European satellite operator Eutelsat has released its full-year 2025-26 financial results, ending 30 June 2026.
Total revenues were €1.23 billion ($1.43bn), up 3 percent like-for-like, with 1.8 percent being from Eutelsat’s four operating verticals. The company’s LEO revenues via OneWeb continued to impress, amounting to $342.6 million, a 69.5 percent increase, now resembling 25 percent of total revenue, up from 15 percent last year.
“Our low Earth orbit business continued its strong momentum, demonstrating the growing demand for secure, resilient and low-latency connectivity solutions across government and enterprise markets,” Jean-François Fallacher, chief executive officer of Eutelsat, said in a statement. “Over the past year … we secured major commercial wins, including our first call-off contract under the French Armed Forces' NEXUS framework agreement, further validating the strategic value of our multi-orbit capabilities for sovereign customers.
“Looking ahead, we expect continued strong growth in our LEO business to offset the structural decline in GEO, supporting slight revenue growth and stable profitability in FY 2026-27. With the forthcoming outcome of the IRIS² First Rendez-Vous expected to confirm Eutelsat's leadership of the LEO segment, we are uniquely positioned as Europe's leading space connectivity operator, playing a central role in delivering the sovereign communications infrastructure that Europe increasingly requires.”
