BATM Interim Results 2026 24.08.26

LEI: 213800FLQUB9J289RU66
24 August 2026

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

Interim Results

Strong operational performance and significant strategic execution

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure and cybersecurity technologies, announces its interim results for the six months ended 30 June 2026.

Financial Highlights

• Cash and short-term investments at 30 June 2026 were $22.5m (31 December 2025: $23.4m)
• Results for continuing operations adjusted to exclude the businesses that were divested during 2025 (Progenetics, Zer Laboratories and A.M.S 2000 Trading Impex)
• Constant exchange rate: the results if the exchange rate for H1 2026 was the same as that prevailing in H1 2025
• Adjusted to exclude amortisation of intangible assets, share-based payments and in H1 2025 exceptional expenses related to corporate activity

Operational Highlights

• Positive H1 2026 performance, in line with management’s expectations, with strong growth at BATM Networks and increasing momentum at BATM Cyber
• Significant progress on strategy to transform BATM into a focused, high-growth and higher-margin technology business centred on secure managed networking and advanced cybersecurity, including quantum-era-ready encryption:
  • Most notably, entered an agreement for the potential sale of three of the four remaining non-core activities
• Continued to explore potential opportunities to add capabilities via strategic M&A

BATM Networks

• Revenue growth of 20% to $8.0m (H1 2025: $6.6m)
• New portfolio of Carrier Ethernet products continued to be well received with a significant increase in orders:
  • Initial order for $500k received from a new customer that is amongst the top 10 largest companies in the U.S. in the field of cable and broadband
• Further order received for Edgility, the Group’s next-generation edge computing and network virtualisation platform, from a Tier 1 telecommunications company in Mexico – with this customer also purchasing from the new portfolio of Carrier Ethernet products
• Signed a new three-year service agreement, as announced post period, with a leading broadband and cable operator in the U.S. worth c. $1.3m as the Group focuses on growing recurring revenue

BATM Cyber

• Revenue of $4.8m (H1 2025: $5.1m) reflecting the timing of budget release by the Group’s long-standing customer
• Significant milestone achieved with delivery of proof-of-concept for tactical encryption solution, which generated the receipt of an order post period – representing expansion into a new market
• Development completed of post-quantum virtual encryption solution for the commercial market, which is generating significant interest from the Group’s target markets
• Selected as a partner in cybersecurity by FPT Israel, a company of FPT Corporation

Commenting on the results, Moti Nagar, Chief Executive Officer of BATM, said: “This has been a strong six-month period for BATM. We have made significant progress in reshaping BATM into a high-growth, higher-margin technology business focused on secure managed networking and advanced cybersecurity, most notably through the agreement for the proposed disposal of almost all our remaining non-core activities. This represents a major step in sharpening our strategic focus and building a stronger platform for future growth.

“In H1 2026, we delivered underlying growth in revenue and profit, excluding the contribution from businesses sold during 2025 and the impact of foreign exchange movements. This performance primarily reflects the benefits of the investments we have made in recent years in sales and marketing together with the launch and growing adoption of new products in our BATM Networks division. We also achieved important strategic milestones in BATM Cyber, including the development of new quantum-era-ready solutions for tactical encryption and a virtual encryption solution for commercial markets.

“Looking ahead, we remain on track to deliver underlying revenue growth for the full year in line with management’s expectations, supported by our strong pipeline and orderbook. More importantly, we expect to exit 2026 as a substantially transformed business, with greater capacity to invest in growth and to create value for shareholders.”

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

Investor & Analyst Presentation

Moti Nagar, CEO, and Lior Miles, CFO, will be holding a webinar for analysts and investors on 7 September 2026 at 12.00pm BST. To register to participate or submit a question in advance, please use the following link: https://forms.gle/m8vqj3MC7kPvzjw96

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.