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REG - MTI Wireless Edge - Q1 2026 Financial Results & Investor Presentation

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RNS Number : 5447F  MTI Wireless Edge Limited  26 May 2026

26 May 2026

MTI Wireless Edge Ltd

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

Q1 2026 Financial Results & Investor Presentation

Good start to 2026 accelerated in April with multiple defence contract wins
worth $9m

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on
comprehensive communication and radio frequency solutions across multiple
sectors, is pleased to announce its financial results for the three-month
period ended 31 March 2026.

Financial highlights - growth continues

·    6% increase in revenues to $12.8m (Q1 2025: $12.0m).

·    21% increase in operating profit to $1.5m (Q1 2025: $1.2m).

·    18% increase in net profit for shareholders in the Company to $1.2m
(Q1 2025: $1.0m).

·    Earnings per share increased by 18% to 1.40 US cents (Q1 2025: 1.18
US cents).

·    Strong financial position with net cash as at 31 March 2026 of $8.5m
(31 December 2025: $9.4m) with the movement in net cash versus the prior
period reflecting particularly strong cash collection in Q4 2025.

Operational highlights

Antennas

·    The Antenna division supplies a wide range of standard flat and
parabolic antennas, as well as bespoke antenna solutions, to commercial and
military customers. It also specialises in 5G backhaul antennas used in mobile
network rollouts.

·    Higher global defence spending drove strong demand for military
antennas increasing the order backlog in April 2026. Military antennas were
the division's main revenue contributor for the quarter, supported by RFID
sales and sales of the innovative ABS® antenna solution as part of the
Company's 5G backhaul offering.

·    Overall, Q1 was a relatively slow period for the Antenna division,
with revenue 20% below the same period last year, held back by lower E-band 5G
backhaul solution sales in India, compared to previous periods.

·    While the timing of new orders remains difficult to predict, the
requirement for MTI's solutions to support leading mobile operators' rollout
of 5G networks is considered unchanged.

Water Control & Management

·    The Water Control & Management division operates under the
Mottech brand and provides wireless control systems to manage irrigation and
water distribution for agriculture, municipal authorities and commercial
entities.

·    Mottech's solutions reduce water and power usage for its customers
whilst generating higher crop yields through more accurate water usage.

·    Revenues in Q1 2026 increased sharply, up 19% versus the same period
last year, with profits also increasing strongly. The positive Q1 performance
was driven mainly by international markets particularly North America, Italy
and the Arabian Gulf.

Distribution & Professional Consulting Services

·    Operates under the MTI Summit Electronics brand and represents
approximately 40 international suppliers of radio frequency/microwave
components, selling these products to Israeli customers.

·    Expert knowledge of both the international suppliers and customers
enables MTI to also act as a consultant to all parties and assist with
devising complete radio frequency/microwave solutions.

·    Revenues increased by 20% in Q1 2026, a much-improved performance
with solid contributions from PSK and the other parts of the division, also
resulting in a good level of profitability.

·    New business wins have created a lengthy backlog of orders for both
the traditional representation business and PSK, which together bode well for
the remainder of 2026.

 

Moni Borovitz, Chief Executive Officer of MTI Wireless Edge, said:

"Overall, this was a strong Q1 performance, particularly from Mottech which
benefitted from an uplift in demand from international customers seeking water
management services. Moving into Q2, we received a record level of defence
related orders worth just over $9 million, the majority of which is expected
to be fulfilled in the current year, adding to a backlog of orders for 2026
that was already high.

While defence orders are likely to continue to be a key driver of revenues in
the short to medium term, the diversification of MTI's operations across
multiple markets is a core strength of the business and all three divisions
continue to contribute positively to the Group's trading performance. Overall,
MTI is in a good position with net cash of $8.5m, a strong balance sheet and a
growing customer base."

Investor Presentation

MTI will be presenting at the Mello London investor event on Wednesday 3 June
2026, to be held at The Clayton Hotel & Conference Centre, Chiswick High
Road, London, W4 5RY.  For further information and tickets (use code
SHAREML25 for 25% off ticket price) for the Mello London conference, please
visit the event website at https://www.melloevents.com/mello2026
(https://protect.checkpoint.com/v2/r02/___https:/www.melloevents.com/mello2026___.YXAxZTpzaG9yZWNhcDpjOm9mZmljZTM2NV9lbWFpbHNfYXR0YWNobWVudDpkNDI0MTM2MmVmOTZhMDFiMDc5MjZlZGE5OGNlYTNjMjo3OjFiMGU6M2VlZDU2MzM5M2FiYzliYTUwNjMxODI5Mzc0ZWY5ZDU5ODZmZTk4YTVlNzQ0Zjg2YzY2MjMwODkwZTM1NmU1NTpwOlQ6Tg)
.

