# EDGAR Filing Document

**Accession Number:** 0000808439
**File Stem:** 0001178913-26-002818
**Filing Date:** 2026-5
**Character Count:** 63811
**Document Hash:** 812ca6a7802210ea948d5edb5ced5ffa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-26-002818.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0001178913-26-002818

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 48

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TAT TECHNOLOGIES LTD
- **CENTRAL INDEX KEY:** 0000808439
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT ENGINES & ENGINE PARTS [3724]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-16050
- **FILM NUMBER:** 261001366

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** P.O. BOX 80
- **CITY:** GEDERA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 70750
- **BUSINESS PHONE:** 2127025962

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** P.O. BOX 80
- **STREET 2:** 445 PARK AVE SUMMIT ROVINS & FELDESMAN
- **CITY:** GEDERA
- **PROVINCE COUNTRY:** L3
- **ZIP:** 70750

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GALAGRAPH LIMITED
- **DATE OF NAME CHANGE:** 19920609

?xml version='1.0' encoding='ASCII'? TAT TECHNOLOGIES LTD - 808439 - 2026

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSIO** **N**

**Washington, D.C. 20549**

**F O R M 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of May 2026**

**TAT TECHNOLOGIES LTD.**

(Name of Registrant)

9335 Harris Corners Pkwy, Charlotte, NC 28269

(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 ☒ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 ☐ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No ☒**

**If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________**

**TAT Technologies Ltd.**

TAT Technologies Ltd. (the "Company") hereby furnishes the following documents:

---

| | |
|:---|:---|
| **Item/Exhibit No.** | **Description** |
| [99.1](exhibit_99-1.htm) | [Unaudited condensed consolidated financial statements as of March 31, 2026, and for the three months ended March 31, 2026 and 2025](exhibit_99-1.htm) |
| [99.2](exhibit_99-2.htm) | [Operating and financial review and prospects](exhibit_99-2.htm) |

---

This Report on Form 6-K and related exhibits are incorporated by reference into the Company's registration statements on Form F-3 (File No. 333-286699 and 333-294411) and Form S-8 (File Nos.333-268906, and 333-286702), and shall be a part thereof from the date on which this Form 6-K is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

**SIGNATURE**

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.

---

| | |
|:---|:---|
| <u>TAT TECHNOLOGIES LTD.</u> | <u>TAT TECHNOLOGIES LTD.</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) |
| By: | <u>/s/ Ehud Ben-Yair</u> |
|  | Ehud Ben-Yair |
|  | Chief Financial Officer |

---

Date: May 20, 2026

## Exhibit 99.1

?xml version='1.0' encoding='ASCII'? TAT TECHNOLOGIES LTD - 808439 - 2026

**<u>Exhibit 99.1</u>**

#### TAT TECHNOLOGIES LTD.

#### UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

#### For the Period Ended March 31, 2026

#### **TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Page |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial statements |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Balance Sheets](#BS) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Income](#PL) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Comprehensive Income](#COMP) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity](#EQ) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Cash Flows](#CF) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Notes to Financial Statements](#Notes) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F - 9 |

---

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

------

#### U.S dollars in thousands

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2026** | **December 31,**<br>**2025** |
| **ASSETS** |  |  |
| CURRENT ASSETS: |  |  |
|  Cash and cash equivalents | $51235 | $51259 |
| Accounts receivable, net of allowance for credit losses of $241 and $172 as of March 31, 2026, and December 31, 2025, respectively  | 30456 | 33420 |
| Inventory | 81736 | 75549 |
| Prepaid expenses and other current assets | 8423 | 6071 |
| Total current assets | 171850 | 166299 |
| NON-CURRENT ASSETS: |  |  |
| &nbsp;&nbsp; Property, plant and equipment, net | 47162 | 46922 |
| &nbsp;&nbsp; Operating lease right of use assets | 5484 | 5807 |
| &nbsp;&nbsp; Intangible assets, net | 1375 | 1452 |
| &nbsp;&nbsp; Investment in affiliates | 5520 | 4905 |
| &nbsp;&nbsp; Funds in respect of employee rights upon retirement | 400 | 398 |
| &nbsp;&nbsp; Deferred tax assets | 706 | 639 |
| &nbsp;&nbsp; Restricted deposit | 310 | 307 |
| Total non-current assets | 60957 | 60430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | $232807 | $226729 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial Statements.

F - 2

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

------

#### U.S dollars in thousands

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2026** | **December 31,**<br>**2025** |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| CURRENT LIABILITIES: |  |  |
| &nbsp;&nbsp;&nbsp; Current maturities of long-term loans | $2272 | $2227 |
| &nbsp;&nbsp;&nbsp; Accounts payable | 15529 | 12986 |
| &nbsp;&nbsp;&nbsp; Accrued expenses and other | 17396 | 17296 |
| &nbsp;&nbsp;&nbsp; Current maturities of operating lease liabilities | 1448 | 1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 36645 | 33983 |
| NON-CURRENT LIABILITIES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term loans | 8937 | 9485 |
| &nbsp;&nbsp;&nbsp; Operating lease liabilities | 4174 | 4448 |
| &nbsp;&nbsp;&nbsp; Liability in respect of employee rights upon retirement | 772 | 770 |
| &nbsp;&nbsp;&nbsp; Deferred tax liabilities | 1804 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-current liabilities | 15687 | 16355 |
| COMMITMENTS AND CONTINGENCIES (NOTE 4) | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 52332 | 50338 |

