• Read more about FULL YEAR 2024-25 RESULTS

• All Full Year 2024-25 Financial Objectives attained
• Operating verticals revenues of €1,226m, up 0.8%
• Stable Adjusted EBITDA, giving a margin of 54.4%²
• LEO revenues grow by over 80%, represent c.15% of Group total
• Positive traction in Government Services
• Core shareholders to support €1.5bn capital raise to reinforce financial structure and fund strategic ambitions

Paris, 5 August 2025 – The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), chaired by Dominique D’Hinnin, reviewed the financial results for the year ended 30 June 2025.

Total revenues for FY 2024-25 stood at €1,244 million, up by 2.5% on a reported basis and by 1.6% like-for-like. Revenues of the four Operating Verticals (excluding ‘Other Revenues’) stood at €1,226 million, up by 0.8% on a like-for-like basis.

LEO revenues amounted to €187 million, up 84.1%², driven by strong demand momentum. They represent c.15% of revenues.

Adjusted EBITDA stood at €676.2 million on 30 June 2025 stable on a like for like basis. The Adjusted EBITDA margin stood at 54.2% at constant currency (54.4% reported).

This was in line with our financial projections of Operating Vertical Revenues around the same level, and an adjusted EBITDA margin slightly below the level of the previous year.

Jean-François Fallacher, Chief Executive Officer of Eutelsat Communications commented: “FY 2024-25 results were in line with our objectives, and the year was marked by genuine traction in our LEO revenues, which grew by over 80% and now represent 15% of revenues. I am excited to take the helm of Eutelsat as it enters a new chapter, centred on the deployment of LEO, a revolution for the Satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is positioned to be a key player in the development of the European sovereign space of tomorrow and beyond, as showcased by the framework agreement with the French military. Finally, the recently announced €1.5 billion capital increase will give Eutelsat the requisite financing to implement its strategic roadmap, enabling us to deliver growth and value for all our stakeholders.”

Full results available here

FY 2024-25 objectives at constant rate and perimeter: i) Revenues of the four operating verticals around the same level as FY 2023-24; Adjusted EBITDA margin slightly below the level of FY 2023-24

Like-for-like change.

The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), chaired by Dominique D’Hinnin, reviewed the financial results for the year ended 30 June 2025.

• Read more about Eric Labaye appointed as Chairman of Eutelsat

Paris, 04 August 2025 – The Board of Directors of Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) approved the co-optation of Eric Labaye as a Board member and his appointment as Chairman of Eutelsat Communications and Eutelsat SA on the occasion of the Board Meeting of 4^th August 2025. He succeeds Dominique D’Hinninwho had announced his decision not to seek the renewal of his mandate on February 14^th, 2025. Eric Labaye’s appointment is effective on 4^th August 2025.

At the same time, the Board of Directors approved other changes to the composition of the Board, notably the resignation of Michel Combes, effective 3^rdAugust 2025, and the co-optation of Lucia Sinapi-Thomas as an independent Board member. The Board also acknowledged the appointment of Guillemette Kreis (Agence des Participations de l’Etat - APE) as the representative of the French State.

Following these changes, Eutelsat Communications’ Board of Directors will be composed of 10 members, of which 6 Independent Directors. It will include five women, equating to a representation of 50%.

The above changes take effect immediately. The incoming Chairman, Eric Labaye, will hold office until the next Shareholders General Meeting, where his appointment will be proposed for a full term.

Sunil Bharti Mittal, Vice-President and Co-Chair of the Board, said: “I want to thank Dominique D’Hinnin for his exemplary leadership of Eutelsat over the past eight years. Dominique oversaw the merger of Eutelsat and OneWeb that created Eutelsat Group as the first combined GEO/LEO satellite constellation, and ensured there is a European player at the forefront of satellite connectivity globally, including with the Iris² project.

