Strategic execution and operational optimization lay foundation for sustainable growth
Space Services returns to growth following Thuraya-4 start of operations
Smart Solutions strategic and operational transformation underway
Abu Dhabi, UAE, November 6, 2025: Space42, the UAE-based AI-powered SpaceTech company with global reach, today announced consolidated financial results for the first nine months of 2025, reporting revenue of USD 363 million. The company is listed on the Abu Dhabi Securities Exchange under symbol SPACE42 (ISIN: AEE01122B228).
For the nine-month period the company's consolidated revenues declined by 15%, reflecting the on-going strategic and operational transformation of Smart Solutions, as it refocuses on programmatic engagements aligned to its strategic capabilities of Earth Observation, geospatial analytics and AI.
Space Services, the largest business unit, increased Q3 revenues by 11% vs the previous quarter, underpinned by a new USD 700 million, 15-year government contract, which started on 1 July, following the successful launch of Thuraya-4, as well as double-digit revenue growth in Managed Solutions. This momentum is expected to continue as new defense and commercial applications are launched. Strong operational optimization ensured that the company's consolidated margins remained robust.
The company closed the period with USD 755 million in cash and short-term deposits, contracted future revenues of USD 6.7 billion and a newly secured USD 696 million ECA-backed financing facility for the Al Yah 4 and Al Yah 5 satellite program. In October it received a further USD 300 million advance from the UAE government as part of the USD 5.1 billion, 17-year related contract, providing additional balance sheet capacity to execute its strategy.
Karim Sabbagh, Managing Director of Space42, commented: Since the formation of Space42 one year ago, we have laid the foundation for sustainable growth. We have strengthened our dual-use capabilities, optimized our cost base, and continue to transition the Smart Solution business to programmatic engagements aligned to our strategic capabilities of Earth observation, geospatial analytics and AI whilst retiring legacy non-aligned projects. The third quarter demonstrates our progress with both business units delivering quarter-on-quarter revenue growth whilst simultaneously advancing critical strategic initiatives such as the launch of Equatys for Direct-to-Device connectivity, with potential to significantly transform the company's growth trajectory.
Delivering Across Four Strategic Pillars and Sectorial Priority
Preferred Partner for Premium Geospatial Data
Continued deployment of the Foresight system following successful launch of Foresight-3, -4, and -5 satellites in November, developed in partnership with ICEYE, significantly enhancing Smart Solutions' programmatic dual-use capabilities. These satellites were fully integrated and tested in the Middle East's first dedicated commercial Synthetic Aperture Radar (SAR) satellite manufacturing facility, developed with support from the Abu Dhabi Investment Office (ADIO)
Signed an MoU with Microsoft and Esri in a five-year collaboration to deliver high-resolution base maps across 54 African countries, providing geospatial data to support infrastructure development and investment decisions whilst simultaneously expanding Smart Solutions' capabilities and positioning it well for future national geospatial programs
Global Leader in Geospatial Intelligence AI Platform and Services
Continued scaling and development of the GIQ platform, the digital backbone for AI-powered geospatial intelligence, in partnership with the UAE Space Agency. Following its successful launch on the Microsoft Azure marketplace, the AI-enhanced platform expands Smart Solutions' capabilities from project-based work to full commercialization and roll-out of industry specific solutions on a global scale
Development of leading AI-integrated capabilities, including advanced Command and Control systems, unmanned platforms and sensing technologies that can be deployed to strengthen national infrastructure
Global Non-Terrestrial Connectivity (NTN) Leader
Commencement of Thuraya-4 services from 1 July, one of the largest geostationary Mobile Satellite Services (MSS) platforms ever produced, underpinned by a USD 700 million 15-year Government contract and 16 new products which are in the course of being launched
Announcement of Equatys, in partnership with Viasat, to deliver Direct-to-Device future space system, establishing a shared multi-orbit standard-based 5G NTN open architecture and a globally scalable platform with commercial roll-out targeted within three years. The system will deliver connectivity to unmodified devices, guaranteeing connectivity in even the remotest of locations, supported by over 100 MHz of harmonized spectrum and agreements with Mobile Network Operators (MNO). In October, e& UAE became the first MNO to sign an MoU with Space42 to explore technical, commercial, and regulatory collaboration for deployment across the UAE and beyond
Trusted Leader in Secure Connectivity
Al Yah 4 and Al Yah 5 satellite program, on schedule and budget, with Spacecraft Preliminary Design Review completed and Critical Design Review significantly progressed. These assets will enhance national secure communication capabilities across defense and civil domains and are supported by a USD 5.1 billion, 17-year government contract which will start to generate USD 300 million of annual revenues from Q4 2026 onwards
Secured USD 696 million ECA-backed financing facility arranged by leading international banks to fund Al Yah 4 and Al Yah 5 program
Regional leader in Autonomous Mobility Sectorial Priority
Signed long-term agreement with Dynamic Map Platform to provide LiDAR point c
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
06/05/2026
Gravity Media Chief RF Communications Engineer Glenn Willems uses Wisycom RF over Fiber and wireless solutions across major cycling events and international mar...
