Q3 2025 Financial Results

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 nine-month period ended 30 September 2025 (the "Period").

Financial highlights

• 12% increase in revenues for the Period to $37.8m (9 months to 30 September 2024: $33.7m)
• 21% improvement in profit from operations to $4.2m (9 months to 30 September 2024: $3.5m)
• 20% rise in earnings per share to 4.31 US cents (9 months to 30 September 2024: 3.60 US cents)
• High net cash provided by operating activities of $4.0m (9 months to 30 September 2024: $1.1m and $3.1m for 12 months to 31 December 2024)
• Net cash position rose to $6.4m as at 30 September 2025 (30 September 2024: $4.8m)
• Progressive final dividend is anticipated to be declared alongside MTI's full year results which will be announced during the first quarter of 2026

Operational highlights

• Antenna division performed strongly, benefitting from an increase in defence spending

o Rising demand for military antennas globally was the principal driver of growth in the third quarter and the nine months ended 30 September 2025

o Slower level of demand for the Company's 5G backhaul solution in India, compared to the first six months of the year, was seen in the quarter and is continuing into the final quarter of the financial year

o However, the ABS antenna solution has attracted significant commercial interest from leading cellular operators globally

o Overall, extremely well placed for both the remainder of 2025 and beyond, with a number of significant tenders for potential new business awaiting responses

Mottech delivered a strong third quarter

o Demand for electronic water management and irrigation solutions continues to grow from both businesses and governments, alongside a growing awareness of the need to avoid waste

o Key markets were Israel, the Gulf States, Italy and the US

o Overall, well placed to achieve a strong result for FY2025

MTI Summit recorded a positive third quarter

o PSK, a defence focused subsidiary, reversed a previous period of under-performance delivering a profit in Q3 and has in place a strong pipeline of new prospects

o Demand from the defence sector is the main revenue driver for this division

o Looking ahead, MTI Summit is well positioned, with a growing number of design solution requests, which are expected to add to an already robust order backlog.

Outlook

• Positioned for a strong full year outturn, driven by all three divisions performing well
• Growth being driven by three distinct markets: defence, the roll-out of 5G, and solutions addressing water scarcity
• Strong cash position and cash generation supports a progressive dividend, anticipated to be declared during Q1 2026

Moni Borovitz, Chief Executive Officer of MTI Wireless Edge, said:

"This quarter delivered record revenues and profitability, positioning the business for a strong full-year performance. The Company has also been highly cash-generative, with net cash provided by operating activities of $4.0m in the first nine months of 2025 compared with $3.1m for the full 12 months of 2024. Overall, this represents a very satisfying performance to date.

MTI is strategically placed to benefit from three key growth markets: defence, the roll-out of 5G, and solutions addressing water scarcity. Among these, the defence sector remains the largest driver of growth, now accounting for 48% of total sales. Rising global conflicts and the increasing shift toward electronic warfare align closely with MTI's radio-frequency-led communication solutions. With governments worldwide committing to higher defence budgets, demand from this sector is expected to remain strong. We continue to be pleased by the significant commercial interest that our ABS antenna solution is attracting, including from leading global cellular operators.

The Group also has a robust order backlog to support the final quarter of FY2025, and looking ahead into FY2026, a series of upcoming significant tenders are expected to further strengthen the order book."

Antenna division

MTI is internationally recognised as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range of HF to 170 GHz for commercial, RFID and military applications. MTI continuously invests in ground breaking technologies, explores new frequencies, and devises innovative solutions which empower our wireless communication customers with cutting-edge off-the-shelf and custom-made antennas.

We are at the forefront of technology and innovation, being the first to introduce Dual Band parabolic antennas, E Band Automatic Beam Steering antennas, E Band FCC compliant flat antennas, and more.

Water Control & Management division

Distribution & Professional Consulting Services division

MTI WIRELESS EDGE LTD.

(An Israeli Corporation)

INTERIM CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME

Other comprehensive income (loss) net of tax:

Items that will not be reclassified to profit or loss:

The accompanying notes form an integral part of the financial statements.

INTERIM CONSOLIDATED STATEMENTS OF

CHANGES IN EQUITY

For the nine month period ended September 30, 2025 (Unaudited):

Attributable to owners of the parent

Changes during the nine month period ended September 30, 2025:

Comprehensive income

The accompanying notes form an integral part of the financial statements.

INTERIM CONSOLIDATED STATEMENTS OF

CHANGES IN EQUITY (CONT.)

For the nine month period ended September 30, 2024 (Unaudited):

Attributable to owners of the parent

Changes during the nine month period ended September 30, 2024:

Comprehensive income

(*) Less than US$ 1 thousand

The accompanying notes form an integral part of the financial statements.

