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Gilat Proprietary and Confidential Investor Presentation February 2026 Leading the Multi-Orbit Revolution
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Gilat Proprietary and Confidential 2 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. 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 . Forward Looking Statements Disclaimer
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Gilat Proprietary and Confidential 3 We are Gilat Bringing Boundless Communication Innovative Ground Equipment Cellular Backhaul 2G 3G 4G5G Enterprise Telecom,Infrastructure & Services Aero/IFC Maritime Land Defense Government ~1,200 1987 GILT Employees 15 Founded 7 NASDAQ/TASE 2 Sales Offices R&D Centers NOC Centers Digital Inclusion LEO Gateway
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Gilat Proprietary and Confidential 4 Gilat Defense Gilat Commercial Gilat Peru Gilat Business Segments • Secure, rapid-deployment solutions for military organizations, government agencies, and defense integrators. • Solutions for all military applications, including battle- proven systems currently in use. • A strong focus on the U.S. DoD • Advanced broadband satellite communication networks and solutions. • Serves a variety of verticals such as IFC, enterprise, cellular, and others. • A multi-orbit platform, with a focus on VHTS and NGSO. • Terrestrial & satellite telecommunication service provider. • Large-scale network and integration projects. • A focus on government solutions.
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Gilat Proprietary and Confidential 5 100+ Countries 300+ Customers 100s of Networks Proven Excellence in Commercial and Defense Applications Government and Defense System Integrators Satellite Operators Service Providers & MNO’s
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Gilat Proprietary and Confidential 6 Satellite Manufacturer Ground Equipment Satellite Operator Service Provider End Users Value Chain Gilat is the Market Leading Ground Equipment Manufacturer
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Gilat Proprietary and Confidential 7 2,507 2,628 3,065 3,839 3,851 4,240 1,666 1,796 1,933 2,081 2,100 2,345 2025 2026 2027 2028 2029 2030 Defense Commercial A Growing Multi-Billion Dollar Equipment Market TotalAddressable Market ($M) 7 Novaspace Ground Segment 2025 + Internal analysis Strong Tailwinds in IFC Key driver for GEO and NGSO capacity demand Surge in Defense SATCOM Increased focus on military SATCOM networks VHTS & NGSO Abundance of Capacity LEO is set to transform satellite connectivity, a pivotal moment poised for breakthrough growth. Gilat Proprietary and Confidential Uniquely Positioned to Unlock Growth Opportunities 4,173 4,424 4,988 5,919 5,951 6,585
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Gilat Proprietary and Confidential 8 GEO MEO LEO Large Capital Spending Continues in the Satellite Industry >$20B a year Altitude: 35,786 km | Latency: ~550ms Altitude: 2,000-10,000 km | Latency: ~120ms Altitude: 500-2,000 km | Latency: ~15ms Abundance of Capacity Gilat Proprietary and Confidential 8 HTS/VHTS SES/mPOWER Amazon Starlink OneWeb IRIS2 Telesat SES/mPOWER Rising NGSO constellations – unlocking ground segment opportunities
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Gilat Proprietary and Confidential 9 Aviation Defense Land Mobility Broadband IoT EnterpriseCellularMaritime Enables higher capacity,availability and throughput with the lowest cost per bit Provides the most advanced features to meet the demands of today’s SATCOMusers Specifically crafted for a seamless evolution to the Cloud and 5G NTN World’s First Multi-Orbit Platform Gilat's SkyEdge IV The Satellite Operator’s Choice
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Gilat Proprietary and Confidential 10 Gilat Commercial Markets Digital InclusionIFC Maritime Enterprise Cellular Backhaul Commercial Aviation Business Aviation Commercial Vessels Rural Connectivity Education Agriculture Retail Energy Banking & Finance Business Continuity Backhauling Disaster Recovery Internet of Things (IOT) Gateway GEO, MEO, LEO SSPA - 500 1,000 1,500 2,000 2,500 2025 2026 2027 2028 2029 2030 Addressable Market Equipment Revenues (USD Millions) Novaspace Ground Segment 2025
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Gilat Proprietary and Confidential 11 Broad IFC Solutions (line-fit & retrofit) In-Flight Connectivity 400 Mbps Modem Transceivers Ground Equipment Over 4000 Aircraft Deployed with Gilat Solutions Aero Antennas Expanding Fleets Commercial Aircraft Business Aircraft Novaspace IFC report ~9,600 (2024) ~23,900 (2033) CAGR 9% ~5,700 (2024) ~27,500 (2033) CAGR 19%
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Gilat Proprietary and Confidential 12 • Swift adoption by the aviation sector • ~2000 new units deployed annually • LEO and Multi Orbit as the main catalysts • The US DoD is a driving force, with substantial development programs ESA for Aviation Taking Center Stage 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2025 2026 2027 2028 2029 2030 Commercial Aviation Business Aviation Military (Aero) Number of installed ESA Terminals Valour Gilat ESA Solutions for Every Aero Segment
