Highlights:

  • EnSilica H1 FY 2026 revenues reached GBP 12.7m, up more than 35% year-on-year.
  • EBITDA improved to GBP 1.7m, compared to a loss of GBP 0.2m in H1 FY 2025.
  • Cash balance remained stable at GBP 2.0m as of 30 November 2025.

EnSilica plc (LSE:ENSI), a fabless chipmaker of mixed-signal ASICs, reported revenue growth exceeding 35% on a like-for-like basis for the six months ended 30 November 2025. The increase was driven by both Non-Recurring Engineering (NRE) income and recurring supply revenue from existing contracts.

The company maintained its focus on technology-led end markets, noting expansion in satellite communications, including user terminals, payloads, and resilient positioning, navigation, and timing systems. Demand for secure, long-lifecycle chips grew in line with regulatory requirements and supply chain considerations.

EnSilica’s Post-Quantum Cryptography (PQC)-ready security IP and architectures were highlighted as increasingly relevant across satellite, automotive, industrial, and critical infrastructure applications.

Design and NRE Activities
NRE design activity continued through the period, with new programme wins complementing ongoing long-term engagements. The pipeline of advanced ASIC programmes is expected to support future chip supply revenue streams.

Financial Overview
The Group anticipates H1 FY 2026 revenues of approximately GBP 12.7m, up from GBP 9.3m in H1 FY 2025. EBITDA improved to GBP 1.7m, reversing the prior period’s loss of GBP 0.2m. The cash balance remained at GBP 2.0m as of 30 November 2025, consistent with the prior period.

For the full fiscal year ending 31 May 2026, the Board reiterated guidance of revenues between GBP 28m and GBP 30m, with over 95% of revenues supported by existing customer contracts. EBITDA is forecast in the range of GBP 3.5m to GBP 4.5m. The company expects monthly cash generation to become positive by the end of calendar year 2026.

Share Performance
ENSI was trading at GBX 53.95, up by 4.15% on 7 Jan 2025