{"id":4592,"date":"2026-05-12T20:55:00","date_gmt":"2026-05-12T18:55:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=3ced9de48922daad3b2ae8963bb3adc0"},"modified":"2026-05-12T20:55:00","modified_gmt":"2026-05-12T18:55:00","slug":"eutelsat-group-uk-regulatory-announcement-eutelsat-communications-third-quarter-and-nine-month-2025-26-revenues","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=4592","title":{"rendered":"Eutelsat Group UK Regulatory Announcement: Eutelsat Communications: Third Quarter and Nine-Month 2025-26 Revenues"},"content":{"rendered":"<ul class=\"bwlistdisc\">\n<li>\n<b><i>Third Quarter Operating Verticals revenues of \u20ac283.7m, up 0.9%<sup>1<\/sup> year\u2011on\u2011year<\/i><\/b><\/li>\n<li>\n<b><i>Sustained double digit growth<\/i><\/b> <b><i><sup>1 <\/sup>in Connectivity, driven by LEO\u2011enabled solutions, up 65% year-on-year<\/i><\/b><\/li>\n<li>\n<b><i>Successful conclusion of comprehensive refinancing strategy<\/i><\/b><\/li>\n<li>\n<b><i>Full Year 2025-26 financial objectives confirmed<\/i><\/b><\/li>\n<\/ul><p>LONDON--(BUSINESS WIRE)--\u00a0<\/p><p>\nEutelsat Communications (ISIN: FR0010221234 - Euronext Paris \/ London Stock Exchange: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2026.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwtopsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\nIn \u20ac millions<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwtopsingle bwalignc bwwidth18\" colspan=\"1\" rowspan=\"2\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q3 2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwtopsingle bwalignc bwwidth18\" colspan=\"1\" rowspan=\"2\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q3 2025-26<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nReported<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nLike-for-like<sup>1<\/sup><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Video<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n151.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n128.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-15.7%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-13.3%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Government Services<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n49.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n50.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1.9%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n11.8%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Mobile Connectivity<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n39.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n45.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n13.2%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n27.0%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Fixed Connectivity<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n59.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n60.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1.0%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n10.6%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Connectivity<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n148.9<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n155.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n4.6%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n15.3%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>LEO<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n42.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n62.2<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n47.2%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n65.0%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>GEO<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n106.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n93.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-12.3%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-4.3%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total Operating Verticals<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>300.6<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>283.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-5.6%<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>0.9%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther Revenues<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-0.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n9.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nn.a.<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nn.a.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>300.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>293.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-2.3%<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>3.1%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>EUR\/USD exchange rate<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>1.04<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>1.18<\/i><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><p class=\"bwalignc\">\n<b>THIRD QUARTER REVENUES<sup>2<\/sup><\/b><\/p><p>\nTotal revenues for the Third Quarter of Financial Year 2025-26 stood at \u20ac293.0 million, down 2.3% on a reported basis, and up by 3.1% like-for-like.<\/p><p>\nRevenues of the four Operating Verticals (i.e., excluding \u2018Other Revenues\u2019) stood at \u20ac283.7 million. They were up 0.9% on a like-for-like basis<sup>1<\/sup>. Quarter\u2011on\u2011quarter, revenues of the four Operating Verticals were down 1.9% like-for-like<sup>1<\/sup>.<\/p><p>\n<i>Note: Unless otherwise stated, all variations indicated hereunder are on a like-for-like basis, i.e., at constant currency.<\/i><\/p><p>\n<b>Video (45% of revenues)<\/b><\/p><p>\nThird Quarter Video revenues amounted to \u20ac128.0 million, down 13.3% year-on-year. This reflects the impact of sanctions on Russian channels imposed at the beginning of the year, (c. \u20ac16 million per annum) as well as the termination of capacity contracts on the Express AT1 and AT2 satellites (low single-digit million impact in FY 2025-26 starting from March 2026), in addition to the underlying decline of this mature business.<\/p><p>\nOn a quarter-on-quarter basis, revenues were down 3.6% reflecting notably the above-mentioned termination of contracts on Express AT1 and AT2.