
Solid Start to the Year Luxembourg, 30 April 2025 -- SES S.A. announces financial results for the three months ended 31 March 2025.
Revenue of 509 million (-0.5% yoy) and Adjusted EBITDA of 280 million (-0.9% yoy), both growing excl. periodic impact
Networks revenue up +8.4% yoy including some periodic impact supported by growth in Government (+13.1% yoy) and Mobility (+8.5% yoy); Media (-10.6% yoy) in-line with expectations
360 million of new business and contract renewals signed in Q1 2025
Net Leverage at 1.2x (including cash & cash equivalents of 3.1 billion)
O3b mPOWER satellites 7&8 have reached final orbital position - boosting mPower network capacity and resilience from May
FY 2025 financial outlook on track with yoy stable Revenue and broadly stable Adjusted EBITDA re-affirmed
Fully funded Intelsat acquisition anticipated to complete in H2 2025 - intention to optimise the combined debt structure
On 3 April 2025, AGM approved all company recommended resolutions including prioritisation of shareholder returns
Final FY 2024 dividend of 110 million ( 0.25 per A-share) paid to shareholders on 17 April 2025
Adel Al-Saleh, CEO of SES, commented: We delivered good Q1 performance which continues to underscore that our evolved strategy is yielding positive operational and financial results, leading to a solid start to the year. We continue to deliver commercial momentum across the business reaffirming our FY 2025 financial outlook.
On the back of a strong performance, the Networks business now accounts for approximately 60% of revenues and delivered year-on-year growth led by government and mobility. This highlights our robust position in target segments with a differentiated multi-orbit offering. We have secured 360 million in new business and contract renewals to support future growth including an enhanced pipeline of Government opportunities, significant wins by our Open Orbits partners in aero, such as Uzbekistan Airways and extended cooperation with Thai Airways, and recent wins in Media with Mileto in Brazil and the Association of Tennis Professionals (ATP) globally. In Media we have delivered to expectations.
With a solid start to the year and mPOWER satellites 7&8 boosting mPower network capacity and resilience from May, we are on track to deliver strong operational performance with acceleration in Networks revenue to meet our FY 2025 financial outlook. The acquisition of Intelsat is progressing well and on track for completion in H2 2025.
Read the press release in full.
Europe Stories
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
18/06/2025
A nostalgia-evoking ambient music box
Following on from the success of their LIVEN Ambient synth, Sonicware have announced the launch of their latest co...
18/06/2025
Elisabeth Pataki, a progressive finance executive with over 20 years of experience at various publicly listed multi-national aerospace and defence companies, wi...
17/06/2025
In South Africa, the rebirth and resurgence of the vibrant folk genre Maskandi has captured the attention of music fans, becoming the country's fastest-grow...
17/06/2025
New monosynth joins UAD virtual instrument line-up
In addition to offering a catalogue of well-established collection of processing plug-ins, Universal Audi...
17/06/2025
All-in-one vocal mixing plug-in announced
Pulsar Audio have announced the launch of a new all-in-one plug-in that brings together a selection of vocal proce...
17/06/2025
Update delivers tighter integration with Pro Tools timeline
Dreamtonics have released an update that kits their innovative vocal synthesis plug-in out with ...
17/06/2025
Designed to maximise punch, clarity & impact
The latest arrival in the Schulz Audio range is a powerful new dynamics plug-in that provides producers, engine...
17/06/2025
17 Jun 2025
Omiyinka Doris Chooses to Step Aside from VEON General Counsel Position Dubai, June 17, 2025: VEON Ltd. (Nasdaq: VEON; the Company or VEON ), a ...
17/06/2025
17 Jun 2025
VEON Appoints Vitaly Shmakov as Acting General Counsel Dubai, June 17, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the Co...
17/06/2025
17 Jun 2025
Kyivstar and Ministry of Digital Transformation of Ukraine sign Coo...
17/06/2025
London - Tuesday 17 June 2025: It is with an incredibly heavy heart that we share the news that Melanie Rumani has passed away after a long battle with cancer. ...
17/06/2025
Tuesday 17 June 2025
One name. Two world champions. In 1996, Damon Hill claimed the Formula 1 World Championship and cemented his place in motorsport history, ...
17/06/2025
R&S FSWP phase noise analyzer and VCO tester now supports up to 56 GHz and exter...
17/06/2025
Wuppertal June 17, 2025
Riedel Communications Teams Up With GT Racing Team Garage 59Riedel Communications has partnered with U.K.-based endurance GT team Gara...