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (CONT.)

For the year ended December 31, 2024 :

Attributable to owners of the parent

U.S. $ in thousands

The accompanying notes form an integral part of the financial statements.

MTI WIRELESS EDGE LTD.

(An Israeli Corporation)

INTERIM CONSOLIDATED STATEMENTS OF

FINANCIAL POSITION

The accompanying notes form an integral part of the financial statements.

MTI WIRELESS EDGE LTD.

(An Israeli Corporation)

INTERIM CONSOLIDATED STATEMENTS OF

FINANCIAL POSITION

The accompanying notes form an integral part of the financial statements.

INTERIM CONSOLIDATED STATEMENTS OF

CASH FLOWS

The accompanying notes form an integral part of the financial statements.

INTERIM CONSOLIDATED STATEMENTS OF

CASH FLOWS (cont.)

The accompanying notes form an integral part of the financial statements.

MTI WIRELESS EDGE LTD.

(An Israeli Corporation)

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - General:

Corporate information:

The Company and its subsidiaries are engaged in the following areas:

• Development, design, manufacture and marketing of antennas for the military and civilian sectors.
• Providing consulting, representation and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services.
• Development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.

Note 2 - Significant Accounting Policies:

The interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for the preparation of financial statements for interim periods, as prescribed in International Accounting Standard No. 34 ("Interim Financial Reporting").

The interim consolidated financial information set out above does not constitute full year-end accounts within the meaning of Israeli Companies Law. It has been prepared on the going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS). Statutory financial information for the financial year ended December 31, 2024 was approved by the board on 16 March 2025. The report of the auditors on those financial statements was unqualified.

The interim consolidated financial statements as of September 30, 2025 have not been audited.

The interim consolidated financial information should be read in conjunction with the annual financial statements as of December 31, 2024 and for the year then ended and with the notes thereto. The significant accounting policies applied in the annual financial statements of the Company as of December 31, 2024 are applied consistently in these interim consolidated financial statements.

Note 3 - REVENUES:

(*) at the point in time

(**) over time

Note 4 - operating SEGMENTS:

The following tables present revenue and profit information regarding the Group's operating segments for the nine month period ended September 30, 2025 and 2024 respectively and for the year ended December 31, 2024.

Nine month period ended September 30, 2025 (Unaudited):

Note 5 - SIGNIFICANT EVENTS:

• The Board of directors declared a cash dividend of 3.3 US cents per share being approximately $2,922,000. This dividend was paid on 11 April 2025 to shareholders on the register at the close of trading on 28 March 2025.
• The financial statements for the year ended 31 December 2024 were authorized for issue by the board as a whole following their approval on 16 March 2025.
• On 24 January 2019, the Company announced a share repurchase program to conduct market purchases of ordinary shares of par value 0.01 Israeli Shekels each ("Ordinary Shares") in the Company up to a maximum value of £150,000 (the "Programme"). Thereafter, the board of directors of the Company and the board of directors of MTI Engineering have decided to continue with the Programme for several further periods and to increase the maximum value of the Programme up to £1,000,000, plus any additional funds received from dividends or profits from selling the shares, although the current intention is to hold the Ordinary Shares purchased for a longer period of time. The Programme is currently in place until the end of March 2026 and as at 30 September 2025, 2,343,000 Ordinary Shares were held in treasury under the Programme.
• On 6 May 2025, MTI announced that its subsidiary MTI Summit had increased its ownership of its subsidiary P.S.K Wind Technologies Ltd. ("PSK") via a new equity investment (by issuance of shares in PSK) of NIS 600,000 (approximately US$170,000) (the "Investment"). Following the Investment, the Group owns 60% of PSK. Previously, on 4 January 2022, MTI announced that MTI Summit had acquired 51% of PSK (the "Acquisition"). In addition to the Acquisition, an earn out mechanism was in place under which further consideration could potentially be payable to the vendors of PSK (the "Earn Out") and that MTI Summit has an option to purchase and the vendors of PSK have an option to sell to MTI Summit the remaining 49% of PSK (the "Option") starting from 2027. The Earn Out has now lapsed and no further consideration is payable to the vendors of PSK. Following the Investment, the Option has been modified to reflect that the vendors' holding in PSK is now 40%. The remaining terms of the Option remain as set out in MTI's announcement of 4 January 2022.

Note 5 - SIGNIFICANT EVENTS (cont.):

• On 29 September 2025, Mrs. Amalia Borovitz Bryl was elected as the Chair of the board, which included entering into the existing Management Services Agreement replacing the late Mr. Zvi Borovitz under the same terms and conditions, effective from 20 August 2025.