<\/p><p>\nSince it last reported in February 2026, Eutelsat has renewed multiple capacity agreements, notably with Viewsat at the 7\/8\u00b0 West video neighbourhood to support development of broadcast market in MENA, and in Mexico with Cadena Tres, part of Grupo Imagen, as well as with PCTV, a leading content aggregation and distribution company and part of Megacable Holdings, for the continued distribution of video services via the EUTELSAT 117 West A (E117WA) satellite.<\/p><p>\nElsewhere, Eutelsat inked a new partnership with Co-op Cable for a direct-to-home (DTH) and connectivity offering across the Caribbean leveraging the EUTELSAT 65 West A satellite.<\/p><p>\n<b>Connectivity (55% of revenues)<\/b><\/p><p>\nTotal Connectivity revenues for the Third Quarter stood at \u20ac155.7 million up 15.3% year\u2011on\u2011year. Once again, they continued to be driven by strong growth in LEO, up 65%. Quarter-on-quarter, Connectivity revenues were down 0.6%.<\/p><p>\n<b>Fixed Connectivity<\/b><\/p><p>\nThird Quarter Fixed Connectivity revenues stood at \u20ac60.3 million, up 10.6% year-on-year. They reflected the continued momentum of LEO-enabled connectivity solutions, partially offset by more challenging conditions for GEO-enabled services. Quarter-on-quarter, revenues were down 12.9%, reflecting a one\u2011off impact from the upfront recognition of revenues relating to a capacity contract booked in Q2.<\/p><p>\nOn the commercial front, Eutelsat signed a new multi-year agreement with MTN C\u00f4te d\u2019Ivoire to deliver satellite connectivity services using EUTELSAT KONNECT\u2019s high-throughput capacity. The agreement will expand reliable broadband access nationwide, addressing the connectivity needs of consumer and enterprise segments while supporting digital inclusion through community Wi-Fi hotspots in underserved areas.<\/p><p>\n<b>Government Services<\/b><\/p><p>\nThird Quarter Government Services revenues stood at \u20ac50.4 million, up 11.8% year-on-year. They reflected continued growth in LEO-enabled solutions, notably through services delivered in Ukraine, alongside rising demand from non-US governments. Quarter-on-quarter, revenues were up 10%, notably due to acceleration of LEO activities.<\/p><p>\nLooking ahead, in the Fourth Quarter, Eutelsat expects to recognise revenues from the Nexus framework agreement with the French Ministry of Defence. As previously communicated, revenues will ramp over the 10-year duration of the agreement.<\/p><p>\n<b>Mobile Connectivity<\/b><\/p><p>\nThird Quarter Mobile Connectivity revenues stood at \u20ac45 million, up 27% year-on-year, reflecting the ongoing growth in the Aero segment, across both GEO and LEO solutions. Quarter-on-quarter, revenues were up 8.3%.<\/p><p>\nIn Aero mobility, a significant new connectivity agreement, powered in part through Eutelsat\u2019s OneWeb LEO network, was announced for Japan Airlines, with more than 40 wide\u2011body aircraft set to be equipped with a next\u2011generation IFC solution. The service, deployed by our partner, SES Satellites, will combine GEO capabilities with our LEO constellation, delivering the redundancy, resilience and low\u2011latency performance required for long\u2011haul operations, including line\u2011fit installations on both Airbus A350\u2011900 and Boeing 787 aircraft.<\/p><p>\nWith 600 installations, 15 airlines already committed and a further 160+ private jets connected, OneWeb LEO is powering a new standard of IFC, built for resiliency, reliability, scalability and passenger expectations at altitude<\/p><p>\nElsewhere on the commercial front, Eutelsat entered a multi\u2011year partnership with Singapore\u2011based Can Marine to deliver state\u2011of\u2011the\u2011art maritime connectivity services, leveraging Eutelsat\u2019s OneWeb LEO capacity. Furthermore, Eutelsat and its longstanding partner, India\u2019s Station Satcom, a leader in maritime connectivity, signed an expanded multi-year, multi-million-dollar agreement to scale the deployment of Eutelsat\u2019s OneWeb LEO connectivity services across Station Satcom\u2019s global maritime fleet.<\/p><p>\nThe agreement follows the activation of hundreds of vessels on the OneWeb network, whereby Station Satcom will significantly expand the number of vessels equipped with Eutelsat\u2019s LEO services, with over 1,000 vessels in the current deployment pipeline.<\/p><p>\nFinally, Eutelsat continued to expand its portfolio of user terminals for rail applications, with partners including Kymeta and Hughes Network Systems developing and testing dedicated rail\u2011certified hardware optimized for the OneWeb LEO network.<\/p><p>\n<b>Other Revenues<\/b><\/p><p>\n\u2018Other Revenues\u2019 amounted to \u20ac9.4 million in the Third Quarter versus -\u20ac0.7 million a year earlier and<\/p><p>\n\u20ac7.6 million in the Second Quarter<i>.<\/i> They reflected revenue recognition from IRIS<sup>2<\/sup> related to Eutelsat\u2019s involvement as Consortium System Development Prime. They also included an almost neutral impact (+\u20ac0.3 million) from hedging operations compared to a negative impact of \u20ac3.1 million last year and a positive impact of \u20ac2.7 million in the Second Quarter.<\/p><p class=\"bwalignc\">\n<b>BACKLOG<\/b><\/p><p>\nThe backlog stood at \u20ac3.4 billion as of 31 March 2026 versus \u20ac3.6 billion a year ago, and \u20ac3.4 billion at end-December 2025. The natural erosion of the backlog in the first nine months was notably offset by the renewal with Polsat and growth in the LEO backlog.<\/p><p>\nIt was equivalent to 2.8 times FY 2024-25 revenues, with Connectivity representing 58%.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwpadl0 bwwidth55\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>31 March 2025<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n31 Dec. 2025<\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>31 March 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl1 bwwidth55\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nValue of contracts (\u20ac billions)<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>3.6<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.4<\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>3.4<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwleftsingle bwpadl1 bwwidth55\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>Value in years of revenues based on previous year<\/i><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b><i>3.0<\/i><\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>2.7<\/i><\/p><\/td><td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b><i>2.8<\/i><\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwpadl1 bwwidth55\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of Connectivity application<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>57%<\/b><\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n59%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>58%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Note: <\/b><i>The backlog represents future revenues from capacity or service agreements and can include contracts for satellites under procurement.