SES S.A. has announced its financial results for the nine months, and three months ended September 30, 2025, reporting a solid operational and financial performance. The results notably include the full consolidation of Intelsat from July 17, 2025, following the successful completion of the acquisition.
On a reported basis, with Intelsat consolidated from mid-July, SES posted revenue of 1,747 million for the nine-month period, marking a 19.8 year-over-year increase at constant foreign exchange FX. Adjusted EBITDA rose to 849 million, up 11.0 yoy at constant FX. The company secured approximately 1.4 billion in new business and contract renewals year-to-date 2025, resulting in a total combined gross backlog of 7.1 billion, split between Media 3.3 billion and Networks 3.8 billion.
An interim 2025 dividend of 104 million 0.25 per A-share 0.10 per B-share was paid on October 16, 2025. A final 2025 dividend of at least the same amount is planned for April 2026, subject to shareholder approval. SES confirmed its full-year 2025 financial outlook, expecting revenue in the range of 2.60-2.70 billion and adjusted EBITDA between 1.17-1.21 billion, with CapEx now projected at 0.6-0.7 billion.
