#Sweden #Stockholm #satellite communication #GomSpace #STETMAN

GomSpace's Strong Performance in Q1 2026

GomSpace, a leader in small satellite solutions, has unveiled its impressive first quarter results for 2026, showcasing an exceptional 43% revenue growth, which translates to 126,748 T.SEK compared to the previous year's 88,803 T.SEK. This performance not only fortifies the company's market position but also reflects its robust operational capacity and strategic foresight amid changing industry dynamics.

Key Financial Highlights

In addition to revenue growth, GomSpace reported several significant financial metrics:

• - Order intake surged by 104%, reaching 116,986 T.SEK, up from 57,385 T.SEK
• - EBITDA increased by 29% to 11,222 T.SEK
• - The operational profit (EBIT) increased notably to 2,505 T.SEK, compared to 795 T.SEK from the prior year
• - While free cash flow recorded a deficit of -59,740 T.SEK, the overall financial health of the company indicates strategic investments and preparation for significant growth.

CEO Carsten Drachmann remarked on the company's execution in a shifting market: "As we look back at 2025, we experienced a remarkable 70% year-on-year revenue growth. Our first quarter performance met our expectations, and we're excited to report a positive EBITDA of 9%."

The quarter's net profit stood at a solid 20 million SEK, thanks to an additional income of 13 million SEK related to share compensation from one major customer. While this customer has had payment delays, GomSpace has implemented safeguards to mitigate associated risks, ensuring that relationships remain strong and constructive.

Strategic Moves in Satellite Communication

GomSpace is not just resting on its current achievements. The first quarter of 2026 marked a significant turn as the company announced a pivotal joint venture with Ukrainian partner STETMAN. This collaboration represents the first step toward developing sovereign satellite communication capabilities for dual-use applications, a project that has garnered support from the European Commission and relevant financial institutions.

The upcoming satellite launch, set for autumn 2026, is aimed at validating the requirements needed for expanding network capabilities, which GomSpace anticipates to replicate across various regions globally. Drachmann emphasized the growing demand for such technologies, stating, "This initiative is not only important for Ukraine but sets a precedent for future satellite communication solutions in other nations."

Conclusion

GomSpace's performance in Q1 2026 underlines its commitment to enhancing its operational strategy and adapting to new market demands. The increased revenue, coupled with innovative ventures, establishes a promising outlook for the upcoming year. As the aerospace landscape continues evolving, GomSpace remains poised to capitalize on new opportunities in satellite technology, supporting governments and enterprises in achieving their spatial ambitions.

To find out more about their latest earnings and future developments, join the webinar hosted by HC Andersen Capital on May 7, 11 AM CET; details can be found on the GomSpace website. For more in-depth insights and the official report, please visit GomSpace's homepage.