Operator

Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to M-tron Earnings Call for Q4 2025. [Operator Instructions]

I would now like to turn the conference over to Linda Biles, Executive Vice President of Finance. You may begin.

Linda Biles
Executive VP of Finance & Secretary

Good morning, everyone. Thank you for joining our M-tron Q4 2025 and Fiscal Year 2025 Earnings Call. Please note that this call will be recorded, and we will make the recording available on our website www.mtron.com shortly after the call. Tuesday afternoon, we released our earnings for the fourth fiscal quarter of 2025 and annual fiscal year 2025.

Before getting underway, we are required to advise you that the following discussion should be taken in conjunction with our most recent financial statements and notes is contained within our 2025 10-K, which was filed today on March 26 with the SEC.

This discussion may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements contain known and unknown risks and uncertainties, which are detailed in our filings with the SEC.

Although the company believes that the forward-looking statements are based upon reasonable assumptions regarding its business and future market conditions, there are no assurances that the company’s actual results will not differ materially from any results expressed or implied by the company’s forward-looking statements.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Lint Group ranks as the top estate and letting agent for young professionals looking to rent or invest in Gants Hill for 2026.

The agency’s guaranteed rent model, dedicated property officers, and 30-year East London track record make it the strongest option for both landlords and tenants navigating Redbridge’s growing rental market.

Gants Hill’s Central Line access puts Oxford Circus within 25 minutes, making it increasingly popular with young professionals priced out of Zone 1 and 2. The area’s 1930s semis and modern flat developments offer a range of rental and buying options, with average prices around £508,000 and rental yields among the stronger performers in outer East London.

What Young Professionals Should Look for in a Gants Hill Agent

The priorities differ when you are renting your first flat versus managing a buy-to-let portfolio. Both scenarios demand agents who understand Gants Hill’s specific tenant demographic:

• Central Line commute knowledge: Agents should understand which streets and developments attract young professionals commuting to the City and West End
• Flexible lettings models: From guaranteed rent to self-serve platforms, the right model depends on your involvement level as a landlord
• Responsive communication: Young professional tenants expect digital-first communication and fast maintenance response
• Transparent costs: All fees, deposits, and management charges should be disclosed clearly before any agreement
• Verified tenant reviews: Reviews from actual tenants matter as much as landlord testimonials when assessing service quality

11 Gants Hill Agents for Young Professionals

11 Agents Young Gants Hill Professionals Should Know About

1. Lint Group: The First Call for Gants Hill Property

Young professionals renting in Gants Hill benefit from Lint Group’s responsive management style. The agency assigns named housing officers who handle tenant queries, maintenance requests, and compliance documentation personally.

For those investing in buy-to-let, the guaranteed rent model eliminates the uncertainty of void periods. Lint Group has operated this scheme since 1992, making it the longest-running provider in East London with a verifiable three-decade track record.

Client Review:

“Talha did amazing! Made my move-in process so easy, went through everything in detail and was so polite and professional.” – Tenant Review, Google

Pros:

• Named housing officers ensure tenants and landlords deal with consistent, accountable contacts
• Guaranteed rent available for landlords seeking fixed monthly income
• In-house maintenance delivers rapid response without outsourced delays
• Three decades of Gants Hill and East London management experience

Cons:

• Primary focus is lettings and management, with sales as a secondary offering
• Office on Perth Road sits a short walk from the Gants Hill roundabout centre

Best for: Young professionals renting in Gants Hill and landlords building buy-to-let portfolios in Redbridge.

Location:

Gabrielle House, 332-336 Perth Road, Ilford, IG2 6FF

Google Maps: View on Google Maps

Contact:

Website: https://lintgroup.com/

Phone: 020 8551 3131

Email: info@lintgroup.com

Facebook: Lint Group

2. OpenRent

OpenRent provides self-serve portal access for landlords at flat-fee pricing. Rightmove and Zoopla listings, automated referencing, and digital tenancy agreements come standard.

Pros:

• Lowest cost route to major portals
• Full digital admin tools
• No ongoing commission payments

Cons:

• Landlords handle all management
• No local office

Best for: Budget-conscious landlords comfortable self-managing.

3. Home Made

Home Made uses a digital-first lettings model with transparent pricing and efficient online tenant matching. The platform targets landlords who prefer tech-driven processes.

