FIRST QUARTER 2025-26 REVENUES

Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the First Quarter ended 30 September 2025.

LEO revenues up 70.7%1, driving Connectivity growth Operating Verticals revenues of €283 million, down 1.2%[1] All financial objectives confirmed All resolutions relating to contemplated €1.5 billion capital increase approved by Shareholders

FIRST QUARTER REVENUES[1]

Total revenues for the First Quarter stood at €293 million, down 2.2% on a reported basis, and stable (‑0.3%) like-for-like.

Revenues of the four Operating Verticals (ie, excluding ‘Other Revenues’) stood at €283 million. They were down 1.2% on a like-for-like basis excluding a negative currency effect of €10 million. Quarter‑on‑quarter, revenues of the four Operating Verticals were down by 11% like-for-like.

Note: Unless otherwise stated, all variations indicated hereunder are expressed on a like-for-like basis, ie, at constant currency and perimeter.

Video (47% of revenues)

Video revenues amounted to €134 million, down 10.5% year-on-year, reflecting the secular market decline, as well as the negative effect of the latest sanctions imposed on Russian channels, with an impact of c. €16m expected in FY 2025-26.

*Full financial results available here