Foreign Filer Report • Aug 12, 2025
Foreign Filer Report
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
For the month of August 2025
TAT TECHNOLOGIES LTD. (Name of Registrant)
Hamelacha 5, Netanya 4250540, Israel (Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________

| Item/Exhibit No. | Description |
|---|---|
| 99.1 | Company presentation. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TAT TECHNOLOGIES LTD. (Registrant)
By: /s/ Ehud Ben-Yair Ehud Ben-Yair Chief Financial Officer
Date: August 11, 2025

3 INVESTOR PRESENTATION
August 2025
TAT Technologies Ltd. (together with its subsidiaries, the "Company", "we", "our" or "us") has filed a registration statement (including a preliminary prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this presentation relates. The registration statement has not yet become effective. The securities proposed to be offered pursuant to such registration statement may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Before you invest, you should read such registration statement (including the related prospectus) for more complete information about the Company and the offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the Company or any underwriter participating in the offering will arrange to send you such registration statement (including the related prospectus) if you request it from: Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, California 94104, via telephone at (415) 364-2720 or via email at [email protected].
This presentation shall not constitute an offer to sell any securities of the Company nor the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would not be permitted.
The Company, the selling shareholders and the underwriters have not done anything that would permit the offering to which this presentation relates or possession or distribution of this presentation in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this presentation must inform themselves about, and observe any restrictions relating to, the offering of the shares of our ordinary shares and the distribution of this presentation outside the United States.
This presentation includes confidential, sensitive and proprietary information. This presentation and its contents, as well as the content of any related discussions with the Company or its representatives, shall be kept strictly confidential. Any disclosure, copying, reproduction, publication or distribution of such information, directly or indirectly, in whole or in part, is strictly prohibited without the prior written consent of the Company. Each recipient agrees that the foregoing obligations shall apply to all other written or oral communications transmitted to the recipient by or on behalf of the Company.
This presentation may contain certain forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding our strategy, future financial condition, future operations, projected costs, prospects, plans, objectives of management, and expected market growth (both generally and with respect to our company), are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, the words "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words and similar expressions identify forward-looking statements. These forward-looking statements involve certain risks and uncertainties, including those described in the section titled "Risk Factors" and elsewhere in our Annual Report on Form 20-F for the year ended December 31, 2024 and future quarterly reports.
Any forward-looking statements in this presentation are not guarantees of future results, levels of activity, performance or events and circumstances, and actual results, developments and business decisions may differ materially from those contemplated by those forward-looking statements. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this presentation to reflect events or circumstances after the date of this presentation or to reflect new information or the occurrence of unanticipated events, except as required by law.

