EnSilica (ENSI) H1 2026 TU earnings summary

Executive summary

• Achieved over 35% like-for-like revenue growth in H1 FY 2026, driven by strong NRE and recurring supply revenue from existing contracts.

• Maintained focus on high-growth, technology-led end markets, especially satellite communications and secure chip demand.

• Increased relevance of PQC-ready security IP across multiple critical sectors.

Financial highlights

• H1 FY 2026 revenues expected to be around £12.7 million, up from £9.3 million in H1 FY 2025.

• EBITDA profit of approximately £1.7 million, compared to an EBITDA loss of £0.2 million in H1 FY 2025.

• Cash balance at 30 November 2025 was £2.0 million, unchanged from 31 May 2025.

Outlook and guidance

• FY 2026 revenue guidance reiterated at £28–30 million, with over 95% already covered by existing contracts.

• EBITDA for FY 2026 guided between £3.5 million and £4.5 million.

• Anticipates positive monthly cash generation by end of calendar year 2026.

• Second half of FY 2026 expected to be revenue-weighted due to scheduled chip tape-outs.