Engage with the MTI Wireless Edge Ltd. management team directly by asking
questions, watching video summaries and seeing what other shareholders have to
say. Navigate to our interactive investor hub
here: http://investors.mtiwirelessedge.com/announcements
(https://protect.checkpoint.com/v2/r02/___http:/investors.mtiwirelessedge.com/announcements___.YXAxZTpzaG9yZWNhcDpjOm9mZmljZTM2NV9lbWFpbHNfYXR0YWNobWVudDpkNDI0MTM2MmVmOTZhMDFiMDc5MjZlZGE5OGNlYTNjMjo3OjE0M2U6MzZlZjg0YzgwZDM0OGJjZjUwMGMzYjVlM2EyNmRmMDdjMGRlMmRlZTQ4MDkyNDJlNmVkZTU4YTQ1NjBjMzZmYjpwOlQ6Tg)
.

 

For further information please contact:

 MTI Wireless Edge Ltd                                        +972 3 900 8900
 Moni Borovitz, CEO                                           http://www.mtiwirelessedge.com
                                                              (https://protect.checkpoint.com/v2/r02/___http:/www.mtiwirelessedge.com___.YXAxZTpzaG9yZWNhcDpjOm9mZmljZTM2NV9lbWFpbHNfYXR0YWNobWVudDpkNDI0MTM2MmVmOTZhMDFiMDc5MjZlZGE5OGNlYTNjMjo3OjYyMjc6NzA3NDVlYWU2ODY2NmU4ZGM0Nzc3NDEwODA0NDkyNjViZjRkZTEzNGY2NDU2OWUwYzNiNzUzODliYWRkMTIzNDpwOlQ6Tg)

 Allenby Capital Limited (Nomad and Joint Broker)             +44 20 3328 5656
 Nick Naylor/Alex Brearley/David Asquith (Corporate Finance)
 Tony Quirke/Amrit Nahal (Sales and Corporate Broking)

 Shore Capital (Joint Broker)                                 +44 20 7408 4090

 Toby Gibbs/George Payne (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 Novella (Financial PR)
 Tim Robertson/Oliver Norton                                  +44 20 3151 7008

 

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

                                                                         Three month period ended                            Year ended December 31,

                                                                          March 31,
                                                                         2026                      2025                      2025
                                                                         U.S. $ in thousands

                                                                                       (Except per share data)
                                                                         Unaudited

 Revenues                                                                12,751                    12,011                    51,476
 Cost of sales                                                           8,467                     8,260                     34,751

 Gross profit                                                            4,284                     3,751                     16,725
 Research and development expenses                                       275                       266                       1,166
 Distribution expenses                                                   879                       862                       3,642
 General and administrative expenses                                     1,628                     1,374                     6,121
 Loss (profit) from sale of property, plant and equipment                (11)                      -                         15

 Profit from operations                                                  1,513                     1,249                     5,811
 Finance expenses                                                        230                       215                       446
 Finance income                                                          (86)                      (36)                      (45)

 Profit before income tax                                                1,369                     1,070                     5,410
 Tax expenses                                                            130                       143                       751

 Profit                                                                  1,239                     927                       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  57                        (26)                      256
 operations

 Total other comprehensive income (loss)                                 57                        (26)                      201

 Total comprehensive income                                              1,296                     901                       4,860

 Profit (loss) attributable to:
 Owners of the parent                                                    1,205                     1,019                     5,047
 Non-controlling interests                                               34                        (92)                      (388)

                                                                         1,239                     927                       4,659
 Total comprehensive income (loss) attributable to:
 Owners of the parent                                                    1,262                     993                       5,248
 Non-controlling interests                                               34                        (92)                      (388)
                                                                         1,296                     901                       4,860

 Earnings per share (dollars)
 Basic (dollars per share)                                               0.0140                    0.0118                    0.0586

 Diluted (dollars per share)                                             0.0139                    0.0118                    0.0583
 Weighted average number of shares outstanding
 Basic                                                                   86,195,724                86,195,724                86,195,724
 Diluted                                                                 86,695,151                86,704,578                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 three month period ended March 31, 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 three month period

     ended March 31, 2026:
 Comprehensive income
 Profit for the period                      -              -                           -                        1,205              1,205                                       34                        1,239
 Other comprehensive income
 Translation differences                    -              -                           57                       -                  57                                          -                         57

 Total comprehensive income for the period  -              -                           57                       1,205              1,261                                       34                        1,265
 Share based payment                        -              10                          -                        -                  10                                          -                         10
 Acquisition of minority holdings           -              -                           -                        -                  -                                           (480)                     (480)

 Balance at March 31, 2026                  209            22,108                      (302)                    10,136             32,150                                      217                       32,367

 

The accompanying notes form an integral part of the financial statements.

