• Latest
  • Trending
  • All
  • News
  • TV/Radio Deals
  • Film partnerships
  • New appointments
  • Production
  • TV Channels
Yahsat net income increases by 50.7% in H1 2022

Yahsat net income increases by 50.7% in H1 2022

August 9, 2022
Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

August 13, 2025
Ad 1 Ad 2
Dubai to lead region’s first-ever government pavilion at Gamescom 2025

Dubai to lead region’s first-ever government pavilion at Gamescom 2025

August 13, 2025
Rocket Lab complete acquisition of Geost

Rocket Lab complete acquisition of Geost

August 13, 2025
KSGAAL plans next phase of Arabic children’s series

KSGAAL plans next phase of Arabic children’s series

August 13, 2025
Red Sea Labs introduces “Music for Film” programme

Hunna launches 2025 Mentorship Programme for female Saudi musicians

August 13, 2025
Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

August 13, 2025
Arabsat appoints Dr Badr Alsuwaidan as President and CEO

Arabsat appoints Dr Badr Alsuwaidan as President and CEO

August 13, 2025
Navigating the future of broadcast technology in the Middle East

Navigating the future of broadcast technology in the Middle East

August 12, 2025
Madari Space to launch first orbital data centre in 2026

Madari Space to launch first orbital data centre in 2026

August 12, 2025
Turkey to send twin micro rovers to Moon in China-led mission

Turkey to send twin micro rovers to Moon in China-led mission

August 12, 2025
Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

August 12, 2025
Oscars 2022 opens ‘fan-favourite’ awards for Twitter users to vote

Saudi Film Commission opens submissions for Kingdom’s first-ever Oscar entry

August 12, 2025
  • Advertise
  • Subscribe
  • Magazine Archive
  • Directory
  • Contact
Thursday, August 14, 2025
  • Login
BroadcastPro ME
  • News
    • All
    • Analyst Reports
    • AV
    • Cinema Theatres
    • Esports
    • Film partnerships
    • International News
    • Mergers/Acquisitions
    • New appointments
    • OTT/Video Streaming
    • Podcasting
    • Production
    • Satellite/Comms
    • TV/Radio Deals
    Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

    Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

    Dubai to lead region’s first-ever government pavilion at Gamescom 2025

    Dubai to lead region’s first-ever government pavilion at Gamescom 2025

    Rocket Lab complete acquisition of Geost

    Rocket Lab complete acquisition of Geost

    KSGAAL plans next phase of Arabic children’s series

    KSGAAL plans next phase of Arabic children’s series

    Red Sea Labs introduces “Music for Film” programme

    Hunna launches 2025 Mentorship Programme for female Saudi musicians

    Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

    Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

    Arabsat appoints Dr Badr Alsuwaidan as President and CEO

    Arabsat appoints Dr Badr Alsuwaidan as President and CEO

    Madari Space to launch first orbital data centre in 2026

    Madari Space to launch first orbital data centre in 2026

    Turkey to send twin micro rovers to Moon in China-led mission

    Turkey to send twin micro rovers to Moon in China-led mission

    Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

    Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

    Trending Tags

    • broadcast
    • MENA broadcast
    • ConnecTech2019
  • Tech Features
    • All
    • CASE STUDIES
    • New Media
    • REVIEWS
    • TV/Radio Deals
    • Updates from FOMEX
    • Virtual Production Series
    Breaking free from the hardware cycle: Cloud collaboration in post-production

