SES Kicks Off 2025 Strong with €360M in New Contracts
SES posted strong Q1 results, signing €360M in contracts, growing Networks revenue, and advancing satellite launches and innovation projects.
SES Satellites has released its financial results for the first quarter of 2025, highlighting a strong start to the year with notable contract wins and growth in key markets, and signing EUR 360 million in renewals and new customer contracts.
These results keep the company in a solid financial position, in line with the 2025 financial year outlook, and reflect traction in high-growth Networks verticals (+8.4% YoY), especially in the US & Global Government (+13.1% YoY), and Mobility (+8.5% YoY) businesses
The focus on disciplined cost management and transforming into a more agile organisation has resulted in an Adjusted EBITDA of minus 1% YoY
The company has upheld their commitment to invest in innovation – expanding into the D2D market and amplifying our MEO network by preparing the 7th and 8th O3bmPOWER satellites for launch and accelerating progress on IRIS2
