EnSilica: Record FY26 Demonstrated the Scalability of EnSilica’s Business Model
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR
5 October 2026
EnSilica plc
("EnSilica", the "Company" or the “Group”)
Final Results
Record FY26 demonstrated the scalability of EnSilica’s business model
EnSilica plc (AIM: ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space and Communications, Photonics, Industrial, and Automotive markets, is pleased to announce its audited results for the financial year ended 31 May 2026 (“FY26”, “FY 2026” or the “Year”).
Financial Highlights:
| FY26 Audited | FY25 Audited | Change | |
|---|---|---|---|
| Total Revenue Chip Supply Revenues | £27.8m £6.7m | £18.2m £5.7m | 53% ↑ 16% ↑ |
| EBITDA Net Operating Cash Flow Cash | £5.9m* £6.2m £7.6m | £0.0m £2.1m £2.0m | £5.9m ↑ 195% ↑ 280% ↑ |
| Lifetime Supply Visibility** | $375m | $250m | 50% ↑ |
| Sales & Opportunities Pipeline*** | $600m+ | $400m | 50% ↑ |
* Improved from previous expectations as a result of increased tax credit included within Other income due to a higher than estimated level of qualifying R&D expenditure
Financial Highlights:
| FY26 Audited | FY25 Audited | Change | |
|---|---|---|---|
| Total Revenue | £27.8m | £18.2m | 53% ↑ |
| Chip Supply Revenues | £6.7m | £5.7m | 16% ↑ |
| EBITDA | £5.9m* | £0.0m | £5.9m ↑ |
| Net Operating Cash Flow | £6.2m | £2.1m | 195% ↑ |
| Cash | £7.6m | £2.0m | 280% ↑ |
| Lifetime Supply Visibility** | $375m | $250m | 50% ↑ |
| Sales & Opportunities Pipeline*** | $600m+ | $400m | 50% ↑ |
* Improved from previous expectations as a result of increased tax credit included within Other income due to a higher than estimated level of qualifying R&D expenditure
** Expected lifetime supply revenues based on customer forecasts
*** Potential new business identified and pursued by the business
- Moved into profitability with a step change improvement in revenue, cash generation, sales conversion and pipeline
- In March, an over-subscribed equity fundraise raised gross proceeds of £10 million to accelerate the growing sales pipeline
- Post year end, the Company secured gross proceeds of £14.9 million in another oversubscribed equity fundraise
Commenting on FY26, CEO Ian Lankshear, said:
"This has been a record year for EnSilica. Our revenues grew 53% to £27.8 million and we generated record EBITDA of £5.9 million, delivering significant growth in our target markets. Importantly, we have evolved from a design services business into a semiconductor design and supply platform, validating the scalability of our model.
We now have five ASICs in volume production generating recurring revenue, with a further fourteen chip programmes in design which we expect to convert into long-term supply revenues over the coming years.
With a growing base of recurring revenue and a clear focus on the high-margin space and satellite communications market, we are confident that EnSilica is well positioned to sustain this momentum into FY27 and beyond."
Operational Highlights:
• Secured a $75 million automotive contract win with a German tier-one supplier, our largest automotive win to date
• Entered into two landmark development contracts with a leading European satellite operator to develop two chips for its next-generation satellite network potentially worth over $50 million from 2030 onwards
• Two tape outs completed in FY26, three tape outs completed in FY27 and a further two tape outs expected to complete in FY27
• As part of the above, the Edge AI ASIC completed production tape-out, marking a key development milestone ahead of volume production as well as releasing US$5m NRE and tape-out fee recognised across FY26 and FY27
• New Space and Communications Semiconductor Centre of Excellence opened in Milan, expanding the Company's engineering footprint in Europe
• In April, the Company began cross trading on the United States OTC market, broadening its investor base
• Five chips now in supply, with a further 14 in design and future supply expected
Outlook
• EnSilica enters FY27 with a strong order book, with more than 80% of anticipated total revenue for FY27 already visible from existing contracts, supply agreements and customer orders
• The space market is expected to grow fivefold by 2030, making it a key tailwind behind our continued growth
• Our ambition remains focussed on increasing recurring supply revenues alongside adding four to five new chip programmes each year, driving revenues towards our medium term annual target of £100m and EBITDA margins towards our 30% target
4 minute video with CEO, Ian Lankshear, discussing FY26 and future prospects…
https://www.londonstockexchange.com/news-article/ENSI/final-results/17818810
Investor Presentation
An online presentation of the annual results will be held on Tuesday, 13 October 2026 at 11.00 a.m. BST. The presentation will be hosted on the Investor Meet Company ("IMC") platform. Questions can be submitted pre-event via the IMC dashboard up until 9.00 a.m. BST the day before the meeting or at any time during the live presentation.
Investors can sign up to IMC for free and add EnSilica to attend the webcast via:
https://www.investormeetcompany.com/ensilica-plc/register-investor
Annual Report and AGM
The Company's annual report and accounts together with notice of the annual general meeting ("AGM") will be posted to shareholders this week and will be made available on the Company's website.
The Annual General Meeting will be held on 30 October 2026 at 2.00 p.m. GMT at Innovation Centre, 99 Park Drive, Milton Park, Oxfordshire OX14 4RY.
For further information please contact:
| EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer www.ensilica.com | via Novella Communications +44 (0)20 3151 7008 |
|---|---|
| Allenby Capital Limited (Nominated Adviser & Joint Broker) Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking) | +44 (0)20 3328 5656 info@allenbycapital.com |
| Panmure Liberum Limited (Joint Broker) Edward Mansfield / Will King / Zak Wadud | +44 (0)20 3100 2000 |
| Novella Communications (Investor & Financial Public Relations) Tim Robertson / Oliver Norton | +44 (0)20 3151 7008 ensilica@novella-comms.com |
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