MTI Wireless Edge - Interim results
17 August 2026
MTI Wireless Edge Ltd
("MTI", the "Company" or the "Group")
Interim results
Double Digit Growth, Strengthening Operating Margin & Positive Business Mix
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to today announce its financial results for the six month period ended 30 June 2026.
Financial highlights - double digit growth at all levels
· 11% growth in revenues to US$26.7m (H1 2025: US$24.1m)
· 21% increase in operating profit to US$3.0m (H1 2025: US$2.5m)
· 28% rise in net profit to US$2.5m (H1 2025: US$2.0m)
· 15% boost to basic earnings per share to 2.88 US cents (H1 2025: 2.50 US cents)
· Continued strong cash position with net cash standing at US$7.7m on 30 June 2026, reflecting high cashflow conversion rate and after a $3.0m dividend payment in April 2026 (net cash at 31 December 2025: $9.4m)
Operational highlights
Antenna division
· The Antenna division is well positioned following the award of a series of significant defence contracts in April 2026. These contracts were secured late in the period and due to this timing, the Antenna division's H1 revenues were 20% below the prior year comparison. Nonetheless, a stronger business mix delivered improved margins, resulting in the division's operating profit broadly in line with H1 2025, excluding a $100,000 bad debt provision made this year. With the benefit of the new contracts, together with a strong existing order backlog, the division is well placed for the second half of the year.
· Reflecting the rise in conflicts globally, defence orders are expected to continue to be the primary driver of future revenues for this division. Order intake has been high from this sector alongside a notable increase in contract values.
Mottech
· Mottech delivered an excellent period of outperformance, with sales increasing 31% and operating profit rising 51% compared with H1 2025. Demand for Mottech's services was particularly strong across international markets with North America, Italy and the Arabian Gulf being key contributors to growth. The division opened a new office in Italy in May. The division is assessing opportunities to bring selected external distribution businesses in-house in key markets, providing the potential to accelerate growth and deepen its market presence. Overall, Mottech is on course to deliver a strong performance for the full year.
MTI Summit
· MTI Summit delivered another strong performance, with sales increasing 18% and operating profit rising 46% compared with H1 2025, reflecting an improved business mix alongside the benefits of greater operational scalability. Importantly, PSK, in which the Group has increased its stake to 60%, has successfully overcome the challenges it faced and has secured a series of valuable new defence contracts, providing a strong platform for future growth. The division continues to have a strong pipeline of future design tenders, underpinning a positive outlook for the remainder of the year.
Moni Borovitz, Chief Executive Officer of MTI Wireless Edge, said:
"I am delighted to report an excellent trading period for the Group. This is clearly demonstrated by the double-digit improvement across all of our trading performance. While defence has been a key driver, given the increase in global tensions and related defence spending, we are a diversified business and in these six months our water control and distribution business, Mottech, was the best performing division.
"This shows the importance of having a diversified business relevant across a variety of sectors. MTI targets several growth markets, and the technology and services we provide are based on our core expertise of sending and receiving information wirelessly and reliably, often in harsh environments.
"We have entered the second half well placed to achieve a good result for the year. We have an extensive backlog of orders, good visibility on future opportunities to tender for new contracts, a strong balance sheet and rising demand across all three divisions."
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Chief Executive's statement
The Group delivered a strong trading performance in the first half of 2026, against a backdrop that continues to create real opportunities across all three divisions of the business. There is ongoing sustained demand across our products and solutions, driven by both higher defence budgets alongside mounting pressure on water security driving investment in smart irrigation, a trend from which Mottech continues to benefit. As a result, MTI achieved double digit growth in revenue, gross margin, operating profit, net profit and earnings per share, with gross margin improving to 33.8% from 32.5%, reflecting a healthy sales mix and improving the Group's earnings growth.
The Group remains focused on its long-standing strategy of maintaining a diversified offering across three divisions, each serving specialised sectors, which has been the foundation of MTI's consistent performance.
