AIRSPAN COMMUNICATIONS LIMITED

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  Material uncertainty over going concern

  The Group incurred a loss of $78.9 million and accumulated losses of $842.9 million. Total liabilities were $572.8 million, $565.8 million due to the parent company. The Group relies on its parent for financing, with parent debt/facility maturing in 2026. Uncertainty exists regarding refinancing or having available cash to satisfy this debt.

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  Going-concern uncertainty disclosed

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  Negative shareholders' funds

Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group incurred a loss of $78.9 million and accumulated losses of $842.9 million. Total liabilities were $572.8 million, $565.8 million due to the parent company. The Group relies on its parent for financing, with parent debt/facility maturing in 2026. Uncertainty exists regarding refinancing or having available cash to satisfy this debt.”

Group structure

1. AIRSPAN COMMUNICATIONS LIMITED · parent
   1. Airspan Networks Limited 100% · Israel · Telecom equipment development
   2. Airspan Networks (Poland) Sp zoo 100% · Poland · Telecom equipment sales
   3. Airspan Networks (India) Private Limited 99% · India · Telecom equipment sales
   4. Airspan Communications Limited (Nepal) 100% · Nepal · Telecom equipment sales
   5. Airspan Italy SRL 100% · Italy · Telecom equipment sales
   6. Cong TY TNHH Airspan Vietnam 100% · Vietnam · Contract manufacturer liason
   7. Airspan Solutions Limited 100% · Israel · Dormant
   8. Airspan Networks (Finland) OY Limited 100% · Finland · Dissolved in 2024
   9. Airspan Networks Pty Limited 100% · Australia · Dormant

Significant events

• “On 31 March 2024, the Company's U.S. parent and its U.S. subsidiaries filed voluntary petitions for relief under Chapter 11 of title 11 in the U.S. Bankruptcy Court. The Company's U.S. parent and the U.S. subsidiaries emerged from Chapter 11 on 11 October 2024.”
• “On 1 April 2024, the staff of NYSE Regulation announced its determination to commence proceedings to delist Airspan TopCo's common stock... and trading of the Common Stock was suspended immediately.”
• “On 11 October 2024, Airspan TopCo filed a Form 15 with the SEC to suspend the Airspan TopCo's public reporting obligations with the SEC.”
• “During 2024 and 2025, the Group significantly reduced its operations in Israel. The supply chain and inventory was moved to the U.S. The Israel building lease ended in April 2025 and was not renewed.”
• “The Australia subsidiary was dissolved during 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.