Quarterly ResultMay 13, 2026, 08:02 AM
SES Delivers Robust Q1 2026 Results; Reiterates Full-Year Outlook
AI Summary
SES S.A. announced robust financial results for Q1 2026, with revenue increasing by 80.5% and Adjusted EBITDA by 57.0% at constant FX, largely benefiting from the Intelsat consolidation. The company reiterated its full-year 2026 financial outlook, expecting stable revenue and Adjusted EBITDA on a like-for-like and constant FX basis. Key developments include strong growth in Networks, successful new business signings, and progress on next-generation satellite deployments like O3b mPOWER and meoSphere.
Key Highlights
- Q1 2026 Revenue was \u20ac847 million, up +80.5% YoY at constant FX.
- Q1 2026 Adjusted EBITDA was \u20ac404 million, up +57.0% YoY at constant FX.
- Networks revenue increased +106.0% YoY, driven by Mobility (+207.8%) and Government (+50.7%).
- Signed \u20ac306 million in new business and contract renewals in Q1 2026.
- Reiterated 2026 financial outlook for stable Revenue and Adjusted EBITDA YoY on a like-for-like and constant FX basis.
- Net Leverage stood at 4.1 times, including \u20ac874 million cash & cash equivalents.
- O3b mPOWER satellites 9&10 started serving customers; 11, 12, and 13 to launch in H2 2026.
- Announced plans to deploy meoSphere, a next-generation MEO network targeted for operation by 2030.
- Final 2025 dividend of \u20ac104 million (\u20ac0.25 per A-share, \u20ac0.10 per B-share) paid on April 16, 2026.