emirates7 - In the first half of 2025, Space42 maintained a solid performance, reporting a normalised net profit of USD 53 million—matching the same period last year—while achieving a higher margin. This reflects the company’s continued success in operational efficiency and strategic delivery.
By the end of the period, Space42 held USD 816 million in cash and short-term deposits. It also secured a new USD 700 million ECA-backed funding facility, supported by USD 6.8 billion in contracted future revenues and notable advancements across all four of its strategic pillars.
Karim Sabbagh, Managing Director of Space42, stated: “Our H1 2025 results highlight our dedication to operational excellence and strengthening capabilities. The ongoing momentum within our platform underscores the value of our dual-use solutions, which combine commercial success with strategic impact. With Thuraya-4 now operational and our structured programmatic strategy in motion, we are well-positioned to meet market demand and drive growth.”
The Space Services division recorded a 2% year-on-year revenue increase in Q2 2025, reaching USD 100 million. This growth was largely fueled by robust performance in the oil and gas sector, along with strong demand for secure communications and mobile satellite services, particularly in response to the UAE's focus on secure and sovereign connectivity. This trend is expected to continue into the medium and long term.
Looking ahead, growth is expected to accelerate in the second half of the year with the commercial rollout of the Thuraya-4 satellite, offering a range of new mobile satellite solutions tailored for defense, security, and commercial uses—especially relevant given recent regional developments. The company also advanced its work on the direct-to-device (D2D) space system and is planning to announce significant milestones in H2 2025.
Smart Solutions, though currently underperforming due to the timing of its long-term project cycles, is laying a solid foundation with new programmatic capabilities, with several initiatives expected to become operational in the latter half of 2025.
This division is focused on producing and deploying the Foresight system, which consists of seven next-generation SAR Earth observation satellites. Simultaneously, it is developing the GIQ geospatial analytics platform, now available via Microsoft Azure Marketplace, to meet the global demand for dual-use geospatial intelligence. These technologies have earned the “Future Fit” designation from the UAE Government under the UAE Space Agency, recognizing their strategic value to both Space42 and the nation.
Space42 also advanced its direct-to-device (D2D) future space system through a partnership with Viasat, working on a multi-orbit, 5G NTN-compatible open architecture that is globally scalable. Key developments in this area are expected to be revealed in the second half of 2025.
By the end of the period, Space42 held USD 816 million in cash and short-term deposits. It also secured a new USD 700 million ECA-backed funding facility, supported by USD 6.8 billion in contracted future revenues and notable advancements across all four of its strategic pillars.
Karim Sabbagh, Managing Director of Space42, stated: “Our H1 2025 results highlight our dedication to operational excellence and strengthening capabilities. The ongoing momentum within our platform underscores the value of our dual-use solutions, which combine commercial success with strategic impact. With Thuraya-4 now operational and our structured programmatic strategy in motion, we are well-positioned to meet market demand and drive growth.”
The Space Services division recorded a 2% year-on-year revenue increase in Q2 2025, reaching USD 100 million. This growth was largely fueled by robust performance in the oil and gas sector, along with strong demand for secure communications and mobile satellite services, particularly in response to the UAE's focus on secure and sovereign connectivity. This trend is expected to continue into the medium and long term.
Looking ahead, growth is expected to accelerate in the second half of the year with the commercial rollout of the Thuraya-4 satellite, offering a range of new mobile satellite solutions tailored for defense, security, and commercial uses—especially relevant given recent regional developments. The company also advanced its work on the direct-to-device (D2D) space system and is planning to announce significant milestones in H2 2025.
Smart Solutions, though currently underperforming due to the timing of its long-term project cycles, is laying a solid foundation with new programmatic capabilities, with several initiatives expected to become operational in the latter half of 2025.
This division is focused on producing and deploying the Foresight system, which consists of seven next-generation SAR Earth observation satellites. Simultaneously, it is developing the GIQ geospatial analytics platform, now available via Microsoft Azure Marketplace, to meet the global demand for dual-use geospatial intelligence. These technologies have earned the “Future Fit” designation from the UAE Government under the UAE Space Agency, recognizing their strategic value to both Space42 and the nation.
Space42 also advanced its direct-to-device (D2D) future space system through a partnership with Viasat, working on a multi-orbit, 5G NTN-compatible open architecture that is globally scalable. Key developments in this area are expected to be revealed in the second half of 2025.