Antenna division
This division is a one stop shop for the sale of 'off the shelf' flat and parabolic antennas, combined with the provision of custom-developed antenna solutions to a range of commercial and military customers, with a growing focus on providing 5G backhaul antenna solutions to support mobile phone operators as they roll-out their 5G networks. These are mission-critical products, engineered to send information reliably in unpredictable environments, a quality that continues to underpin demand from military and commercial customers alike.
The Antenna division has been extremely successful in securing a series of new orders in total worth approximately $6 million with the vast majority due over the next 18 months; these contracts were won in April 2026, which will result in a second-half weighted revenue split this year. Notwithstanding the second-half weighting in revenue, operational profitability was broadly maintained relative to the prior year, reflecting an improved gross margin derived from military and ABS® antenna sales.
In December 2025, the division achieved AS9100D certification, the internationally recognised quality standard for the aerospace and defence sector, which has visibly strengthened MTI's ability to tender for higher value airborne defence contracts, an area of the market experiencing significant growth as governments invest in next generation military hardware.
Sales of the division's innovative ABS® antenna solution, which forms part of the Company's 5G backhaul offering, remained strong and were a key driver of profitability during the period. This was further supported by a significant new customer win for the ABS® antenna solution during the six months, strengthening the division's position as the leading provider of this technology to Western customers. The benefits of this win are expected to be reflected in future periods, providing further support for the division's growth prospects.
While E-band 5G backhaul solution sales in India have been slower compared to previous periods, they remain crucial to the leading mobile operators ability to rollout their 5G networks, and the potential therefore for this market remains unchanged albeit hard to predict.
Water Control & Management division
This division provides wireless control systems to manage irrigation and water distribution for agriculture, municipal authorities and commercial entities. It operates under the Mottech brand and utilises part of the hardware technology from Motorola, integrated with the Company's own proprietary hardware and management software.
Mottech delivered a strong increase in revenue, up 31% against the previous period last year, together with a 51% increase in operating profit, making it the leading division in the Group during H1 2026. Water scarcity remains a critical global issue and is driving demand for products which can efficiently manage irrigation and water distribution, creating scope to grow with existing clients and to win new customers in new markets, including a landscape irrigation contract secured in the Arabian Gulf shortly after the period end.
In February 2026, the Group acquired the remaining 50% interest in Mottech Parkland, the now wholly owned Australian subsidiary, which operates in a market projected to reach US$743 million by 2030, at a compound annual growth rate of 22.5%. The Board views full ownership of Mottech Parkland as timely, positioning the Group to actively pursue opportunities in this fast-growing market.
In May 2026, Mottech Italy was established to build on current momentum and exploit opportunities to secure further recurring revenue generating contracts. Elsewhere, the division is also assessing opportunities to bring selected external distribution businesses in-house, providing the potential to accelerate growth and deepen its market presence.
Distribution & Professional Consulting Services division
Operating under the MTI Summit Electronics brand, this division exclusively represents international suppliers of radio frequency/microwave components and sells these products to Israeli customers, while also acting as a consultant to both suppliers and customers on complete radio frequency/microwave solutions.
MTI Summit continued to perform very strongly, with revenue up 18% year on year and operating profit up 46% year on year. This performance was again driven by a favourable product mix and the increasing scalability of the division, underlining the consistency of its operating model. Within the division, PSK continued to build its order book, securing a US$2.2m contract to supply communications infrastructure to the Israeli Ministry of Defence, the scope of which was subsequently expanded to approximately US$4.5m. This illustrates the growing demand for PSK's capabilities within the defence sector, and the division looks ahead with confidence as more opportunities arise and further strengthen an already robust order pipeline.
Outlook
Against an uncertain geopolitical backdrop, increased defence spending is likely to remain a global priority, resulting in further strategic momentum for MTI. Trading in Q3 has started well, with activity weighted towards the delivery of orders already secured, and this provides the Board good visibility on the Group's performance for the year.
