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Q1 2026 Financial Results & Investor Presentation
MTI Wireless Edge Limited reported a strong start to 2026 with Q1 revenues increasing 6% to $12.8 million, operating profit up 21% to $1.5 million, and net profit rising 18% to $1.2 million, alongside an 18% increase in earnings per share to 1.40 US cents. The company maintained a robust financial position with $8.5 million in net cash as of March 31, 2026. While the Antenna division experienced a slower quarter with revenues down 20% year-on-year due to reduced E-band 5G backhaul sales in India, the Water Control & Management division saw revenues surge 19%, and Distribution & Professional Consulting Services revenue grew 20%. Notably, the company secured $9 million in defence contract wins in April 2026, bolstering its order backlog for the remainder of the year. Disclaimer*
About this update from Mti Wireless Edge Ltd
26 May 2026 MTI Wireless Edge Ltd ("MTI", the "Company" or the "Group") Q1 2026 Financial Results & Investor Presentation Good start to 2026 accelerated in April with multiple defence contract wins worth $9m MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce its financial results for the three-month period ended 31 March 2026. Financial highlights - growth continues · 6% increase in revenues to $12.8m (Q1 2025: $12.0m). · 21% increase in operating profit to $1.5m (Q1 2025: $1.2m). · 18% increase in net profit for shareholders in the Company to $1.2m (Q1 2025: $1.0m). · Earnings per share increased by 18% to 1.40 US cents (Q1 2025: 1.18 US cents). · Strong financial position with net cash as at 31 March 2026 of $8.5m (31 December 2025: $9.4m) with the movement in net cash versus the prior period reflecting particularly strong cash collection in Q4 2025. Operational highlights Antennas · The Antenna division supplies a wide range of standard flat and parabolic antennas, as well as bespoke antenna solutions, to commercial and military customers. It also specialises in 5G backhaul antennas used in mobile network rollouts. · Higher global defence spending drove strong demand for military antennas increasing the order backlog in April 2026. Military antennas were the division's main revenue contributor for the quarter, supported by RFID sales and sales of the innovative ABS® antenna solution as part of the Company's 5G backhaul offering. · Overall, Q1 was a relatively slow period for the Antenna division, with revenue 20% below the same period last year, held back by lower E-band 5G backhaul solution sales in India, compared to previous periods. · While the timing of new orders remains difficult to predict, the requirement for MTI's solutions to support leading mobile operators' rollout of 5G networks is considered unchanged. Water Control & Management · The Water Control & Management division operates under the Mottech brand and provides wireless control systems to manage irrigation and water distribution for agriculture, municipal authorities and comme...
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