Batm Advanced Communications Ltd. · LSE:BVC
Batm Advanced Communications — FY2025 Earnings Presentation
29 slides from Batm Advanced Communications's earnings presentation, March 2026
Slide 1: Full Year Results 2025
Full Year Results 2025 March 2026 @BATM 2026 | Confidential
Slide 2: Disclaimer
Disclaimer The information contained in this document has largely been extracted from the announcement of the Company’s full year results for the twelve months ended 31 December 2025. The information contained in this document has not been independently verified and no representation or warranty, ex
Slide 3: Presentation team
Presentation team Moti Nagar Lior Miles CEO CFO • CEO of BATM since January 2023 • CFO of BATM since June 2025; served as VP Finance 2015-2021 • Served as CFO since 2015 • Prior to BATM, held several senior • Previously at Kenes Group and TASE- listed Abra Information Technologies positions at Deloi
Slide 4: Introduction
01 Introduction Moti Nagar, CEO 4 @BATM 2026 | Confidential
Slide 5: 2025 – a pivotal year of transformation
2025 – a pivotal year of transformation Solid FY2025 performance Exiting non-core activities Building a focused enterprise - 2025 was a transformational - Divested four non-core - Complexity of the organisation year, with BATM evolving into activities in 2025 and a fifth in significantly reduced a c
Slide 6: Future of BATM: secure, network connectivity
Future of BATM: secure, network connectivity Focus: Networks & Cybersecurity Integration Progress Strong Underlying Growth - BATM will be a focused provider - Enhanced collaboration between - Pipeline in core business is at its of highly secure, software- BATM Networks and BATM Cyber, largest in rec
Slide 7: 2025 financial highlights
2025 financial highlights1 Implementation of strategy driving financial improvements 9% 110bps 133% Group revenue growth on a Group gross margin Group growth in adj. EBITDA3 comparable basis2 improvement 1,010bps 33% $0.1m BATM Cyber BATM Networks Proprietary diagnostics business Gross margin improv
Slide 8: Financial Review
02 Financial Review Lior Miles, CFO 8 @BATM 2026 | Confidential
Slide 9: 2025 results summary
2025 results summary* Significant growth for the BATM operations Year to 31 December 2025 2024 $ million • Revenue growth driven by BATM Networks and BATM Revenue 123.2 117.3 Diagnostics Revenue on a comparable basis** 123.2 113.1 • Total operating expenses includes other operating Gross Profit 40.1
Slide 10: Solidifying the foundations
Solidifying the foundations Establishing the base to deliver sustainable growth Disposal of non-core activities Sold four non-core businesses during the year and a fifth post year end for a total consideration of $24.4m: • Celitron, an eco-med business in Hungary – discontinued operation • Zer Labor
Slide 11: Gross margin improvement
Gross margin improvement Focusing on higher margin activities 11 @BATM 2026 | Confidential
Slide 12: Cash management
Cash management Cash and financial assets ($m) 31.6 CURRENCY BREAKDOWN -0.3 4.0 -2.2 0.6 -1.1 4.0 -1.9 OTHER 5.0% -4.1 Euro 6.0% 1.3 23.4 -3.9 NIS 4.0% -0.7 MDL 12.8% USD 72.2% 12 @BATM 2026 | Confidential * Post year end, the Group has received $3.7m from the cash balances held by AMS, with a furth
Slide 13: Business Update
03 Business Update Moti Nagar, CEO 13 @BATM 2026 | Confidential
Slide 14: BATM Diagnostics
BATM Diagnostics Strategic acceleration Revenue Business update $47.5m +23% Increased revenue from proprietary products and distributed products Main contributor to significant increase in adj. operating profit was capital gain from sale of AMS Following successful rollout of new go-to-market strate
Slide 15: BATM Networks
BATM Networks Strong recovery and well-positioned for 2026 Revenue Business commentary Return to growth following successful reorganisation implemented in 2024 and with expanded sales team $11.6m +36% • Revenue growth from increased sales of carrier ethernet products and Edgility • Gross margin redu