MTI enters the second half of the year in a position of real strength. It is a diversified business, with a robust balance sheet and three divisions each pursuing clear objectives. Supported by a healthy pipeline of opportunities, the Board remains confident that the Group will continue to trade in line with market expectations for the full year.
About MTI Wireless Edge Ltd. ("MTI")
Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:
Antenna division
MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 174 GHz.
Internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commercial and military applications.
MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station and terminals for the utility market.
Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.
Water Control & Management division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI provides high-end remote control and monitoring solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.
As Motorola's global prime-distributor Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, increase crops quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.
Distribution & Professional Consulting Services division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
Six month period ended
June 30,
Year ended December 31,
2026
2025
2025
U.S. $ in thousands
(Except per share data)
Unaudited
Revenues
26,709
24,138
51,476
Cost of sales
17,682
16,299
34,751
Gross profit
9,027
7,839
16,725
Research and development expenses
619
540
1,166
Distribution expenses
1,873
1,772
3,642
General and administrative expenses
3,520
3,040
6,121
Profit from sale of property, plant and equipment
4
-
15
Profit from operations
3,019
2,487
5,811
Finance expenses
391
282
446
Finance income
(245)
(63)
(45)
Profit before income tax
2,873
2,268
5,410
Income tax expenses
345
295
751
Profit
2,528
1,973
4,659
Other comprehensive income (loss) net of tax:
Items that will not be reclassified to profit or loss:
Re-measurement of defined benefit plans
-
-
(55)
Items that may be reclassified to profit or loss:
Adjustment arising from translation of financial statements of foreign operations
284
10
256
Total other comprehensive income (loss)
284
10
201
Total comprehensive income
2,812
1,983
4,860
Profit (loss) attributable to:
Owners of the parent
2,485
2,159
5,047
Non-controlling interests
43
(186)
(388)
2,528
1,973
4,659
Total comprehensive income (loss) attributable to:
Owners of the parent
2,769
2,169
5,248
Non-controlling interests
43
(186)
(388)
2,812
1,983
4,860
Earnings per share (dollars)
Basic (dollars per share)
0.0288
0.0250
0.0586
Diluted (dollars per share)
0.0286
0.0249
0.0583
Weighted average number of shares outstanding
Basic
86,197,307
86,195,724
86,195,724
Diluted
86,835,934
86,608,765
86,510,376
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
CHANGES IN EQUITY
For the six month period ended June 30, 2026 (Unaudited):
Attributable to owners of the parent
Share capital
Additional paid-in capital
Translation differences
Retained earnings
Total attributable to owners of the parent
Non-controlling interest
Total equity
U.S. $ in thousands
Balance at January 1, 2026
209
22,098
(359)
8,931
30,879
663
31,542
Changes during the six month period
ended June 30, 2026:
Comprehensive income
Profit for the period
-
-
-
2,485
2,485
43
2,528
Other comprehensive income
Translation differences
-
-
284
-
284
-
284
Total comprehensive income for the period
-
-
284
2,485
2,769
43
2,812
Exercise of options to share capital
*
15
-
-
15
-
15
Share based payment
-
20
-
-
20
-
20
Dividend
-
-
-
(3,010)
(3,010)
-
(3,010)
Acquisition of
-
-
-
-
-
(480)
(480)
Balance at June 30, 2026
209
22,133
(75)
8,406
30,673
226
30,889
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
CHANGES IN EQUITY
For the six month period ended June 30, 2025 (Unaudited):
Attributable to owners of the parent
Share capital
Additional paid-in capital
Translation differences
Retained earnings
Total attributable to owners of the parent
Non-controlling interest
Total equity
U.S. $ in thousands