This presentation includes certain financial information that is not presented in accordance with The U.S. GAAP, including Adjusted EBITDA and Adjusted EBITDA Margin. We refer to these measures as "non-U.S. GAAP" financial measures. We present these non-U.S. GAAP measures as we believe that their presentation of these enhances an investor's understanding of our financial performance. Although these non-U.S. GAAP measures are frequently used by investors and securities analysts in their evaluations of companies in industries similar to ours, these non-U.S. GAAP measures have limitations as analytical tools, are not measurements of our performance under U.S. GAAP and should not be considered as alternatives to net income or any other performance measures derived in accordance with U.S. GAAP and should not be used by investors or other users of our financial statements in isolation for formulating decisions, as such non-U.S. GAAP measures exclude a number of important cash and non-cash charges.
You should be aware that our presentation of these and other non-U.S. GAAP financial measures in this presentation may not be comparable to similarly titled measures used by other companies. A reconciliation of each of these non-U.S. GAAP measures to its most directly comparable financial measure calculated in accordance with U.S. GAAP is provided in the Appendix to this presentation.
Within this presentation, we reference information and statistics regarding the market for our products and services. We have obtained some of this statistical data, market data and other industry data from public filings, industry publications and studies conducted by third-party sources. Some data and other information contained in this presentation are also based on management's estimates and calculations, which are derived from our review and interpretation of internal surveys and independent sources. Data regarding the industries in which we compete and our market position and market share within these industries are inherently imprecise and are subject to significant business, economic and competitive uncertainties beyond our control, but we believe they generally indicate size, position and market share within this industry. In addition, assumptions and estimates of our and our industries' future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause our future performance to differ materially from our assumptions and estimates.
This presentation includes a reference to "Target Market Share Potential," which is not a forecast, but rather TAT's target market share expansion for the engines and platforms indicated over the next two to three years. TAT's potential market expansion is subject to factors outside of TAT's control, such as market growth resulting from new entrants. Additionally, in the case of the 331-20X engine, TAT's target market share is subject to TAT's successful procurement of new contracts expected to be within its pipeline during the period, which may not come up for bid as expected or TAT may not successfully procure.
We own or have rights to use various trademarks, tradenames, service marks and copyrights, which are protected under applicable intellectual property laws. This presentation also contains trademarks, tradenames, service marks and copyrights of other companies, which are, to our knowledge, the property of their respective owners. Solely for convenience, certain trademarks, tradenames, service marks and copyrights referred to in this presentation may appear without the ©, ®, and symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, tradenames, service marks and copyrights. We do not intend our use or display of other parties' trademarks, tradenames, service marks or copyrights to imply, and such use or display should not be construed to imply a relationship with, or endorsement or sponsorship of us by, these other parties.
| OEM: Original Equipment Manufacturer | LTA: Long-Term Agreement | |||||
|---|---|---|---|---|---|---|
| MRO: Maintenance, Repair & Overhaul | LG: Landing Gear | |||||
| APU: Auxiliary Power Unit | HX: Heat Exchanger |

Note: Charts based on % contribution for Q2-25 revenue Other non-strategic product lines represent 14% of the total revenue
Experienced senior management team with significant depth, longevity and industry experience.
CHAIRMAN OF THE BOARD Since 2016
PRESIDENT & CHIEF EXECUTIVE OFFICER Since 2016
CHIEF FINANCIAL OFFICER Since 2018

Major General (ret.) Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Retired 2002.
Previous Positions: Chairman of the Board, Logic Industries, Ltd. Chairman of the Boards, Plasan Sasa, Ltd. CEO, Elul Technologies, Ltd.

Previous Positions: President, Mapco Express (subsidiary of Delek US Holdings, Inc) CEO, Metrolight, Ltd. CEO, Rostam, Ltd

Previous Positions: CFO, SHL Telemedicine (SHLTN) CFO & Vice CEO, Opgal Optronics (Subsidiary of Elbit Systems and Rafael) CFO, Orad Hi Tech Systems (OHT)

Previous Positions: GM, VP Manufacturing, Proterra Sr. Director Operations, Honeywell Aerospace Surface Warfare Officer, US NAVY
TAT Technologies is dually listed on NASDAQ (TATT) and on the Tel Aviv Stock Exchange (Hebrew)

MRO APU
Thermal components for power electronics
Thermal components for Environmental Control Systems Thermal components THERMAL SOLUTIONS
for galley
Thermal components for THERMAL SOLUTIONS
fuel inerting system
THERMAL SOLUTIONS
Thermal components for hydraulic systems
LANDING GEAR
MRO



(1) Adjusted EBITDA is a non-U.S. GAAP measure. Please see the appendix for a reconciliation of Adjusted EBITDA to the most comparable U.S. GAAP measures. Quarterly figures may not sum to annual totals due to rounding
New Aircraft Deliveries on an Upward Trend




Year-over-Year change in Revenue
12 INVESTOR PRESENTATION - August 2025
Sources: Oliver Wyman
SEVERAL PILLARS WILL SUPPORT THE COMPANY'S CONTINUED STRONG GROWTH
APU – Entering a +\$2B market through new OEM certifications. The Company is well-positioned against competition and supply chain challenges.
Landing Gear MRO Cycle – Entering the major MRO cycles with two key strategic agreements in place.
Thermal Solutions MRO – Well-known, leading player leveraging costeffectiveness to support a growth rate above the industry.
Thermal Solutions OEM – Demand for newly built aircraft, fleet conversions, and future EVTOL aviation driving future expansion.
Trading & Leasing – Enable clients to overcome supply chain challenges and benefit from TAT's in-house MRO capabilities across all products.



