Business
Audited Results for the Year Ended 31 May 2025
Audited Results for the Year Ended 31 May 2025.
About this update from Ensilica Plc
[{"type":"text","content":"\n\nThe information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.\n \n4 November 2025\n \n EnSilica plc \n(\"EnSilica\", the \"Company\" or the \"Group\") \n \nAudited Results for the Year Ended 31 May 2025 \n \nRobust New Contract Conversion and Strong Supply Growth\n \nEnSilica delivers some of the most complex semiconductor engineering projects in the industry\n \nEnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application Specific Integrated Circuits), announces its audited results for the year ended 31 May 2025 (\"FY 25\",\"FY 2025\" or the \"Year\"). \n \nFinancial Highlights \n \n· Full year revenues of £18.2 million (FY 24: £25.3 million) were lower than prior year but chip supply revenues doubled to £5.7 million\n· Gross profit margin improved from 36% to 40% reflecting the change in business mix\n· Customer expected credit loss allowance of £1.8 million required\n· Breakeven EBITDA* achieved (excluding the allowance for credit losses, an EBITDA profit of £1.8 million was achieved) (FY 24: £1.7 million profit)\n· Improving operating cash generation profile with net operating cash flow of £2.1 million generated (FY 24: £4.3 million) of which £3.7 million was generated in the second half of 2025 (\"H2 FY 25\") after an initial outflow in H1 FY 25\n· Cash and cash equivalents of £2.0 million (FY 24: £5.2 million post fundraise)\n· Further investment of £5.8 million in intellectual property assets\n \n* The EBITDA outturn for FY 25 of £nil million is £1.3 million better than the EBITDA loss announced in our trading update on 16 October 2025 after a subsequent technical consultation resulted in the research and development (\"RDEC\") tax credit from the new HMRC merged scheme being required to be reclassified as Other income in line with technical accounting guidance.\n \nSTRONG CONTRACT MOMENTUM IN THE PERIOD\n \n· New supply-only contract awarded valued at $7 million for Edge Artificial Intelligence (AI) processing Chip with further potential supply revenue of more than $50 million over the first five years of p...