Slide 1: FY2026 Results Presentation
Shaping the future of high-speed wireless communications Image to be updated FY2026 Results Presentation August 2026 FY 2026 Results Presentation Nat Edington, CEO Michael Tyerman, CFO August 2026 Nat Edington, CEO Michael Tyerman, CFO 07/08/2026 1 Confidential & Proprietary - Filtronic plc- © 2025
Slide 2: A leader in high-performance Radio Frequency systems
A leader in high-performance Radio Frequency systems A trusted RF partner Embedded in every step of the communication journey • Five decades experience designing and manufacturing mission critical RF components and subsystems, supported by world class facilities and RF engineering talent • Specialis
Slide 3: Filtronic RF solutions across the spectrum
Filtronic RF solutions across the spectrum Global leadership in very high- frequency communications Aerospace & Defence Space 1MHz - 90GHz 1GHz - 175GHz Terrestrial Telecommunications 700MHz - 175GHz 1MHz 1GHz 2GHz 4GHz 8GHz 12GHz 18GHz 27GHz 40GHz 75GHz 110GHz 170GHz 300GHz UHF L S C X Ku K Ka Q V
Slide 4: FY 2026 – Strong strategic progress and increasing visibility across key programmes
FY 2026 – Strong strategic progress and increasing visibility across key programmes Increasing visibility Moving up the value Broadening across Operational platform and improving chain markets and now built for scale revenue quality customers • Revenue of £55.5m in line, • First production • New US
Slide 5: Evolving from engineering capability to product business
Evolving from engineering capability to product business Historically Today • Project based engineering revenues • Multi-year production programmes • Bespoke customer developments • Repeatable platforms & standard products • Qualification led engagements • Strong contracted order coverage • Limited
Slide 6: Customer Diversification continues
Customer Diversification continues FY2025 REVENUE FY2026 REVENUE FY2027 REVENUE (FORECAST) Space customer 4 Space Customer 2 Other Other Defence Customer 1 Space customer 3 2% Space customer 2 Telecoms Customer 1 16% Defence Customer 2 6% Defence Space Cust 1: 50-60% Customer 1 8% Defence Cust 1: 15
Slide 7: Financial review
Financial review 7 Filtronic plc: Final results for the year ended 31 May 2026
Slide 8: Revenue similar to FY2025 despite fx headwind
Revenue similar to FY2025 despite fx headwind Group revenue £55.5m (2025: £56.3m) Space • The space market continues to generate healthy revenue of £42.1m. SpaceX continue to drive the largest share of space revenue. • Now seeing meaningful revenue recognition from other players in the market follow
Slide 9: Underlying Revenue Performance delivered 6% Growth
Underlying Revenue Performance delivered 6% Growth • The reported revenue of £55.5m is impacted by two key issues: • Share warrants, being a non-cash accounting charge; and • USD exchange movement • The share warrant charge increased by £2.2m in FY2026 resulting in a £3.5m charge to revenue (2025: £
Slide 10: Investing for growth – substantial market opportunity
Investing for growth – substantial market opportunity Strategic investment and financial discipline have moved in step with one another during the year. • Short-term impact on margins as a result of targeted pricing strategy to secure higher volume sales. • Continued opex investment to capitalise on
Slide 11: Significantly strengthened balance sheet
Significantly strengthened balance sheet May-26 May-25 Capitalised development costs £m £m Goodwill and intangible assets 5.4 3.5 • Capitalisation of development costs continues to ~25% of total R&D spend. £2.3m capitalised in the period. Right of use assets 6.4 4.5 Property, plant and equipment 13.
Slide 12: Cash position supports continued investment
Cash position supports continued investment May-26 May-25 £m £m Net cash generated from operating activities 11.8 13.8 Net cash used in investing activities (12.6) (5.6) Net cash used in financing activities (0.8) (0.9) Movement in cash and cash equivalents (1.6) 7.3 Currency exchange movement 0.0 0
Slide 13: Bridging FY2027 H1 delivery to H2 scaled production
Bridging FY2027 H1 delivery to H2 scaled production H1 FY2027 H2 FY2027 delivery, qualification and preparation production ramp and repeat manufacture • Continued delivery across existing • Commencement of higher-volume space and defence programmes GaN E-band production qualification → readiness → p
Slide 14: Filtronic plc: Final results for the year ended 31 May 2026
14 14 Filtronic plc: Final results for the year ended 31 May 2026
Slide 15: CFO summary
CFO summary Investment Outlook Delivery • R&D guardrail of 13% of revenue relaxed in • Strong order book provides significant order the year to 17%, to aggressively execute our coverage against market forecast. technology to exploit the substantial market opportunity. • E-band product switchover wil
Slide 16: Strategy update
Strategy update 16 Filtronic plc: Final results for the year ended 31 May 2026
Slide 17: Capturing the medium-term market opportunity
Capturing the medium-term market opportunity Budget and market Infrastructure Technology growth roll-out innovation Global Shift to Move to satellite Increasing Accelerating Global roll- higher design in of GaAs to GaN comms military launch of out of base spectrum solid-state technologies market rap
Slide 18: Delivering on five-year growth plan
Delivering on five-year growth plan • Largest contract in Filtronic’s history entered production deployment, completed Five-year technology and development of next-generation high-power mmWave technologies and product roadmap progressed expansion into V & W-band and satellite payload applications. •
Slide 19: Key priorities to support growth
Key priorities to support growth FY 2027 FY 2028 FY 2029 New wins and key Deliver sustained volume of New mega constellations New mega constellations customer multiple constellations in V and E development programmes volume programmes development Band Volume deployment of E Band Volume deployment of
Slide 20: End-to-End SATCOM Solutions
End-to-End SATCOM Solutions Full system solutions for Tier 1 customers, based on standard platforms Ground and Space (Satellite) segments Standard products for broadening customer base Major shift from just solid-state power amplifiers Ka, V E, W Band RF frequencies High Power for LEO, MEO & GEO orb
Slide 21: Cerus V family launched
Cerus V family launched The only Solid State Power Amplifier family capable of supporting all satellite orbits $3B SAM in next 10 years 50W / 100W 200W 400W 21 Filtronic plc: Final results for the year ended 31 May 2026
Slide 22: Outlook
Outlook Greater than 90% FY27 revenue already in backlog Continued contract momentum and growing customer diversification Product roadmap progressing into higher-value RF opportunities through full standard products and systems deployment New facility now fully operational and capable of sup
Slide 23: Why Filtronic?
Why Filtronic? Market leading expertise in high Strategically positioned at the intersection Innovation roadmap driving next- performance RF technology of Space and Aerospace & Defence generation connectivity Founded in 1977, Filtronic, underpinned by a Surface, Sky & Space positioning spans all hig
Slide 24: Q&A
Q&A 24 Filtronic plc: Final results for the year ended 31 May 2026
Slide 25: Filtronic Disclaimer
Filtronic Disclaimer IMPORTANT NOTICE This presentation and any verbal information given (together, the “Presentation”), has been No representations or warranties of any kind are made by any person as to the accuracy of prepared by the directors of Filtronic plc (the “Company”). The information in t