He added: “I welcome the appointment of Eric Labaye as Chairman of Eutelsat Group to preside over the company in its next stage. Eric Labaye is a leader with immense experience that will be invaluable to Eutelsat in the years ahead. I look forward to working with Eric, Lucia and Guillemette and the full board to shape the future of Eutelsat.”

Dominique D’Hinnin said: “Eutelsat Group is now well positioned to provide its customers with a superior satellite-based connectivity service on a worldwide basis. I want to thank all the Eutelsat and OneWeb employees and the management team for their outstanding work, in a challenging competitive environment; their dedication and skills are the main basis for the future success of the Eutelsat Group.”

Jean-François Fallacher said: “I extend my warmest thanks to Dominique D’Hinnin for his support as part my joining Eutelsat. Dominique has successfully presided over a major step-change in Eutelsat’s strategic journey, notably its telecom pivot, which positions Eutelsat as a unique player thanks to our unmatched portfolio of GEO and LEO solutions.”

He added: “I am delighted Dominique is passing the baton to Eric Labaye, a seasoned strategy and tech expert, and I look forward to working with Eric to take Eutelsat to the next level.”

Eric Labaye said: “I’m honoured and enthusiastic to join Eutelsat for a new chapter in its development and I want to thank the board members for their trust. I would like to pay tribute to Dominique D’Hinnin for his critical leadership in the strategic evolutions of the company. Eutelsat has outstanding fundamentals and unique assets to succeed in the innovative and fast-changing satellite connectivity sector. I look forward to working with the board, Jean-François Fallacher and the executive team of Eutelsat to fulfill the company mission. “

Éric Labaye has worked for over 30 years for international clients in the telecommunications, high-tech and industrial sectors, as well as governments and public institutions on a variety of strategic and operational issues. He is the president and co-founder of IDEL Partners, an advisory firm focusing on major development and transformation topics. He is also the chairman of the supervisory board of Ekimetrics, a leading AI solutions company, senior advisor at Antin Infrastructure Partners, independent member of the board of Rexel and was appointed in April 2024 Chairman of the Supervisory Committee of Investments for the Future in France. From 2018 to 2023, he was the Chairman and President of École Polytechnique, the elite French engineering school and of Institut Polytechnique de Paris, a top 40 global institution, of which he led the creation in 2019. Previously, Éric Labaye was a Senior Partner at McKinsey & Company, where he was Managing Director of the French office (2002-2010), led the firm’s Global Knowledge and Communication Function as a member of the Global Executive Committee (2010-2013), chaired the McKinsey Global Institute (MGI), the firm's business and economics research arm (2010-2016) and was a member of the Firm’s board for 9 years. A French national, Éric Labaye is a graduate of École Polytechnique and Télécom Paris and holds an MBA from INSEAD with distinction (Henry Ford II Prize).

Lucia Sinapi-Thomas began her career in 1986 as a corporate lawyer and in tax law, before joining Capgemini in 1992. She has over 20 years' experience within the Capgemini group, in roles including Group Tax Director, Head of Corporate Finance, Treasury and Investor Relations, Risk Management and Insurance. She was Deputy CFO from 2013 to 2015 and took up the position of Executive Director Business Platforms in 2016. Since 2019, Lucia Sinapi-Thomas has been Executive Director of Capgemini Ventures. Board positions include Capgemini SE, Dassault Aviation, where she is a member of the Audit Committee, and Bureau Veritas where she was a member of the Audit and Risk Committee until May 2019, and has since been. A French national, Lucia Sinapi-Thomas is a graduate of ESSEC business school holds a master’s degree in law from Paris II - Panthéon Assas was admitted to the Paris Bar as a lawyer in 1989.