Balance at January 1, 2025
209
22,002
(615)
6,861
28,457
1,051
29,508
Changes during the six month period
ended June 30, 2025:
Comprehensive income
Profit (loss) for the period
-
-
-
2,159
2,159
(186)
1,973
Other comprehensive income
Translation differences
-
-
10
-
10
-
10
Total comprehensive income (loss) for the period
-
-
10
2,159
2,169
(186)
1,983
Share based payment
-
54
-
-
54
-
54
Dividend
-
-
-
(2,922)
(2,922)
-
(2,922)
Balance at June 30, 2025
209
22,056
(605)
6,098
27,758
865
28,623
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the year ended December 31, 2025 :
Attributable to owners of the parent
Share capital
Additional paid-in capital
Translation differences
Retained earnings
Total attributable to owners of the parent
Non-controlling interests
Total equity
U.S. $ in thousands
Balance as at January 1, 2025
209
22,002
(615)
6,861
28,457
1,051
29,508
Changes during 2025:
Comprehensive income
Profit (loss) for the year
-
-
-
5,047
5,047
(388)
4,659
Other comprehensive income (loss)
Remeasurements on defined benefit plans
-
-
-
(55)
(55)
-
(55)
Translation differences
-
-
256
-
256
-
256
Total comprehensive income (loss) for the year
-
-
256
4,992
5,248
(388)
4,860
Dividend
-
-
-
(2,922)
(2,922)
-
(2,922)
Share based payment
-
96
-
-
96
-
96
Balance as at December 31, 2025
209
22,098
(359)
8,931
30,879
663
31,542
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
30.06.2026
30.06. 2025
31.12. 2025
U.S. $ in thousands
Unaudited
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
8,216
5,501
9,547
Trade and other receivables
15,226
14,017
14,852
Unbilled revenue
6,925
5,003
6,674
Current tax receivables
695
402
618
Inventories
6,590
9,119
7,339
37,652
34,042
39,030
NON-CURRENT ASSETS:
Long term prepaid expenses
51
35
75
Property, plant and equipment
5,223
5,504
5,399
Deferred tax assets
1,442
1,331
1,304
Intangible assets
3,087
3,375
3,289
9,803
10,245
10,067
Total assets
47,455
44,287
49,097
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
30.06.2026
30.06.2025
31.12.2025
U.S. $ In thousands
Unaudited
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current maturities and short term bank credit and loans
398
317
64
Trade payables
6,309
7,663
7,057
Other accounts payable
6,983
4,894
7,528
Contingent consideration
853
Current tax payables
596
438
562
15,139
13,312
15,211
NON- CURRENT LIABILITIES:
Contingent consideration
-
837
853
Lease liabilities
420
580
545
Loans from banks, net of current maturities
83
110
114
Employee benefits, net
914
825
832
1,417
2,352
2,344
Total liabilities
16,556
15,664
17,555
EQUITY
Equity attributable to owners of the parent
Share capital
209
209
209
Additional paid-in capital
22,133
22,056
22,098
Translation differences
(75)
(605)
(359)
Retained earnings
8,406
6,098
8,931
30,673
27,758
30,879
Non-controlling interest
226
865
663
Total equity
30,899
28,623
31,542
Total equity and liabilities
47,455
44,287
49,097
August 16, 2026
Date of approval of financial statements
Moshe Borovitz
Chief Executive Officer
Elhanan Zeira
Controller
Amalia Borovitz Bryl
Chairperson of the Board
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
CASH FLOWS
Six month period ended
June 30,
Year ended December 31,
2026
2025
2025
U.S. $ in thousands
Unaudited
Cash Flows from Operating Activities:
Profit for the period
2,528
1,973
4,659
Adjustments for:
Depreciation and amortization
705
563
1,184
Equity settled share-based payment expense
20
54
96
Loss (Gain) from sale of property, plant and equipment
13
134
(15)
Finance (income) expenses, net
27
53
40
Changes in Contingent consideration
-
-
16
Tax expenses
345
295
751
Changes in operating assets and liabilities:
Decrease (increase) in inventories
831
(820)
1,051
Decrease (increase) in trade receivables
(622)
1,758
1,332
Decrease in other accounts receivables
645
905
689
Increase in unbilled revenues
(251)
(1,803)
(3,474)
Increase (decrease) in trade and other accounts payables
4
(1,482)
(258)
1,574
Increase in employee benefits, net
82
55
7
Cash from operations
2,841
2,909
7,910
