**Summary of MTI Wireless Edge Ltd. Interim Results for H1 2025**
MTI Wireless Edge Ltd. (AIMMWE) reported strong financial and operational performance for the first half of 2025, driven by increased global defense spending and growth across its three divisions: Antenna, Mottech (Water Control & Management), and MTI Summit (Distribution & Professional Consulting Services).
**Financial Highlights**
**Revenue Growth** Revenues increased by 8% to **US$24.1 million** (H1 2024: US$22.3 million).
**Profitability** Operating profit rose by 11% to **US$2.5 million**, and net profit grew by 6% to **US$2.0 million**.
**EPS Growth** Basic earnings per share (EPS) increased by 17% to **2.50 US cents** (H1 2024: 2.14 US cents).
**Cash Position** Net cash stood at **US$5.1 million** as of June 30, 2025, after paying dividends of **US$2.9 million** in April 2025.
**Operational Highlights**
1. **Antenna Division**
Revenue grew by **23%**, driven by strong demand in 5G and defense markets.
Sales of 5G backhaul solutions rose by **40%**, primarily in India.
The global military antenna market is projected to grow from **US$3.62 billion in 2024** to **US$5.44 billion by 2029** (CAGR of 8.4%).
2. **Mottech Division**
Sales increased by **8%**, supported by key contract wins in Israel, the USA, and Italy.
A **€1 million** agricultural irrigation project in Italy is expected to contribute strongly in H2 2025.
3. **MTI Summit Division**
Sales declined by **3%** due to a change in a tethered balloon service agreement, but core business grew by **12%**.
PSK, a defense subsidiary, secured new contracts and returned to operational profit in Q2 2025.
**Strategic Developments**
Increased ownership in PSK to **60%**, positioning it for future growth.
Continued focus on diversification across defense, 5G, and smart irrigation sectors.
**Management Commentary**
CEO Moni Borovitz highlighted the company’s strong position, robust order backlog, and improved operational cash generation. Despite geopolitical concerns, particularly the conflict in Israel, the direct impact on operations has been limited.
**Outlook**
MTI remains confident in its full-year outlook, supported by a strong order book, diversified growth drivers, and a healthy balance sheet. Trading in Q3 2025 has been positive, building on the strong H1 performance.
**Key Metrics**
**Revenue** US$24.1 million (H1 2024: US$22.3 million)
**Operating Profit** US$2.5 million (H1 2024: US$2.25 million)
**Net Profit** US$2.0 million (H1 2024: US$1.86 million)
**EPS** 2.50 US cents (H1 2024: 2.14 US cents)
**Net Cash** US$5.1 million (December 2024: US$5.96 million)
MTI Wireless Edge continues to capitalize on global trends in defense, 5G, and smart irrigation, positioning itself for sustained growth in the medium term.