Guillemette Kreis is the Director of Shareholdings for Services and Finance at Agence des participations de l’État (APE), part of France Ministry for the Economy, Finance and Industrial and Digital Sovereignty. Prior to that, she held various roles in the French public sector and the international media industry. She began her career at the Ministry of Culture and Communication and the Prime Minister’s Office in Paris, working on public broadcasting and media policy. From 2008 to 2017, she was based in London, where she worked for Fremantle (Bertelsmann), ITV plc, and All3Media Group in roles focused on strategy, mergers and acquisitions, and corporate development. At All3Media, she served as Executive Vice-President for Corporate Development, overseeing international strategy, investments, acquisitions, and shareholder relations. A French National, Guillemette Kreis is a graduate of Université Paris I – Sorbonne – master’s in economics and HEC, Paris - Master of Science in Management

The Board of Directors of Eutelsat approved the co-optation of Eric Labaye as a Board member and his appointment as Chairman of Eutelsat Communications and Eutelsat SA on the occasion of the Board Meeting of 4th August 2025.

• Read more about The United Kingdom to participate in contemplated capital increase announced by Eutelsat on June 19, 2025, taking the total amount to €1.5 billion

Paris, 10 July 2025, Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces that The United Kingdom is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion, further underpinning the execution of Eutelsat’s long-term strategic vision.

His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom, has joined The French State via the APE (Agence des Participations de l’Etat), Bharti Space Limited, CMA CGM, and FSP (together the “Reserved Capital Increase Investors”) in a commitment to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata its shareholding post the Reserved Capital Increase, for a total amount invested of €163.3 million.

The commitments of the Reserved Capital Increase investors remain subject to, inter alia, shareholders’ approvals at an Extraordinary Shareholders’ Meeting to be held around the end of the third quarter of calendar 2025, customary regulatory approvals, as well as the execution, under mutually acceptable conditions, of an amended, non-concerting shareholders’ agreement reflecting the ownership structure post Reserved Capital Increase. Subject to the above, the Reserved Capital Increase Investors have also committed to vote in favour of the transaction at the extraordinary shareholders’ meeting (which would implement the governancechanges in connection with the Reserved Capital Increase and during which the Company will also request new authorisations for the Rights Issue) and to maintain their share ownership until the launch of the Rights Issue.

The Reserved Capital Increase would amount to €828 million, to be subscribed by the French State via APE for €551 million, Bharti Space Limited for €30 million, His Majesty’s Government for €90 million, CMA CGM for €100 million, and FSP for €57 million. The subsequent Rights Issue would amount to €672 million.

The Reserved Capital Increase and the Rights Issue are expected to be completed by the end of calendar 2025.

Following the two transactions, and subject to participation from investors, the French State would hold a stake of 29.65% of the capital and voting rights, while Bharti Space Limited, His Majesty’s Government, CMA CGM and FSP would respectively hold 17.88%, 10.89%, 7.46%, and 4.99% of the share capital and voting rights, being specified that the Reserved Capital Increase Investors would not be in a position to launch a public takeover.

Jean-François Fallacher, Chief Executive Office of Eutelsat, stated: “We are delighted by this support from His Majesty’s Government, which has been one of the mainstays of OneWeb, and subsequently Eutelsat’s anchor shareholders from the outset of our Low Earth Orbit journey. In the current environment it is crucial that our countries continue to collaborate and support each other, including in Space, which has become a key sovereign strategic asset. We remain committed to the UK which we consider as one of our home markets and to supporting the development of OneWeb to address the needs of all our sovereign and commercial stakeholders.”

The Rt Hon Peter Kyle, Secretary of State for Science, Innovation and Technology added: “From checking the weather forecast on our phones to navigating with GPS in our cars, satellites underpin industrial activity worth £364 billion to the UK economy. But their critical role extends far beyond economic growth. As our adversaries increasingly use space technologies to harm us, resilient satellite connectivity has become essential to our continent’s national security. This investment reflects our commitment to support the development of these critical technologies and maintain an important stake in the global satellite communications sector.”

Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces that The United Kingdom[1] is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion ...

• Read more about Contemplated capital increase of € 1.35 billion, to secure the execution of Eutelsat long-term strategic vision, anchored by the French State and other reference shareholders

Paris, 19 June 2025, Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces a Contemplated capital increase of € 1.35 billion, anchored by key reference shareholders, to secure the execution of long-term strategic vision.

