Foreign Filer Report • Aug 7, 2025
Foreign Filer Report
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Washington, D.C. 20549
Report on Foreign Issuer
Pursuant to Rule 13a – 16 or 15d – 16 of the Securities Exchange Act of 1934
For the Month of August 2025
(Translation of Registrant's Name into English)
Gilat House, 21 Yegia Kapayim Street Daniv Park, Kiryat Arye, Petah Tikva 4913020, Israel (Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
Attached hereto is Registrant's Q2 2025 Earnings Results Presentation.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Gilat Satellite Networks Ltd. (Registrant)
Dated August 7, 2025 By: /s/ Doron Kerbel
Doron Kerbel General Counsel & Company Secretary
Gilat
Q2 2025. Earnings Results
NASDAQ/TASE: GILT
Gilat Proprietary and Confidential
Certain statements made herein that are forward-looking within the meaning of the Pivate Securities Litigation Reform Act of 1995. The words "estimate", "intend", "expect", "believe" and similar expressions are intended to identify forward-ooking statements. These forwardlooking statements involve known risks and uncertainties. Many factors could results, performance or achievements of Glatto be materially different from any tuture results, performance or achievements that may be expressed or implied by such foward-ooking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptare to Gital's produces, inability to timely develop and introduce , products and applications, rapid changes in the market for Gilal's products, loss of market share and pressure on prices resulting introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM pattract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operation in Israel, including those related to the current terrorist attacks by Hamas, the war and hostillies between Israel and Hamas. Israel and Hezbolah. For additional information regarding ther risks and uncertainties associated with Gild's business, reference is made to Glat's reports filed to the with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
This presentation includes financial data that is not and than was not prepared in accordance with U.S. Generaly Acepted Accounting Principles (GAAP). Non-GAAP financial measures mainly exclude, the effect of stock based compensation expenses, amortization of purchased intentive amortization, other non-recurring expenses, other integration expenses, other operating income, net, and income tax effect on the releves these non-GAAP financial measures provide consistent and comparable measures to help investors unders current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or comparable GAAP measures and should be read in conjunction with Glat's consolidated financial statements prepared in accordance with GAAP.

2

Strong Q2 Financials: Revenue \$105M (+37% YoY), Adjusted EBITDA \$11.8M (+17%)

Defense Momentum: Advancing innovation across an integrated suite of solutions
Platform Virtualization: \$40M strategic contract win

IFC Expansion: Gilat Stellar Blu contributed \$36M revenue, on track for \$120M-\$150M revenues in 2025.
Significant new orders from IFC market players.

Peru: \$60M awards from Pronatel to upgrade the regional broadband infrastructure
Gilat Proprietary and Confidential
Leveraging Stellar Blu Acquisition: Capitalizing on advanced ESA technology.
Meeting Defense Demands: Investing in R&D and sales to lay the foundation for growth.
NextGen Platform: Progressing towards a cloud-native, software-defined environment.
3
2025 Guidance: Raised midpoint of 2025 revenue and Adj. EBITDA guidance.
Strong Demand: Ongoing traction with defense customers across North America, Europe, Israel, and Asia-Pacific.
Top Line Synergies in Action: Win with the Israeli MoD by leveraging the collaboration with DataPath.
Market Leadership: Strengthening Gilat's position in secure, high-performance satellite communications. Up to \$70M U.S. Army Field Services award.


Strategic Contract: \$40M NRE project for the virtualized SkyEdge IV platform.
Continued Growth: \$47M orders from Tier-1 satellite operators for multi-orbit use in a variety of verticals with a focus on IFC.
IFC Momentum: Gilat Stellar Blu announced receiving \$27M in new orders. More than 150,000 flight hours and more than 225 airplanes deployed.

Gilat Proprietary and Confidential
Major Award: \$60M contract from Pronatel to expand broadband infrastructure to 800+ public institutions.
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.


(US\$ Millions)

Annual Revenue (US\$ Millions)

US\$ Millions
| Q2/25 | Q1/25 | Q4/24 | |
|---|---|---|---|
| Net Cash 1 | 5.5 | 3.8 | 118.2 |
| DSO 2 | 60 | 75 | 71 |
| Cash From Operations | 5.1 | (6.6) | 16.3 |
| Equity | 316 | 299.5 | 304.4 |
1)Net Cash includes Cash and cash equivalents and restricted cash, net of loans
2)DSO exclude construction in Peru

9
(US\$ Millions)

Driven by strong H1 performance, robust backlog, and healthy pipeline across all key segments

10

Q&A
[email protected] Gilat.com


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