M.T.I Wireless Edge (MWE) Q2 2025 earnings summary

Executive summary

• Revenue reached $24.1M in H1 2025, up 8% year-over-year, with net profit of $2.0M, and EPS of 2.50 US cents, up 17% year-over-year.

• All business segments remained profitable, with strong performance in defense, antenna solutions, and water management.

• Operational cash flow matched operational profit, with net cash of $5.1M and operational cash flow of $2.5M.

• Growth was supported by increased defense budgets, demand for smart irrigation, and 5G backhaul solutions.

• The company increased its stake in PSK Wind Technologies to 60% in May 2025.

Financial highlights

• Gross profit rose 13% year-over-year to $7.8M, and operating profit increased 11% to $2.5M.

• Net profit to shareholders grew 15% to $2.16M.

• Dividend of $2.92M paid in April 2025, with a 6% year-over-year increase and $16M paid over six years.

• Buyback program extended to March 2026, with 2.34M shares held in treasury and up to £1,000,000 authorized.

• 5G backhaul revenues grew 40% in H1 2025 after doubling in 2024.

Outlook and guidance

• Strong backlog and pipeline for 2025 and beyond, with further growth expected from defense, smart irrigation, and 5G backhaul.

• Continued focus on EPS growth and shareholder returns.

• M&A activity and opportunities under consideration, only if profit-enhancing.

• The company continues to monitor the impact of the ongoing conflict in Israel.