Strong market momentum in the LEO-enabled connectivity market with significant long-term value creation potential

Eutelsat is one of only two global operators with active commercial LEO (Low Earth Orbit) fleets and with a clear differentiation, being the only one exclusively focused on the B2B and B2G markets. While the global satellite connectivity market is expected to increase by 12% per annum between 2025 and 2029, the global LEO B2B connectivity market, valued at over $2.1 billion in 2025, is expected to grow at a 28% CAGR through 2029 and multiply its current size fivefold over the next eight years, offering significant short to long-term growth potential.

The LEO revolution, both technological and industrial, has brought satellite communications into a new era, delivering affordable and ubiquitous connectivity at scale, with unprecedented customer experience for satcoms. This unlocks a huge market potential, from bridging the digital divide across all customer segments on a global basis, to unlocking numerous new use cases, such as mobility over land, sea and air. Barriers to entry into LEO – in particular access to, and the requirement to share spectrum secured by Eutelsat - mean only a limited number of players will participate in the massive growth ahead, creating compelling conditions for value creation.

Eutelsat, the only GEO-LEO operator, and the only European operator with a fully operational LEO network, uniquely positioned to capture the momentum in the connectivity market

Eutelsat is uniquely positioned to capture this market opportunity, thanks to its legacy, fully-invested high cash-flow generating GEO business, its operational scale, commercial momentum, and targeted focus on professional and institutional use cases. Since its acquisition of OneWeb, it has expanded its coverage – now expected to be fully achieved in calendar year-end 2026, secured regulatory approvals in many addressable markets, developed its distribution network and improved its offer with consistent service levels, as evidenced by a backlog of €3.7bn revenues, mostly coming from Connectivity. Going forward, Eutelsat leadership will build upon its operations improvements (e.g. hosted payloads, additional deployment of Satellite Network Portals) a differentiated go-to-market model (focused on B2B/B2G), a resilient GEO-LEO offering, and a strong European anchoring. Its priority spectrum rights grant Eutelsat a unique benefit in the exploitation of spectrum resources and coordination with other LEO players.

As the only European operator with a fully operational LEO network, Eutelsat is positioned to play a strategic role in supporting critical sectors such as military communications, cyber-resilience, and secure government connectivity, fully aligned with European Union and NATO objectives for strategic autonomy. The landmark 10-year framework agreement announced earlier this week with France’s Ministry of the Armed Forces, aimed at strengthening the integration of civilian and military assets (Nexus program), for a maximum amount of €1 billion, illustrates the strategic role of the LEO constellation in France’s model for sovereign defense and space communications.

Moreover, with its role as the largest private investor in the European Union’s IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) program, the public-private partnership aiming to build a multi-orbit constellation delivering secure communication services to the EU and its Member States, Eutelsat confirms its status as a central player in assuring Europe’s space and connectivity sovereignty.

€1.35 billion equity capital increase to be executed by year-end to fulfill strategic plan and longer-term ambitions

Eutelsat is contemplating raising €1.35 billion of capital by way of (i) a reserved capital increase of €716 million at a price per share of €4 corresponding to a +32% premium to the 30-day-VWAP of the shares as computed on Euronext Paris (the “Reserved Capital Increase”), which would be subscribed by the French State via the Agence des Participations de l’Etat (“APE”), Bharti Space Limited, CMA CGM, and Le Fonds Stratégique de Participations (“FSP”), and (ii) a rights issue of €634 million (the “Rights Issue”), which would be subscribed for their rights by the above investors.

Prior to the approval of the Reserved Capital Increase by Eutelsat’s shareholders, the APE will acquire the shares of the Company currently held by Bpifrance Participations, at a price per share equal to the subscription price of the Reserved Capital Increase. Consequently, the Board member representing Bpifrance Participations would be replaced by a representative of the French State.