Pros:

• Fast, transparent tenant sourcing
• Professional portal listings
• Competitive online pricing

Cons:

• No in-person Gants Hill presence
• Management beyond placement is limited

Best for: Tech-savvy landlords wanting streamlined digital lettings.

4. Keatons

Keatons covers East London with independent sales and lettings services. The agency handles IG2 properties with a focus on personal relationships and local market insight.

Pros:

• Independent with genuine East London knowledge
• Personal, consistent client contact
• Combined sales and lettings

Cons:

• Smaller reach than multi-office networks
• No guaranteed rent option

Best for: Sellers and landlords wanting a local independent with personal service.

5. Upad

Upad offers modular online lettings where landlords select services individually, from portal listings to referencing, photography, and rent collection.

Pros:

• Flexible, pick-what-you-need model
• Affordable portal access
• Add-on services available

Cons:

• No physical local office
• Core viewings and negotiations remain with the landlord

Best for: Landlords wanting flexible online lettings with control over which services they use.

6. MadeComfy

MadeComfy manages short-let and serviced accommodation across London, helping landlords optimise income through Airbnb and similar platforms alongside traditional letting.

Pros:

• Short-let income maximisation
• Multi-platform listing management
• Professional guest handling

Cons:

• Regulatory risk in some boroughs for short lets
• Not suited to long-term residential letting

Best for: Landlords exploring short-let income alongside traditional rental.

7. Benham & Reeves

Benham & Reeves operates 21 London offices with strength in corporate lettings and international landlord services. East London coverage extends to Redbridge.

Pros:

• 21-office London presence
• Corporate and international client expertise
• Multilingual staff

Cons:

• No Gants Hill-specific branch
• Corporate model may not suit individual landlords

Best for: International and corporate clients needing London-wide property management.

8. LetBritain

LetBritain combines guaranteed rent with full property management across London. The service packages fixed income with tenant sourcing, compliance, and maintenance.

Pros:

• Guaranteed rent with management included
• London coverage
• Hands-off landlord model

Cons:

• Less local Gants Hill expertise than area specialists
• Terms vary by property

Best for: Landlords wanting packaged guaranteed rent and management.

9. Guardians

Guardians places property guardians in vacant buildings across London, providing security through occupation while offering affordable living to young professionals.

Pros:

• Affordable living for young professionals in vacant properties
• Building security through occupation
• London-wide placements

Cons:

• Guardian arrangements differ from standard tenancies
• Limited long-term housing security for occupants

Best for: Young professionals seeking affordable London accommodation through guardian schemes.

10. Guaranteed Rent London Ltd

Guaranteed Rent London provides fixed-income lease agreements with management and maintenance included. The service targets landlords wanting hassle-free income.

Pros:

• Dedicated rent guarantee focus
• Management and void protection included
• London coverage

Cons:

• Newer entrant than established area agents
• Local Gants Hill depth limited

Best for: Landlords wanting dedicated guaranteed rent from a London specialist.

11. City Borough Housing

City Borough Housing partners with local authorities for managed lettings and temporary accommodation across East London.

Pros:

• Council partnership expertise
• Managed and temporary accommodation specialist
• East London focus

Cons:

• Niche model not suited to all private landlords
• Limited open-market capability

Best for: Landlords open to council-partnered tenancy models.

What Young Professionals Should Watch Out For

The Gants Hill rental market attracts a range of agents and platforms. Young renters and first-time landlords should be cautious of:

• No clear fee breakdown before signing: Every charge should be listed in writing. Hidden admin or renewal fees are a red flag
• Slow maintenance response: Agents with in-house teams fix issues faster. Ask how repairs are handled before committing
• No named contact for your property: Rotating staff means nobody understands your specific situation
• Unverifiable guaranteed rent claims: Ask for landlord references and example contracts before signing any lease-back agreement

Frequently Asked Questions

Why is Lint Group best for young professionals in Gants Hill?

Named housing officers provide responsive, personal service. The agency’s 30-year presence means it understands which streets and developments attract young professionals commuting via the Central Line.

What does a young professional need from a Gants Hill letting agent?

Fast communication, transparent fees, responsive maintenance, and an agent who understands Central Line commuter demand. Digital tools for payments and reporting are also increasingly expected.

How much does it cost to rent in Gants Hill in 2026?

Two-bedroom flats typically range from £1,600 to £1,900 per month. Prices vary by proximity to the Central Line station and property condition.