---

---

| | | |
|:---|:---|:---|
| SHAREHOLDERS' EQUITY: |  |  |
| &nbsp;&nbsp;&nbsp; Ordinary shares of NIS 0 par value<br> Authorized: 15,000,000 shares at March 31, 2026 and at December 31, 2025<br> Issued:13,257,610 shares at March 31, 2026 and at December 31, 2025<br> Outstanding: 12,983,137 shares at March 31, 2026 and at December 31, 2025 | - | - |
| &nbsp;&nbsp;&nbsp; Additional paid-in capital | 137071 | 136578 |
| &nbsp;&nbsp;&nbsp; Treasury stock at cost | (2088) | (2088) |
| &nbsp;&nbsp;&nbsp; Accumulated other comprehensive income | 834 | 643 |
| &nbsp;&nbsp;&nbsp; Retained earnings | 44658 | 41258 |
| Total shareholders' equity | 180475 | 176391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and shareholders' equity | $232807 | $226729 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 3

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

------

#### U.S dollars in thousands

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | 2026 | 2025 |
| Revenues: |  |  |
| &nbsp;&nbsp;&nbsp; Products | $13906 | $12724 |
| &nbsp;&nbsp;&nbsp; Services | 27241 | 29418 |
|  | 41147 | 42142 |
| Costs: |  |  |
| &nbsp;&nbsp;&nbsp; Products | 10099 | 8331 |
| &nbsp;&nbsp;&nbsp; Services | 21017 | 23857 |
|  | 31116 | 32188 |
|  Gross profit | 10031 | 9954 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp; Research and development, net | 571 | 324 |
| &nbsp;&nbsp;&nbsp; Selling and marketing | 2182 | 1928 |
| &nbsp;&nbsp;&nbsp; General and administrative | 4293 | 3532 |
|  | 7046 | 5784 |
| Operating income | 2985 | 4170 |
| &nbsp;&nbsp;&nbsp; Interest expenses | (148) | (335) |
| &nbsp;&nbsp;&nbsp; Other financial income, net | 187 | 277 |
|  Income before taxes on income | 3024 | 4112 |
| Provision for income taxes | 145 | 592 |
|  Income before share of equity investment | 2879 | 3520 |
|  Share in profits of equity investment of affiliated companies | 521 | 293 |
| Net income | $3400 | $3813 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 4

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

------

#### U.S dollars in thousands, except share and per share data

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | **2026** | **2025** |
|  Earnings per share |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $0.26 | $0.35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | $0.26 | $0.34 |
|  Weighted average number of shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | 12983137 | 10940358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | 13204290 | 11211271 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 5

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

------

#### U.S dollars in thousands

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | 2026 | 2025 |
| Net income | $3400 | $3813 |
| Other comprehensive income, net: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in foreign currency translation adjustments | 191 | 528 |
| Total comprehensive income | $3591 | $4341 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 6

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY

------

#### U.S dollars in thousands, except share data

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Share capital | Share capital | **Additional**<br> **paid-in**<br> **capital** | **Accumulated**<br> **other**<br> **comprehensive**<br> **income (loss)** | Treasury shares | **Retained**<br> **earnings** | Total equity |
|  | **Number of**<br> **shares issued** | Amount | **Additional**<br> **paid-in**<br> **capital** | **Accumulated**<br> **other**<br> **comprehensive**<br> **income (loss)** | Treasury shares | **Retained**<br> **earnings** | Total equity |
|  **BALANCE AT DECEMBER 31, 2024** | 11214831 | $- | $89697 | $(76) | $(2088) | $24436 | $111969 |
|  **CHANGES DURING THE THREE MONTHS ENDED MARCH 31, 2025:** |  |  |  |  |  |  |  |
|  Comprehensive income | - | - | - | 528 | - | 3813 | 4341 |
|  Share based compensation |  |  | 222 |  |  |  | 222 |
|  **BALANCE AT MARCH 31, 2025** | 11214831 | $- | $89919 | $452 | $(2088) | $28249 | $116532 |
|  **BALANCE AT DECEMBER 31, 2025** | 13257610 | $- | $136578 | $643 | $(2088) | $41258 | $176391 |
|  **CHANGES DURING THE THREE MONTHS ENDED MARCH 31, 2026:** |  |  |  |  |  |  |  |
|  Comprehensive income | - | - | - | 191 | - | 3400 | 3591 |
|  Share based compensation | - | - | 493 | - | - | - | 493 |
|  **BALANCE AT MARCH 31, 2026** | 13257610 | $- | $137071 | $834 | $(2088) | $44658 | $180475 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 7

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#### TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

#### U.S. dollars in thousands

---

| | | |
|:---|:---|:---|
|  | Three Months Ended March 31, | Three Months Ended March 31, |
|  | 2026 | 2025 |
|  CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
|  Net income | $3400 | $3813 |
|  Adjustments to reconcile net income to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 1313 | 1305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-cash financial (income) expenses | 331 | (99) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in allowance for (recovery of) credit losses | 69 | (50) |
| &nbsp;&nbsp;&nbsp;&nbsp; Share in profits of equity investment of affiliated companies | (521) | (293) |
| &nbsp;&nbsp;&nbsp;&nbsp; Share based compensation | 493 | 222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes, net | 85 | 519 |
|  Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Decrease (increase) in trade accounts receivable | 2894 | (3476) |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase in prepaid expenses and other current assets | (2257) | (527) |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase in inventory | (6430) | (3861) |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase in trade accounts payable | 2471 | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in accrued expenses and other | 102 | (3022) |
|  **Net cash provided by (used in) operating activities** | 1950 | (5035) |
|  CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
|  Purchase of property and equipment | (1420) | (2862) |
|  **Net cash used in investing activities** | (1420) | (2862) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| Repayments of long-term loans | (551) | (571) |
| Net change in short term loans from banks | - | 6369 |
|  **Net cash (used in) provided by financing activities** | (551) | 5798 |
| **Net decrease in cash and cash equivalents and restricted cash** | (21) | (2099) |
| **Cash and cash equivalents and restricted cash at beginning of period** | 51566 | 7434 |
| **Cash and cash equivalents and restricted cash at the end of period** | $51545 | $5335 |
|  **Supplementary information on investing and financing activities not involving cash flows:** |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Additions of operating lease right-of-use assets and operating lease liabilities | 82 | 147 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Reclassification between inventory and property, plant and equipment | - | 579 |
|  **Supplemental disclosure of cash flow information:** |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Interest paid | 154 | 267 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F - 8

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#### TAT TECHNOLOGIES LTD.

#### UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

#### U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 1 -** | **GENERAL** |

---

#### Description of Business
TAT Technologies Ltd., ("TAT" or the "Company") an Israeli corporation, incorporated in 1985, is a leading provider of solutions and services to the aerospace and defense industries. TAT has the following wholly owned subsidiaries, hereinafter collectively referred to as the "Group": Limco-Piedmont Inc. ("Limco-Piedmont"), Limco Airepair Inc. ("Limco"), a wholly owned Delaware subsidiary of Limco-Piedmont, Piedmont Aviation Component Services LLC ("Piedmont"), a North Carolina limited liability company, wholly owned subsidiary of Limco-Piedmont Inc., and Turbochrome Ltd. ("Turbochrome"). Additionally, the Company holds 51% of TAT-Engineering LLC ("TAT-Engineering"), which was established in January 2016 as a joint venture. The accounting treatment of the joint venture is based on the equity method due to participating rights granted to the other stockholder.

TAT operations is focused on the following four segments: (i) original equipment manufacturing ("OEM") of heat transfer solutions and aviation accessories mainly through its Kiryat Gat facility; (ii) MRO ("Maintenance Repair and Overhaul") services for heat transfer components and OEM of heat transfer solutions through Limco; (iii) MRO services for aviation components (mainly Auxiliary Power Unit "APU" and Landing Gear "LG") through Piedmont; and (iv) overhaul and coating of jet engine components through Turbochrome. TAT targets the commercial aerospace (serving a wide range of types and sizes of commercial and business jets), military aerospace and ground defense sectors. TAT's shares are listed on both the NASDAQ (under the symbol TATT) and Tel-Aviv Stock Exchange (under the symbol TAT Tech).

On February 28, 2026, Israel and the United States launched a joint attack on Iran, targeting key officials, military commanders and facilities, resulting in the death of Iran's Supreme Leader and other key officials and military commanders. In response, Iran launched ballistic missiles and drones against targets in Israel and in other countries in the region, including the United Arab Emirates, Bahrain and Kuwait, as well as at U.S. military assets in the Middle East. The escalation also contributed to resumption of hostilities between Israel and Hezbollah in Lebanon. In early April 2026, the United States and Iran agreed to a conditional ceasefire that included Israel, and a separate ceasefire arrangement is in place between Israel and Lebanon. Although a ceasefire has since been announced, regional tensions remain high and the security situation remains uncertain. The situation remains volatile, and we are unable to predict if, when, or on what terms further escalation may occur or be resolved.

Currently, TAT continues its business and operations but the intensity and duration of Israel's current war is difficult to predict, as are such wars' economic implications on our business and operations and on Israel's economy in general. We continue to monitor political and military developments closely. To date, the Company's operations and financial results have not been materially affected by these events. Also, since this is an event beyond the Company's control and may impact our Israeli activity, its continuation or cessation may affect our expectations. The Company continues to monitor its ongoing activities and will make any needed adjustments to ensure continuity of its business, while supporting the safety and well-being of its employees. For the three months ended March 31, 2026 and 2025, the Group's activity in Israel contributed $13,296, and $12,272 million out of total revenue of $41,147 and $42,142, respectively.

Furthermore, global conflicts continue to create volatility in global financial and energy markets and contribute to supply chain shortages adding to the inflationary pressures in the global economy. These lead to higher material and labor costs, and as a result the Company decided to retain higher inventory levels. The Company actively collaborates with its suppliers to minimize the impacts of supply shortages on manufacturing and MRO services.

International operations are subject to a number of other risks, including import and export laws and the impact of tariffs. Changes in global tariff regimes, whether recently implemented or anticipated, may have broader implications for the Company's operations. These may include increased volatility in purchasing prices due to shifting import costs, particularly with respect to raw materials and components sourced internationally.

Furthermore, elevated tariffs can affect the pricing structure and profitability of cross-border transactions, potentially requiring adjustments to existing contracts with customers and suppliers located outside of the United States. While the full impact of these tariffs remains uncertain, the Company expects that tariff related costs will be substantially passed to customers. As such, the Company is expecting minimal to no impact from the changes above.

F - 9

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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U.S. dollars in thousands

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| | |
|:---|:---|
| **NOTE 2 -** | **SIGNIFICANT ACCOUNTING POLICIES** |

---

#### Basis of Presentation
The accompanying interim consolidated balance sheet as of March 31, 2026, the interim consolidated statements of income, interim statements of cash flows and the interim consolidated statements of shareholders' equity for the three months ended March 31, 2026 and 2025 are unaudited. These unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting.

In management's opinion, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair statement of the Company's financial position as of March 31, 2026, as well as its results of operations and cash flows for the three months ended March 31, 2026 and 2025.

The results of operations for the three months ended March 31, 2026 are not necessarily indicative of the results to be expected for the year ending December 31, 2026, or for other interim periods or for future years.

The accompanying unaudited interim financial statements should be read in conjunction with the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the "2025 Annual Report") filed with the Securities and Exchange Commission (the "SEC") on March 18, 2026.

#### Significant Accounting Policies
There have been no changes to the significant accounting policies described in the 2025 Annual Report that have had a material impact on the unaudited interim consolidated financial statements and related notes.

#### Use of Estimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclose the nature of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting years. Actual results could differ from those estimates.

As applicable to these financial statements, the most significant estimates and assumptions relate to: recoverability of inventory and income taxes.

#### Concentrations of Credit Risk
Financial instruments that potentially subject the Group to concentrations of credit risk consist principally of cash and cash equivalents and deposits, derivatives and accounts receivable.

