For what seemed a particularly strong earnings presentation given the financial year 2025 results announced today (with the share price currently up almost 5% despite the conflict in the Middle East) I was particularly keen to hear Adel Al-Saleh, CEO of SES, commenting on the growing government and military demand they are seeing in the space domain.
Furthermore it appears SES have a pragmatic and innovative approach intended to capitalise upon that demand with their pathfinder satellite plans for 2026-28 and beyond, as well as an anticipated doubling of power for their future MEO satellites to accommodate additional payloads. Satellite payloads intended to include missile defence capabilities as expected to be required by the US‘ Golden Dome initiative as well as similar plans in Europe.
With comments suggesting continued generous dividends (the best in the industry) and the future prospect of an increase in the ‘annual base dividend and at least a majority of future exceptional cashflows will be prioritised for shareholder returns’ I remain committed to my SES shareholding.
You can here the full 2025 results webcast here…
https://ses.engagestream.euronext.com/fullyear2025-results
SES A.S. Satellites: Expanding Capabilities in MEO Orbit including Missile Defence
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DoubleBubbler