Slide 16: BATM Cyber
BATM Cyber Solid performance vs exceptional 2024; milestone achieved with first commercial units delivered Revenue Business update $8.3m -37% Revenue in line with management expectations; compares with exceptional 2024 Revenue based on: • Ongoing delivery of orders from long-standing government cust
Slide 17: BATM future growth proposition
BATM future growth proposition PURPOSE – Why we exist To keep critical networks connected and secure — enabling the organisations that power society to operate without interruption, now and in the quantum era. Connect & Protect Networking · Security · Encryption VISION – Where we are going To be a l
Slide 18: BATM today
BATM today Siloed offerings Carrier Ethernet Edgility Cyber Management EdgeGenie Edgility Central QEMS T-series Product Family FlexConnect, FlexProtect QGATE X-series Router Access Quantum Applications NGFW Aggregation protected VPN SD-WAN / SASE Operating System Binox, Dedicated Edgility OS Dedicat
Slide 19: BATM of the future
BATM of the future Unified platform Carrier Ethernet Data Center Managed Connectivity & Security Management BATM NMS Product Family BATM Network BATM DC BATM Connect BATM Protect Access VPN Router Aggregation NGFW Applications Data Center SDWAN QVPN Mobile SASE SLM Probe Backhaul AI Guard X-series Q
Slide 20: Benefits for BATM
Benefits for BATM One platform for all activities Positioning Go-To-Market Cost • Diverse sales points of entry • Unified Network OS & A holistic "Connect & Protect" • Logical cross-sell / up-sell Network Management open, secured networking • Coherent, differentiating instead of multiple siloed inno
Slide 21: Benefits for customers
Benefits for customers A clear path forward Open Unified Agile Future-Ready Hardware-agnostic Single OS & NMS – Quantum-ready Modular services that design - eliminates reduces operating secured networking scale with evolving hardware lock-ins and costs and learning and AI-assisted customer needs red
Slide 22: Conclusion
05 Conclusion Moti Nagar, CEO 22 @BATM 2026 | Confidential
Slide 23: Summary & outlook
Summary & outlook • Clear, focused strategy on high-growth, high-margin markets of networking and cybersecurity, aligned with rising global demand for secure connectivity • Streamlined portfolio following disposals totalling $24.4m; robust balance sheet expected to be further strengthened through on
Slide 24: Appendix
Appendix 24 @BATM 2026 | Confidential
Slide 25: BATM Networks
BATM Networks 2025 2024 $ million Revenues 11.6 8.6 Cost Of Sales 6.3 4.1 Gross Profit* 5.3 4.5 Gross Margin* 45.7% 52.5% Operating Expenses 8.1 8.5 Adj. Operating Loss* (2.7) (4.0) *Adjusted to exclude amortisation of intangible assets, share-based payments and an exceptional expense from a theft o
Slide 26: BATM Cyber
BATM Cyber 2025 2024 $ million Revenues 8.3 13.1 Cost Of Sales 4.0 7.7 Gross Profit* 4.2 5.4 Gross Margin* 51.1% 41.0% Operating Expenses 3.6 2.2 Adj. Operating Profit* 0.7 3.1 *Adjusted to exclude amortisation of intangible assets and share-based payments 26 @BATM 2026 | Confidential
Slide 27: BATM Diagnostics
BATM Diagnostics 2025 2024 $ million Revenues 47.5 38.6 Cost Of Sales 33.2 27.8 Gross Profit* 14.2 10.8 Gross Margin* 30.0% 28.0% Operating Expenses (2.9) 9.5 Adj. Operating Profit* 17.1 1.3 *Adjusted to exclude amortisation of intangible assets and share-based payments 27 @BATM 2026 | Confidential
Slide 28: Significant shareholders
Significant shareholders As of 24 February 2026, to the best of BATM’s knowledge, the following persons or entities had a significant holding (≥3%) of BATM ordinary shares: Shareholders Percentage of total voting rights Lombard Odier Investment Managers 27.10% Premier Miton Investors 7.91% Canaccord
Slide 29: Thank You
Thank You 29 @BATM 2026 | Confidential
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