This capital increase would represent a pivotal step in Eutelsat’s strategic and financing roadmap, enabling the execution of its strategic vision. Coupled with a dedicated debt refinancing plan, this capital increase will reinforce the Company’s financial flexibility by accelerating its deleveraging and support investment in its existing Low Earth Orbit (LEO) capabilities and the future IRIS² constellation. On the back of the forthcoming capital increase, Eutelsat would reduce its leverage to c. 2.5x by year-end FY’2025-26, and would be well placed to tap debt capital markets, raise export credit financing and extend its bank debt maturities in order to fully cover the financing needs of its medium-term plan.

The French State via the APE, Bharti Space Limited, CMA CGM, and FSP (together the “Reserved Capital Increase Investors”) have entered into commitments to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata their shareholding post the Reserved Capital Increase. Such commitments are subject to, inter alia, shareholders’ approvals at an Extraordinary Shareholders’ Meeting to be held around the end of the third quarter of calendar 2025, customary regulatory approvals, as well as the execution, under mutually acceptable conditions, of an amended, non-concerting shareholders’ agreement reflecting the ownership structure post Reserved Capital Increase. The capital increase has been unanimously approved by the Eutelsat Board members present or represented. Subject to the above, the Reserved Capital Increase Investors have also committed to vote in favor of the transaction at the extraordinary shareholders’ meeting (which would implement the governancechanges in connection with the Reserved Capital Increase and during which the Company will also request new authorisations for the Rights Issue) and to maintain their share ownership until the launch of the Rights Issue.

The Reserved Capital Increase and the Rights Issue are expected to be completed by the end of calendar 2025 at the latest.

The Reserved Capital Increase would be subscribed by the French State via APE for €526.4 million, Bharti Space Limited for €31.4 million, CMA CGM for €100.4 million, and FSP for €57.8 million.

Discussions are ongoing with other interested investors, including His Majesty’s Government, which could join the capital raise in due course.

Following the two transactions, and subject to participation from investors, the French State would hold a stake of 29.99% of the capital and voting rights, while Bharti Space Limited, CMA CGM and FSP would respectively hold 18.70%, 7.81% and 5.22% of the share capital and voting rights, being specified that the Reserved Capital Increase Investors would not be in a position to launch a public takeover.

Financial outlook: solid growth and an industry-leading margin

Eutelsat demonstrates some of the most attractive growth and profitability prospects in the sector, with revenue expected to range between €1.5 and €1.7 billion by the end of FY’2028–29, supported by the strong momentum of LEO revenues, which are significantly outperforming the market. Operating leverage is expected to drive mid-to-high-single-digit percentage point improvements in EBITDA margin, resulting in a margin of at least 60% by FY’2028-29. In the longer-term (post FY’2028-29), B2B connectivity market is expected to pursue its growth at a double-digit rate, mostly driven by LEO market expansion.

For FY’2025-26^, Eutelsat targets revenues in line with, and an adjusted EBITDA margin slightly below, those of FY’2024-25, notably due to the impact of Russian sanctions in the Video Business. Benefitting from commercial momentum, LEO revenues are expected to grow by 50% year-on-year.

Eutelsat confirms its objectives for FY’2024-25, to be published on 5th August, of Operating Vertical Revenues around the same level as FY’2023-24 and an adjusted EBITDA margin slightly below the level of FY’2023-24. Gross capital expenditure is expected in a range of €500-600 million.

Gross capital expenditures are expected to reach approximately €1.0 to €1.1 billion in fiscal year 2025–26, reflecting the timing of key milestones— including the order of an initial batch of 100 additional satellites starting in December 2024, as well as the procurement of 340 more satellites for the current LEO constellation. From 2025–26 onwards, gross capex will be focused on LEO activities, in line with the Group’s strategic vision, primarily for the Gen-1 follow-on program (with a total envelope of €2 billion between 2024–25 and 2028–29). Gross capex will also be deployed for GEO operations to ensure service continuity.

