REG - Filtronic PLC - AGM Trading Update and Notice of Results

FiltronicAnnouncement

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RNS Number : 4006F  Filtronic PLC  30 October 2025

30 October 2025

Filtronic plc

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

AGM Trading Update and Notice of Results

Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF
solutions for the space, aerospace and defence and telecoms infrastructure
markets, is pleased to provide the following update ahead of its Annual
General Meeting being held at 11.00am today.

The start of FY2026 has seen continued progress, as the Company increases the
scalability of the business and capitalises on its long-term growth
opportunities. Filtronic has further strengthened its RF and system
engineering teams, positioning the business to execute on the increased
pipeline of technology and products that match the developing market
opportunities that will drive growth over the next number of years.

Overall, the Group's healthy sales pipeline, increased customer engagement
with both new and existing clients across key markets and robust order book
leave Filtronic in a good position to meet market expectations for the full
year, despite headwinds from weakness of the US dollar against sterling.

In August, Filtronic received its largest order to date from SpaceX, valued at
over £47 million, for the Company's next-generation proprietary Gallium
Nitride ("GaN") E-band product, the first major order utilising this
technology. This builds on Filtronic's long heritage of E-band product
incorporating Gallium Arsenide ("GaAs"), enabling more power and lower energy
loss, which is critical to technological advancements in satellite
communication. Collaboration between the two companies has also broadened into
new areas which highlight the deepening of the relationship and the
collaborative nature of this important partnership.

In July, the Company announced a £13.4 million contract with a leading
European defence prime. Filtronic continues to see improved momentum in the
defence market and expects further growth in this strategically important
sector.

The Company has kept its focus on market relevant product and technology
innovation, supported by a clear technology roadmap that ensures Filtronic
remains at the leading edge of RF and mmWave innovation. The Company is
targeting to launch a range of products based on its very high frequency GaN
technology in calendar year 2026, designed to deliver world-leading power
levels and performance and unlock space ground station opportunities that were
previously unattainable with existing Solid State Power Amplifier ("SSPA")
solutions.

Over the longer term, customers are expressing a growing need for
high-frequency, secure, and resilient communications infrastructure across
many platforms which provide the Group with supportive structural growth
drivers across its key markets. We believe we have exciting products and
capabilities to match this growing need.

Filtronic will announce its half-year results for the six months ended 30
November 2025 on 3 February 2026.

Enquiries:

 

 Filtronic plc                                                              Tel. 01740 618800 or

 Nat Edington (Chief Executive Officer)                                     investor.relations@filtronic.com

 Michael Tyerman (Chief Financial Officer)

 Cavendish Capital Markets Limited                                          Tel. 020 7220 0500
 Jonny Franklin-Adams, Isaac Hooper, Trisyia Jamaludin (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 Alma Strategic Communications                                              Tel. 020 3405 0205 or filtronic@almastrategic.com

                                                                          (mailto:filtronic@almastrategic.com)
 Caroline Forde, Hannah Campbell, Rose Docherty

 

Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation.

 

About Filtronic:

 

Filtronic is at the leading edge of advanced microelectronics globally,
specialising in the design and manufacture of mission-critical communication
networks. Operating from two global manufacturing sites and three engineering
centres of excellence, the company delivers solutions that span the full RF
spectrum. An extensive patent portfolio highlights Filtronic's ongoing drive
for innovation and technological leadership.

With a track record of over 45 years', Filtronic's technology is trusted
across high-performance sectors including space, aerospace, defence, telecoms
infrastructure and critical communications. The company develops core IP
building blocks and transforms them into highly customised solutions for
high-growth target markets. Filtronic's expertise enables seamless data
transmission, delivering greater bandwidth, lower latency and enhanced
connectivity.

 

Filtronic has successfully coupled this engineering expertise with investment
in state-of-the-art production equipment that enables the rapid transition of
a turn-key solution from product development to full scale, high quality
manufacturing, at volume. The strategic markets of LEO space, aerospace and
defence are the focus of current product development programmes, where
Filtronic can add significant value, realise long term sustainable margins and
deliver shareholder value.

Operating globally, Filtronic is headquartered in Sedgefield, UK with both UK
and US manufacturing hubs and a network of global sales offices; Filtronic is
listed on the AIM market of the London Stock Exchange.

 

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