Sale of Non-Core Businesses and Notice of Results

LEI: 213800FLQUB9J289RU66

24 July 2025

BATM Advanced Communications Limited

("BATM" or "the Group") 

Sale of Non-Core Businesses

Notice of Results

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, is pleased to announce the sale of three of its non-core businesses as the Group continues to execute on its strategy to exit its non-core activities and drive focus on its core strengths of networks, cyber and diagnostics. The Group also gives notice of its interim results announcement for the six months ended 30 June 2025.

Strategic execution - sale of non-core businesses

On 30 June 2025, the Group sold two of its non-core businesses, namely Celitron, its eco-med business in Hungary, and Zer Laboratories, an administrator of third-party pre-natal diagnostic tests in Israel. The businesses had been lossmaking for multiple years and the eco-med business had been classified earlier in the year as a discontinued operation for the purpose of the Group's financial reporting.

The Group had readied these operations for sale and intended to close them, to preserve the Group's cash resources, if a sale did not occur during 2025. By securing the sale of these operations, the Group will significantly reduce its costs and ongoing commitments related to these businesses. The Group has also received a total of c. $383k in cash in consideration for the disposals.

In addition, further to the announcement of 5 March 2025, the Group is pleased to confirm that the sale of its Progenetics subsidiary was completed by the end of the first half of 2025 for a total consideration of $2m for the Group's 51% shareholding.

Notice of results

The Group gives notice that it will announce its interim results for the six months ended 30 June 2025 on Monday 18 August 2025.

Moti Nagar, Chief Executive Officer, and Lior Miles, Chief Financial Officer, will be hosting a webinar for investors and analysts at 1.00pm BST on Thursday 21 August 2025. To register to participate or submit a question in advance, please use the following link: https://forms.gle/8FNaWeZrvnUUyivm9

Moti Nagar, Chief Executive Officer of BATM, said: "During the first six months of 2025, we have worked diligently to secure the sale of three of our non-core businesses, alongside taking action to drive growth in our core activities. This is a key part of our strategy to become a focused business comprising BATM Networks, BATM Cyber and BATM Diagnostics. We are continuing to pursue further disposals as well as M&A opportunities that will enable us to accelerate growth in our core divisions. We look forward to updating the market on our progress in due course."

Enquiries

Forward-looking statements  

This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, due to the risk factors that are detailed in the Group's Annual Report, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.