 

 

INTERIM CONSOLIDATED STATEMENTS OF

CHANGES IN EQUITY (CONT.)

 

For the three month period ended March 31, 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 three month period

     ended March 31, 2025:
 Comprehensive income
 Profit for the period                        -              -                           -                        1,019              1,019                                       (92)                      927
 Other comprehensive income
 Translation differences                      -              -                           (26)                     -                  (26)                                        -                         (26)

 Total comprehensive income for the period    -              -                           (26)                     1,019              993                                         (92)                      901
 Acquisition and disposal of treasury shares  -              27                          -                        -                  27                                          -                         27

 Balance at March 31, 2025                    209            22,029                      (641)                    7,880              29,477                                      959                       30,436

 

The accompanying notes form an integral part of the financial statements.

 

 

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (CONT.)

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

 

                                31.03.2026        31.03. 2025        31.12. 2025
                                U.S. $ in thousands
                                Unaudited
 ASSETS
 CURRENT ASSETS:
 Cash and cash equivalents      8,702             8,467              9,547
 Trade and other receivables    15,833            13,733             14,852
 Unbilled revenue               6,746             3,748              6,674
 Current tax receivables        620               341                618
 Inventories                    6,723             8,963              7,339

                                38,624            35,252             39,030

 NON-CURRENT ASSETS:
 Long term prepaid expenses     52                34                 75
 Property, plant and equipment  5,363             5,463              5,399
 Deferred tax assets            1,336             1,303              1,304
 Intangible assets              3,128             3,321              3,289

                                9,879             10,121             10,067

 Total assets                   48,503            45,373             49,097

 

The accompanying notes form an integral part of the financial statements.

 

INTERIM CONSOLIDATED STATEMENTS OF

FINANCIAL POSITION

                                                          31.03.2026        31.03.2025              31.12.2025
                                                          U.S. $ In thousands
                                                          Unaudited
 LIABILITIES AND EQUITY
 CURRENT LIABILITIES:
 Current maturities and short term bank credit and loans  64                340               64
 Trade payables                                           6,840             7,497             7,057
 Other accounts payable                                   6,573             4,464             7,528
 Current tax payables                                     361               349               562

                                                          13,838            12,650            15,211

 NON- CURRENT LIABILITIES:
 Contingent consideration                                 853               837               853
 Lease liabilities                                        493               605               545
 Loans from banks, net of current maturities              92                73                114
 Employee benefits, net                                   859               772               832

                                                          2,297             2,287             2,344

 Total liabilities                                        16,135            14,937            17,555

 EQUITY
 Equity attributable to owners of the parent
 Share capital                                            209               209               209
 Additional paid-in capital                               22,108            22,029            22,098
 Translation differences                                  (302)             (641)             (359)
 Retained earnings                                        10,136            7,880             8,931

                                                          32,151            29,477            30,879

 Non-controlling interest                                 217               959               663

 Total equity                                             32,368            30,436            31,542

 Total equity and liabilities                             48,503            45,373            49,097

 

 May 24, 2026
 Date of approval of financial statements  Moshe Borovitz            Elhanan Zeira  Amalia Borovitz Bryl

                                           Chief Executive Officer   Controller     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

 

                                                                   Three month period ended                     Year ended December 31,

                                                                    March 31,
                                                                   2026                  2025             2025
                                                                   U.S. $ in thousands
                                                                   Unaudited
 Cash Flows from Operating Activities:
 Profit for the period                                             1,239                 927              4,659
 Adjustments for:
 Depreciation and amortization                                     433                   352              1,184
 Equity settled share-based payment expense                        10                    27               96
 Loss (Gain) from sale of property, plant and equipment            (11)                  114              (15)
 Finance (income) expenses, net                                    32                    (22)             40
 Changes in Contingent consideration and Put option liability      -                     -                16
 Tax expenses                                                      130                   143              751
 Changes in operating assets and liabilities:
 Decrease (increase) in inventories                                622                   (796)            1,051
 Decrease (increase) in trade receivables                          (1,497)               2,987            1,332
 Decrease (increase) in other accounts receivables                 576                   (56)             689
 Decrease (increase) in unbilled revenues                          (72)                  (548)            (3,474)
 Increase (decrease) in trade and other accounts payables          (1,185)               (584)            1,574
 Increase (decrease) in employee benefits, net                     27                    2                7

 Cash from operations                                              304                   2,546            7,910

 Interest received                                                 14                    -                30
 Interest paid                                                     (32)                  (21)             (88)
 Income tax paid                                                   (368)                 (211)            (850)

 Net cash provided (used) by operating activities                  (82)                  2,314            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 (cont.)