Cash and cash equivalents are deposited with several major banks in Israel and the United States. Such deposits in the United States and Israel may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Group's cash and cash equivalents are financially sound, and that the Group has not been affected by certain banking institutions in the U.S. Accordingly, minimal credit risk exists with respect to these financial instruments.

The Group has a relatively large number of customers with established private and public companies, and governmental institutions which mitigate the credit risk. The Group performs ongoing credit evaluation of its customers' financial condition. As part of the risk management, the Company purchased a credit insurance policy from a well-known insurance Company. As of March 31, 2026 and December 31, 2025 the Company has a single customer which represents 18% and 13% of the Company's accounts receivable, respectively.

F - 10

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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U.S. dollars in thousands

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| | |
|:---|:---|
| **NOTE 2 -** | **SIGNIFICANT ACCOUNTING POLICIES (CONT)** |

---

#### New accounting pronouncements adopted
In July 2025, the FASB issued ASU 2025-05, *Financial Instruments – Credit Losses* (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets ("ASU 2025-05"). ASU 2025-05 provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods in those years. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. The adoption did not have a material impact on the Company's condensed consolidated financial statements.

#### Recently issued accounting pronouncements not yet adopted
In November 2024, the FASB issued ASU No. 2024-03 *Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures* (Subtopic 220-40). The ASU improves the disclosures about a public business entity's expense and provides more detailed information about the types of expenses in commonly presented expense captions. The amendments require that at each interim and annual reporting period an entity will, inter alia, disclose amounts of purchases of inventory, employee compensation, depreciation and amortization included in each relevant expense caption (such as cost of sales, SG&A and research and development). The ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating this ASU to determine its impact on the Company's disclosures.

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| | |
|:---|:---|
| **NOTE 3 -** | **INVENTORY** |

---

Inventory is composed of the following:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **March 31,**<br> **2026** | &nbsp;&nbsp; **December 31,**<br> **2025** |
| Raw materials and components | $62032 | $59585 |
| Work in progress | 18792 | 15478 |
| Finished goods | 912 | 486 |
| Total inventory | $81736 | $75549 |

---

Inventories write down expenses due to slow inventory amounted to $0 and $251 for the three months ended March 31, 2026 and 2025, respectively.

The Company maintains a wide range of exchangeable units and other spare parts related to its products and services in various locations. Due to the long lead time of its suppliers and manufacturing cycles, the Company needs to forecast demand and commit significant resources towards these inventories. As such, the Company is subject to risks including excess inventory no longer relevant.

F - 11

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 4 -** | **COMMITMENTS AND CONTINGENCIES** |

---

#### Royalty commitments
The Company is committed to paying royalties as percentage of revenue or as a percentage of purchase in the amount range from 5% to 25% to certain OEM as part of the Company's licenses agreements. Royalties expense was $1,310 and $1,373 for the three months ended March 31, 2026 and 2025, respectively.

#### Litigation
On July 12, 2022, TAT filed a suit against TAT Industries Ltd. in the District Court of Tel Aviv. TAT had leased the Gedera facility from TAT Industries Ltd. until the termination of the lease agreement in 2022. TAT asserts that TAT Industries Ltd. has unlawfully forfeited a bank guarantee that was granted for the benefit TAT Industries Ltd. in connection with the lease in Gedera in the amount of $750 thousands. On December 28, 2022, TAT Industries Ltd. filed a counterclaim against TAT asserting damages caused by TAT in connection with the lease in Gedera. The evidentiary hearings concluded on June 29, 2025, and the parties completed their closing arguments by November 23, 2025. TAT intends to vigorously defend the counterclaim by TAT Industries Ltd. and TAT estimates that is not probable that TAT Industries Ltd.'s claim against TAT will be approved.

NOTE 5 - EARNINGS PER SHARE ("EPS")

Basic earnings per share are based on the weighted average number of ordinary shares outstanding, net of treasury shares. Diluted EPS is based on those shares used in basic EPS plus shares that would have been outstanding assuming issuance of ordinary shares for all dilutive potential ordinary shares outstanding.

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | 2026 | 2025 |
|  Numerator for EPS: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | $3400 | $3813 |
|  Denominator for EPS: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Weighted average shares outstanding – basic | 12983137 | 10940358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dilutive shares | 221153 | 270913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weighted average shares outstanding – diluted | 13204290 | 11211271 |
|  EPS: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $0.26 | $0.35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | $0.26 | $0.34 |

---

F - 12

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 6 -** | **SEGMENT INFORMATION** |

---

#### Segment Activities Disclosure:
TAT operates under four segments: (i) OEM of heat transfer solutions and aviation accessories mainly through its Kiryat Gat facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components (mainly APU and LG) through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary.

---

| | |
|:---|:---|
| ◾ | OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board of commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units. |

---

---

| | |
|:---|:---|
| ◾ | MRO services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military. |

---

---

| | |
|:---|:---|
| ◾ | MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components, as well as APU lease activity. TAT's Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military. |

---

◾ TAT's activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

The Group's chief operating decision-maker ("CODM") is the CEO of the Company. The CODM evaluates segment performance and allocates the Company's resources, the CODM uses segment measures of revenue, gross profit, operating income and total assets. The CODM reviews budget-to-actual variances of both profit measures on a monthly basis when making decisions about allocation of the Company's resources to the segments.

