Ensilica Plc · LSE:ENSI
Ensilica — FY2025 Earnings Presentation
20 slides from Ensilica's earnings presentation, November 2025
Slide 1: Investor Presentation FY 2025 Results
Investor Presentation FY 2025 Results November | 2025
Slide 2: Disclaimer
Disclaimer the Company that are difficult to predict, qualify and/or quantify . These forward -looking statements The information contained in this document (“Presentation”) and the presentation made to you verbally has speak only as of the date of this presentation, and the Company does not underta
Slide 3: Presenters
Presenters Ian Lankshear Kristoff Rademan Chief Executive Officer Chief Financial Officer ▪ Ian co -founded EnSilica in 2001 as semiconductor design services ▪ Graduating from the University of Stellenbosch in 2002 , Kristoff began business . his finance career at KPMG in South Africa before relocat
Slide 4: Our Business Model
Our Business Model EnSilica is a fabless silicon chip maker ▪ Designing and supplying mixed signal application specific chips ▪ These chips enable new and differentiated features and products Our assets are our People, IP, Customers & Suppliers ▪ People: 199 staff in UK, Brazil, India & Hungary | wo
Slide 5: Key Objectives & Ambitions
Key Objectives & Ambitions Approaching phase where supply revenues We are targeting to become cash flow support future investment & overhead before positive during 2026 non - cash charges Longer term our order book and opportunities Our ambitions for the medium term (3 to 5 yrs) give us aspirations
Slide 6: FY 2025 Income Statement
FY 2025 Income Statement £’millions FY 25 FY 24 ▪ Revenues of £18.2 million were lower REVENUES 18.2 25.3 than prior year but chip supply revenues double to £5.7 million GROSS PROFIT 7.3 9.0 ▪ Gross margins improved from 36% to 40% Other income 1.6 - ▪ Customer expected credit loss GROSS PROFIT % 40
Slide 7: FY 2025 Revenue Split
FY 2025 Revenue Split £’millions FY 25 FY 24 ▪ Chip supply revenues increased by 97% to £5.7 million CHIP SUPPLY 5.7 2.9 ▪ NRE revenues down due to non - recurrence of a high -value tape -out which occurred in FY 2024 NRE 5.9 15.2 ▪ Consultancy revenues down 8% due to FABLESS MODEL REVENUES 11.6 18.
Slide 8: FY 2025 Balance Sheet
FY 2025 Balance Sheet £’millions FY 25 FY 24 ▪ Intangible assets increased due to investment capitalised of £5.8m offset by amortisation and impairment of £1.6m INTANGIBLE ASSETS 22.8 18.6 ▪ Cash movement detailed in cash flow slide below CASH 2.0 5.2 ▪ External loans increased due to refinancing of
Slide 9: FY 2025 Cash Flow
FY 2025 Cash Flow £’millions FY 25 FY 24 ▪ Working capital movement positively impacted by increased operational EBITDA - 1.7 activities in FY25 Working Capital 0.9 0.7 ▪ FY25 tax credit lower due to change in government scheme Tax Credit 1.2 1.8 ▪ Investment of £ 5.8m in customer ASICs Intangibles
Slide 10: Evolution of EnSilica 'Chip Supply Base'
Evolution of EnSilica ‘Chip Supply Base’ Market Design Post Tape Out Chip Supply Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 1 Hawk-Visteon Automotive $40m 2 Ruby Aerospace 3 Firefly Industrial Contracted NRE 4 Siemens IndustrialGolden Eagle generated FY25 to 5 AST Space 6 Hanwha Space* IP 1 FY27 7 Hanwha Space*
Slide 11: Growth Platform - revenues increase alongside chip supply
Growth Platform - revenues increase alongside chip supply 5 chips currently in supply Strong visibility from existing bookings Illustration of revenue evolution ( millions GBP) 12 chips in design w ith future supply expected Secured 6 ASIC design & supply contracts in FY25 Target 3 to 4 NRE new desi
Slide 12: Significant potential within Space Communications
12 Significant potential within Space Communications Government and private investment driving significant sector growth ▪ A measure of this is the user terminal market CAGR is estimated to be 19.7% growing from $1.2B in 2024 reaching $6.1B in 20331. Chips are key enablers for Space Communications,
Slide 13: Global SatCom investment now underway
13 Global SatCom investment now underway Communications | Automotive | Industrial Constellation Name Orbit Target Market Planned Size In Orbit Freq Band (User Link) Type (May 2025) Starlink LEO Global broadband (consumer, 12,000 (expandable to 34,400) ~7,000 Ku-band mobility, enterprise) Eutelsat LE
Slide 14: EnSilica driving leadership in satellite payload ASICs
14 EnSilica driving leadership in satellite payload ASICs Communications | Automotive | Industrial Developed satellite payload ASIC for Nasdaq listed AST Space Mobile, LEO constellation • The ASIC delivers a tenfold improvement in processing bandwidth Contracted to work on three new feasibility ASIC
Slide 15: EnSilica accelerating traction satellite user terminal ICs
15 EnSilica accelerating traction satellite user terminal ICs Communications | Automotive | Industrial Developing ground base user terminal chipsets to enable the next generation terminals ▪ Over £20 million of funding has been secured from lead customers, European and UK Space Agencies ▪ 4 chips ar
Slide 16: Ongoing demand from automotive and industrial markets
16 Ongoing demand from automotive and industrial markets Communications | Automotive | Industrial Automotive semiconductor market1 worth $89bn • Driven by electrification (EV), the enhancement of safety features, infotainment and new cybersecurity requirements Industrial semiconductor market 1 worth
Slide 17: Key opportunities across market niches
17 Key opportunities across market niches Communications | Automotive | Industrial Our automotive and industrial niches ▪ Motor/actuator controllers and sensor interfaces ▪ Radar and LiDAR signal processing ▪ High integrity systems and design processes (function safety) ▪ Micro Controllers (Arm proc
Slide 18: EnSilica now delivering solid market traction
EnSilica now delivering solid market traction 1 Now shipped 10 million automotive chassis controller ASICs, as part of a chip $40m supply contact worth $40 m over 6 years over six years 2 Announced an actuator/motor controller ASIC design win worth $31 m supply over $31m 7 years over seven years 3 C
Slide 19: Summary
Summary $ 250m Visibility of lifetime 6 EXCELLENT NEW NRE GOOD VISIBILITY OF STRONG PIPELINE supply revenues DESIGN WINS DURING REVENUES FOR FY26 OF RFQ & FY25 & BEYOND OPPORTUNITIES $400m Sales & STRONG RELATIONSHIPS SUPPLY REVENUE ACCRETION OF WITH MAJOR Opportunities BUILDS STRONG ARR RENOWNED GL
Slide 20: Thank you
S EnSilica your trusted IC partner Thank you