Gilat Satellite Networks

Revenue of $122.7 million, up 17%, split Commercial $83.0 million, Defense $22.5 million and Peru $17.2 million. GAAP operating income $4.7 million, GAAP net income $8.1 million, adjusted EBITDA $15.4 million, cash and equivalents $144.8 million at 30 June 2026. Guidance for 2026 reiterated at $500-520 million of revenue. Chief executive Adi Sfadia pointed to defence expansion in the United States and Europe, the new Viper Ka ESA terminal for autonomous missions, and the pending Comtech acquisition.

Agreement to buy the majority of Comtech Telecommunications' Satellite and Space Communications segment for $157.5 million in cash, funded from existing resources, expected to close by the end of 2026 subject to CFIUS, FTC and Hart-Scott-Rodino clearance. The segment recorded $187.8 million of revenue in its 2025 fiscal year. Gilat states the transaction will more than double Gilat Defense revenues and create a combined business with over $700 million of annual revenue. Chief executive Adi Sfadia called it 'a transformative milestone in Gilat's evolution into a larger, more diversified defense communications and space technology company'.

Revenue of $110.5 million, up 20%, split Commercial $72.8 million, Defense $25.4 million and Peru $12.3 million. GAAP operating income $4.4 million against a $2.7 million loss a year earlier, adjusted EBITDA $15.1 million, cash and equivalents $140.2 million with short-term deposits of $30.9 million. Chief executive Adi Sfadia cited an 'expanding defense footprint into additional countries' and rising demand for portable defence gateway solutions.

The company's own primary filing. Records that certain of its products, 'including those with encryption or potential dual-use characteristics, require export licenses' administered by Israel's Ministry of Defense and Ministry of Economy, and that failure to obtain or maintain them could prevent Gilat from exporting equipment or technical information. Sets out the three-division structure adopted from 1 January 2025 - Defense, Commercial and Peru - and describes the Defense Division as providing 'secure, rapid-deployment solutions for military organizations, government agencies, defense integrators' with emphasis on the United States Department of Defense. Records that in June 2025 DataPath moved from a Special Security Agreement to a Proxy Agreement, a stricter form of foreign ownership, control or influence mitigation, under which independent United States proxy holders cleared by the Defense Counterintelligence and Security Agency govern classified work and Gilat's access as foreign parent is restricted. Notes 73,831,318 ordinary shares outstanding at 31 December 2025, and that a European satellite customer and a United States customer accounted for about 24% and 20% of 2025 revenue.

The most recent disclosed Israeli Ministry of Defence award. Gilat Defense will deliver and integrate next-generation satellite communication systems and services, centred on next-generation defence modems forming part of the company's ground-system defence solution. Gilad Landsberg, President of Gilat Defense: 'This contract highlights the continued importance of advanced SATCOM as an enabler for modern defense forces.'

Gilat DataPath's first order from this ministry: multiple DKET 3421 transportable terminals, WGS-certified rugged 4.2-metre systems with a scalable architecture of up to 32 modems, delivered over 12 months. Nicole Robinson, President of Gilat DataPath: 'We are proud to support sovereign defense communication programs with secure and relocatable SATCOM infrastructure.' Establishes that European defence ministries are now buying the same terminal family the company sells elsewhere.

Full year 2025 revenue of $451.7 million, up 48%, split Commercial $281.4 million, Defense $100.4 million and Peru $69.9 million. GAAP operating income $23.4 million, GAAP net income $20.7 million, adjusted EBITDA $53.2 million, cash and equivalents $168.9 million. Fourth quarter revenue $137.0 million, up 75%. Guidance for 2026 of $500-520 million. The segment split is the basis for assessing how much of the business depends on government and military buyers.

The Commission concluded on reasonable grounds that Israeli authorities and security forces have committed and are continuing to commit four of the acts of genocide defined in Article II against Palestinians in the Gaza Strip, that they have had and continue to have the genocidal intent to destroy the Palestinians in Gaza in whole or in part, and that the State of Israel bears responsibility for the failure to prevent genocide, the commission of genocide and the failure to punish genocide. The analysis covers Gaza over the period 7 October 2023 to 31 July 2025. The finding that frames what a supplier to Israel's Ministry of Defence is supplying to.

