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RNS Number : 7877Q MTI Wireless Edge Limited 17 August 2026 17 August 2026 MMTI Group MTI Wireless Edge Ltd ( " MTI " , the " Company " or the " Group " ) Interim results Double Digit Growth , Strengthening Operating Margin & Positive Business Mix MTI Wireless Edge Ltd ( AIM : MWE ) , the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors , is pleased to today announce its financial results for the six month period ended 30 June 2026 . Financial highlights - double digit growth at all levels . 11 % growth in revenues to US $ 26.7m ( H1 2025 : US $ 24.1m ) 21 % increase in operating profit to US $ 3.0m ( H1 2025 : US $ 2.5m ) . 28 % rise in net profit to US $ 2.5m ( H1 2025 : US $ 2.0m ) • 15 % boost to basic earnings per share to 2.88 US cents ( H1 2025 : 2.50 US cents ) Continued strong cash position with net cash standing at US $ 7.7m on 30 June 2026 , reflecting high cashflow conversion rate and after a $ 3.0m dividend payment in April 2026 ( net cash at 31 December 2025 : $ 9.4m ) Operational highlights Antenna division The Antenna division is well positioned following the award of a series of significant defence contracts in April 2026 . These contracts were secured late in the period and due to this timing , the Antenna division's H1 revenues were 20 % below the prior year comparison . Nonetheless , a stronger business mix delivered improved margins , resulting in the division's operating profit broadly in line with H1 2025 , excluding a $ 100,000 bad debt provision made this year . With the benefit of the new contracts , together with a strong existing order backlog , the division is well placed for the second half of the year . Reflecting the rise in conflicts globally , defence orders are expected to continue to be the primary driver of future revenues for this division . Order intake has been high from this sector alongside a notable increase in contract values . Mottech Mottech delivered an excellent period of outperformance , with sales increasing 31 % and operating profit rising 51 % compared with H1 2025. Demand for Mottech's services was particularly strong across international markets with North America , Italy and the Arabian Gulf being key contributors to growth . The division opened a new office in Italy in May . The division is assessing opportunities to bring selected external distribution businesses in - house in key markets ,