Allenby Capital: MTI Wireless Edge Ltd Q1 results

Q1 results from MTI Wireless Edge Ltd (MWE.L), the technology group focused on comprehensive communications and radio frequency solutions across multiple sectors, indicate a solid start to FY26 with group revenue +6% to $12.8m and a 21% increase in EBIT to $1.5m, reflecting a higher margin mix and operational gearing. The results once again demonstrate the benefits of MTI’s diversified model with good growth in Water Control & Management (Mottech) and Distribution and Professional Services (MTI Summit & PSK), offset by a decline in Antennas (E-band 5G backhaul and military). The outlook remains positive with contracts secured in April totalling more than $9m across MTI Summit, PSK and Antennas for delivery in FY26 and FY27. Cash fell a l...