BATM Full Year 2025 Results

LEI: 213800FLQUB9J289RU66
11 March 2026

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

Full Year Results

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, announces its full year results for the year ended 31 December 2025.

Financial Highlights*

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

** Revenue for 2024 adjusted to exclude the contribution to H2 2024 of the Progenetics and Zer Laboratories operations that were sold during H1 2025

*** Adjusted to exclude amortisation of intangible assets, share-based payments and expenses related to corporate activity. The figures include capital gains and an exceptional expense from a theft of inventory (see the Financial Review for further detail)  

Strategic Execution

• Delivered significant progress towards becoming a streamlined company focused on the high-growth, high-margin and complementary markets of networking and cybersecurity
• Sold four businesses during the year and a fifth post year end – for a total consideration of $24.4m – thereby reducing the complexity of the Group and enabling resources to be focused on BATM Networks and BATM Cyber, which the Board believes offer, individually and through their combined value, the greatest opportunity to deliver significant shareholder value
• Strategic actions implemented in 2024 enabled the Group’s proprietary diagnostics business to deliver adjusted operating profit of $0.1m (2024: $1.8m loss); going forward, the diagnostics activities will be presented as Non-core as the Board accelerates its strategy to focus on networking and cybersecurity
• Enhanced collaboration between BATM Networks and BATM Cyber, including commencing joint sales activities and development work for platform integration
• Continued to explore potential opportunities to add capabilities to core activities through M&A

Operational Highlights

BATM Networks

• Return to growth achieved, with revenue increasing 36% to $11.6m (2024: $8.5m)
• Strong pipeline established for 2026 across both the Carrier Ethernet and Edgility product lines, including a significant upscaling in average order size
• New channel partners were onboarded in all target markets globally for the resale of the Group’s Carrier Ethernet and Edgility products
• Launch of new Carrier Ethernet products in X-series portfolio, which is being well received and is expected to be the key driver of new customer acquisition in 2026
• Edgility was selected by Telebras, a leading Brazilian telecommunications company, with several proof-of-concepts underway with potential end customers

BATM Cyber

• Revenue decreased to $8.3m (2024: $13.1m) in line with management expectations and reflecting the exceptional orders received in 2024
• Significant milestone achieved with the delivery of the first units of a customised version of the Group’s encryption platform for the commercial market
• Continued delivery of orders for the Group’s long-standing government customer, albeit at a lower level in line with expectations. Additional new development projects secured in advanced cyber capabilities – such as ultra-high-speed encryption and tactical encryption systems. Management believes these projects offer a significant opportunity to widen the range of products offered and will transition to procurement agreements in the coming years
• Selected, post year end, as a partner in cybersecurity by FPT Israel, a company of FPT Corporation

BATM Diagnostics

• Increase in sales – of proprietary and third-party diagnostic products – and gross margin following successful rollout of new strategy to prioritise reagent sales
• Sold the Group’s diagnostic distribution business – generating a capital gain of $14.1m – and the remaining proprietary diagnostic activities will be classified, going forward, as Non-core

Commenting on the results, Moti Nagar, Chief Executive Officer of BATM, said: “BATM is entering the next phase of its transformation – evolving into a company focused on the provision of secure managed networking and cybersecurity. 2025 has been a pivotal and transformational year for the Group in this regard. We divested four non-core activities, with another sale announced in 2026, and the successful turnaround of our proprietary diagnostics business allows us to accelerate our plan to focus on BATM Networks and BATM Cyber, which the Board believes offer substantial potential for creating long-term shareholder value. This streamlining process has significantly simplified the complexity of our business and we are increasingly allocating resources to the high-growth, high-margin markets of networking and cybersecurity.

“Strategic initiatives implemented in BATM Networks and BATM Cyber in 2024 delivered meaningful results in 2025, in turn laying the foundation for a stronger performance in 2026. Our pipeline for our core activities is at the largest it’s been in recent years, with the average size of potential orders more than doubling. Additionally, we have made significant progress in integrating our networking and cybersecurity capabilities into a unified platform – one that delivers highly secure, software-defined connectivity with built-in protection against emerging threats, including those posed by quantum computing. The Board remains highly optimistic about the unique opportunities ahead for BATM and is fully committed to executing our strategy to deliver enhanced value to our 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 20 582 3500

KK Advisory
Kam Bansil, Steve Keeling
+44 20 7039 1901

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 16 March 2026 at 12.30pm GMT. To register to participate or submit a question in advance, please use the following link: https://forms.gle/Dfb4iC86EKQkV3qA8  

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.