    Breaking free from the hardware cycle: Cloud collaboration in post-production

    Playing to win

    Playing to win

    The expanding role of AI in broadcast

    The expanding role of AI in broadcast

    The power of podcasts and audio streaming in MENA

    The power of podcasts and audio streaming in MENA

    Tech strategies for an evolving modern MENA media ecosystem

    Tech strategies for an evolving modern MENA media ecosystem

    SMF and FOMEX bring top industry leaders together in Riyadh – Part II

    SMF and FOMEX bring top industry leaders together in Riyadh – Part IV

    SMF and FOMEX bring top industry leaders together in Riyadh – Part I

    SMF and FOMEX bring top industry leaders together in Riyadh – Part III

    SMF and FOMEX bring top industry leaders together in Riyadh – Part II

    SMF and FOMEX bring top industry leaders together in Riyadh – Part II

    SMF and FOMEX bring top industry leaders together in Riyadh – Part I

    SMF and FOMEX bring top industry leaders together in Riyadh – Part I

    Transforming the entertainment experience with tech

    Transforming the entertainment experience with tech

    Trending Tags

    • Videos
      FOR-A’s award-winning HVS-Q12: A quantum leap in switcher design

      FOR-A’s award-winning HVS-Q12: A quantum leap in switcher design

      Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

      Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

      Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

      Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

      Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

      Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

      Reema Omari

      Reema Omari on Universal Satcom’s growth and connectivity solutions

      Mustafa Afifi

      Mustafa Afifi of Rivada Space on Outernet’s impact in the Middle East

      Don

      ST Engineering iDirect CEO Don Claussen on Mideast ties and satellite strategy

      KSASummit

      Transforming Arabic Content: Studios, Producers and Regional Impact

      Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

      Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

    • Opinion
      Evision’s transformation proves that business acumen and passion drive success

      As AI shapes stories, UAE shapes the rules

      Survival of the Smartest: Cloud Playout as a Strategic Weapon

      Survival of the Smartest: Cloud Playout as a Strategic Weapon

      Bridging the Latency Gap with Broadcast in a Streaming World

      Bridging the Latency Gap with Broadcast in a Streaming World

      YouTube in Ramadan: The silent giant

      YouTube in Ramadan: The silent giant

      Evision’s transformation proves that business acumen and passion drive success

      Sport’s Growing Grip on MENA Media

      MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

      MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

      Integrate ME 2023 brings its inaugural edition to successful conclusion

      Empowering the next generation of content creation and live broadcasting with AV PRO

      Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

      Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

      Reviving cultural identity through native storytelling in Abu Dhabi

      Reviving cultural identity through native storytelling in Abu Dhabi

      Why it’s game on for broadcasters of live sport

      Why it’s game on for broadcasters of live sport

    • Interviews
      • All
      • Lounge
      Keeping AI real in the newsroom

      Keeping AI real in the newsroom

      Sand, sweat and high stakes

      Sand, sweat and high stakes

      All eyes on AIUIa

      All eyes on AIUIa

      Grass Valley scales up with software and IP workflows

      Grass Valley scales up with software and IP workflows

      Breaking barriers, building futures: The new face of IABM

      Breaking barriers, building futures: The new face of IABM

      New Leadership, Same Strategy, Sharpened Focus

      New Leadership, Same Strategy, Sharpened Focus

      Creating Captain Shedeed: A superhero with Arab roots

      Creating Captain Shedeed: A superhero with Arab roots

      UAE Pro League flips the field

      UAE Pro League flips the field

      Bringing the wild to the Middle East

      Bringing the wild to the Middle East

      Shades of success

      Shades of success

    • Products
    • Magazine Archive
      • BroadcastPro ME Magazine
      • PRO Directory
    • Events
      • News from Events
      • Upcoming Events
      DICM

      DICM

      IBC Show

      IBC 2025

      MPTS

      CABSAT2025

      CABSAT2025

      NAB Show

    No Result
    View All Result
    BroadcastPro ME
    • News
      • All
      • Analyst Reports
      • AV
      • Cinema Theatres
      • Esports
      • Film partnerships
      • International News
      • Mergers/Acquisitions
      • New appointments
      • OTT/Video Streaming
      • Podcasting
      • Production
      • Satellite/Comms
      • TV/Radio Deals
      Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