F - 13

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 6 -** | **SEGMENT INFORMATION (CONT)** |

---

#### Segments statement operations disclosure:
The following financial information is the information that CODM uses for analyzing the segment results. The following financial information is a summary of the operating income of each operational segment:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | |
|  | OEM of Heat Transfer Solutions and Aviation Accessories | MRO Services for heat transfer components and OEM of heat transfer solutions | MRO services for Aviation Components and Lease | <br> **Overhaul and coating of jet engine components** | Elimination of inter-Company sales |<br>Consolidated |
| Revenues - external | $10698 | $11031 | $16862 | $2556 | $- | $41147 |
| Revenues - internal | 42 | 92 | 11 | - | (145) | - |
| Cost of revenues | 7722 | 7593 | 14465 | 1539 | (203) | 31116 |
| Gross profit | 3018 | 3530 | 2408 | 1017 | 58 | 10031 |
| Research and development | 251 | 250 | - | 70 | - | 571 |
| Selling and marketing | 679 | 502 | 831 | 170 | - | 2182 |
| General and administrative | 1356 | 1096 | 1585 | 256 | - | 4293 |
| Operating income | 732 | 1682 | (8) | 521 | 58 | 2985 |
| Financial (income) expenses, net | (764) | 102 | 653 | (30) | - | (39) |
| Income before taxes | $1496 | $1580 | $(661) | $551 | $58 | $3024 |

---

F - 14

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 6 -** | **SEGMENT INFORMATION (CONT)** |

---

#### Segments statement operations disclosure (cont.)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
|  | OEM of Heat Transfer Solutions and Aviation Accessories | MRO Services for heat transfer components and OEM of heat transfer solutions | **MRO services**<br> **for Aviation**<br> **Components**<br> **and Lease** | <br> **Overhaul and**<br> **coating of jet**<br> **engine**<br> **components** | **Elimination of**<br> **inter-Company**<br> **sales** | Consolidated |
| Revenues - external | $9750 | $11909 | $18298 | $2185 | $- | $42142 |
| Revenues - internal | 337 | 568 | - | - | (905) | - |
| Cost of revenues | 7173 | 8823 | 16045 | 1107 | (960) | 32188 |
| Gross profit | 2914 | 3654 | 2253 | 1078 | 55 | 9954 |
| Research and development | 149 | 140 | - | 35 |  | 324 |
| Selling and marketing | 451 | 554 | 788 | 135 |  | 1928 |
| General and administrative | 1076 | 795 | 1504 | 157 |  | 3532 |
| Operating income | 1238 | 2165 | (39) | 751 | 55 | 4170 |
| Financial expenses, net | (718) | 150 | 630 | (4) | - | 58 |
| Income before taxes | $1956 | $2015 | $(669) | $755 | $55 | $4112 |

---

F - 15

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| **NOTE 6 -** | **SEGMENT INFORMATION (CONT)** |

---

#### The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** |
|  | OEM of Heat Transfer Solutions and Aviation Accessories | MRO Services for heat transfer components and OEM of heat transfer solutions | MRO services for Aviation Components and Lease | **Overhaul and coating of jet engine components** | Amounts not allocated to segments | Consolidated |
| Total assets | $80108 | $47565 | $94967 | $11139 | $(972) | $232807 |
| Depreciation and amortization | 252 | 291 | 721 | 89 | (40) | 1313 |
| Expenditure for segment assets | 632 | 113 | 638 | 37 | - | 1420 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, 2025 | Year Ended December 31, 2025 | Year Ended December 31, 2025 | Year Ended December 31, 2025 | Year Ended December 31, 2025 | Year Ended December 31, 2025 |
|  | OEM of Heat Transfer Solutions and Aviation Accessories | MRO Services for heat transfer components and OEM of heat transfer solutions | MRO services for Aviation Components and Lease | **Overhaul and coating of jet engine components** | Amounts not allocated to segments | Consolidated |
| Total assets | $78541 | $45305 | $93473 | $10321 | $(911) | $226729 |
| Depreciation and amortization | 905 | 1107 | 2894 | 356 | (161) | 5101 |
| Expenditure for segment assets | 3179 | 839 | 7180 | 225 | - | 11423 |

---

F - 16

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

NOTE 7 - REVENUES

#### Total revenues - by geographical location were attributed according to customer residential country as follows:

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | 2026 | 2025 |
| **Sale of Products** |  |  |
| United States | $9595 | $7981 |
| Europe | 794 | 836 |
| Israel | 1503 | 1770 |
| Other | 2014 | 2137 |
|  | $13906 | $12724 |

---

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
|  | 2026 | 2025 |
| **Sale of Services** |  |  |
| United States | $16881 | $19719 |
| Europe | 4347 | 4183 |
| Israel | 1810 | 1604 |
| Other | 4203 | 3912 |
|  | $27241 | $29418 |

---

#### Total long-lived assets - by geographical location were as follows:

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2026** | **December 31,**<br>**2025** |
| United States | $37458 | $37790 |
| Israel | 15188 | 14939 |
| Total | $52646 | $52729 |

---

#### Contract liabilities:
Contract liabilities primarily included advance payments from customers expected to be recognized within a year. For the three months ended March 31, 2026 and 2025, $831 and $1,692, respectively, of the recognized revenue was included in deferred revenue at the beginning of the periods.

F - 17

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TAT TECHNOLOGIES LTD.

UNAUDITED CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

------

U.S. dollars in thousands

---

| | |
|:---|:---|
| NOTE 8 -  | **SUBSEQUENT EVENTS** |

---

TAT, through its Piedmont subsidiary, holds less than 5% of the equity securities of First Aviation Services Inc. ("FAvS"). In April 2026, an independent third party entered into a definitive agreement to acquire First Aviation Services. The company anticipates receiving cash proceeds as a result of the transaction in the range of $4.3 to $4.5 million and a resulting gain of $4.1 to $4.3 million upon and subject to the closing of the transaction.