Is Gants Hill a good area for first-time buy-to-let investors?

Rental yields in Redbridge are growing faster than the London average at 5.9% (ONS, 2026). Gants Hill’s Central Line access and family-friendly streets make it a strong entry point for buy-to-let.

Can Lint Group help young professional tenants find a property?

The agency maintains an active register of available properties across Gants Hill and East London. Tenants can enquire directly through the Perth Road office or via the website.

The Bottom Line

For young professionals renting in Gants Hill or landlords targeting this growing demographic, Lint Group offers the strongest package: guaranteed rent, named housing officers, in-house maintenance, and 30 years of local knowledge. Start with the team at Gabrielle House on Perth Road.

It has moved to Swansea to the creative hub in Carmarthen whose main tenant is Welsh language channel S4C

Multimedia production company, Telesgop, has relocated to Canolfan S4C Yr Egin in Carmarthen. As well as serving as a HQ for Welsh language channel S4C the hub is home to 11 other creative tenants.

Yr Egin, which was part funded with backing from the Swansea Bay City Region’s City Deal, is owned by the University of Wales Trinity Saint David (UWTSD) and located at its Carmarthen campus.

Telesgop, which employs 20, has relocated from Bay Studios in Swansea to the 25,556 sq ft building, which is now fully let

READ MORE: Welsh Government acquires Valleys industrial unit in a £3.15m dealREAD MORE: First Minister commits to further empower the Development Bank of Wales but rules out a new WDA

The university’s vice-chancellor, Professor Elwen Evans KC, said:“We are delighted to welcome Telesgop to Yr Egin. The company is highly respected in the industry and known to all of us for its quality output for radio and screen.

” The company is joining a thriving creative community, which has collaboration and co-production at its core. I have no doubt that Telesgop and its staff will be a great asset to that community and will make a valuable contribution to the University more broadly.”

Telesgop’s expertise includes documentaries such as Gronyn Gobaith/Peace Particle and Ryan Jones; specialist factual programmes including Ffermio and Cneifio; factual entertainment; coverage of major cultural events such as the YFC Eisteddfod and the Cerdd Dant Festival; and children’s programming such as Fferm Fach.

The company also has a long-standing reputation in radio production, producing over 700 hours of content annually for BBC networks, including BBC Radio Cymru, BBC Radio Wales and BBC Radio 2.

Ffion Rees, managing director of Telesgop, said: “Telesgop has deep roots in west Wales, having started the company 33 years ago in Llandeilo, so moving our offices to Yr Egin is a natural and exciting step for us. The building has become an important hub for the creative industries, and we look forward to being part of that community.

“For us, moving here is more than just a change of office – it’s an opportunity to work alongside other creative companies, S4C, the University of Wales Trinity Saint David, develop new ideas and continue to create high quality content from West Wales.”

Geraint Evans, chief executive of S4C, added:“It’s a pleasure to see Telesgop joining the community at Canolfan S4C Yr Egin. Yr Egin is a place that brings ideas, creative people and opportunities together, so it’s great to see an experienced company like Telesgop choose to settle here.

“Supporting talent and businesses across the whole of Wales is important to us, and it’s great to see Yr Egin developing into a place that creates a real opportunity for companies like Telesgop to flourish.”

The Birtley factory of Venator was more than 100 years old

A major industrial site in County Durham is up for sale following the collapse of its former chemicals giant occupier. The former Venator site on Mary Avenue in Birtley is being marketed by property agents at Savills who say it could be regenerated.

The 16.47-acre site includes more than 203,000 sqft of buildings including former factory and logistics spaces. Savills says redevelopment of the historic site would support Gateshead Council’s Local Plan objectives that include modernisation of employment sites and delivery of sustainable economic growth.

It pointed to potential future uses as industrial, logistics, advanced manufacturing or even housing – with nearby Persimmon Homes and Linden homes developments touted as evidence of demand.

Nick Bramwell, associate director at Savills Newcastle, said: “This is a unique opportunity to purchase a brownfield site suitable to a range of uses from manufacturing and logistics to residential. The site’s location within the A1(M) corridor is a significant positive, and the wider region is already home to a number of important employers.”

The sale of the Mary Avenue works follows Venator Materials UK’s collapse into administration in October last year after a troubled period which saw extensive losses and even prompted a major shareholder to publicly criticise Venator’s board for a steep decline in the firm’s share price since it launched on the New York Stock Exchange in 2017.

