Slide 1: H1 FY 2026 Financial Results Presentation
Space42 H1 FY 2026 Financial Results Presentation 6 August 2026 Copyright © 2026 Space42 PLC (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.
Slide 2: Speakers
Speakers Karim Michel Sabbagh Andrew Cole Managing Director Chief Financial Officer 2 Copyright © 2026 Space42 PLC (Space42)
Slide 3: Agenda
Agenda 1 Key highlights 2 Strategy update 3 Financial overview 4 Q&A
Slide 4: Key highlights
1 Key highlights
Slide 5: Executing on ambitious strategy, delivering strong progress
H1 2026 RESULTS SIX MONTHS ENDED 30 JUNE 2026 Executing on ambitious strategy, delivering strong progress Four strategic pillars advancing in parallel, delivering exceptional H1 2026 performance STRATEGIC PILLARS H1 2026 KEY FIGURES (All amounts in USD) 01 Premium geospatial data G L O B A L REVENUE
Slide 6: Strategy update
2 Strategy update
Slide 7: Smart Solutions: Premium geospatial data and Space Systems
FORESIGHT CONSTELLATION Smart Solutions 7x Generation 3.5 SAR satellites ▪ Foresight -3, -4, and -5 satellites fully operational Pillar 1 5/7 Satellites in orbit Premium geospatial data and operational GLOBAL Space Systems Region’s first commercial EO1 satellite AIT2 facility Design, deploy, and ope
Slide 8: Smart Solutions: GeoInt AI-enabled platform and services
GIQ LAUNCH ON MICROSOFT AZURE Smart Solutions ▪ Continued GIQ scaling Platform AI Pillar 2 development development with automated data ordering and new AI ▪ Marketplace integration Automated 2D mapping and height models GeoInt AI-enabled platform ▪ Weather platform measurement from SAR imagery ▪ Ope
Slide 9: Space Services: NTN services
Space Services THURAYA-4 BRIDGE TO D2D Thuraya-4 operationalization and service expansion ▪ Thuraya-4 ramp-up continues, with new Pillar 3 government and CAPABILITIES commercial applications ▪ Proprietary satellite phone throughout 2026 NTN services (Thuraya One) GLOBAL ▪ Coverage across 120+ countr
Slide 10: Space Services: Secure connectivity
Space Services GEO EMEA coverage Al Yah 4 and Al Yah 5 ▪ Program progressing on schedule and within Pillar 4 ▪ Highly secure communication budget, with PDR1 and CDR2 completed ▪ Military-grade encryption Secure connectivity ▪ High throughput military ▪ USD 5.1 Bn, 17-year REGIONAL government contrac
Slide 11: Sectorial Priority: Autonomous mobility
ASSETS Sectorial Priority 35+ vehicles across four mobility platforms ▪ JV with Autonomous A2Z progressing, targeting L4 20 8 4 3 autonomous deployment across MEA¹ Autonomous Mobility Charging Robo Robo ART ▪ Agreement with the REGIONAL stations taxi fleet minibuses fleet Integrated Transport Centre
Slide 12: Capital deployment
PROGRAM SIZE Capital deployment Up to 2.5% of issued share capital (c. 119 Mn shares) 2.5% Approx. buyback value USD 53Mn1 Share buyback program (Subject to ADX approval) APPROVALS Buyback of up to 2.5% of issued share capital approved, underscoring confidence in long-term value of General Assembly
Slide 13: Strategic plan
Strategic plan Guided by five principles Programmatic Scalability Growth Unlock opportunities and business Prioritize clearly defined growth models which can be materially scaled programs that bring incremental and and are not constrained by geography, recurring value supply chain, customer segment
Slide 14: Financial overview
3 Financial overview
Slide 15: Financial highlights
Financial highlights Exceptional H1 financial performance Revenue surges 15% YoY with both businesses growing at double digits – Q2 revenue increases 29% vs Q2 2025 Strong margins Normalized EBITDA up 12% with disciplined control of cost base USD 6.3 billion contracted future revenue, equivalent to
Slide 16: Income statement highlights
Income statement highlights Financial extracts H1’26 H1’25 YoY Δ Revenue 260 226 15% 33 ▪ Revenue surge reflects double digit growth in Space Services (+15%) and Smart Solutions (+14%) Cost of revenue (43) (36) (18%) (7) Staff costs (66) (60) (9%) (5) ▪ Space Services revenue reflects start of opera
Slide 17: Normalized results
Normalized results Normalized Adjusted EBITDA Normalized Net Profit H1’26 H1’25 YoY Δ H1’26 H1’25 YoY Δ Adjusted EBITDA 116 110 6% 6 Net Profit 18 37 (51%) (19) One-off restructuring costs 0 2 nm (2) Total EBITDA adjustments 0 (6) nm 6 Al Yah 3 Insurance claim 0 (8) nm 8 Tax impact of adjustments (0
Slide 18: Financial performance - revenue
Financial performance - revenue +15% 260 ▪ Consolidated H1 revenue of USD 260 million up 15% vs prior 226 ▪ Record H1 revenue performance for Space Services, up 15% to USD 13% 225 million ▪ Space Services on track to deliver strongest ever annual revenue performance, reflecting full year benefit of
Slide 19: Financial performance – normalized EBITDA
Financial performance – normalized EBITDA +12% 116 104 ▪ Year-on-year normalized EBITDA of USD 116 million up 12% vs prior ▪ Space Services delivered robust normalized EBITDA, up 6% year-on-year and generating robust margin of 58% 124 131 ▪ Smart Solutions delivered improved normalized EBITDA, break
Slide 20: Contracted future revenues
Contracted future revenues USD 6.3 billion of revenue backlog provides visibility and security over future cash flow 6,463 4,787 6,338 4,779 387 9 362 404 25 6,280 377 6,115 447 27 of which: AY 4&5: USD 5.1 billion T4: USD 0.7 billion 387 312 60 211 222 183 101 2026 2027 2028 2029 2030 & beyond Cumu
Slide 21: Cash bridge
Cash bridge Al Yah 4 and Al Yah 5 ECA drawdown drives higher cash position 1,151 995 46 212 (102) ▪ Strong operating cash flow ▪ Mainly comprises Al Yah ▪ Al Yah 4 and Al Yah 5 ECA net driven by both businesses 4 and Al Yah 5 CapEx drawdown (USD 298 million) (USD 93 million) ▪ Partially offset by re
Slide 22: Strong balance sheet
Strong balance sheet Balance sheet extracts H1’26 FY’25 FY YoY Δ Fixed Assets (Satellites, ground systems/infrastructure, land and buildings, incl. 888 871 2% 17 ▪ Strong and stable balance sheet capital work in progress) Capital work in progress (CWIP incl. T4, Al Yah ▪ Stable CWIP reflects increas
Slide 23: Q&A
4 Q&A
Slide 24: Appendix
5 Appendix
Slide 25: Alternative performance measures
Alternative performance measures Space42 uses alternative performance measures which are relevant to enhance understanding of financial performance and financial position of Group. These measures may not be comparable to similar measures used by other companies; they are neither measurements under I
Slide 26: Disclaimer
Disclaimer Information contained in this presentation represents a summary of consolidated financial results for the three months ended 30 June 2026 (H1 2026 Financial Statements) of Space42 PLC and its subsidiaries (Space42). This presentation does not purport to contain all information that you ma
Slide 27: Copyright notice
Copyright © 2026 Space42 PLC (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.