EnSilica hails record annual results, shares surge

EnSilica PLC shares jumped on Monday after the company reported what it described as a "record year".

EnSilica shares were up 14% to 84.50 pence in London.

The Oxfordshire, England-based company designs silicon custom microchips, known as application-specific integrated circuits, while outsourcing their fabrication.

For the 12 months ended May 31, revenue increased 53% to £27.8 million from £18.2 million a year earlier. The company also swung to a pretax profit of £2.3 million, compared with a £3.5 million loss in financial 2025.

EnSilica completed two equity fundraises, raising £10.0 million in March and a further £14.9 million after the period-end. Both were oversubscribed. The company said the funds will be used to expand its recurring supply revenue, increase engineering capacity and strengthen its position across its end markets.

The company, which operates in the space & satellite communications, automotive, industrial and photonics sectors, said the global semiconductor market is projected to reach USD1 trillion in annual sales by 2030, with ASICs accounting for around 5%.

Chief Executive Officer Ian Lankshear said: "With a growing base of recurring revenue and a clear focus on the high-margin space and satellite communications market, we are confident that EnSilica is well positioned to sustain this momentum into financial 2027 and beyond."

EnSilica also reported strong visibility for the year ahead, with more than 80% of anticipated financial 2027 revenue already covered by existing contracts, supply agreements and customer orders.

Five ASICs are now in volume supply, while the company said its supply-only offering had developed into a repeatable model.

The company said it continues to add four to five new chip programmes each year, providing a foundation for longer-term growth.

EnSilica will hold its annual general meeting on October 30.

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