Adjusted EBITDA reached $67m, marking a 7% year-on-year increase, while a double-digit reduction in normalised costs led to an expanded margin of 67%, compared to 63% in the prior year.
The global MSCI Rating reflects Yahsats extensive efforts in adopting Environmental, Social, and Governance (ESG) international best practices.
Yahsat will represent the UAE space sector at the UAE Space Agency Pavilion, demonstrating its cutting-edge climate tech solutions.
The new mandate will replace two current agreements, which come to an end in November and December 2026, respectively.
On an annualised basis, the group is on track to deliver a dividend of at least $4.48 cents per share, equivalent to $109m in total for the full 2023 financial ...
The satellite operators net income rose by 5% year-on-year to $48m, generating an improved margin of 23% from the previous years 22%.
The Chief Operations Officer of Yahsat accepted the award for the companys role in developing an advanced satellite communications infrastructure in the UAE.
This represents a major milestone in both companies plans to deliver affordable connectivity, underpinning their commitment to drive innovation in the IoT sector.
Yahsat delegation held one-on-one and small group meetings with multiple fund managers.
Yahsat's revenue during the three-month period grew to $100m, up nearly 2% from about $26.96m in Q1 2022.
The partnership signifies a milestone for Thurayas IoT ambitions and will be the companys first investment in a LEO satellite constellation.
The companies will explore localising engineering and modification certification services for airborne platforms.
John Sheldon moderated the first chat, where Yahsat's Group CEO shared his perspectives on the evolving space economy.
The agreement will expand Yahsats solutions-based offerings to include remote sensing data and imagery to key clients in-line with targeted areas of growth.
The deal will support Sudans digital transformation goals and expand the countrys broadband connectivity.
The company attributed its revenue growth to the performance of its managed solutions business, which serves the requirements of the UAE government, including related bodies and entities.
The final day for purchasing shares to fulfil eligibility for interim dividend payment is September 28.
The company has raised its projected revenues for 2022 to at least $420m, keeping the upper end of the range unchanged at $440m.
With 90% of the projected revenue for FY 2022 secured, Yahsat expects sustained momentum while maintaining a robust balance sheet to support dividend payments and growth investments.
Yahsat will design and deliver integrated satellite communications and ground control services for federal platforms.
The company has reported the highest ever Net Income (profit attributable to the shareholders) of $69.8m.
Yahsat will also be included in global index services provider Morgan Stanley Capital Internationals Small Cap Indices from December 1, 2021.
The agreements add significantly to Yahsats anticipated future cash flows and prior contracted backlog of more than $1.91bn.
New dividend policy to be presented for approval at the companys next Annual General Meeting in December.
The launch of new satellites presents significant growth opportunities across Yahsats business, and will further bolster contracted backlog and secure long-term financial outlook.
The normalised adjusted EBITDA margin improved from 60.4% in H1 2020 to 60.9% in H1 2021.
The final offer price for the offering has been set at Dh2.75 ($0.27) per share
Hot on the heels of an announcement last week that Yahsat?s subsidiary Star Communications had concluded a deal to acquire a majority and controlling stake in mobile satellite services operator, ...
