EnSilica (ENSI) Trading Update summary

Trading performance and contract wins

• Secured six new design and supply contracts in the first ten months of FY 2025, with NRE revenues exceeding $4 million across two years.

• Total lifetime revenue from supply contracts now expected to surpass $250 million.

• Chip supply revenues projected to double to approximately £6 million in FY 2025 versus the prior year.

Impact of customer delays

• Two major customer delays will materially reduce NRE revenues in FY 2025, shifting significant revenue and EBITDA to FY 2026 and FY 2027.

• The SIAE MICROELETTRONICA contract and an Edge AI chip project both delayed, reducing FY 2025 revenue by about £4 million and EBITDA by £2 million.

• Anticipated total contract revenue remains unchanged despite timing shifts.

Financial guidance and outlook

• FY 2025 revenue now expected between £19 million and £20 million, with EBITDA between £2.5 million and £3 million.

• FY 2026 revenue guidance set at £33–35 million, with about 80% already contracted.

• Board expects positive cash generation by end of FY 2026, supported by a strong NRE order book and increasing chip supply profits.