F - 18

## Exhibit 99.2

**<u>Exhibit 99.2</u>**

#### TAT TECHNOLOGIES LTD.

#### <br>

#### OPERATING AND FINANCIAL REVIEW AND PROSPECTS
*You should read the following discussion and analysis of our financial condition and results of operations together with (i) our unaudited condensed consolidated financial statements as of March 31, 2026 and for the three months ended March 31, 2026, included as Exhibit 99.1 to this Report on Form 6-K (this "Report"), (ii) our audited consolidated financial statements and other financial information as of and for the year ended December 31, 2025 appearing in our Annual Report on Form 20-F for the year ended December 31, 2025 (our "Annual Report") and (iii) Item 5 — "Operating and Financial Review and Prospects" of our Annual Report. Some of the information contained in this discussion and analysis, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in the section entitled "Cautionary Statement Regarding Forward-Looking Statement" and in the section entitled Item 3.D. "Risk Factors" of our Annual Report, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.*

*Unless otherwise designated, the terms "we", "us", "our", "TAT", "the Company" and "our company" refer to TAT Technologies Ltd.*

*All references in this Report to "dollar," "USD" or "$" refer to U.S. dollars and the terms "Israeli currency", "NIS", and "ILS" refer to Israeli New Shekels.*

#### Cautionary Statement Regarding Forward-Looking Statements
Statements in this Report may constitute "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "may," "might," "will," "could," "would," "intends," "plans," "believes," "anticipates," "expects," "seeks," "estimates," "predicts," "potential," "continue," "contemplate" or "opportunity," the negative of these words or words of similar import. Similarly, statements that describe our business outlook or future economic performance, anticipated revenues, expenses or other financial items, introductions and advancements in development of products, and plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are also forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. Factors that could cause or contribute to such differences include, but are not limited to, those set forth in *Item 3.D. "Risk Factors"* in our Annual Report, as well as those discussed elsewhere in our Annual Report and in our other filings with the Securities and Exchange Commission.

------

#### Company Overview
TAT is reliant on the robustness of the commercial and military aerospace and ground defense industries. Any downturn in these industries could weaken demand for its solutions and services and negatively impact its financial results. The commercial airline industry is cyclical and has historically been subject to fluctuations due to general economic and political conditions, such as fuel and labor costs, price competition, downturns in the global economy and national and international events.

TAT's cost of revenues for OEM operations and MRO services consists of component and material costs, direct labor costs, quality assurance costs, shipping expenses, royalties, overhead related to manufacturing and depreciation of manufacturing equipment. TAT's gross margin is affected by the proportion of its revenues generated from each of its operational segments.

The principal factors that affect the operating income of TAT's four segments, in addition to their gross profit, is the expenditure on selling and marketing expenses and general and administrative expenses. While TAT closely monitors its operating expenses to prevent unnecessary spending, we believe that these operating expenses may increase in the future in accordance with our plans to grow the business.

TAT's research and development expenses are related to new products and technologies or significant improvement of existing products and technologies.

TAT's selling and marketing expenses are related to commission payments, compensation and related expenses of TAT's sales teams, participation in trade shows, travel expenses, advertising expenses and related costs for facilities and equipment.

TAT's general and administrative expenses are related to compensation and related expenses for executive, finance and administrative personnel, professional fees such as legal, audit, SOX, internal audit, insurance premiums and general corporate expenses and related costs for facilities and equipment.

------

#### <br>

#### Results of operations
TAT's management evaluates its performance by focusing on key performance indicators, which are revenues, sources of revenues, gross profit, operating income and EBITDA. These key performance indicators are primarily affected by the competitive landscape in which TAT operates and its ability to meet the challenges posed.

The results of operations presented below should be reviewed in conjunction with the unaudited condensed consolidated financial statements as of March 31, 2026 and for the three months ended March 31, 2026 and 2025, included in Exhibit 99.1 to this Report, our audited consolidated financial statements as of and for the year ended December 31, 2025 appearing in our Annual Report, and Item 5 - "Operating and Financial Review and Prospects" of our Annual Report.

The following table presents, for the periods indicated, information concerning TAT's results of operations:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2026** | **2025** | **2025** |
| **U.S. dollars in thousands** | **Amount** | **%** | **Amount** | **%** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Products | $13906 | 33.8% | $12724 | 30.2% |
| &nbsp;&nbsp;&nbsp; Services | 27241 | 66.2% | 29418 | 69.8% |
|  | 41147 | 100.0% | 42142 | 100.0% |
| Cost of goods: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Products | 10099 | 24.5% | 8331 | 19.8% |
| &nbsp;&nbsp;&nbsp; Services | 21017 | 51.1% | 23857 | 56.6% |
|  | 31116 | 75.6% | 32188 | 76.4% |
| &nbsp;&nbsp;&nbsp; Gross profit | 10031 | 24.4% | 9954 | 23.6% |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Research and development, net | 571 | 1.4% | 324 | 0.8% |
| &nbsp;&nbsp;&nbsp; Selling and marketing | 2182 | 5.3% | 1928 | 4.6% |
| &nbsp;&nbsp;&nbsp; General and administrative | 4293 | 10.4% | 3532 | 8.4% |
|  | 7046 | 17.1% | 5784 | 13.7% |
| Operating income | 2985 | 7.3% | 4170 | 9.9% |
| &nbsp;&nbsp;&nbsp; Interest expenses | (148) | -0.4% | (335) | -0.8% |
| &nbsp;&nbsp;&nbsp; Other financial income, net | 187 | 0.5% | 277 | 0.7% |
|  Income before taxes on income | 3024 | 7.3% | 4112 | 9.8% |
| Provision for taxes on income | 145 | 0.4% | 592 | 1.4% |
| Profit before share of equity investment | 2879 | 7.0% | 3520 | 8.4% |
| Share in profits of equity investment of affiliated companies | 521 | 1.3% | 293 | 0.7% |
| Net income | $3400 | 8.3% | $3813 | 9.0% |

---

------

#### Revenues

#### <br>
TAT, directly and through its subsidiaries, provides a variety of solutions and services to the commercial and military aerospace and ground defense industries, including:

<br> (i) OEM of heat transfer solutions and aviation components, such as heat exchangers, pre-coolers and oil/fuel hydraulic coolers (through TAT Israel);

<br> (ii) MRO services for heat transfer components and OEM of heat transfer solutions (through our Limco subsidiary);

<br> (iii) MRO services for aviation components (through our Piedmont subsidiary); and

<br> (iv) Overhaul and coating of jet engine components (through our Turbochrome subsidiary).