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13Gilat Proprietary and Confidential Defense Landscape
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Gilat Proprietary and Confidential 14 Space Defense Spending is Soaring Growing Geopolitical Tensions 1 2 3 Space is Becoming Increasingly Important Rapid Technology Advancements Lower barriers made technology more accessible $38,932 M USA $516 M Germany $491 M Italy $8,835 M China $2,586 M Russia $1,329 M France $685.7 M Japan $660.1 M UK $660 M EU $432 M Spain $329 M Australia Israel $140 M Global Space Military Expenditures are at an All-Time high Source: Novaspace 2024 Countries’ total expenditures in space defense capabilities, including service, capacity, and equipment for 2023 Key Countries Expenditures
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Gilat Proprietary and Confidential 15 Gilat Defense Markets Delivering Mission Success Anywhere on Land, Sea and Air SeaLand Air • Manpack • Portable / Transportable • Fixed • Mobile • Intelligence, Surveillance, Reconnaissance (ISR) • Unmanned Aerial Systems (UAS) • Jets • Rotary / Helicopters • Manned vessels • Unmanned vessels Addressable Market Equipment revenues (USD Millions) ~$4B Market by 2030 Novaspace Ground Segment 2025 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2025 2026 2027 2028 2029 2030
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Gilat Proprietary and Confidential 16 Hubs UAV Terminals Manpacks Maritime Airborne Terminals Space Segment Deployable Terminals for Command Posts & Field HQ On-The-Move Terminals Gilat Defense - Unified Solutions Under One Roof 16Gilat Proprietary and Confidential
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Gilat Proprietary and Confidential 17 Satellite & Terrestrial Telecommunication Service Provider and Integrator for social inclusion, Commercial & Government Shifting Operations to Recurring Revenue Model One of the Largest Private Telecommunications Providers in Peru Gilat Delivers Internet to Millions of People in Peru Amazonas Cusco Lima Huancavelica Ica Ayacucho Apurimac Gilat Peru
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18Gilat Proprietary and Confidential Financial Highlights
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Gilat Proprietary and Confidential 19 Q4 2025 Profit and Loss Highlights US$ Millions Revenue Operating Expenses Operating Income (loss) Net Income (loss) Adj. EBITDA Operating Expenses Operating Income Net Income GAAP Non-GAAP Q4/24 Gross Margin Q1/25 78.1 18.3 12.8 11.8 12.1 21.9 9.7 8.5 40% Q2/25 92.0 31.1 (2.7) (6.0) 7.6 24.1 5.2 1.8 32% Q3/25 105.0 26.2 5.7 9.8 11.8 25.2 9.3 12.0 33% 117.7 27.2 7.5 15.6 24.7 12.8 11.8 32% 8.1 Q4/25 137.0 25.3 13.0 18.2 26.6 15.2 13.4 31% 8.8
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Gilat Proprietary and Confidential 20 FY 2025 Profit and Loss Highlights FY 2025 FY 2024 Revenue 451.7 305.4 Operating Expenses 109.9 85.6 Operating Income 23.4 27.7 Net Income 20.7 24.8 Gross Margin 32% 38% Adj. EBITDA 53.2 42.2 Operating Expenses 100.5 85.1 Operating Income 42.5 31.9 Net Income 39.0 28.2 GAAP Non-GAAP
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Gilat Proprietary and Confidential 21 Strong Balance Sheet US$ Millions 1) Net Cash includes Cash and cash equivalents and restricted cash, net of loans 2) DSO exclude construction in Peru Q4/25 Q3/25 Q4/24 Net Cash 1 183.4 95.6 118.2 DSO 2 88 68 73 Cash From Operations (6.3) 28.4 16.3 Equity 500 391 304 • Dec 2025 - $100M Capital raised from leading Israeli institutional investors • Sep 2025 - $66M Capital raised from leading Israeli institutional investors
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Gilat Proprietary and Confidential 22 Executing Profitable Growth Strategy Revenue Ajusted EBITDA $500M - $520M 13% YoY Growth1 $61M - $66M 19% YoY Growth1 2026 Revenue and EBITDA Outlook Driven by strong YTD performance, robust backlog, and healthy pipeline across all key segments 1) Growth at the midpoint 451.7 500-520 2025 2026 Guidance 53.2 61-66 2025 2026 Guidance 2026 Market Guidance (US$ Millions)
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2026 Guidance - Revenue by Segment (US$ Millions) Gilat Proprietary and Confidential 23 1) At the midpoint Commercial Defense $315M - $335M $115M - $130M Peru $60M - $65M 315-335 281.4 2026 Guidance2025 115-130 100.4 2026 Guidance2025 60-65 69.9 2026 Guidance2025
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Gilat Proprietary and Confidential 24 19 VHTS and NGSO Opening New Markets SkyEdge IV is a leading VHTS and NGSO Platform Leading in Main Growth Areas IFC with modems & ESA Focused on Military SATCOMNetworks Positioned to accelerate Revenue Growth Summary Uniquely Positioned to Unlock Growth Opportunities
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Thank You Thank You