BATM Interim 2025 Results 18.08.25

LEI: 213800FLQUB9J289RU66
18 August 2025

 BATM Advanced Communications Limited
(“BATM” or “the Group”)

Interim Results

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, announces its interim results for the six months ended 30 June 2025.

Financial Summary*

• Cash and short-term investments at 30 June 2025 were $27.0m (31 December 2024: $31.6m)

* Results for the Group’s continuing operations. See note 4 to the consolidated financial statements for details on the discontinued operations

** Adjusted to exclude amortisation of intangible assets, share-based payments and exceptional expenses related to corporate activity

Operational Summary

• Strong H1 2025 performance, in line with management’s expectations
  • Further progress on the execution of the strategy, including the sale of three non-core businesses
  • Strategic actions implemented in 2024 are delivering results in core divisions  

BATM Networks

• BATM Networks returned to growth with an increase in revenue from both carrier ethernet and Edgility
• Four new carrier ethernet products were launched in the X-series portfolio, which are being well-received by the market, including an order from a Tier 1 communication service provider in Mexico
• New channel partners were onboarded in all target markets globally for the resale of the Group’s carrier ethernet products and a customer partner portal was launched
• Edgility was selected by Telebras, a leading Brazilian telecommunications company, with a proof of concept currently underway with an end customer

BATM Cyber

• Significant milestone achieved with the delivery of the first units of a customised version of the Group’s encryption platform for the commercial market
• Sustained delivery of orders for the Group’s long-standing government customer, including the receipt of a new $1.5m order to develop advanced cyber capabilities, which was subsequently increased to amount to $2.1m by period end

BATM Diagnostics

• Achieved an increase in sales of proprietary and third-party diagnostic products following the successful rollout of the new strategy to prioritise reagent sales
• Entered the Italian market with MDXlab and won several projects, with a number of these including multi-year reagent and consumable agreements

Commenting on the results, Moti Nagar, Chief Executive Officer of BATM, said: “This has been an excellent six months of progress towards our strategic goals. The action that we took last year is beginning to deliver results, with a return to growth in BATM Networks and for our proprietary products in BATM Diagnostics as well as an improvement in gross margin in all of our core divisions. We achieved a major milestone in BATM Cyber with the delivery of our first encryption platform for the commercial markets. At the same time, we continued to execute on our strategy to become a more focused business with the sale of three non-core activities during the period. Accordingly, we exited the first half of 2025 in a much stronger position than when we entered. With positive momentum having continued into the second half, we are on track to deliver year-on-year growth for the full year.”

Enquiries:

BATM Advanced Communications
Moti Nagar, Chief Executive Officer
Lior Miles, Chief Financial Officer
+972 9866 2525

Shore Capital
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)
+44 20 7408 4050

Gracechurch Group
Harry Chathli, Claire Norbury
+44 20 4582 3500

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Investor & Analyst Presentation

Moti Nagar, CEO, and Lior Miles, CFO, will be holding a webinar for analysts and investors on 21 August 2025 at 1.00pm BST. To register to participate or submit a question in advance, please use the following link: https://forms.gle/8FNaWeZrvnUUyivm9

Forward-looking statements  

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, due to the risk factors that are detailed in the Group's Annual Report, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.