14 INVESTOR PRESENTATION - August 2025
(1) Value of LTAs calculated by taking the average annual order quantity for OEM components and MRO services for each customer and multiplying by prior year average revenue per order and remaining years in the agreement, adjusting for any forward guidance from customers




OEM Solutions & MRO Services


Addressable Market


Maintenance, Repair & Overhaul (MRO)

OEM and licensed MRO service provider for multiple APU platforms representing over 25,000 aircraft still in production
As a Honeywell authorized service partner, the Company is one of a few licensed providers, creating a significant commercial advantage and competitive position in the market



Addressable Market
| (1) | ||
|---|---|---|
| (1) | ||
| (1) |
| (1) | (2) | |
|---|---|---|
21 INVESTOR PRESENTATION - August 2025
(1) From publicly available data provided by Boeing and Airbus, accessed as of April 2025, and Company management estimates




131
331-500
MRO Services
Provider of landing gear MRO services for systems across multiple platforms utilized in commercial airline, business jet and military markets
Maintain strategic agreements with and certifications from OEMs that ensure access to the landing gear market and ongoing opportunities within the following fleets of aircraft:
Embraer – E170/175 aircraft
• OEM authorized U.S. provider
Gulfstream – G400 and G500
• Exclusive provider to Gulfstream

REVENUE (\$M)



Addressable Market
Growing demand for MRO services in landing gear


Lease inventory of +20 APU engines, including 331-500 utilized on the Boeing 777 aircraft
This service enables the Company to meet growing demand of our customers by helping them overcome the market shortage for APUs and related parts
Trade APU parts, heat exchangers, landing gear and other parts across all TAT product lines and service offerings
Allows the Company to manage inventory efficiently as well as maintain an ongoing supply of the most in-demand parts

Addressable Market


25 INVESTOR PRESENTATION - August 2025
(1) From publicly available data provided by Boeing and Airbus, accessed as of April 2025 and Company management estimates
(2) As stated in the disclaimer slides, targets may not be realized

REVENUE (\$M)


THERMAL SYSTEMS FOR ELECTRIC AIRCRAFT & AUTONOMOUS AIRCRAFT

ADDITIVE MANUFACTURING & 3D PRINTING

FULL THERMAL SOLUTIONS TO ENGINE HEADS


Key Indicators
| (\$M) TAT |
Q2 25 - |
Q1 25 - |
Q4 24 - |
Q3 24 - |
Q2 24 - |
∆ | Q2 YOY 25 - |
H1 25 - |
H1 24 - |
∆ | YOY H1 25 - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43 1 |
42 1 |
41 0 |
40 5 |
36 5 |
↑ | 18% | 85 2 |
70 6 |
↑ | 21% |
| Gross Profit |
10 8 |
10 0 |
9 5 |
8 5 |
8 0 |
↑ | 36% | 20 8 |
15 0 |
↑ | 38% |
| Gross Margin |
25 1% |
23 6% |
23 2% |
21 0% |
21 9% |
↑ | 320bp | 24 4% |
21 3% |
↑ | 310bp |
| Operating Income |
4 4 |
4 2 |
4 2 |
3 4 |
2 7 |
↑ | 62% | 8 6 |
4 9 |
↑ | 74% |
| Operating Margin |
10 3% |
9 9% |
10 2% |
8 5% |
7 5% |
↑ | 280bp | 10 1% |
7 0% |
↑ | 301bp |
| Net Income |
3 4 |
3 8 |
3 6 |
2 9 |
2 6 |
↑ | 32% | 3 7 |
4 7 |
↑ | 53% |
| Net Margin |
8 0% |
9 0% |
8 9% |
1% 7 |
2% 7 |
↑ | (80)bp | 8 5% |
6 7% |
↑ | 180bp |
| \$) EPS (diluted , |
0 30 |
0 34 |
0 32 |
0 26 |
0 25 |
↑ | 19% | 0 64 |
0 44 |
↑ | 45% |
| (1) Adjusted EBITDA |
6 1 |
5 7 |
5 4 |
5 1 |
4 3 |
↑ | 39% | 11 8 |
8 0 |
↑ | 47% |
| (1) Adjusted EBITDA Margin |
14 0% |
13 6% |
13 2% |
12 6% |
11 9% |
↑ | 210bp | 13 8% |
11 4% |
↑ | 240bp |

