Eutelsat Communications

Latest Results (16.10.2025):

Eutelsat Communications reported its full year 2024-25 financial results, achieving total revenues of €1,244 million, a 2.5% increase on a reported basis and a 1.6% rise like-for-like. The company maintained a stable Adjusted EBITDA of €676.2 million, with an Adjusted EBITDA margin of 54.4%. Notably, LEO revenues surged by over 80%, contributing approximately 15% to the group's total revenues.

Total Revenue Growth

Eutelsat Communications' total revenues for FY 2024-25 reached €1,244 million, marking a 2.5% increase on a reported basis and a 1.6% growth like-for-like. Revenues from the four Operating Verticals rose by 0.8% to €1,226 million, underscoring steady performance across core business areas.

Significant Increase in LEO Revenues

LEO revenues experienced an impressive growth of 84.1%, amounting to €187 million and representing approximately 15% of the group's total revenues. This substantial increase highlights the strong demand momentum and the strategic importance of LEO services within Eutelsat's portfolio.

Stable Adjusted EBITDA and Margin

The company maintained a stable Adjusted EBITDA of €676.2 million for FY 2024-25, with an Adjusted EBITDA margin of 54.4%. This stability aligns with Eutelsat's financial projections, despite a slight decrease compared to the previous year.

Strategic Capital Raise

Eutelsat Communications plans to undertake a €1.5 billion capital raise, supported by core shareholders. This capital infusion is aimed at reinforcing the company's financial structure and funding its strategic ambitions, including the continued deployment of its LEO constellation.

Growth in Government Services

Government Services revenues grew by 24.1% to €211 million, driven by increased demand from non-US governments and significant contracts, including a €1 billion framework agreement with France’s Armed Forces Ministry. This growth underscores Eutelsat's enhanced traction with sovereign customers amid a changing geopolitical landscape.