9 November 2026

MTI Wireless Edge Ltd

("MTI", the "Company" or the "Group")

Q3 2026 Financial Results and Trading Update

Strong nine-month performance and on track for a good result for the year

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 2026 (the “Period”).

Financial highlights

• Revenue up 9% to $41.2m (9 months 2025: $37.8m)
• Profit before tax up 10% to $4.3m (9 months 2025: $3.9m)
• Earnings per share (basic) up 7% to 4.60 US cents (9 months 2025: 4.31 US cents)
• Strong cash conversion lifted net cash to $8.95m at 30 September 2026 (30 September 2025: $6.40m)
• The Board expects to declare a progressive final dividend alongside the 2026 full-year results, which are expected to be announced in the first quarter of 2027

Operational highlights

• Antenna division: improved performance through the third quarter
  • As anticipated, sales volumes from the multiple defence contracts won in April 2026 are now coming through and are reflected in trading.
  • Nine-month revenue was 11% below the same period in the prior year (H1 2026: 20% below), with a higher-margin sales mix limiting the decline in operating profit to 3%.
  • The division's ABS antenna and RFID solutions both generated good revenues in the quarter, and ABS sales are expected to remain strong through the remainder of the year and into 2027.
  • The record level of defence contracts won in 2026 is now converting into revenue, positioning the division well going forward.
• Mottech: excellent performance
  • Demand for electronic water management and irrigation solutions continues to grow among businesses and governments, supported by growing awareness of the need to reduce water waste.
  • Revenue increased by 22% and operating profit increased by 60% compared with the same period in 2025.
  • Demand was strong in key markets including Israel, Italy, South Africa and the Arabian Gulf.
  • Acquired Interspec in October, a Texas-based long-term distributor for Mottech, representing the Company’s first step towards building a direct presence in the significant US market.
  • Secured two service contracts following Mottech Italy being established in May 2026.
  • Mottech is expected to deliver a strong result for 2026.
• MTI Summit: good performance and substantial order backlog
  • Revenue grew 12%, while a lower-margin sales mix meant operating profit was 12% below the same period in the prior year.
  • Sales volumes at PSK, MTI Summit's defence-focused subsidiary, have grown substantially. Its contract with the Israeli Ministry of Defence has expanded nearly fourfold over the last six months. Part of this volume carries lower margins, which has affected the division's overall profitability.
  • A delay in supplies from a major, long-term European supplier has softened revenue in recent months and created a substantial order backlog which is expected to unwind over the coming monthsas the supplier is solving its internal global Enterprise Resource Planning integration issues.
  • Defence-related orders remain a key driver of the division's performance. MTI Summit is well placed, with a growing number of design tenders supporting a positive outlook.

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

"Each of our three divisions is on track to contribute to a good result for the year. Mottech, in particular, is delivering a standout year, with demand opening up in new markets for its water management solutions, alongside our acquisition of Interspec which provides our first direct presence in the valuable US market. The Antenna division had a slow start to the year, but a series of defence-related contracts won in April are expected to underpin a successful year. MTI Summit is positioned to finish the year strongly, with PSK converting substantial contracts and given the overall order backlog that we have in this division.

While increased demand for defence-related products is a clear tailwind, it is particularly pleasing that our water management and 5G related activities continue to contribute strongly. This breadth of communications and radio frequency expertise across multiple sectors is what makes the Group resilient over the long-term.

Looking ahead, the business is in good shape. At the end of the Period, we had net cash of $8.95m, good demand, a healthy order backlog and visibility over further tenders across all three divisions."

Investor questions on this announcement

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About MTI Wireless Edge Ltd. ("MTI")

Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:

Antenna division

MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 174 GHz.

Internationally recognized as a producer of commercial off-the-shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commercial and military applications.

MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station and terminals for the utility market.

Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

Water Control & Management division

Via its subsidiary, Mottech Water Solutions Ltd (“Mottech”), MTI provides high-end remote control and monitoring solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.

As Motorola's global prime-distributor, Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, improve crop quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.

Distribution & Professional Consulting Services division

Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.

MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

INTERIM CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME

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

MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

INTERIM CONSOLIDATEDSTATEMENTS OF

CHANGES IN EQUITY

For the nine month period ended September 30, 2026 (Unaudited):

(*) Less than 1thousand

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

MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

INTERIM CONSOLIDATEDSTATEMENTS OF

CHANGES IN EQUITY (CONT.)

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

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

MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

INTERIM CONSOLIDATEDSTATEMENTS OF CHANGES IN EQUITY (CONT.)

For the year ended December 31, 2025              :

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.

MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

INTERIM CONSOLIDATED STATEMENTS OF

CASH FLOWS

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

 MTI WIRELESS EDGE LTD.

 (An Israeli Corporation)

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:

M.T.I Wireless Edge Ltd. (hereafter - the “Company”, or collectively with its subsidiaries, the “Group”) is an Israeli corporation. The Company was incorporated under the Companies Act in Israel on December 30, 1998 and commenced operations on July 1, 2000. Since March 2006, the Company’s shares have been traded on the AIM market of the London Stock Exchange.

The formal address of the Company is 11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, Israel.

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

-          Development, design, manufacture and marketing of antennas for the military and civilian sectors.

-          A leading provider of remote control solutions for water and irrigation applications based on Motorola’s IRRInet state of the art control, monitoring and communication technologies.

-          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, 2025 was approved by the board on 3 March 2026. The report of the auditors on those financial statements was unqualified.

The interim consolidated financial statements as of September 30, 2026 have not been audited.

The interim consolidated financial information should be read in conjunction with the annual financial statements as of December 31, 2025 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, 2025 are applied consistently in these interim consolidated financial statements.

Note 3 – REVENUES:

(*) at a 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 30,2026 and 2025 respectively and for the year ended December 31, 2025.

Nine-month periodended September 30, 2026 (Unaudited):

September 30, 2026:

Note 4 - operating SEGMENTS (CONT.):

Nine-month periodended September 30, 2025 (Unaudited):

September 30, 2025:

Year ended December 31, 2025

Note 4 - operating SEGMENTS (CONT.):

December 31, 2025:

Note 5 – SIGNIFICANT EVENTS:

1. The Board of directors declared a cash dividend of 3.4 US cents per share being approximately $3,010,000. This dividend was paid on 14 April 2026 to shareholders on the register at the close of trading on 27 March 2026.
2. The financial statements for the year ended 31 December 2025 were authorized for issue by the board as a whole following their approval on 3 March 2026.
3. 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 stated intention was to hold the Ordinary Shares purchased for a longer period of time. The Programme was suspended on 23 September 2026 and as at 30 September 2026, 2,343,000 Ordinary Shares were held in treasury under the Programme.  
4. On 9 February 2026, Mottech Water Solutions acquired the remaining 50% interest in its Australian subsidiary Mottech Parkland (Pty) Ltd. (Mottech Parkland) for AUD550,000 and is now the sole owner of Mottech Parkland (Pty) Ltd.
5. During June 2026, employees of the Company exercised options over 30,000 Ordinary Shares in exchange for a total consideration of approximately $15,000. There are currently 1,870,000 share options granted under the current employee share option plan of the Company with 920,000 being fully vested.
6. On 21 October 2026, the Company announced the acquisition of Interspec LLC., (“Interspec”) its key distributor in the USA as part of its plan to expand the offering in the territory. The maximum consideration for this acquisition is up to approximately $2.6 million and MTI will also provide funding of approximately $1.2 million to Interspec to support the expansion of the business. During the acquisition process Interspec changed its legal name to Mottech Interspec Inc.