| (\$M) Revenue By Product |
Q2 25 - |
Q1 25 - |
Q4 24 - |
Q3 24 - |
Q2 24 - |
Q2 YOY 25 % - |
|---|---|---|---|---|---|---|
| Heat Exchange |
17 7 |
18 4 |
16 6 |
16 6 |
15 8 |
12% |
| APU | 11 5 |
12 3 |
13 0 |
10 5 |
10 7 |
7% |
| Trading & Leasing |
5 9 |
2 1 |
3 3 |
5 7 |
2 0 |
201% |
| Landing Gears |
2 0 |
3 3 |
2 8 |
1 8 |
2 0 |
0% |
| Others | 6 0 |
6 0 |
5 5 |
5 9 |
6 1 |
2% - |
| Total Revenue |
43 0 |
42 1 |
41 1 |
40 5 |
36 5 |
|
| YoY | 18% | 24% | 29% | 35% | 36% | 18% |
| INVESTOR PRESENTATION - August 2025 | |||
|---|---|---|---|

Quarterly figures may not sum to annual totals due to rounding







Strong balance allows future leverage
| Leverage Metrics (\$ in millions) | 02-25 | 2024 FY | 2023 FY |
|---|---|---|---|
| Shareholder's Equity | 165.8 | 112.0 | 90.7 |
| Total Assets | 213.6 | 163.4 | 145.6 |
| Equity-to-Assets Ratio | 0.78 | 0.69 | 0.62 |
| Operating Working Capital | 02-25 | 2024 FY | 2023 FY |
| Current Assets | |||
| Accounts Receivable | 323 | 29.7 | 20.0 |
| Inventory | 76.4 | 68.5 | 51.3 |
| Current Liabilities | |||
| Accounts Payable | 15.6 | 12.2 | 10.0 |
| Operating Working Capital | 93.1 | 86.1 | 61.3 |

| \$M | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 |
|---|---|---|---|---|---|---|---|---|---|
| 25 | 25 | 24 | 24 | 24 | 24 | 23 | 23 | 23 | |
| - | - | - | - | - | - | - | - | - | |
| Net Income |
3 44 |
3 81 |
3 58 |
2 87 |
2 62 |
2 11 |
0 39 |
2 15 |
1 48 |
| Adjustments: | |||||||||
| Affiliated Companies |
(0 32) |
(0 29) |
(0 21) |
(0 17) |
(0 23) |
(0 20) |
(0 16) |
(0 13) |
(0 15) |
| Taxes | 0 | 0 | 0 | 0 | 0 | (0 | 1 | (0 | (0 |
| Income | 21 | 59 | 29 | 02 | 04 | 15) | 06 | 39) | 06) |
| on | |||||||||
| Financial | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expense | 1 | 06 | 46 | 74 | 31 | 45 | 55 | 13 | 27 |
| net | |||||||||
| D&A | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 33 | 35 | 26 | 57 | 47 | 43 | 62 | 24 | 01 | |
| share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| base | 29 | 22 | 09 | 11 | 15 | 04 | 03 | 01 | 03 |
| compensation | |||||||||
| Adjusted EBITDA |
6 1 |
5 7 |
5 4 |
5 1 |
4 3 |
3 7 |
3 5 |
3 0 |
2 6 |
| Adjusted | 14 | 13 | 13 | 12 | 11 | 10 | 10 | 10 | 9 |
| EBITDA | 0% | 6% | 2% | 6% | 9% | 8% | 7% | 1% | 6% |
| Margin |

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