SES H1 2026 adjusted net loss widens to €89 million; revenue rises 72.4% to €1.6 billion

• SES posted H1 2026 revenue of €1.6 billion, up 63.9% year-on-year, while IFRS net loss attributable to owners widened to €176 million.
• EBITDA rose to €731 million from H1 2025, while adjusted EBITDA climbed 39.2% to €725 million.
• Adjusted free cash flow swung to an outflow of €130 million, while adjusted net debt/adjusted EBITDA increased to 4.4x.
• Networks revenue rose 89% to €1.02 billion, while Media revenue increased 46.5% to €571 million.
• SES reiterated its 2026 outlook for stable revenue and adjusted EBITDA year-on-year on a like-for-like basis, with capex around €700 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SES SA published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.