Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (February 2026)
25 slides from Gilat Satellite Networks's investor presentation, February 2026
Slide 1: Leading the Multi-Orbit Revolution
Leading the Multi-Orbit Revolution Investor Presentation February 2026 Gilat Proprietary and Confidential
Slide 2: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify
Slide 3: We are Gilat
We are Gilat Bringing Boundless Communication Defense Aero/IFC Innovative Ground Government Cellular Backhaul Equipment 2G 3G 4G 5G Enterprise Land ~1,200 1987 GILT Digital Inclusion Maritime Employees Founded NASDAQ/TASE 15 7 2 Telecom, Infrastructure LEO Gateway & Services Sales Offices R&D Center
Slide 4: Gilat Business Segments
Gilat Business Segments Gilat Defense Gilat Commercial Gilat Peru • Secure, rapid-deployment • Advanced broadband satellite • Terrestrial & satellite solutions for military communication networks and telecommunication service organizations, government solutions. provider. agencies, and defense • Ser
Slide 5: Proven Excellence in Commercial and Defense Applications
Proven Excellence in Commercial and Defense Applications Satellite Operators Service Providers & MNO’s 100+ Countries 300+ Customers 100s of Networks System Integrators Government and Defense Gilat Proprietary and Confidential 5
Slide 6: Value Chain
Value Chain Gilat is the Market Leading Ground Equipment Manufacturer Satellite Manufacturer Satellite Operator Ground Equipment Service Provider End Users Gilat Proprietary and Confidential 6
Slide 7: Uniquely Positioned to Unlock Growth Opportunities
Uniquely Positioned to A Growing Multi-Billion Unlock Growth Opportunities Dollar Equipment Market Total Addressable Market ($M) VHTS & NGSO Abundance of Capacity LEO is set to transform satellite 6,585 connectivity, a pivotal moment poised 5,951 5,919 for breakthrough growth. 4,988 2,345 4,424 2,08
Slide 8: Abundance of Capacity
Abundance of Capacity Large Capital Spending Continues in the Satellite Industry >$20B a year GEO Altitude: 35,786 km | Latency: ~550ms HTS/VHTS MEO Altitude: 2,000-10,000 km | Latency: ~120ms SES/mPOWER SES/mPOWER LEO Altitude: 500-2,000 km | Latency: ~15ms IRIS2 Starlink Telesat OneWeb Amazon Risi
Slide 9: Gilat's SkyEdge IV
Gilat's SkyEdge IV World’s First Multi-Orbit Platform Land Mobility Broadband Enables higher capacity, availability and throughput Aviation with the lowest cost per bit Provides the most advanced features to meet the demands of today’s SATCOM users Defense IoT Specifically crafted for a seamless evo
Slide 10: Gilat Commercial Markets
Gilat Commercial Markets Addressable Market Equipment Revenues (USD Millions) 2,500 IFC Maritime Digital Inclusion 2,000 Commercial Aviation Commercial Vessels Rural Connectivity Business Aviation Education 1,500 Agriculture 1,000 500 - Enterprise Cellular Backhaul Gateway 2025 2026 2027 2028 2029 2
Slide 11: In-Flight Connectivity
In-Flight Connectivity Over 4000 Aircraft Deployed with Gilat Solutions Broad IFC Solutions (line-fit & retrofit) Aero Antennas 400 Mbps Modem Expanding Fleets Commercial Business Transceivers ~23,900 ~27,500 Aircraft (2033) Aircraft (2033) CAGR 9% CAGR 19% Ground ~9,600 ~5,700 (2024) (2024) Equipme
Slide 12: ESA for Aviation Taking Center Stage
ESA for Aviation Taking Center Stage • Swift adoption by the aviation sector Number of installed ESA Terminals • ~2000 new units deployed annually 16,000 14,000 • LEO and Multi Orbit as the main catalysts 12,000 • The US DoD is a driving force, with substantial 10,000 development programs 8,000 6,00