<\/i><b> <\/b><i>Managed services are not included in the backlog.<\/i><\/p><\/td><\/tr>\n<\/table><p class=\"bwalignc\">\n<b>NINE MONTH REVENUES<\/b><\/p><p>\nRevenues for the first Nine Months of FY 2025-26 stood at \u20ac884.7 million, down 2.4% on a reported basis and up by 1.1% at constant currency.<\/p><p>\nRevenues of the four Operating Verticals (excluding \u2018Other Revenues\u2019) were almost stable (-0.1%) on a like-for-like basis, excluding a negative currency effect of \u20ac42 million.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwtopsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\nIn \u20ac millions<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwtopsingle bwalignc bwwidth18\" colspan=\"1\" rowspan=\"2\"><p class=\"bwalignc bwcellpmargin\">\n<b>9m 2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwtopsingle bwalignc bwwidth18\" colspan=\"1\" rowspan=\"2\"><p class=\"bwalignc bwcellpmargin\">\n<b>9m 2025-26<\/b><\/p><\/td><td class=\"bwvertalignb bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nReported<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nLike-for-like<sup>3<\/sup><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Video<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n460.9<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n394.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-14.4%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-12.6%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nGovernment Services<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n145.9<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n149.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n2.1%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n9.1%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMobile Connectivity<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n115.1<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n121.6<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.7%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n14.9%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFixed Connectivity<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n178.6<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n192.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n7.7%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n15.0%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Connectivity<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n439.6<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n463.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.3%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n13.0%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\no\/w LEO<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n116.2<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n172.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n48.6%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n61.6%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\no\/w GEO<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n323.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n290.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-10.2%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-4.5%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total Operating Verticals<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>900.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>857.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-4.8%<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-0.1%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther Revenues<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n5.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n27.2<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nn.a.<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\nn.a.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>906.2<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>884.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-2.4%<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwrowaltcolor1 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1.1%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>EUR\/USD exchange rate<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>1.07<\/i><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>1.17<\/i><\/p><\/td><td class=\"bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><p class=\"bwalignc\">\n<b>COMPLETION OF COMPREHENSIVE REFINANCING PROGRAMME<\/b><\/p><p>\nOn 5 March, Eutelsat announced the closing of a \u20ac1.5 billion senior notes offering, a transaction representing the final milestone in the Group\u2019s comprehensive c. \u20ac5 billion equity and debt financing strategy.<\/p><p>\nIn addition to the bond issuance, the programme included a capital raise supported by its main shareholders, export credit financings, and an extension of bank debt maturities aimed at enabling the Group to finance its medium-term plan and cover the totality of its projected investment needs over the period 2026-2029.<\/p><p class=\"bwalignc\">\n<b>OUTLOOK<\/b><\/p><p>\nOn the back of the performance of the first Nine Months, we confirm our objectives for the Full Year 2025-26:<\/p><ul class=\"bwlistdisc\">\n<li>\nRevenues of the four Operating Verticals in line with the level of FY 2024-25.<\/li>\n<li>\nLEO revenues to grow by 50% year-on-year.<\/li>\n<li>\nAdjusted EBITDA margin slightly below the level of FY 2024-25.<\/li>\n<\/ul><p>\nGross capital expenditure is expected around \u20ac900 million.