Records that Gilat Stellar Blu's Sidewinder electronically steered antenna is used by the in-flight connectivity providers Intelsat and Panasonic Avionics over the Eutelsat OneWeb constellation, with line-fit partnerships for the Boeing 737 MAX and 787 and roughly 300 antennas to be delivered within 12 months. Establishes the civil aviation route by which the company's hardware reaches British and European passengers.

A second Israeli Ministry of Defence award within a fortnight of the first, for the delivery and integration of SATCOM systems and services tailored for Israel's defence forces and engineered for 'harsh and unpredictable environments', with deliveries expected before the end of 2025. Gilad Landsberg: 'we are proud to deliver a tailor-made, time-sensitive solution for the Israeli Ministry of Defense. This achievement reflects our ability to meet complex operational needs with speed and precision.'

Award of more than $8 million for the delivery and integration of advanced SATCOM systems 'tailored to meet the operational requirements of Israel's defense forces', with deliveries expected within 12 months. Gilad Landsberg, President of Gilat Defense: 'The Israeli defense market was identified as a strategic priority for Gilat and this important win demonstrates the results of that focus.'

Records the British government's participation in Eutelsat's capital raise with EUR 90 million, leaving it the third-largest shareholder at 10.89% behind the French state at 29.65% and Bharti Space at 17.88%. Eutelsat operates the OneWeb low-earth-orbit constellation over which Gilat Stellar Blu's Sidewinder antennas carry passenger traffic, which places a British government shareholding one step from the company's commercial hardware.

Formation of a dedicated defence division integrating Gilat, Gilat DataPath, Gilat Wavestream and Gilat Stellar Blu, targeting the United States Department of Defense, military and homeland security organisations, government agencies, defence integrators, NATO and allied forces. Gilad Landsberg, President of the Defense Division: 'By combining technological innovation with a deep understanding of defense requirements, we are ensuring that military and government organizations have access to secure, resilient, and high-performance connectivity for mission success.'

Completion of the purchase of the United States aircraft antenna maker for $98 million as adjusted, with earn-outs of up to $147 million over two years. Financed in part by a $100 million secured credit line from HSBC Bank USA and Bank Hapoalim, of which $60 million was drawn at closing, at SOFR plus 2.6% to 3.35% over three years. Chief executive Adi Sfadia: 'This acquisition is a pivotal step in our strategy to expand Gilat's presence in the growing In-Flight Connectivity (IFC) market.' The HSBC facility is the clearest British commercial link in the group's financing.

The International Court of Justice found a real and imminent risk of irreparable prejudice to the right of Palestinians in Gaza to be protected from acts of genocide, and ordered Israel to take all measures within its power to prevent the commission of acts under Article II of the Genocide Convention, to ensure its military ceases such acts, to prevent and punish incitement, to enable humanitarian assistance and to preserve evidence. The duty of prevention it establishes is the reference point for third parties dealing with the Israeli state.

Product record for the military modem at the centre of the company's defence line. The Taurus-M is described as among the smallest modems offering high-speed satellite communications for stationary and on-the-move operations, with low size, weight and power, compliant with MIL-STD-810F, and intended for armoured fighting vehicles and man-pack deployment across air, sea and land missions. Gil Elizov, VP Products at Gilat: 'Whether carried in a backpack or mounted on a vehicle, Gilat's new SkyEdge IV Taurus-M satellite modem stands ready to deliver superior performance, high availability, secure satellite communications, and bandwidth efficiency to those that need it most.'

The company's British subsidiary. A private limited company incorporated on 18 February 2022, registered office 30 Old Bailey, London EC4M 7AU, status active. Registered under SIC codes 61300 satellite telecommunications activities, 61900 other telecommunications activities and 72190 other research and experimental development on natural sciences and engineering. Accounts last filed for the year ended 31 December 2025.