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended**<br> **March 31,** | **Three months ended**<br> **March 31,** | Change | Change |
| **U.S. dollars in thousands** | 2026 | 2025 | **$** | % |
|  OEM of heat transfer solutions and aviation accessories | $10740 | $10087 |  | 6.5% |
|  MRO services for heat transfer components and OEM of heat transfer solutions | 11123 | 12477 |  | -10.9% |
|  MRO services for aviation components | 16873 | 18298 |  | -7.8% |
|  Overhaul and coating of jet engine components | 2556 | 2185 |  | 17.0% |
|  Eliminations | (145) | (905) |  | -84.0% |
| &nbsp;&nbsp;&nbsp; Total revenue | $41147 | $42142 |  | -2.4% |

---

Total revenues were $41.1 million for the three months ended March 31, 2026, compared to $42.1 million for the same period in 2025, a 2.4% decrease. The change in revenues reflects a mixed performance across our operating segments. Revenues increased in both the OEM of heat transfer solutions and aviation accessories segment and the overhaul and coating of jet engine components segment. These increases were more than offset by lower revenues in the MRO services for heat transfer components and OEM heat transfer solutions segment and in the MRO services for aviation components segment as our MRO segments were hindered by supply chain disruptions in the quarter. These supply chain disruptions are not viewed as a systemic issue as our intake and backlog of work remain robust.

#### Cost of revenues

TAT's cost of revenues for OEM operations and MRO services consists of component and material costs, direct and indirect labor costs, quality assurance costs, royalties, shipping expenses, overhead related to manufacturing and depreciation of manufacturing equipment.

TAT's gross margin was affected by the proportion of TAT's revenues generated from OEM operations and MRO services in each of the reported periods.

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Three months ended**<br> **March 31,** | **Three months ended**<br> **March 31,** | Change |
| **U.S. dollars in thousands** | 2026 | 2025 | % |
|  OEM of heat transfer solutions and aviation accessories | $7722 | $7173 | 7.7% |
|  MRO services for heat transfer components and OEM of heat transfer solutions | 7593 | 8823 | -13.9% |
|  MRO services for aviation components | 14465 | 16045 | -9.8% |
|  Overhaul and coating of jet engine components | 1539 | 1107 | 39.0% |
|  Eliminations | (203) | (960) | -78.9% |
| &nbsp;&nbsp;&nbsp; Total cost of revenue | $31116 | $32188 | -3.3% |
| &nbsp;&nbsp;&nbsp; Gross profit | $10031 | $9954 | 0.8% |

---

Cost of revenues was $31.1 million for the three months ended March 31, 2026, compared to $32.2 million for the same period in 2025, a 3.3% decrease. As a percentage of revenues, cost of revenues decreased to 75.6% for the three months ended March 31, 2026, from 76.4% in the prior-year period.

The decrease in cost of revenues was primarily driven by a more favorable mix of segment revenues and improved operating efficiencies. The improvement in cost of revenues as a percentage of revenues reflects better absorption of fixed manufacturing overhead and continued focus on cost management across our operations.

#### Operating expenses

#### Research and development expenses, net
Research and development expenses, net are related to new products and technologies or to a significant improvement of products and technologies, net of grants and participations received.

#### Selling and marketing expenses
Selling and marketing expenses consist primarily of commission payments, compensation and related expenses of TAT's sales teams, participation in trade shows, travel expenses, advertising expenses and related costs for facilities and equipment.

#### General and administrative expenses
General and administrative expenses consist of compensation and related expenses for executive, finance and administrative personnel, professional fees such as legal, audit, SOX, internal audit, other general corporate expenses and related costs for facilities and equipment.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** | Change | Change |
| **U.S. dollars in thousands** | 2026 | 2025 | $% | % |
|  Research and development, net | $571 | $324 |  | 76.2% |
|  Selling and marketing | 2182 | 1928 |  | 13.2% |
|  General and administrative | 4293 | 3532 |  | 21.5% |
| &nbsp;&nbsp;&nbsp; Total operating expenses | $7046 | $5784 |  | 21.8% |

---

*Research and development, net*

** 

<br> Research and development expenses were $0.6 million for the three months ended March 31, 2026, an increase of 76.2% compared to $0.3 million for the same period in 2025. The increase was primarily driven by higher personnel-related costs associated with additional headcount and increased spending on materials and supplies to support the launch of our new FutureWorks R&D Lab and development cost of our NewGen thermal solution. As a percentage of revenues, research and development expenses were 1.4% for the three months ended March 31, 2026, compared to 0.8% in the prior-year period, reflecting our continued investment in innovation and product development capabilities.

*Selling and marketing*

** 

<br> Selling and marketing expenses were $2.2 million for the three months ended March 31, 2026, compared to $1.9 million for the three months ended March 31, 2025. The increase reflects higher promotional activity and continued investment in brand-building initiatives to support revenue growth. Selling and marketing expenses represented 5.3% of revenues for the three months ended March 31, 2026, compared to 4.6% in the prior-year period.

*General and administrative*

** 

<br> General and administrative expenses increased 21.5% to $4.3 million for the three months ended March 31, 2026, from $3.5 million for the same period in 2025. The increase was primarily driven by higher personnel-related expenses, including additional headcount to improve the finance department capabilities given the change in our regulatory environment, stock-based compensation, and recruitment costs associated with hiring key officers and senior executives. These increases are consistent with our long-term strategy to strengthen our organizational infrastructure in support of both organic and inorganic growth initiatives. General and administrative expenses were 10.4% of revenues for the three months ended March 31, 2026, compared to 8.4% in the prior-year period.

------

#### Other expenses (income)

#### Interest expenses, net
Interest expenses, net consist of interest income and expense. Interest income and expenses relate to the interest received from or paid to banks for the outstanding deposits and debts, respectively.

