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FFR - Q2 2025 Earnings Results Presentation

Company: Gilat Satellite Networks Ltd. Date: 2025-08-07 Language: English Register to download
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#### **FORM 6 – K**

#### **SECURITIES AND EXCHANGE COMMISSION**

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

#### **Gilat Satellite Networks Ltd.**

(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

# Leading the Multi- Orbit Revolution

Gilat

Q2 2025. Earnings Results

NASDAQ/TASE: GILT

Gilat Proprietary and Confidential

#### Forward Looking Statements Disclaimer

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.

#### Unaudited/Non-GAAP Financial Measures

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.

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# Second Quarter 2025 Highlights 22025 Strategic Focus

![](_page_4_Picture_1.jpeg)

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

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Defense Momentum: Advancing innovation across an integrated suite of solutions

Platform Virtualization: \$40M strategic contract win

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IFC Expansion: Gilat Stellar Blu contributed \$36M revenue, on track for \$120M-\$150M revenues in 2025.

Significant new orders from IFC market players.

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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.

## Gilat Business Segments -Q2 2025 Highlights

#### Gilat Defense

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.

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### Gilat Business Segments -Q2 2025 Highlights

#### Gilat Commercial

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.

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Gilat Proprietary and Confidential

#### Gilat Business Segments -Q2 2025 Highlights

#### Gilat Peru

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.

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# Second Quarter 2025 Financial Highlights

(US\$ Millions)

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#### Q2 2025 Revenue Breakdown

Annual Revenue (US\$ Millions)

![](_page_9_Figure_2.jpeg)

# Balance Sheet Highlights

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

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# 2025 Outlook & Increased Guidance

(US\$ Millions)

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

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Q&A

# Thank You

info@gilat.com Gilat.com

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