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MTI Wireless Edge Ltd shares jumped on Monday as it reported increased earnings in the first nine months of the year as global defence spending rises. The Rosh Haayin, Israel-based maker of antennas for military and commercial use said revenue increased 12% to $37.8 million in the nine months to the end of September from $33.7 million a year ago. Pretax profit climbed 10% to $3.9 million from $3.6 million, while basic earnings per share were up 20% to 4.31 US cents from 3.60 cents. MTI Wireless said its Antenna division ‘performed strongly’ as it benefitted from an increase in defence spending. The firm noted that rising global demand for military antennas was the ‘principal driver of growth’ in the third quarter and the first nine months of the year as a whole. It said there was a slower level of demand for its 5G backhaul solution in India compared to the first half of the year, which has continued into the final quarter. Looking ahead, the company said it is positioned for a ‘strong full year outturn’ supported by all three divisions performing well. Growth is being driven by three markets: defence, the roll out of 5G and solutions addressing water scarcity, MTI Wireless said. It said the defence sector now accounts for 48% of total sales. The company added that its strong cash position and cash generation ‘supports a progressive dividend’ which it expects to declare during the first quarter of 2026. ‘This quarter delivered record revenues and profitability, positioning the business for a strong full-year performance,’ said Chief Executive Officer Moni Borovitz. ‘The group also has a robust order backlog to support the final quarter of 2025, and looking ahead into 2026, a series of upcoming significant tenders are expected to further strengthen the order book.’ Shares in MTI Wireless Edge were up 12% at 47.67 pence on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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