      Nigeria and Zimbabwe win top honours at Locarno’s Open Doors Awards

      Dubai to lead region’s first-ever government pavilion at Gamescom 2025

      Dubai to lead region’s first-ever government pavilion at Gamescom 2025

      Rocket Lab complete acquisition of Geost

      Rocket Lab complete acquisition of Geost

      KSGAAL plans next phase of Arabic children’s series

      KSGAAL plans next phase of Arabic children’s series

      Red Sea Labs introduces “Music for Film” programme

      Hunna launches 2025 Mentorship Programme for female Saudi musicians

      Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

      Rohde & Schwarz delivers DAB+ network for Cellnex Broadcast Partners

      Arabsat appoints Dr Badr Alsuwaidan as President and CEO

      Arabsat appoints Dr Badr Alsuwaidan as President and CEO

      Madari Space to launch first orbital data centre in 2026

      Madari Space to launch first orbital data centre in 2026

      Turkey to send twin micro rovers to Moon in China-led mission

      Turkey to send twin micro rovers to Moon in China-led mission

      Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

      Power League Gaming, TikTok and Visit Saudi team up for MENA esports broadcast

      Trending Tags

      • broadcast
      • MENA broadcast
      • ConnecTech2019
    • Tech Features
      • All
      • CASE STUDIES
      • New Media
      • REVIEWS
      • TV/Radio Deals
      • Updates from FOMEX
      • Virtual Production Series
      Breaking free from the hardware cycle: Cloud collaboration in post-production

      Breaking free from the hardware cycle: Cloud collaboration in post-production

      Playing to win

      Playing to win

      The expanding role of AI in broadcast

      The expanding role of AI in broadcast

      The power of podcasts and audio streaming in MENA

      The power of podcasts and audio streaming in MENA

      Tech strategies for an evolving modern MENA media ecosystem

      Tech strategies for an evolving modern MENA media ecosystem

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part IV

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part III

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      Transforming the entertainment experience with tech

      Transforming the entertainment experience with tech

      Trending Tags

      • Videos
        FOR-A’s award-winning HVS-Q12: A quantum leap in switcher design

        FOR-A’s award-winning HVS-Q12: A quantum leap in switcher design

        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

        Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Reema Omari

        Reema Omari on Universal Satcom’s growth and connectivity solutions

        Mustafa Afifi

        Mustafa Afifi of Rivada Space on Outernet’s impact in the Middle East

        Don

        ST Engineering iDirect CEO Don Claussen on Mideast ties and satellite strategy

        KSASummit

        Transforming Arabic Content: Studios, Producers and Regional Impact

        Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

        Bringing Real-Time Audience Insights to Linear Broadcast TV – A First and Exclusive

      • Opinion
        Evision’s transformation proves that business acumen and passion drive success

        As AI shapes stories, UAE shapes the rules

        Survival of the Smartest: Cloud Playout as a Strategic Weapon

        Survival of the Smartest: Cloud Playout as a Strategic Weapon

        Bridging the Latency Gap with Broadcast in a Streaming World

        Bridging the Latency Gap with Broadcast in a Streaming World

        YouTube in Ramadan: The silent giant

        YouTube in Ramadan: The silent giant

        Evision’s transformation proves that business acumen and passion drive success

        Sport’s Growing Grip on MENA Media

        MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

        MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

        Integrate ME 2023 brings its inaugural edition to successful conclusion

        Empowering the next generation of content creation and live broadcasting with AV PRO

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Reviving cultural identity through native storytelling in Abu Dhabi

        Reviving cultural identity through native storytelling in Abu Dhabi

        Why it’s game on for broadcasters of live sport

        Why it’s game on for broadcasters of live sport

      • Interviews
        • All
        • Lounge
        Keeping AI real in the newsroom

        Keeping AI real in the newsroom

        Sand, sweat and high stakes

        Sand, sweat and high stakes

        All eyes on AIUIa

        All eyes on AIUIa

        Grass Valley scales up with software and IP workflows

        Grass Valley scales up with software and IP workflows

        Breaking barriers, building futures: The new face of IABM

        Breaking barriers, building futures: The new face of IABM

        New Leadership, Same Strategy, Sharpened Focus

        New Leadership, Same Strategy, Sharpened Focus

        Creating Captain Shedeed: A superhero with Arab roots

        Creating Captain Shedeed: A superhero with Arab roots

        UAE Pro League flips the field

        UAE Pro League flips the field

        Bringing the wild to the Middle East

        Bringing the wild to the Middle East

        Shades of success

        Shades of success

      • Products
      • Magazine Archive
        • BroadcastPro ME Magazine
        • PRO Directory
      • Events
        • News from Events
        • Upcoming Events
        DICM