Interest received
57
19
30
Interest paid
(49)
(54)
(88)
Income tax paid, net
(505)
(341)
(850)
Net cash provided (used) by operating activities
2,344
2,533
7,002
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
INTERIM CONSOLIDATED STATEMENTS OF
CASH FLOWS
Six month period ended
June 30,
Year ended December 31,
2026
2025
2025
U.S. $ in thousands
Unaudited
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment
32
-
40
Purchase of property, plant and equipment
(280)
(369)
(540)
Net cash used in investing activities
(248)
(369)
(500)
Cash Flows from Financing Activities:
Dividend
(3,010)
(2,922)
(2,922)
Payments of lease liabilities
(314)
(176)
(355)
Acquisition of the non-controlling interest in subsidiary
(480)
-
-
Receipt of loans from banks
334
122
150
Exercise of option to shares
15
-
-
Repayment of long-term loans from banks
(33)
(8)
(220)
Net cash provided by /(used in) financing activities
(3,488)
(2,984)
(3,347)
Increase/(Decrease) in cash and
cash equivalents during the period
(1,392)
(820)
3,155
Cash and cash equivalents
at the beginning of the period
9,547
6,269
6,269
Exchange differences on balances of cash and
cash equivalents
61
52
123
Cash and cash equivalents
at the end of the period
8,216
5,501
9,547
The accompanying notes form an integral part of the financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
Note 1 - General:
Corporate information:
M.T.I Wireless Edge Ltd. (hereafter - the "Company", or collectively with its subsidiaries, the "Group") is an Israeli corporation. The Company was incorporated under the Companies Act in Israel on December 30, 1998 and commenced operations on July 1, 2000. Since March 2006, the Company's shares have been traded on the AIM market of the London Stock Exchange.
The formal address of the Company is 11 Hamelacha Street, Afek industrial Park, Rosh-Ha'Ayin, Israel.
The Company and its subsidiaries are engaged in the following areas:
- Development, design, manufacture and marketing of antennas for the military and civilian sectors.
- A leading provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies.
- Providing consulting, representation and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services.
- Development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.
Note 2 - Significant Accounting Policies:
The interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for the preparation of financial statements for interim periods, as prescribed in International Accounting Standard No. 34 ("Interim Financial Reporting").
The interim consolidated financial information set out above does not constitute full year-end accounts within the meaning of Israeli Companies Law. It has been prepared on the going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS). Statutory financial information for the financial year ended December 31, 2025 was approved by the board on 3 March 2026. The report of the auditors on those financial statements was unqualified.
The interim consolidated financial statements as of June 30, 2026 have not been audited.
The interim consolidated financial information should be read in conjunction with the annual financial statements as of December 31, 2025 and for the year then ended and with the notes thereto. The significant accounting policies applied in the annual financial statements of the Company as of December 31, 2025 are applied consistently in these interim consolidated financial statements.
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
Note 3 - REVENUES:
Six month period ended
June 30,
Year ended December 31,
2026
2025
2025
U.S. $ in thousands
Unaudited
Revenues arise from:
Sale of goods*
20,130
17,189
35,562
Rendering of services**
3,728
3,120
7,216
Projects**
2,851
3,829
8,698
26,709
24,138
51,476
(*) at point in time
(**) over time
Note 4 - operating SEGMENTS:
The following tables present revenue and profit information regarding the Group's operating segments for the six month period ended June 30, 2026 and 2025 respectively and for the year ended December 31, 2025.
