board is
confident of the Company achieving H1 FY 2026 revenues of around £12.7
million (H1 FY 2025: £9.3 million) and EBITDA profits of around £1.7 million
(H1 FY 2025: EBITDA loss of £0.2 million), with the significant improvement
in EBITDA profitability driven by the increased levels of NRE and supply
revenues. The Group's cash balance at 30 November 2025 was £2.0 million (31
May 2025: £2.0 million).

 

Outlook

 

The Board remains confident of delivering a substantial increase in revenues
and EBITDA profitability in FY 2026 versus FY 2025 and reiterates its current
guidance for the 12 months ending 31 May 2026 of revenues of between £28
million and £30 million, with more than 95 per cent of revenues already
covered by existing customer contracts, and EBITDA profits of between £3.5
million and £4.5 million.

 

Importantly, the Group's strong NRE order book, coupled with increasing
profits from chip supply activities, is driving a phased reduction in cash
consumption, with the Board anticipating positive monthly cash generation by
the end of calendar year 2026.

 

Ian Lankshear, CEO of EnSilica, commented:

 

"With business already booked to support £28 million to £30 million of
revenue in FY 2026, and with several customer chip tape-outs scheduled for the
second half of the financial year, we expect FY 2026 revenues to be weighted
towards the second half.

 

Looking beyond FY 2026, the depth, quality and duration of our contracted and
pipeline programmes point to a level of long-term value that is not yet fully
evident in our near-term financials. As these programmes progress from design
through tape-out into sustained production, our highly scalable model and
underlying quality of the business will become increasingly apparent."

 

For further information please contact:

 

 EnSilica plc

 Ian Lankshear, Chief Executive Officer                              via Vigo Consulting

 Kristoff Rademan, Chief Financial Officer                           +44 (0)20 7390 0233

 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                                                       ensilica@vigoconsulting.com (mailto:visum@vigoconsulting.com)

 

 

The person responsible for arranging release of this announcement on behalf of
the Company is Ian Lankshear, Chief Executive Officer.

 

About EnSilica plc

 

EnSilica is a fabless, application-specific chipmaker, combining deep domain
and system-level expertise with world-class capability in RF, mmWave,
mixed-signal and complex digital IC design. The Company serves customers
across the communications, industrial, automotive and healthcare markets,
where safety and security and reliability are critical.

 

A growing portfolio of reusable IP and silicon platforms underpins a
repeatable, scalable delivery model, reducing development risk, cost and time
to market while supporting long-term supply revenues. EnSilica has a strong
track record of delivering production-proven silicon to demanding industry
standards. Headquartered near Oxford, UK, the Company operates design centres
across the UK, India, Brazil and Hungary.

 

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