Slide 13: Defense Landscape
Defense Landscape Gilat Proprietary and Confidential 13
Slide 14: Space Defense Spending is Soaring
Space Defense Spending Key Countries Expenditures is Soaring $38,932 M $8,835 M $2,586 M $1,329 M 1 Growing Geopolitical Tensions USA $685.7 M China $660.1 M Russia $660 M France $516 M 2 Space is Becoming Increasingly Important Japan UK EU $329 M Germany $140 M $491 M $432 M 3 Rapid Technology Adva
Slide 15: Gilat Defense Markets
Gilat Defense Markets Delivering Mission Success Anywhere on Land, Sea and Air Addressable Market Equipment revenues (USD Millions) 4,500 4,000 3,500 Land Air Sea 3,000 2,500 • Manpack • Intelligence, Surveillance, • Manned vessels 2,000 • Portable / Transportable Reconnaissance (ISR) • Unmanned ves
Slide 16: Gilat Defense - Unified Solutions Under One Roof
Gilat Defense - Unified Solutions Under One Roof Space Segment Airborne Terminals UAV Terminals Manpacks Hubs On-The-Move Terminals Deployable Terminals for Command Posts & Field HQ Maritime Gilat Proprietary and Confidential 16
Slide 17: Gilat Delivers Internet to Millions of People in Peru
Gilat Peru Satellite & Terrestrial Telecommunication Service Provider and Integrator for social inclusion, Commercial & Government Amazonas Shifting Operations to Recurring Revenue Model Gilat Delivers Internet to Millions of People in Peru Lima Huancavelica Cusco Ica Apurimac One of the Largest Pri
Slide 18: Financial Highlights
Financial Highlights Gilat Proprietary and Confidential 18
Slide 19: Q4 2025 Profit and Loss Highlights
Q4 2025 Profit and Loss Highlights US$ Millions Q4/25 Q3/25 Q2/25 Q1/25 Q4/24 GAAP Revenue 137.0 117.7 105.0 92.0 78.1 Operating Expenses 25.3 27.2 26.2 31.1 18.3 Operating Income (loss) 13.0 7.5 5.7 (2.7) 12.8 Net Income (loss) 8.8 8.1 9.8 (6.0) 11.8 Non-GAAP Gross Margin 31% 32% 33% 32% 40% Adj. E
Slide 20: FY 2025 Profit and Loss Highlights
FY 2025 Profit and Loss Highlights FY 2025 FY 2024 GAAP Revenue 451.7 305.4 Operating Expenses 109.9 85.6 Operating Income 23.4 27.7 Net Income 20.7 24.8 Non-GAAP Gross Margin 32% 38% Adj. EBITDA 53.2 42.2 Operating Expenses 100.5 85.1 Operating Income 42.5 31.9 Net Income 39.0 28.2 Gilat Proprietar
Slide 21: Strong Balance Sheet
Strong Balance Sheet US$ Millions Q4/25 Q3/25 Q4/24 Net Cash 1 183.4 95.6 118.2 DSO 2 88 68 73 Cash From Operations (6.3) 28.4 16.3 Equity 500 391 304 • Dec 2025 - $100M Capital raised from leading Israeli institutional investors • Sep 2025 - $66M Capital raised from leading Israeli institutional in
Slide 22: Executing Profitable Growth Strategy
Executing Profitable Growth Strategy 2026 Market Guidance (US$ Millions) Revenue Ajusted EBITDA 61-66 500-520 451.7 53.2 2025 2026 Guidance 2025 2026 Guidance $500M - $520M $61M - $66M 13% YoY Growth1 19% YoY Growth1 2026 Revenue and EBITDA Outlook Driven by strong YTD performance, robust backlog, a
Slide 23: 2026 Guidance - Revenue by Segment
2026 Guidance - Revenue by Segment (US$ Millions) Commercial Defense Peru 315-335 115-130 69.9 281.4 60-65 100.4 2025 2026 Guidance 2025 2026 Guidance 2025 2026 Guidance $315M - $335M $115M - $130M $60M - $65M 1) At the midpoint Gilat Proprietary and Confidential 23
Slide 24: Summary
Summary Uniquely Positioned to Unlock Growth Opportunities VHTS and NGSO Opening New Markets SkyEdge IV is a leading VHTS and NGSO Platform Leading in Main Growth Areas IFC with modems & ESA Focused on Military SATCOM Networks Positioned to accelerate Revenue Growth Gilat Proprietary and Confidentia
Slide 25: Thank You
Thank You Gilat
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