Business
ZAWYA-PRESSR: Space42 reports full-year 2025 earnings and returns to quarterly growth
ZAWYA-PRESSR: Space42 reports full-year 2025 earnings and returns to quarterly growth
About this update from Space42 Plc
Space Services grows revenues by 6% year-on-year and records highest-ever normalized EBITDAStrategic execution lays foundation for long-term, sustainable growthAbu Dhabi, UAE: Space42, the UAE-based AI-powered SpaceTech company with global reach, today announced its consolidated financial results for the full year of 2025. The company is listed on the Abu Dhabi Securities Exchange under symbol SPACE42 (ISIN: AEE01122B228).In 2025, Space42 advanced its strategy-based transformation, delivering measurable progress across each of its four core strategic pillars while expanding its partnerships with leading global players. The business, comprising Space Services and Smart Solutions, showed accelerating momentum during the second half, with final quarter revenues increasing 7% compared to 2024, setting the stage for a return to growth in 2026.Space Services, accounting for more than three quarters of consolidated revenue, recorded one of its strongest ever performances, increasing revenue by 6% and posting its highest-ever normalized EBITDA and net profit. This was driven by the new USD 700 million, 15-year government contract, which started on July 1, following the successful launch of the Thuraya-4 satellite, as well as an exceptionally strong performance across the portfolio of managed solutions. Space Services recorded consecutive quarterly revenue growth throughout 2025, a trajectory that is set to continue in 2026, as new government and commercial applications are launched to complement Thuraya-4.Smart Solutions, accounting for less than one quarter of consolidated revenue, recorded revenue of USD 124 million, a decline of 39%, reflecting its ongoing strategic and operational transformation, as it refocuses on programmatic engagements aligned to its strategic capabilities of Earth Observation, geospatial analytics and AI.The company’s full year consolidated revenues of USD 577 million declined 8% year-on-year, reflecting the transition underway in Smart Solutions alongside continued investment in the company’s strategy-based transformation. Full year results include one-off impairment charges of USD 129 million relating to pre-merger Smart Solutions. Excluding one-off items, Space42 delivered a normalized EBITDA of USD 224 million, generating a margin of 39%.The company closed the year with approximately USD 1 billion in cash and short-term deposits and ...