Lastly, a gross capital expenditure envelope of around €2 billion will be allocated to the deployment of IRIS², for the essential starting from 2027–28 onwards.

The abovementioned capital increases would secure Eutelsat’s deleveraging path, with Net Debt/EBITDA estimated at c.2.5x by year-end FY’2025-26, ensuring a robust and self-funded financing structure.

Jean-François Fallacher, CEO of Eutelsat Group, stated: “Eutelsat enters a new chapter, centered on the deployment of LEO, a major innovative and technological revolution for the Satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is ready to become a central player in the development of the European sovereign space of tomorrow. I welcome the contemplated capital increase which will give Eutelsat the requisite financing to implement its strategic roadmap. I am grateful for the support of the French State and the ongoing commitment of our other anchor shareholders – Bharti, CMA CGM and FSP and thank them for their confidence.”

Eric Lombard, Minister for the Economy, Finance and Industrial and Digital Sovereignty, stated: “The French State is proud to contribute to strengthening Eutelsat’s capital structure and support the company at pivotal stage of its development. This transaction reflects our strong commitment towards a major player in satellite connectivity — a strategic sector at the heart of Europe’s digital sovereignty — while fostering remarkable potential for technological innovation and sustainable economic growth.

Through this transaction, France reaffirms its determination to build, together with the company and its European partners, a competitive, resilient, and sovereign space industry, particularly around the IRIS² program, which is a key pillar of our strategic autonomy.

We are convinced that the company’s solid fundamentals — its recognized expertise in geostationary orbit, its innovative solutions in low Earth orbit, its committed team, and its ambitious vision — are the foundations for lasting success. Eutelsat is opening a new chapter in its history, and the State will be fully present to help write it alongside the company.”

+++ENDS+++

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE EU MARKET ABUSE REGULATION 596/2014, AS AMENDED AND THE UK MARKET ABUSE REGULATION.

Note: Goldman Sachs Bank Europe SE, Ravel & Co. and Rothschild & Co. are acting for Eutelsat in connection with the transaction. Bredin Prat and Linklaters are acting as legal counsels to Eutelsat.

• Read more about Eutelsat saddened to announce passing of former Chairman and CEO, Giuliano Berretta

An engineer by training, a graduate of the University of Padua, a passionate visionary and tireless builder, Giuliano Berretta played a key role in Eutelsat’s history. He joined the company in 1990 as Commercial Director, became CEO in 1998, and Chairman of the Management Board in 2001.

He was instrumental in transforming Eutelsat, leading the company’s privatization and stock market listing in 2005, thereby consolidating its position as a global leader in satellite telecommunications. Under his leadership, Eutelsat successfully combined technical excellence, innovation, and international expansion, including the development of the EUTELSAT HOTBIRD orbital position at 13° East and the launch of the pioneering KA-SAT satellite for broadband services in Europe.

During his years at the helm of Eutelsat, Giuliano Berretta was a staunch advocate for European cooperation and the growth of the space sector. An honorary Doctor of Science in Management from the University of Bologna and honorary professor in Lima, he was passionate about technological advances and inspired by the visionary work of Arthur C. Clarke. Throughout his career, he contributed significantly to shaping the future of satellite communications.

Knight of the Legion of Honour in 2005 and Cavaliere del Lavoro in Italy in 2006, Giuliano Berretta leaves behind the legacy of a bold and respected leader.

Eva Berneke, Chief Executive Officer of Eutelsat, stated:
“ Giuliano Berretta not only left a mark on Eutelsat’s history but also on the entire European space industry. His vision, his sense of innovation, and his commitment to cooperation have profoundly shaped our company. He will always be remembered as a model of leadership and passion for space. Our thoughts are with his family and loved ones. »

Eutelsat extends its deepest condolences to his family, friends, and all who had the privilege of working alongside him.

