MTI Wireless Edge surges as FY25 revenue and earnings set to beat expectations

(Sharecast News) - Radio frequency solutions business MTI Wireless Edge said on Tuesday that it expects full-year revenues to be at the "high end" of current market expectations at approximately $51.5m. Following very strong growth in underlying earnings in FY25, up approximately 30% over FY24, MTI expects reported earnings per share to be "significantly ahead" of current market expectations.

MTI said cash generated from operating activities was "strong" in FY25 and that it now expects net cash to be approximately $9.4m, which was also significantly ahead of current market expectations.

The AIM-listed firm expects to announce its audited final results for FY25 in early March.

Chief executive Moni Borovitz said "2025 was a good year with all three divisions contributing strongly. The defence sector being the key area of outperformance and this is likely to continue as Governments globally continue to commit to greater defence spending.

"Revenue came in on the upper end of expectations, while EBIT we believe will significantly exceed expectations driven by a favorable product mix. Cash generation was also better than the market expected."

As of 1010 GMT, MTI Wireless shares had shot up 14.17% to 58.80p.





Reporting by Iain Gilbert at Sharecast.com