More than 500 jobs were lost following the move which brought to Venator’s operations at Birtley, as well as the company’s Wynyard head office. Its manufacturing site in Greatham was sold by administrators to Chinese firm LB Group, which has European head offices in Stockton.

Venator specialised in making titanium dioxide (TiO₂) and performance additives used in paint, plastics, and other materials. The Birtley site had been operating for more than 100 years at the time of its closure.

It started in 1918 when the Ouseburn Trading Company used it for supply of raw materials to the paint industry. In 2014, it was acquired by the Huntsman Corporation – Venator’s former owner until it spun out separately.

In its listing for the site, Savills highlighted that low cost housebuilder Gleeson Homes was awarded planning consent in August 2025 for a development of 276 house on land immediately south of the former Venator site. The plans for Elizabeth Park include a mix of two, three and four bedroom family homes.

Meanwhile, Gateshead Regeneration Partnerships has also applied to develop 106 homes on land immediately east of the site. That application is still subject to a decision being made on planning permission.

Samsung’s Galaxy Z Fold 7, the company’s thinnest and lightest book-style foldable yet, features a folding display certified to withstand 500,000 folds — more than double the rating of its predecessor and enough to theoretically last over a decade for typical users, according to the company and independent certification.

The enhanced durability comes as Samsung continues to push foldable technology into the mainstream, addressing long-standing consumer concerns about hinge wear, screen creases and overall longevity in devices that bend repeatedly. Released in July 2025 following its unveiling at Galaxy Unpacked in Brooklyn, the Z Fold 7 has drawn attention not just for its slimmed-down design but for engineering advances aimed at making foldables feel more like traditional slab smartphones in daily use.

Samsung Display, which supplies the flexible OLED panel, said the inner screen remained fully functional after 500,000 folds in testing conducted over 13 days at 25 degrees Celsius (77 degrees Fahrenheit) by Bureau Veritas, a respected certification firm. The company attributes the improvement to a 50% thicker shock-resistant Ultra Thin Glass (UTG) layer and new high-elastic adhesive materials that better absorb stress.

For context, the Galaxy Z Fold 6 was rated for 200,000 folds, a figure Samsung promoted as sufficient for about five years of average use or 10 years with lighter handling. The jump to 500,000 folds on the Z Fold 7 represents a 150% increase, with Samsung claiming the device could endure more than 10 years for average users folding it roughly 100 times daily or about six years for heavy users exceeding 200 folds per day.

That math is straightforward but optimistic: 500,000 folds divided by 100 daily cycles equals roughly 13.7 years. Real-world variables — temperature, dust exposure, drop impacts and user habits — can affect outcomes. Samsung notes the panel is rated for 300,000 folds at 60 degrees Celsius (140 degrees Fahrenheit) and just 60,000 folds at -20 degrees Celsius (-4 degrees Fahrenheit), highlighting sensitivity to extreme conditions.

The hinge itself received a significant redesign dubbed Armor Flex. It is reportedly 27% thinner and 43% lighter than the mechanism in the Z Fold 6, incorporating advanced alloys and a multi-rail structure for smoother operation and reduced gap when closed. The phone measures just 8.9 millimeters thick when folded — down from 12.1 mm on the prior model — and 4.2 mm when unfolded, weighing 215 grams. Many reviewers describe it as feeling closer to a conventional flagship like the Galaxy S25 Ultra in hand.

Early hands-on durability tests have been largely positive on structural integrity. YouTuber JerryRigEverything subjected the Z Fold 7 to bending, scratching and dusting stresses, finding the hinge held up without seizing even after significant debris exposure. The device survived repeated reverse bending without creaking or loosening in controlled torture tests, though the inner screen still scratches at Mohs hardness level 2, typical for foldable OLEDs.

Not all tests painted a flawless picture. A Korean YouTube channel, Tech-it, manually folded and unfolded a Z Fold 7 unit 200,000 times in a livestreamed stress test. The device continued functioning, but issues emerged: reboot errors starting around 6,000-10,000 cycles, creaking noises by 46,000 folds, an unidentified black liquid leaking from the hinge at 75,000 cycles, and eventual speaker failures by 175,000 folds. The folding action reportedly became smoother over time, and the hinge retained its ability to hold positions at various angles.

