EnSilica

ENSI · AIM · Technology · mcap £121m · 81.2p

EnSilica designs custom and standard chips (ASICs) for automotive, industrial, satellite and telecoms customers, earning design fees and then recurring chip supply revenue. It is based in the UK and trades on AIM.

Target	Promise	Said	Status
2025
31 May 2025	Trade in line with market expectations for FY24; later guided FY25 revenue above £30m and EBITDA above £5.0m	28 Nov 2023	✗ Missed · target changed
	“the Board is confident of delivering revenues in excess of £30 million and EBITDA in excess of £5.0 million for FY25” Also stated 14 May 2024 Result April 2025 guidance cut FY25 to revenue £19-20m, EBITDA £0.1-0.5m; FY25 actual revenue £18.2m, EBITDA loss. “the Company now anticipates revenues of between £19 million and £20 million and EBITDA between £0.1 million and £0.5 million for FY 2025.”7 Apr 2025 · Trading Update “the Company now expects to announce revenues of approximately £18.2 million and an EBITDA loss of approximately £1.3 million for FY 2025”16 Oct 2025 · Trading Update
31 May 2025	Trade in line with consensus market expectations for FY25	28 Nov 2024	✗ Missed · target changed
	“expects EnSilica to continue to trade in line with consensus market expectations for the financial year to 30 May 2025” Result April 2025 trading update was below expectations, with FY25 revenue guidance cut to £19-20m. “the Company now anticipates revenues of between £19 million and £20 million and EBITDA between £0.1 million and £0.5 million for FY 2025”7 Apr 2025 · Trading Update
31 May 2025	Higher revenues and profits in H2 FY25	10 Feb 2025	✗ Missed
	“higher revenues and profits are expected in the second half of the financial year” Result Guidance cut in April 2025; FY25 revenue £18.2m and EBITDA loss, with a SIAE bad debt provision. “the Company now anticipates revenues of between £19 million and £20 million and EBITDA between £0.1 million and £0.5 million for FY 2025.”7 Apr 2025 · Trading Update
2026
31 May 2026	FY26 revenue of £33-35m, later £28-30m and EBITDA £3.5-4.5m	7 Apr 2025	✗ Missed · target changed
	“the Board now expects to deliver revenues of between £33 million and £35 million in FY 2026” Result Guidance cut to £28-30m in Oct 2025; FY26 delivered revenue £27.8m and EBITDA £5.9m. “Revenues grew 53% to £27.8 million (FY25: £18.2 million) and EBITDA rose to £5.9 million (FY25: £nil)”5 Oct 2026 · Final Results
Today · 14 Oct 2026
2027
31 May 2027	Positive monthly operational cash generation after intangible investment by end of FY27	7 Apr 2025	✗ Missed · target changed
	“now expected by the end of FY27” Also stated 4 Nov 2025 · 7 Jan 2026 · 23 Jun 2026 Result Target pushed from end FY26 to calendar 2026, then end FY27 in June 2026. “targeting positive monthly operational cash generation after investment in intangible assets, and therefore now expected by the end of FY27”23 Jun 2026 · Trading Statement
31 Dec 2027	Telecoms ASIC production and supply to begin in 2027	22 Dec 2023	✗ Missed · target changed
	“the production and supply phase of the ASICs expected to begin during 2027” Also stated 2 Sep 2024 Result Start date moved from end 2026 to during 2027 in Sept 2024. “the production and supply phase of the ASICs expected to begin during 2027”2 Sep 2024 · Telecommunications ASIC Contract Valued Over $30m