        DICM

        IBC Show

        IBC 2025

        MPTS

        CABSAT2025

        CABSAT2025

        NAB Show

      No Result
      View All Result
      BroadcastPro ME
      No Result
      View All Result
      AMT Ad ibc Ad ImagineComms Ad Nominate Now Ross Ad
      Home News Satellite/Comms

      Yahsat net income increases by 50.7% in H1 2022

      Staff Reporter by Staff Reporter
      August 9, 2022
      in Satellite/Comms
      ShareTweetPostEmail

      The company has raised its projected revenues for 2022 to at least $420m, keeping the upper end of the range unchanged at $440m.

      With revenue of $107m in Q2 2022, UAE satellite operator Yahsat’s growth momentum continued with a 6.9% year-on-year increase. This resulted in H1 22 revenue growth of 8.1% year-on-year to $206m.

      Both Managed Solutions and Mobility Solutions performed well with H1 2022 revenues increasing by 35.1% and 24.1% respectively, the company stated.

      In Q2 2022 Adjusted EBITDA of $64m increased by 3.9% year-on-year, generating a margin of 59.8%, while net income (profit attributable to the shareholders) of $25m increased by 77.9% year-on-year. On a year-to-date basis, the group recorded H1 Adjusted EBITDA growth of 5.3% and an increase in net income of 50.7%, resulting in a solid net income margin of 22.1%.

      As of June 30, 2022, the group’s contracted future revenue remained strong at more than $2.1bn, equivalent to around 5.2 times FY2021 annual revenue representing an increase of 4.1% since the start of the financial year, underpinned by the five-year $247m managed services mandate awarded by the UAE Government in February 2022.

      Commenting on the revenue, Musabbeh Al Kaabi, Chairman of Yahsat, said: “Against a backdrop of challenging global economic headwinds, we are delighted to record our highest ever first-half revenue whilst significantly growing Adjusted EBITDA and net income. This reflects the strength of our business underpinned by strong contracted future revenue and positive momentum across operating segments. In light of our strong year-to-date performance, the Board of Directors’ confidence in future cash flow generation, ability to grow the business and financial strength of the company, we are reiterating our commitment to deliver attractive shareholder returns.”

      Ali Al Hashemi, Chief Executive Officer of Yahsat, added: “Yahsat has delivered exceptional results, recording its highest-ever first-half revenue and demonstrating our performance-driven culture to deploy innovative capabilities and grow the business. Our contracted future revenue exceeds $2.10bn, equivalent to 5.2 times FY2021 annual revenue. Looking ahead, we remain on track to bring into commercial service our next generation satellite, Thuraya 4-NGS, in the second half of 2024 whilst two new satellites, Al Yah 4 and Al Yah 5, are under consideration for launch in 2026. We remain very confident in both our short-term and long-term outlook, and have accordingly increased the lower end of our revenue guidance for FY2022, whilst reiterating our commitment to pay a progressive dividend.

      We remain committed to pursuing and launching new growth opportunities across the business and we are confident that Yahsat’s robust balance sheet, business resilience and track record in delivering exceptional results will enable us to capture significant value to drive long-term growth.”

      Yahsat reiterates its commitment to grow its dividend by at least 2% per year, reflecting the Board of Directors’ confidence in the cash flow generation and overall financial strength of the business. For the financial year 2022, the total expected dividend is a minimum of 16.12 fils per share [US Cents 4.39], split into two equal installments payable around October 2022 and May 2023 respectively. This represents a total dividend payment of $107m. The company’s dividend policy is well supported by its high cash conversion (93.1% in 1H22), robust balance sheet (0.9x Net Debt/EBITDA as of 30 June 2022) and strong discretionary free cash flow (expected to be approximately two times FY2022 dividend payment).

      In view of the strong H1 22 performance, the company now raises its projected 2022 revenues to at least $420m with the upper end of the range unchanged at $440m.