 

                                                                                       Three month period ended               Year ended December 31,

                                                                                        March 31,
                                                                                       2026                  2025             2025
                                                                                       U.S. $ in thousands
                                                                                       Unaudited
 Cash Flows from Investing Activities:
 Proceeds from sale of property, plant and equipment                                   13                    -                40
 Purchase of property, plant and equipment                                             (196)                 (137)            (540)

 Net cash used in investing activities                                                 (183)                 (137)            (500)

 Cash Flows from Financing Activities:
 Dividend                                                                              -                     -                (2,922)
 Payments of lease liabilities                                                         (101)                 (85)             (355)
 Acquisition of the non-controlling interest in subsidiary                             (480)                 -                -
 Receipt of loans from banks                                                           -                     111              150
 Repayment of long-term loans from banks                                               (24)                  (8)              (220)

 Net cash provided by /(used in) financing activities                                  (605)                 18               (3,347)

 (Decrease)/Increase in cash and cash equivalents during the period                    (845)                 2,195            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                         25                    3                123

 Cash and cash equivalents  at the end of the period                                   8,702                 8,467            9,547

 

The accompanying notes form an integral part of the financial statements.

 

 

MTI WIRELESS EDGE LTD.

(An Israeli Corporation)

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

 

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 March 31, 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.

 

Note 3 - REVENUES:

                              Three month period ended              Year ended

                                  March 31,                         December 31,
                              2026                  2025                   2025
                              U.S. $ in thousands
                              Unaudited
 Revenues arise from:
 Sale of goods*               9,301                 8,419                  35,562
 Rendering of services**      1,741                 1,707                  7,216
 Projects**                   1,709                 1,885                  8,698
                              12,751                12,011                 51,476

(*) at the 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 three month period ended March 31, 2026 and
2025 respectively and for the year ended December 31, 2025.

Three month period ended March 31, 2026 (Unaudited):

                                Antennas  Water Solutions  Distribution & Consultation Services      Adjustment & Elimination      Total
                                U.S. $ in thousands
 Revenues
 External                       3,212     5,016            4,523                                     -                             12,751
 Internal                       -         -                91                                        (91)                          -

 Total                          3,212     5,016            4,614                                     (91)                          12,751

 Segment profit (loss)          234       571              591                                       117                           1,513

 Finance expense (income), net                                                                                                     144
 Tax expenses                                                                                                                      130

 Profit                                                                                                                            1,239

 

March 31, 2026:

                          Antennas  Water Solutions  Distribution & Consultation Services      Adjustment & Elimination      Total
                          U.S. $ in thousands

 Segment assets           17,741    12,822           15,754                                    -                             46,317

 Unallocated assets                                                                                                          2,186

 Segment liabilities      6,109     3,204            5,975                                     -                             15,288

 Unallocated liabilities                                                                                                     847

 

Note 4 - operating SEGMENTS (CONT.):

 

Three month period ended March 31, 2025 (Unaudited):

 

                       Antennas  Water Solutions  Distribution & Consultation Services      Adjustment & Elimination      Total
                       U.S. $ in thousands
 Revenues
 External              4,042     4,212            3,757                                     -                             12,011
 Internal              -         -                257                                       (257)                         -

 Total                 4,042     4,212            4,014                                     (257)                         12,011

 Segment profit        342       446              284                                       182                           1,254

 Finance expense, net                                                                                                     184
 Tax expenses                                                                                                             142

 Profit                                                                                                                   927

 

March 31, 2025:

                          Antennas  Water Solutions  Distribution & Consultation Services      Adjustment & Elimination      Total
                          U.S. $ in thousands

 Segment assets           17,000    12,912           13,188                                    -                             43,100

 Unallocated assets                                                                                                          2,273

 Segment liabilities      4,887     3,793            5,301                                     -                             13,981

 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 income, net                                                                            401
 Profit before tax                                                                              5,410
 Tax expenses                                                                                   751

 Profit                                                                                         4,659

 

 

Note 4 - operating SEGMENTS (CONT.):

 

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 31 March 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.

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.   END  QRFBSGDUIUDDGLS



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