<\/p><p>\nFollowing the successful completion of the \u20ac1.5 billion capital increases in December 2025, Net Debt\/EBITDA is estimated at c.2.7x by year-end FY 2025-26, reflecting a robust and self-funded financing structure.<\/p><p>\nOur longer-term objectives are also confirmed:<\/p><ul class=\"bwlistdisc\">\n<li>\nRevenues of the four Operating Verticals between \u20ac1.5 and \u20ac1.7 billion<sup>4<\/sup> by the end of FY 2028\u201129, with LEO revenues significantly outperforming the market.<\/li>\n<li>\nOperating leverage driving a mid-to-high single-digit percentage point improvement in the EBITDA margin, resulting in a margin of at least 65% <sup>4 <\/sup>by FY 2028-29.<\/li>\n<\/ul><p>\nIn the longer term (post FY 2028-29), the B2B connectivity market is expected to pursue its growth at a double-digit rate, mostly driven by LEO market expansion.<\/p><p>\nNote: Financial objectives assume: (i) no additional impact on revenues due to sanctions imposed on channels broadcast on the group's fleet (ii) the nominal launch and entry into operation of satellites in course of construction in accordance with the timetable envisaged by the Group; (iii) no incidents affecting any of the satellites in-orbit.<\/p><p>\n<b>Third Quarter 2025-26 revenues conference call &amp; webcast\n<br\/><\/b>A conference call and webcast will be held on <b>Tuesday, 12 May 2026<\/b> at <b>6:30pm CET<\/b><\/p><p>\nPlease register <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Feutelsat.engagestream.euronext.com%2Fthird-quarter-2025-2026-revenues&amp;esheet=54534425&amp;newsitemid=20260512096515&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=803cf29878400830d45b66bc11c93997\" rel=\"nofollow\" shape=\"rect\">here<\/a> to access the webcast presentation\n<br\/>(replay will be available on same link)<\/p><p>\nOr register <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fengagestream.euronext.com%2Feutelsat%2Fthird-quarter-2025-2026-revenues%2Fdial-in&amp;esheet=54534425&amp;newsitemid=20260512096515&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=fe559ac05b9ba718f9c4c6b90931f73e\" rel=\"nofollow\" shape=\"rect\">here<\/a> for the conference call.<\/p><p>\n<b>Financial calendar\n<br\/><\/b>The financial calendar is provided for information purposes only. It is subject to change and will be regularly updated.<\/p><p>\n<b>7 August 2026: Full Year 2025-26 results<\/b><\/p><p>\n<b>About Eutelsat Communications<\/b><\/p><p>\nEutelsat is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. Eutelsat was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 31 Geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. Eutelsat addresses the needs of customers in four key verticals of Video, where it distributes around 6,300 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat's unique suite of in-orbit assets and ground infrastructure enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and Eutelsat employs more than 1,600 people across more than 75 countries. Eutelsat is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).<\/p><p>\nFind out more at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eutelsat.com&amp;esheet=54534425&amp;newsitemid=20260512096515&amp;lan=en-US&amp;anchor=www.eutelsat.com&amp;index=3&amp;md5=03b4bbb027a68967a906e26fbecfdb18\" rel=\"nofollow\" shape=\"rect\">www.eutelsat.com<\/a><\/p><p>\n<b>Disclaimer<\/b><\/p><p>\nThe forward-looking statements included herein are for illustrative purposes only and are based on management\u2019s views and assumptions as of the date of this document.<\/p><p>\nSuch forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk.<\/p><p>\nEutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based, unless so required by applicable law.<\/p><p>\nThe information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.<\/p><p class=\"bwalignc\">\n<b>APPENDIX<\/b><\/p><p>\n<b>Quarterly Reported revenues for FY 2024-25 and FY 2025-26<\/b><\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28 bwtopsingle\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\nIn \u20ac millions<\/p><\/td><td class=\"bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q1<\/b><\/p><\/td><td class=\"bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q2<\/b><\/p><\/td><td class=\"bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q3<\/b><\/p><\/td><td class=\"bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q4<\/b><\/p><\/td><td class=\"bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>FY<\/b><\/p><\/td><td class=\"bwvertalignt bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q1<\/b><\/p><\/td><td class=\"bwvertalignt bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q2<\/b><\/p><\/td><td class=\"bwvertalignt bwtopsingle bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q3<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2024-25<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2024-25<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2025-26<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2025-26<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>2025-26<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Video<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>151.8<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>157.4<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>151.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>147.3<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>608.2<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>133.6<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>133.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>128.0<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nGovernment Services<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n46.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n50.1<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n49.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n65.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n211.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n52.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n46.2<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>50.4<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMobile Connectivity<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n42.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n33.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n39.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n44.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n159.