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SPPAYTON PLANAR Innovation Design Performance HY1 2026 Report REGULATED INFORMATION PRESS RELEASE August 18 , 2026 19:00 CET Order Backlog as of June 30 , 2026 , of USD 23,274 thousand ( December 31 , 2025 - USD 17,401 thousand ) Sales Revenues of USD 20,480 thousand Net profit USD 2,257 thousand Ness - Ziona ( Israel ) - Payton Planar Magnetics Ltd. today announced its financial results for the first half of 2026 ( six - month period ending June 30 , 2026 ) . Net profit for the first six months of 2026 totaled USD 2,257 thousand . Sales revenues for the first six months of 2026 totaled USD 20,480 thousand . The Group's sales revenues for the six - month period ended June 30 , 2026 , were USD 20,480 thousand compared with USD 23,009 thousand in the six - month period ended June 30 , 2025 . Despite ongoing global economic slowdown , during the second quarter of the year , the Group's order backlog showed accelerated growth signs , providing a positive indication of future growth . Order backlog of the Group as of June 30 , 2026 , was USD 23,274 thousand ( December 31 , 2025 USD 17,401 thousand ) . The backlog is composed of the firm orders of the Company and its three fully owned subsidiaries . Management estimates that most of the backlog as of June 30 , 2026 , will be supplied within the next nine months by March 31 , 2027 . - It is noted that the above statements are forward - looking statements as defined below . Key financial highlights for the first half of 2026 Sales revenues The Group's sales revenues for the six - month period ended June 30 , 2026 were USD 20,480 thousand compared with USD 23,009 thousand in the six - month period ended June 30 , 2025 , reflecting a decrease of 11 % . The decrease in sales is attributable to the global slowdown across the traditional industrial sectors , communications and consumer products , and specifically to a decrease in sales of two previously high - volume projects : one related to principal customer A , whose project reached its End of Life , and the second , related to principal customer C , due to a slowdown in demand for electric vehicles incorporating the Company's transformers . Gross result The Group's gross profit for the six - month period ended June 30 , 2026 amounted to USD 8,177 thousand ( 40 % of sales ) compared with USD 10,250 thousand ( 45 % of sales ) in the six - month period ended June 30 , 2025. Gross margin was affected by the decrease in sales volume , by SI's lower margins , and was also influenced by product mix and production sites . Expenses The Group's General & Administrative expenses for the six - month period ended June 30 , 2026 were USD 3,456 thousand and USD 2,720 thousand in the six - month period ended June 30 , 2025. The increase was attributable to various factors , mainly : higher labor costs denominated in local currencies and translated into USD , increased employee engagement expenses , higher legal and related costs , and the consolidation of SI's G & A expenses .