17/06/2025
Read the review here!...
16/06/2025
The Cannes Lions International Festival of Creativity is officially underway for...
16/06/2025
On Spotify, francophone content continues to cross borders at an unprecedented rate. In 2024 alone, more than 123 million listeners worldwide streamed audio con...
16/06/2025
Instrument now boasts full NKS support
Sub51 and Soundtrax have just announced the launch of an updated and improved version of their innovative sample-base...
16/06/2025
Two new compact 4HP modules introduced
ALM/Busy Circuits have just announced the launch of two new Eurorack modules, the Pip Filter and Pip LFO, both of whi...
16/06/2025
Monday 16 June 2025
For the first time, small to medium sized businesses will b...
16/06/2025
16 Jun 2025
VEON Announces USD 35 Million Share Buyback Announcement marks the third phase of USD 100 million share buyback program
Dubai, June 16, 2025: VEON...
16/06/2025
Monday 16 June 2025
Sky Arts' Access All Arts Week, a free nationwide arts ...
16/06/2025
Monday 16 June 2025
Families and children are invited to dress up, have fun and raise money to protect nature
WWF UK and Sky Kids are teaming up to launch Wea...
16/06/2025
The Rohde & Schwarz R&S M3AR radio family reaches 10,000 unit milestone, demonst...
16/06/2025
FOX Advertising Launches Enhanced Brand Storytelling Program with Strategic Inve...
16/06/2025
Run with Ray is back! RT Radio 1's The Ray D'Arcy Show hits the road th...
15/06/2025
July 2025 in Dublin, Berlin, Amsterdam & London
Photo: Thea Martre
Music Production for Women (MPW) have announced that they will be running a series of fo...
15/06/2025
Composer/producer launches free virtual instruments
Sulcata Sound is the latest venture of Jason Graves, a two-time British Academy Award-winnning composer,...
14/06/2025
July 2025 in Dublin, Berlin, Amsterdam & London
Photo: Thea Martre
Music Production for Women (MPW) have announced that they will be running a series of fo...
13/06/2025
Photo credit: Atsushi Nishijima
If you're a true lover of rom-coms, chances...
13/06/2025
New iPad/iPhone synth App announced
Following on from last year's release of Gradient Synth - which reached #6 on the App Store's Paid Music charts ...
13/06/2025
In fulfilment of a recommendation by the Government's Expert Advisory Commit...
13/06/2025
New FSWX signal and spectrum analyzer with novel architecture overcomes limits o...
13/06/2025
Apple today announced the addition of iPad to Self Service Repair, providing iPad owners with access to repair manuals, genuine Apple parts, Apple Diagnostics t...
13/06/2025
CUPERTINO, CALIFORNIA Apple today previewed iOS 26, a major update that brings a beautiful new design, intelligent experiences, and improvements to the apps use...
13/06/2025
At Apple's Worldwide Developers Conference (WWDC), Apple unveiled Apple Games, an all-new destination designed to help players jump back into the games they...
12/06/2025
In 2018, Spotify launched Heart & Soul, a mental health initiative developed to ...
12/06/2025
Technology now widely available to creators
Sony have announced that they are expanding access to their 360 Virtual Mixing Environment technology, which is ...
12/06/2025
Combines distortion, transient shaping & more
The latest plug-in to join Arturia's line-up has been designed to provide a quick and intuitive way to cra...
12/06/2025
Improved specs & redesigned mount
DPA have just announced the upcoming launch of the 4099 CORE , a new and improved version of their renowned instrument mic...
12/06/2025
New eight-fader control surface announced
SKnote have just announced the launch of the Etna-C, a new DAW control surface and MIDI controller that's been...
12/06/2025
Thursday 12 June 2025
Sky Sports has revealed its on-screen line-up for the Qat...
12/06/2025
Facebook
Twitter
LinkedIn
Thales has secured the top spot in the 2025 rank...
12/06/2025
Facebook
Twitter
LinkedIn
Thales strengthens its European leadership in re...
11/06/2025
When a music fan creates a playlist on Spotify, it's not just for listening-...
11/06/2025
Hur s krar vi Europas konkurrenskraft i en tid av snabb teknikutveckling? Och hur rustar vi samh llet f r framtidens kompetensbehov inom AI, tech och kultur? Un...
11/06/2025
Spotify and ENHYPEN are inviting fans to step inside the world of DESIRE : UNLEA...
11/06/2025
Innovative virtual instrument reimagines the drum kit
Majetone have recently announced the launch of a new virtual instrument that offers a new take on drum...