06/05/2026
A Sennheiser Spectera module is now available in Bitfocus Companion and Buttons, enabling direct integration of Spectera with the two software platforms. The mo...
06/05/2026
Ted Turner, the visionary media entrepreneur whose appetite for disruption helpe...
06/05/2026
Peacock is going all-in on the beautiful game - streaming all 104 FIFA World Cup...
06/05/2026
New pricing tiers for vocal/dialogue restoration tool
NoiseWorks Audio's AI-powered vocal and dialogue processing plug-in is now available in three diff...
06/05/2026
Popular mixing & routing software overhauled
Following a recent public beta test, RME have launched the final release version of the powerful mixing and rou...
06/05/2026
New SOS Video Feature
Focusrites ISA C8X is a milestone product that brings together the companys analogue heritage and their expertise in digital audio. Yo...
06/05/2026
Polands Miecznik-class frigates are part of the largest contract in Polish shipbuilding history. (Image Credit: PGZ Stocznia Wojenna)...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Riedel Communications today announced the expansion of its leadership structure as part of a strategic initiative to strengthen both its operational management ...
06/05/2026
For nearly three decades, Veteran Production Sound Mixer and Five-time Emmy Award Winner Dirk Sciarrotta has helped define the sonic identity of the long-runnin...
06/05/2026
ZEISS CinCraft LensCore: Cinema Lens Looks for Compositing
Brie Clayton May 6, 2026
0 Comments
ZEISS announces the launch of CinCraft LensCore, a nove...
06/05/2026
Wisycom Solves Extreme RF Challenges Across Miles of Live Action for Gravity Med...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Narrative Entertainment has partnered with Encompass to deliver high-quality subtitling of its Great! network content using the Altitude Intelligence AI assiste...
06/05/2026
SipRadius, widely recognized for making content processing and connectivity secure and seamless, is proud to launch a dramatic new approach to AI content creati...
06/05/2026
When the broadband and media industry gathers at ANGA COM in Cologne from May 19 to 21, Big Blue Marble will be at the forefront. The international broadcast an...
06/05/2026
Cinegy GmbH, a leading developer of software-defined television technology, is proud to exhibit at MPTS for the first time. Visitors to the stand will discover ...
06/05/2026
Val Jeanty Receives 2026 Doris Duke Artist Award Jeanty, a composer, percussionist, and turntablist, is the fourth Berklee recipient of the prestigious award ...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/05/2026
When live cycling races and international marathons stretch for miles across cities and countryside, there is no margin for RF failure in live broadcast. As Chi...
06/05/2026
Oberkochen/Germany, May 5, 2026
ZEISS announces the launch of CinCraft LensCore, a novel solution for creating physically based cinematic lens looks for visual...
06/05/2026
06 May 2026
VEON's Kyivstar Authorized to Resell Starlink for Businesses & ...
06/05/2026
UKTV has secured the exclusive rights to the early back catalogue of iconic Australian drama series Neighbours, following a landmark content deal with Fremantle...
06/05/2026
Wednesday 6 May 2026
Sky commissions feature documentary to mark 10th anniversa...
06/05/2026
Wednesday 6 May 2026
Sky and Formula 1 agree long-term partnership across UK, Ireland and Italy
Sky in the UK & Ireland to remain the home of Formula 1 until ...
06/05/2026
Sky Zero Footprint Fund-backed TV campaign launches nationwide, supported by new...
06/05/2026
Wuppertal May 6, 2026
Riedel Expands Leadership Structure, Appoints Marc Engro...
06/05/2026
SAN JOSE, Calif. - May 6, 2026 - Harmonic (NASDAQ: HLIT) today announced its latest broadband innovations for ANGA COM 2026, highlighting its vision for a new e...
06/05/2026
Statement from Rupert Murdoch, Chairman Emeritus, Fox Corporation on Ted Turner&...
06/05/2026
Friday 8 May on RT One and RT Player
Meet the NSPCA team caring for and protecting animals in need in this six-part series
Fly on the wall, six-part series...
06/05/2026
The race to build the world's most powerful AI factories demands networking ...
06/05/2026
How changes to proteins can alter drug interactions for new precision therapies Scripps Research team maps how chemical modifications to proteins affect drug bi...
05/05/2026
Experts from the world of academia, tech, business, politics and media convened for a Thomson Talks at the Cambridge Disinformation Summit in April. It's th...
05/05/2026
Three phones were hardwired for power and transmission to the truck; camera feat...
05/05/2026
The creative studio behind campaigns for the NBA, Fanatics Sportsbook & Casino, ...
05/05/2026
Nielsen has announced results from a co-viewing pilot program covering February&...
05/05/2026
viztrick AiDi, an on-device AI solution developed by Nippon TV, delivered global...
05/05/2026
ARRI has announced Omnibar, a battery-powered, IP65-rated multi-color LED linear...
05/05/2026
Imagine Communications has announced that France T l visions is the first broadc...
05/05/2026
The Women's National Basketball Association (WNBA) and Bell Media today announced a multiyear agreement to broadcast and stream WNBA games in Canada beginni...
Strategic execution and operational optimization lay foundation for sustainable growth
