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Gilat Proprietary and Confidential Q3 2025 EarningsResults NASDAQ/TASE: GILT Leading the Multi- Orbit Revolution
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Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward- looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, the war and hostilities between Israel and Hamas, Israel and Hezbollah. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason. Unaudited/Non-GAAP Financial Measures This presentation includes financial data that is not audited and financial data that was not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Non-GAAP financial measures mainly exclude, if and when applicable, the effect of stock-based compensation expenses, amortization of purchased intangibles, lease incentive amortization, other non-recurring expenses, other integration expenses, other operating income, net, and income tax effect on the relevant adjustments. Gilat believes these non-GAAP financial measures provide consistent and comparable measures to help investors understand Gilat’s current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read in conjunction with Gilat’s consolidated financial statements prepared in accordance with GAAP. Gilat Proprietary and Confidential 2 Forward Looking Statements Disclaimer
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2025 Strategic Focus Third Quarter 2025 Highlights Gilat Proprietary and Co n f i d e n t i a l 3 Strong Q3 Financials: Revenue $117.7M (+58% YoY), Adjusted EBITDA $15.6M (+46%) Defense Momentum: Advancing innovation and orders across an integrated suite of solutions SkyEdge IV Platform: Significant new orders across multiple applications, mainly for the IFC IFC Expansion: Awarded Over $60 Million for Stellar Blu ESA Sidewinder Terminals Peru: $85M awards from Pronatel to upgrade the regional broadband infrastructure Leveraging Stellar Blu Acquisition: Capitalizing on advanced ESA technology. Meeting Defense Demands: Investing in R&D and Sales & Marketing to lay the foundation for growth. 2025 Guidance: Raised midpoint of 2025 revenue and Adj. EBITDA guidance.
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Gilat Business Segments - Q3 2025 Highlights Gilat Proprietary and Confidential 4 Gilat Defense Strong Demand: Ongoing traction with defense customers across North America, Europe, Israel, and Asia-Pacific. Market Leadership: Over $14 million in orders of DKETs, through a prime contractor, for the U.S. Army and the Department of Defense. Continued Collaboration: Contract with the Israeli Ministry of Defense for Advanced Strategic Defense SATCOM Project.
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Gilat Business Segments - Q3 2025 Highlights Gilat Proprietary and Confidential 5 Gilat Commercial IFC Momentum: Awarded more than $60 million in orders for Gilat Stellar Blu’s Sidewinder ESA IFC terminal. IFC Momentum #2: $42M orders for SkyEdge IV for uses across multiple applications, mainly in the In-Flight Connectivity. New Wins: A strategic partnership agreement and an order for SkyEdge IV from a leading satellite operator in the Asia-Pacific region. .
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Gilat Business Segments - Q3 2025 Highlights Gilat Proprietary and Confidential 6 Gilat Peru Major Awards: $85M contracts from Pronatel to expand broadband infrastructure to 1,000+ public institutions in four of the regional projects. Recurring Revenues: Operating all six regional projects. The new award increases the recurring revenue backlog. Global Impact: Driving digital inclusion worldwide by exporting Gilat Peru’s expertise to new markets.
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117.7 74.6 Q3-25Q3-24 7.5 6.7 Q3-25Q3-24 15.6 10.7 Q3-25Q3-24 Third Quarter 2025 Financial Highlights (US$ Millions) Gilat Proprietary and Confidential 7 Revenue Adjusted EBITDA GAAP Operating Income GAAP Net Income 8.1 6.8 Q3-25Q3-24
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24.1 31.0 Q3-25Q3-24 73.0 33.8 Q3-25Q3-24 Q32025 Revenue Breakdown Annual Revenue (US$ Millions) Gilat Commercial Gilat Defense Gilat Peru Gilat Proprietary and Confidential 8 20.6 9.8 Q3-25Q3-24
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117.7 74.6 Q3-25Q3-24 7.5 6.7 Q3-25Q3-24 15.6 10.7 Q3-25Q3-24 Third Quarter 2025 Financial Highlights (US$ Millions) Gilat Proprietary and Confidential 9 Revenue Adjusted EBITDA GAAP Operating Income GAAP Net Income 8.1 6.8 Q3-25Q3-24
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Balance Sheet Highlights Gilat Proprietary and Confidential 10 US$ Millions Q3/25 Q2/25 Q4/24 Net Cash 1 95.6 5.5 118.2 DSO 2 63 60 71 Cash From Operations 28.4 5.1 16.3 Equity 391 316 304.4 1)Net Cash includes Cash and cash equivalents and restricted cash, net of loans 2)DSO exclude construction in Peru
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2025 Outlook & Increased Guidance (US$ Millions) Gilat Proprietary and Confidential 11 Revenue Ajusted EBITDA Revenue: $445M - $455M 47% YoY Growth1 Adjusted EBITDA: $51M - $53M 23% YoY Growth1 Raised 2025 Revenue and EBITDA Outlook Driven by strong YTD performance, robust backlog, and healthy pipeline across all key segments 305.4 435-455 445-455 2024 Previous Guidance 2025 Guidance 42.2 50-53 51-53 2024 Previous Guidance 2025 Guidance 1) Growth at the midpoint
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Q&A
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Thank You info@gilat.com Gilat.com