An engineer by training, a graduate of the University of Padua, a passionate visionary and tireless builder, Giuliano Berretta played a key role in Eutelsat’s history. He joined the company in 1990 as Commercial Director, became CEO in 1998, and Chairman of the Management Board in 2001.

• Read more about THIRD QUARTER AND NINE-MONTH 2024-25 REVENUES

• Third Quarter Operating Verticals revenues of €300.6m, down 2.2% year‑on-year
• Nine Month Operating Verticals revenues up 1.8%¹ year-on-year
• Double digit growth¹ in Connectivity, driven by LEO-enabled solutions
• All Full Year 2024-25 financial objectives confirmed

Paris, 15 May 2025 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2025.

Christophe Caudrelier, Chief Financial Officer of Eutelsat said: “Third Quarter and Nine Month 2024-25 revenues were in line with our expectations and enable us to confirm our financial outlook for the Full Year. Double-digit growth in our Connectivity business unit was once again driven by LEO‑enabled solutions, as we continue to address the growing demand for our low orbit capacity.”

Total revenues for the Third Quarter stood at €300.0 million, at the same level as a year earlier on a reported basis, and down by 1.9% like-for-like.

Revenues of the four Operating Verticals (i.e., excluding ‘Other Revenues’) stood at €300.6 million. They were down 2.2% on a like-for-like basis. Quarter‑on‑quarter, revenues of the four Operating Verticals were down 3.1% like-for-like.

Note: Unless otherwise stated, all variations indicated hereunder are on a like-for-like basis, ie, at constant currency and perimeter.

Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2025.

• Read more about Eutelsat announces the appointment of its new Chief Executive Officer

As Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange) moves into the next phase after the integration with OneWeb and fully aligned with an IRIS² future, Eutelsat announces the appointment of Jean-François Fallacher as its new CEO. The appointment was decided at a Board Meeting held on May 4^th, 2025, upon the recommendation of the Nomination and Governance Committee, and will be effective on June 1^st, 2025. This appointment comes as a natural change that fully aligns Eutelsat to the telecom ecosystem.

A seasoned telecoms professional, Jean-François Fallacher joins Eutelsat following a lengthy career at Orange where he was latterly Executive Vice President and Chief Executive Officer of Orange France. Prior to that, he led Orange’s operations in various countries including Spain, Romania and Poland. Before his career at Orange, Jean-François Fallacher held several roles in R&D, sales and operations, including Chief Operating Officer of Wanadoo in the Netherlands and Chief Executive Officer of Sofrecom, a consulting company specializing in the telecoms sector. A French national, Jean-François Fallacher is a graduate of the Ecole Polytechnique and Ecole Nationale Supérieure des Télécommunications in Paris.

Jean-François Fallacher succeeds Eva Berneke, who has steered the company since January 2022, presiding over some of its most significant strategic and operational achievements. These include the merger with and integration of OneWeb in 2023 to create the world’s only LEO / GEO satellite operator, its appointment as one of the core players in the planned EU IRIS² multi-orbit constellation, and the pioneering disposal of its passive ground segment, the first operation of its type among satellite operators.

Dominique D’Hinnin, Chairman of the Board of Directors of Eutelsat commented: “On behalf of myself, Vice-Chairman Sunil Bharti Mittal, and the other members of the Board, I warmly thank Eva Berneke for her dynamic and committed leadership through these significant milestones in Eutelsat’s development and for delivering on our telecoms pivot strategy, in a period that has seen significantly increased competitive and geopolitical pressure.

"I am delighted to welcome Jean-François Fallacher as he picks up the baton from Eva. With his proven track record of success and wealth of experience and expertise, I am convinced he is the right leader to take Eutelsat forward and successfully steward the company through the opportunities and challenges which will undoubtedly present themselves in the coming years.”

Jean-François Fallacher said: “I am excited to be joining Eutelsat at such a pivotal moment in its history. Technology is evolving faster than ever, and in today’s increasingly complex geopolitical context, satellite networks have become a key element in the Connectivity landscape. I am convinced Eutelsat has the fundamentals to be a winner in this environment, and I look forward to building on Eva’s foundations, and working with its talented teams to ensure we achieve our goals.”

