SPACE42 PLC Management Discussion and Analysis Report for the Period Ended December 31,2025 | premargin
SPACE42 PLC Management Discussion and Analysis Report for the Period Ended December 31,2025
·ADX·Financial Reports | Management Discussion and Analysis Report·February 26, 2026·View on exchange
AI Summary
Space42 reported full-year 2025 consolidated revenue of USD 577 million (down 8% YoY) and a normalized EBITDA of USD 224 million, reflecting a transition in the Smart Solutions segment and USD 132 million in one-off impairment charges.
The Group closed the year with USD 6.5 billion in contracted future revenues, providing long-term visibility equivalent to approximately 11.2 times its 2025 revenue.
A major 17-year capacity and managed services contract with the UAE Government worth USD 5.1 billion is set to commence in November 2026, expected to generate approximately USD 300 million in annual revenue.
Operational milestones included the January 2025 launch of Thuraya-4 and the expansion of the Foresight constellation in November 2025, while the Al Yah 4 and Al Yah 5 programs remain on schedule for 2027 and 2028 launches.
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