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n34.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n41.9<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>45.0<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFixed Connectivity<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n56.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n62.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n59.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n68.8<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n247.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n62.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n69.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>60.3<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Connectivity<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>144.9<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>145.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>148.9<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>178.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>618.1<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>149.4<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>157.9<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>155.7<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\no\/w LEO<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n33.6<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n40.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n42.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n70.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n186.8<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n54.1<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>56.4<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>62.2<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl4 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\no\/w GEO<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n111.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n105.4<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n106.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n107.9<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n431.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n95.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>101.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>93.5<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total Operating Verticals<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>296.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>303.2<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>300.6<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>325.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1,226.3<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>283.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>290.8<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>283.7<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther Revenues<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.0<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n3.3<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-0.7<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n11.8<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n17.5<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n10.2<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n7.6<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>9.4<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwrowaltcolor1 bwpadl1 bwwidth28\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>299.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>306.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>300.0<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>337.5<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1,243.7<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>293.2<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>298.4<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc bwrowaltcolor1 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>293.0<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<sup>1<\/sup> Like-for-like change, i.e., at constant currency. The variation is calculated as follows: i) Q3 FY 2025-26 USD revenues are converted at Q3 2024-25 rates; ii) Hedging revenues are excluded.\n<br\/><sup>2<\/sup> The share of each application as a percentage of total revenues is calculated excluding \u201cOther Revenues\u201d.\n<br\/><sup>3<\/sup> Change at constant currency. The variation is calculated as follows: i) 9-months FY 2025-26 USD revenues are converted at 9-months 2024-25 rates; ii) Hedging revenues are excluded\n<br\/><sup>4<\/sup>Data at eur\/usd rate of 1.12x.<\/p><p>\n<b>Media enquiries<\/b><br\/>Joanna Darlington Tel. +33 674 521 531 <a  href=\"mailto:joanna.darlington@eutelsat.com\" rel=\"nofollow\" shape=\"rect\">joanna.darlington@eutelsat.com<\/a><br\/>Anita Baltagi Tel. +33 643 930 178 <a  href=\"mailto:anita.baltagi@eutelsat.com\" rel=\"nofollow\" shape=\"rect\">anita.baltagi@eutelsat.com<\/a><br\/>Katie Dowd Tel. +1 202 271 2209 <a  href=\"mailto:katie.dowd@eutelsat.com\" rel=\"nofollow\" shape=\"rect\">katie.dowd@eutelsat.com<\/a><br\/>\n<br\/><b>Investors<\/b><br\/>Joanna Darlington Tel. +33 674 521 531 <a  href=\"mailto:joanna.darlington@eutelsat.com\" rel=\"nofollow\" shape=\"rect\">joanna.darlington@eutelsat.com<\/a><br\/>Hugo Laurens-Berge Tel. +33 670 80 95 58 <a  href=\"mailto:hugo.laurens-berge@eutelsat.com\" rel=\"nofollow\" shape=\"rect\">hugo.laurens-berge@eutelsat.com<\/a><\/p><br\/> <b>Contacts<\/b> <br\/><p>\nEutelsat<\/p>","protected":false},"excerpt":{"rendered":"<p>Third Quarter Operating Verticals revenues of \u20ac283.7m, up 0.9%1 year\u2011on\u2011year<\/p>\n<p>Sustained double digit growth 1 in Connectivity, driven by LEO\u2011enabled solutions, up 65% year-on-year<\/p>\n<p>Successful conclusion of comprehensive refinancing strategy<\/p>\n<p>Full Yea&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4592","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/4592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4592"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/4592\/revisions"}],"predecessor-version":[{"id":4593,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/4592\/revisions\/4593"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}