Paris, France, October 29, 2026 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the First Quarter ended 30 September 2026. Total revenues for the First Quarter stood at €286 million, down 2.4% on a reported basis, and 0.9% like-for-like.
- LEO revenues up 30.1%1, driving sustained Connectivity growth of 11.9%1
- Operating Verticals revenues of €278 million, down 2.1%1
- First Rendez-Vous now completed, IRIS² entering construction phase, with €8.9 billion of associated backlog recognised.
Revenues of the four Operating Verticals4 stood at €278 million. They were down 2.1% on a like-for-like basis excluding a slight currency effect. Quarter‑on‑quarter, revenues of the four Operating Verticals were down by 18.6% like-for-like.
Following the successful outcome of the IRIS² First Rendez-Vous, the project has now entered its construction phase, marking the transition from programme definition to industrial execution. With this milestone, the Group’s backlog now includes €8.9 billion of future revenues associated with the execution of construction-related activities under the programme. In this context, €5 million of revenue was recognised during the First Quarter, representing an initial contribution that is expected to increase materially over the remainder of the fiscal year as execution of the programme advances.
Unless otherwise stated, all variations indicated hereunder are expressed on a like-for-like basis, i.e, at constant currency and perimeter.