Samsung has not directly addressed that specific test but emphasizes that lab ratings reflect controlled, repetitive folding rather than combined real-world stressors like dust ingress, impacts or temperature swings. The Z Fold 7 retains an IP48 rating for dust and water resistance, an incremental improvement but still short of full IP68 protection found on many non-foldable flagships.

User reports in online communities, including Reddit’s r/GalaxyFold, have been mostly encouraging in the months since launch. Owners describe the hinge as feeling more solid, with minimal visible crease progression and reliable daily operation after several months of use. Some note it feels “like a normal phone” when closed, though long-term reliability beyond the first year remains an open question as the device is still relatively new in early 2026.

The Z Fold 7’s other specifications support its premium positioning. It features an 8-inch inner Dynamic AMOLED display and a 6.5-inch cover screen, both with adaptive 120Hz refresh rates. Power comes from a Snapdragon 8 Elite for Galaxy chipset, paired with up to 16GB RAM and storage options reaching 1TB. The camera system includes a new 200-megapixel main sensor — a major upgrade from the 50MP unit on the Z Fold 6 — alongside 12MP ultrawide and 10MP telephoto lenses with 3x optical zoom. Battery capacity sits at 4,400mAh with support for fast charging.

Pricing starts around $2,000, positioning it as a luxury productivity tool rather than an everyday carry for most consumers. Samsung markets the device for multitasking, with features like enhanced Galaxy AI for note-taking, translation and app continuity across the large inner screen.

Industry analysts view the durability claims as a critical step for foldable adoption. While sales of foldables have grown, many potential buyers have hesitated due to past reports of screen failures, hinge issues or creases developing within one to two years. The Z Fold 7’s improvements, combined with a slimmer profile, aim to reduce that friction.

Still, experts caution that foldables inherently involve trade-offs. The flexible screen technology, while advancing rapidly, remains more vulnerable to scratches and impacts than rigid glass. Samsung recommends using the included case or a screen protector and avoiding extreme temperatures or forcing the hinge.

Third-party repair costs for foldables can exceed $1,000 for screen or hinge replacement, making warranty coverage and careful handling important considerations. Samsung offers extended protection plans, but coverage details vary by region.

As of March 2026, the Galaxy Z Fold 7 remains Samsung’s flagship foldable, with no immediate successor announced. Rumors of a Z Fold 8 have surfaced, potentially bringing further refinements such as improved dust resistance or even higher fold ratings, but the Z Fold 7 continues to represent the state of the art in book-style foldables.

Competitors like Google with its Pixel Fold series and Chinese manufacturers including Huawei and Honor have introduced their own durable designs, some claiming IP68 ratings or alternative hinge technologies. Samsung maintains leadership in global market share for foldables, bolstered by its vertical integration in display manufacturing.

For consumers debating a foldable purchase, the 500,000-fold rating provides reassurance on paper. Translating lab results to daily life depends heavily on usage patterns. Light users who open the device primarily for media consumption or productivity may see the hinge last well beyond the warranty period. Heavy users treating it like a pocket notebook could test the limits sooner.

Samsung’s own guidance suggests the Z Fold 7 is built for years of service, but as with any smartphone, factors like software updates — expected through at least 2032 — battery degradation and evolving user needs will influence replacement cycles more than pure mechanical endurance.

The evolution from the original Galaxy Fold in 2019, which faced early screen reliability issues, to the Z Fold 7 illustrates rapid progress in materials science and mechanical engineering. Crease visibility has diminished, hinges operate more smoothly, and overall build quality has improved to rival traditional phones in many respects.

Yet durability remains a narrative Samsung must continue proving in the hands of millions of users. Independent long-term studies and repair data over the next 12-24 months will offer clearer insight into whether the 500,000-fold promise holds up under varied global conditions.

In the meantime, the Galaxy Z Fold 7 stands as a bold statement that foldables can be both innovative and robust enough for everyday carry. Prospective buyers are advised to weigh the unique multitasking benefits against the premium price and the reality that, while vastly improved, these devices still require mindful handling compared to conventional smartphones.

Technical support and software optimizations continue to refine the experience post-launch, with updates addressing minor hinge behaviors or display calibration. As the foldable ecosystem matures, accessories like specialized cases and screen films further enhance protection.

Ultimately, the Z Fold 7’s fold endurance rating marks a significant milestone, potentially accelerating mainstream acceptance of bendable phones. Whether it truly delivers a decade of reliable service will be determined one fold at a time.