Eutelsat will release its Third Quarter 2024-25 Revenues after market close on 15th May 2025. Ahead of this publication, Eutelsat confirms that the performance for the quarter is expected to be in line with its expectations and confirms its FY 2024-25 objectives of Revenues of the four operating verticals around the same level as FY 2023-24 and an Adjusted EBITDAmargin for the year slightly below the level of FY 2023-24.

Outlook based on comparison with FY 2023-24 proforma basis as if OneWeb had been consolidated on July 1st 2023. Group’s FY 2023-24 revenues stood at 1,221m€ on a proforma basis.

• Read more about SECOND QUARTER AND FIRST HALF 2024-25 RESULTS

Paris, 14 February 2025– The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), chaired by Dominique D’Hinnin, reviewed the financial results for the Half Year ended 31 December 2024.

Eva Berneke, Chief Executive Officer of Eutelsat Communications, said: “First Half revenues and profitability were in line with expectations, and enable us to confirm our objectives for the full year, while our gross capex landing is now expected at €500-600 million, a reduction of c. €200 million relative to previous estimates.

The past few months have seen the alignment of several factors paving the way for Eutelsat’s LEO build-out strategy: first, the exercise of the put option for the partial disposal of our passive ground activity, with proceeds due H1 calendar 2026 and second, confirmation of the European Union’s IRIS² multi-orbit constellation representing a key step in Eutelsat’s LEO strategy, which in turn defines the road map for the interim LEO constellation extension. We are actively working on a financing plan in line with our strategic road map and longer term leverage objective.”

Paris, 14 February 2025 – The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), chaired by Dominique D’Hinnin, reviewed the financial results for the Half Year ended 31 December 2024.

• Read more about Eutelsat announces changes to the composition of the Board of Directors

Paris, 14 February 2025 - Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces changes to the composition of its Board of Directors, aimed at fostering greater agility in decision-making in the fast-evolving Satellite industry. Accordingly, four sitting directors, Mia Brunell, Esther Gaide, Cynthia Gordon and Fleur Pellerin have resigned from the Board.

The entire Eutelsat Group Board warmly thanks Mia Brunell, Esther Gaide, Cynthia Gordon and Fleur Pellerin for their outstanding contribution to the Board duties and for their continuing support of the Group’s strategy.

Additionally, Michel Combes has been appointed by the Board, on the recommendation of the Nomination and Governance Committee, as an independent Board Member until the next Annual General Meeting, where he will be proposed for a full term.

Michel Combes is Chairman and CEO of MC Advisory. A telecommunications expert, he previously served as CFO of France Télécom (2002-06), and headed TDF (2006-08), Vodafone Group for Europe (2008-13), Alcatel-Lucent (2013-15) and Numericable-SFR (2015-17). In 2018, Michel Combes became CFO of US operator, Sprint, where he subsequently became CEO. In 2020, he joined Softbank Group International, which he led until 2022.

Following these changes, Eutelsat’s Board of Directors will be composed of 12 members, of which seven Independent Directors. It will include five women, equating to a representation of 42%.

Elsewhere, Dominique D’Hinnin has informed the Board of Directors of his wish to retire from the Chairmanship and Board of Eutelsat Group. The Nomination and Governance Committee has taken note of Dominique’s intention and will undertake due process prior to recommending a new Chairman to the Board of Directors.

As Eutelsat enters the next and exciting phase of satellite communications, this new, re-energized board will guide and support the management team in driving future performance.

+++ENDS+++

Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces changes to the composition of its Board of Directors, aimed at fostering greater agility in decision-making in the fast-evolving Satellite industry. Accordingly, four sitting directors, Mia Brunell, Esther Gaide, Cynthia Gordon and Fleur Pellerin have resigned from the Board.