Revenue rose to $60.4 million from $58.9 million a year earlier
LONDON: BATM Advanced Communications Ltd. (LSE: BVC; TASE: BVC), a global provider of network infrastructure, cybersecurity and diagnostic technologies, reported interim results for the six months ended June 30, 2025, showing modest revenue growth and strategic execution across its core divisions.
Revenue rose to $60.4 million from $58.9 million a year earlier, while gross profit increased to $19.8 million, lifting gross margin to 32.7% from 31.7%. Adjusted operating profit fell to $2.0 million from $3.6 million, and adjusted EBITDA declined to $4.0 million from $5.7 million.
Cash and short-term investments stood at $27.0 million as of June 30, down from $31.6 million at year-end 2024.
CEO Moti Nagar said the Group made “excellent progress” toward its strategic goals, citing growth in BATM Networks and Diagnostics, and a major milestone in BATM Cyber with the delivery of its first commercial encryption platform.
“We exited the first half of 2025 in a much stronger position than when we entered,” Nagar said. “With positive momentum continuing into the second half, we are on track to deliver year-on-year growth for the full year.”
Operational Highlights
- BATM Networks saw renewed growth, driven by carrier ethernet and Edgility. Four new X-series products were launched, including a Tier 1 order from Mexico. Telebras in Brazil initiated a proof of concept for Edgility.
- BATM Cyber delivered its first commercial encryption units and secured a $2.1 million government contract for advanced cyber capabilities.
- BATM Diagnostics expanded reagent sales and entered Italy with MDXlab, securing multi-year agreements.
The Group also divested three non-core businesses, aligning with its strategy to focus on high-growth segments.