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Eutelsat's Video vertical contributed 46% of revenues and generated €266.5 million, with a like-for-like year-on-year change of -12.3%.
Eutelsat reported Other Revenues of €17.8 million for the period.
Latham & Watkins LLP acted as legal advisor to Eutelsat for the financing.
Eutelsat canceled procurement of Flexsat Americas, a software-defined satellite it ordered from Thales Alenia Space in 2022.
In the six months to the end of December, Eutelsat generated 110.5 million euro ($131.2 million) of connectivity revenues via the OneWeb LEO constellation, an increase of close to 60% compared to the same stage last year.
Rothschild & Cie acted as financial advisor to Eutelsat for the financing.
Eutelsat’s operating verticals revenues for the first half 2025-26 were €573.8 million.
Eutelsat's Mobile Connectivity vertical contributed 13% of revenues and generated €76.6 million, with a like-for-like year-on-year change of +8.5%.
Eutelsat's total operating verticals generated €573.8 million, with a like-for-like year-on-year change of -0.6%.
Eutelsat identifies hosted payloads and the ground segment as new revenue sources.
Eutelsat achieved government services revenues of 98.6 million euro ($117.1 million) for the six months to the end of December, a near 8% increase compared to the same stage last year.
Eutelsat’s LEO revenues for the first half 2025-26 increased by 60%.
Video represented around 44% of Eutelsat’s overall business for the six-month period ending in December.
Connectivity revenues represented close to 56% of Eutelsat’s overall business for the six-month period ending in December.
Eutelsat is focusing procurement and capital expenditure on Low-Earth Orbit (LEO) activities.
Eutelsat is headquartered in Issy-les-Moulineaux, France.
The disbursement of the ECA financing remains subject to several conditions precedent, including a bond issuance at Eutelsat Communications.
Eutelsat’s first half 2025-26 results were in line with expectations and the company was on track to meet its full-year objectives.
Eutelsat's June 2025 investor presentation identified a need for an additional 340 satellites to expand OneWeb availability until IRIS2 is operational in the early 2030s.
Eutelsat committed €2 billion as part of the consortium partner share for IRIS2.