#### Other financial income, net
Other financial income, net included foreign exchange gain (loss) for the changes in rate of the ILS or other currencies against the U.S. dollar.

#### Provision for taxes on income
Tax expense consists of Israeli and U.S. federal and state taxes on the income of TAT's business and changes in deferred tax assets or liabilities.

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** | Change |
| **U.S. dollars in thousands** | 2026 | 2025 | % |
|  Interest expenses, net | $(148) | $(335) | -55.8% |
|  Other financial income, net | 187 | 277 | -32.5% |
|  Provision for taxes on income | 145 | 592 | -75.5% |
|  Share in profits of equity investment of affiliated companies | 521 | 293 | 77.8% |

---

*Interest expenses, net*

** 

<br> Interest expense, net was $0.1 million for the three months ended March 31, 2026, compared to $0.3 million for the same period in 2025. The decrease reflects lower borrowing costs and reduced average outstanding debt during the period. Interest expense represented 0.4% of revenues for the three months ended March 31, 2026, compared to 0.8% in the prior-year period.

*Other financial income, net*

** 

<br> Other financial income, net was $0.2 million for the three months ended March 31, 2026, compared to $0.3 million for the same period in 2025. The change was primarily driven by interest income earned on money market placements, partially offset by higher foreign exchange losses related to the revaluation of long-term loans denominated in Israeli Shekel. These losses resulted from fluctuations in the U.S. dollar/ILS exchange rate during the first quarter of 2026. In contrast, other financial income in the first quarter of 2025 was mainly attributable to foreign exchange gains. As a percentage of revenues, other financial income, net was 0.5% for the three months ended March 31, 2026, compared to 0.7% in the prior-year period.

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*Provision for taxes on income*

** 

<br> Taxes on income were $0.1 million for the three months ended March 31, 2026, compared to $0.6 million for the same period in 2025. The decrease primarily reflects lower taxable income and the impact of jurisdictional mix during the period. As a percentage of revenues, the provision for taxes on income was 0.4% for the three months ended March 31, 2026, compared to 1.4% in the prior-year period.

*Share in profits of equity investment of affiliated companies*

** 

<br> Share in profits of equity-method investees amounted to a gain of $0.6 million for the three months ended March 31, 2026, compared to a gain of $0.3 million for the same period in 2025. The increase reflects improved operating performance of the affiliated companies during the period.

#### Liquidity and Capital Resources
As of March 31, 2026, TAT had cash and cash equivalents of $51.2 million, compared to $51.3 million as of December 31, 2025, reflecting a modest decrease of $0.1 million during the period.

During the three months ended March 31, 2026, TAT reduced its loans and lines of credit with commercial banks by $0.6 million, consistent with management's focus on strengthening the balance sheet and lowering financial leverage.

Capital expenditures totaled $1.4 million for the three months ended March 31, 2026. These investments were funded primarily through existing cash resources and cash generated from operations. TAT expects that its current cash position, together with anticipated operating cash flows, will be sufficient to fund planned capital expenditures and ongoing operational needs.

Management believes that anticipated cash flows from operations, combined with current cash balances, will be adequate to meet the Company's liquidity requirements for at least the next 12 months from the issuance date of the unaudited financial statements. Future capital requirements will depend on a variety of factors, including the pace of revenue growth, expansion of selling and marketing activities, entry into new markets, and the timing of new product and service introductions.

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#### Cash Flows
The following table summarizes TAT's statements cash flows for the periods presented:

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| | | |
|:---|:---|:---|
|  | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
| **U.S. dollars in thousands** | 2026 | 2025 |
| Net cash provided by (used in) operating activities | $1950 | $(5035) |
| Net cash used in investing activities | (1420) | (2862) |
| Net cash provided by (used in) financing activities | (551) | 5798 |
| Net increase (decrease) in cash and cash equivalents | (21) | (2099) |
| Cash and cash equivalents and restricted cash at beginning of the period | 51566 | 7434 |
| Cash and cash equivalents and restricted cash at end of the period | $51545 | $5335 |

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Net cash provided by operating activities for the three months ended March 31, 2026, amounted to approximately $2.0 million, compared to net cash used in operating activities of $5.0 million for the three months March 31, 2025.

Net cash provided by operating activities was $2.0 million for the three months ended March 31, 2026, reflecting the combined impact of operating performance and working capital movements. Operating cash inflows were primarily driven by a $2.5 million increase in trade accounts payable, largely due to the timing of inventory-related purchases, and a $2.9 million reduction in trade accounts receivable. These inflows were offset by a $6.4 million increase in inventory and a $2.3 million increase in prepaid expenses and other current assets, primarily attributable to prepaid royalties under a vendor agreement.

Net cash used in operating activities was $5.0 million for the three months ended March 31, 2025. Operating cash flow was negatively affected by several working capital outflows. Inventory increased $3.9 million as the Company expanded stock levels to support projected sales. Trade accounts receivable increased $3.5 million, reflecting higher sales volume during the quarter and the related timing of collections. Accrued expenses and other current liabilities decreased $3.0 million, primarily due to the settlement of accrued royalties. The net operating cash outflow for the period reflected the timing of royalty settlements and the working capital required to support higher ongoing sales activity.

For the three months ended March 31, 2026 and 2025, net cash used by investing activities was $1.4 million and $2.9 million, respectively. The cash usage was substantially attributed to investment mainly in machinery and equipment for strategic improvements at the Company's various operating facilities.

For the three months ended March 31, 2026, net cash used in financing activities was $0.6 million. Net cash used in financing activities was primarily attributable to repayments of long-term loans.

For the three months ended March 31, 2025, net cash provided by financing activities was $5.8 million, primarily from $6.4 million gross proceeds from short-term credit, net of repayment of long-term loans by $0.6 million.

#### Off-Balance Sheet Arrangements

#### <br>
We are not a party to any material off-balance sheet arrangements. In addition, we have no unconsolidated special purpose financing or partnership entities that are likely to create material contingent obligations.