UAE's Space42 revenue rises 15% as satellite-phone services near 2026 rollout

gulfnews.com

Space42's first-half revenue rose 15% year on year to $260 million, supported by record satellite services, as direct-to-device mobile services near commercial rollout by end-2026. Space Services revenue grew 15%, boosted by government business and a $700 million capacity contract. Smart Solutions rose 14% on geospatial demand. Normalised EBITDA increased 12%, with cash above $1.1 billion and backlog at $6.3 billion. Thuraya-4 tests with Skylo for satellite-to-phone SMS and SOS succeeded. Al Yah 4/5 programme, backed by a $5.1 billion contract, is expected to generate $300 million annually from late 2026.


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UAE's Space42 revenue rises 15% as satellite-phone services near 2026 rollout | News Minimalist