IQE plc (IQE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us for the presentation of iQE's results for the six months ended 30th June 2025. My name is Mark Cubitt, Executive Chair. Before we go through the H1 results, as you may know, we are considered to be in an offer period at the moment and therefore are restricted in what we can say by the takeover panel. As a result, there will not be a Q&A session following the presentation today. So now let's turn to the presentation. And first, I'd like to start by giving an update on the progress of the group's strategic review. As we announced on 8th September, IQE has made the decision to expand the scope of the ongoing strategic review to incorporate the potential sale of the company as a whole. We confirmed at the time that we were already in receipt of an approach from a potential offeror and I am pleased to say that we have had additional early stage expressions of interest following that announcement. In addition, we continue to advance discussions relating to the sale of our operations in Taiwan. If that sale were to conclude, The proceeds will be used to fully repay our revolving credit facility with HSBC and the convertible loan notes issued in March, as well as providing IQE with cash to invest in our core operations and growth strategy. Delivering the best outcome for all of our stakeholders through the strategic review remains the key focus of the Board and we will provide an update on further progress as soon as we're able to. I'd now like to hand over to our CEO, Jutta Meyer, who will take us through the company H1 performance, current trading and outlook. Over to you, Jutta. Thank you, Mark. And thank you everyone for joining us for today's presentation. Just to echo what Mark said on the strategic review, this is obv...