      Infrastructure accounted for approximately 55% of group revenue in Q2 2022, mainly comprising a 15-year long-term Capacity Services Agreement with the UAE Government. Overall revenue remained broadly stable at $59m. The Infrastructure business offers visibility on future cash flows with contracted future revenue of approximately $1.8bn as of 30 June 2022, which includes a 15-year T4-NGS Capacity Service Agreement worth $708m that will support revenue growth from 2024 onwards.

      Managed Solutions, which contributed approximately 22% of group revenue, continued its performance with Q2 2022 revenues increasing by 41.4%, resulting in H1 revenue of $39m, an increase of 35.1% year-on-year. In Q2 2022, the business continued to build its contracted future revenues with the award of other contracts including a mandate to design and deliver advanced satellite communications for UAE Government platforms worth $8m.

      Mobility Solutions, accounting for approximately 17% of group revenue, had another successful quarter with Q2 2022 revenues up 7.8% year-on-year. H1 revenues exceeded the prior year by 24.1% with strong growth in both service and equipment revenue. Service revenue increased by 6.5% with double-digit increases across several parts of the business including Voice, Data and Intercarrier. Meanwhile, equipment revenue, which increased by 95%, continued to benefit from the three-year $86m distribution agreement secured in 2021.

      YahClick, which accounted for approximately 5% of group revenue, saw year-on-year revenue slightly down by 4.4% in H1, mainly due to the wind-down in July 2021 of a multi-year, opportunistic capacity deal that contributed $2m of revenue in H1 21. The business continued to build strong foundations for future growth with the subscriber base in the consumer broadband business growing by 11% year-to-date and by 24% compared to the same period last year, underpinned by expansion across the Africa region.

      Tags: Al Yah 4Al Yah 5Ali Al HashemiChairman of YahsatChief Executive Officer of YahsatMusabbeh Al KaabiThuraya 4-NGSYahsatYahsat 2022 revenue

      Related Posts

      Space42 reports strong financial performance

      Space42 reports strong financial performance

      February 27, 2025
      Space42 secures AED 18.7bn contract for UAE satellite and managed services

      Space42 secures AED 18.7bn contract for UAE satellite and managed services

      December 17, 2024
      Space42’s Thuraya 4 satellite reaches Kennedy Space Center launch site

      Space42’s Thuraya 4 satellite reaches Kennedy Space Center launch site

      December 10, 2024
      Space42 strengthens market accessibility with QMM appointment

      Space42 strengthens market accessibility with QMM appointment

      November 19, 2024
      Space42 reports $118.8m profit in strong nine month performance

      Space42 reports $118.8m profit in strong nine month performance

      November 13, 2024
      UAE students to visit Yahsat facilities in new Space42 education campaign

      UAE students to visit Yahsat facilities in new Space42 education campaign

      November 12, 2024

      Related News

      Space42 reports strong financial performance

      Space42 reports strong financial performance

      February 27, 2025
      Space42 secures AED 18.7bn contract for UAE satellite and managed services

      Space42 secures AED 18.7bn contract for UAE satellite and managed services

      December 17, 2024
      Yahsat selects SpaceX to launch geostationary satellites

      Yahsat selects SpaceX to launch geostationary satellites

      July 1, 2024
      Yahsat contracts Airbus for geostationary satellites Al Yah 4 and Al Yah 5

      Yahsat contracts Airbus for geostationary satellites Al Yah 4 and Al Yah 5

      June 10, 2024
      Yahsat reports strong growth in revenue for Q3 2023

      Yahsat reports strong growth in revenue for Q3 2023

      November 7, 2023
      Yahsat receives $5.1bn mandate from UAE government

      Yahsat receives $5.1bn mandate from UAE government

      September 22, 2023
      More Related News

      BroadcastPro ME

      • About
      • Advertise
      • Subscribe
      • Magazine Archive
      • Directory
      • Contact
      • Privacy

      Follow us on Social Media

      No Result
      View All Result
      • News
      • Tech Features
      • Videos
      • Opinion
      • Interviews
      • Products
      • Magazine Archive
        • BroadcastPro ME Magazine
        • PRO Directory
      • Events

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Create New Account!

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      ×