Six month period ended June 30, 2026 (Unaudited):
Antennas
Water Solutions
Distribution & Consultation Services
Adjustment & Elimination
Total
U.S. $ in thousands
Revenues
External
6,630
10,895
9,184
-
26,709
Intersegment
-
-
107
(107)
-
Total
6,630
10,895
9,291
(107)
26,709
Segment profit
596
1,230
1,032
161
3,019
Finance expense, net
146
Tax expenses
345
Profit
2,528
June 30, 2026:
Antennas
Water Solutions
Distribution & Consultation Services
Adjustment & Elimination
Total
U.S. $ in thousands
Segment assets
15,359
15,132
14,795
-
45,286
Unallocated assets
2,169
Segment liabilities
5,902
5,571
4,310
-
15,783
Unallocated liabilities
773
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
Note 4 - operating SEGMENTS:
Six month period ended June 30, 2025 (Unaudited):
Antennas
Water Solutions
Distribution & Consultation Services
Adjustment & Elimination
Total
U.S. $ in thousands
Revenues
External
8,239
8,311
7,588
-
24,138
Internal
29
-
285
(314)
-
Total
8,268
8,311
7,873
(314)
24,138
Segment profit
696
814
708
269
2,487
Finance expense, net
219
Tax expenses
295
Profit
1,973
June 30, 2025:
Antennas
Water Solutions
Distribution & Consultation Services
Adjustment & Elimination
Total
U.S. $ in thousands
Segment assets
16,220
12,454
13,363
-
42,037
Unallocated assets
2,250
Segment liabilities
5,145
3,944
5,619
-
14,708
Unallocated liabilities
956
Year ended December 31, 2025
Antennas
Water Solutions
Distribution & Consultation
Eliminations
Total
U.S. $ in thousands
Revenues
External
15,621
18,504
17,351
-
51,476
Inter-segment
-
-
403
(403)
-
Total
15,621
18,504
17,754
(403)
51,476
Segment profit
1,512
1,864
1,990
445
5,811
Finance expenses, net
401
Profit before tax
5,410
Tax expenses
751
Profit
4,659
MTI WIRELESS EDGE LTD.
(An Israeli Corporation)
Note 4 - operating SEGMENTS:
December 31, 2025:
Antennas
Water Solutions
Distribution & Consultation
Eliminations
Total
U.S. $ in thousands
Segment assets
16,786
14,245
15,851
-
46,882
Unallocated assets
2,215
Segment liabilities
5,078
4,667
6,892
-
16,637
Unallocated liabilities
918
Note 5 - SIGNIFICANT EVENTS:
A. The Board of directors declared a cash dividend of 3.4 US cents per share being approximately $3,010,000. This dividend was paid on 14 April 2026 to shareholders on the register at the close of trading on 27 March 2026.
B. The financial statements for the year ended 31 December 2025 were authorized for issue by the board as a whole following their approval on 3 March 2026.
C. On 24 January 2019, the Company announced a share repurchase program to conduct market purchases of ordinary shares of par value 0.01 Israeli Shekels each ("Ordinary Shares") in the Company up to a maximum value of £150,000 (the "Programme"). Thereafter, the board of directors of the Company and the board of directors of MTI Engineering have decided to continue with the Programme for several further periods and to increase the maximum value of the Programme up to £1,000,000, plus any additional funds received from dividends or profits from selling the shares, although the current intention is to hold the Ordinary Shares purchased for a longer period of time. The Programme is currently in place until the end of March 2027 and as at 30 June 2026, 2,343,000 Ordinary Shares were held in treasury under the Programme.
D. On 9 February 2026, Mottech Water Solutions acquired the remaining 50% interest in its Australian subsidiary Mottech Parkland (Pty) Ltd. (Mottech Parkland) for AUD550,000 and is now the sole owner of Mottech Parkland (Pty) Ltd.
E. During January to June 2026, employees of the Company exercised options over 30,000 Ordinary Shares in exchange for a total consideration of approximately $15,000. There are currently 1,870,000 share options granted under the current employee share option plan of the Company with 920,000 being fully vested.
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