Alphawave Semi - Interim results for the six months ended 30 June 2024

LONDON, United Kingdom and TORONTO, Ontario, Canada -- September 23, 2024 – Alphawave IP Group plc (LSE: AWE, “Alphawave Semi”, or the “Company” and together with its subsidiaries, the “Group”), a global leader in highspeed connectivity for the world’s technology infrastructure, announces its interim results for the six months ended 30 June 2024.

Note: Due to rounding, numbers presented in the table may not add up to the totals provided and percentages may not precisely reflect the absolutely figures. ‘nm’, where referenced, means ‘not meaningful’.

¹ See Alternative Performance Measures (APMs) section on page 30. Adjusted EBITDA and adjusted profit after tax exclude foreign exchange adjustments, share-based payments, deferred compensation payments, and M&A transaction costs.

² H1 2023 restated – see note 2 ‘interim 2023 restatement’ paragraph.

³ Bookings are a non-IFRS measure representing legally binding and largely non-cancellable commitments by customers to license our technology. Bookings comprise licence fees, non-recurring engineering, support, silicon orders, and, in some instances, our estimates of potential future royalties.

⁴ Both FSA (Flexible Spending Account) drawdowns and China re-sale licences convert previously announced contractual commitments included within bookings reported in prior periods to new product design wins which will be recognised as revenue over time.

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