Space42’s sees strong backlog despite bottom-line dip in 2025

Space42 secures USD 6.5 bn in backlog amid bottom-line losses: Abu Dhabi-based AI-powered spacetech firm Space42 reported net income of USD 79 mn in 2025, a 40% decline y-o-y, according to its management and analysis report (pdf). The decline was primarily attributed to a one-off USD 129 mn impairment in its smart solutions segment. While consolidated revenues dipped 8% to USD 577 mn, the group’s space services division posted a record USD 452 mn in revenue, rising 6% y-o-y, driven by a 9% increase in government contracts. Growth was bolstered by the launch of the group’s Thuraya 4 Satellite, via a USD 700 mn, 15-year government contract.

Looking ahead: The group’s USD 5.1 bn contracts for its two new satellites, Al Yah 4 (launching in 2027) and Al Yah 5 (launching in 2028), are set to boost future results, helping Space42 to predict USD 300 mn in annual revenue from 4Q 2026 onwards.

Flydubai posts solid 2025 results

A good year for Flydubai: Low-cost carrier Flydubai saw a 14% y-o-y rise in its net income to AED 1.9 bn in FY 2025, while its total revenue rose 6% y-o-y to AED 13.6 bn during the same period, according to a press release.

On the operations front, Flydubai added 12 Boeing 737 aircraft to its fleet and expanded to nine new destinations. The firm’s overall network capacity also recorded a 6% boost, operating 126k flights and carrying 15.7 mn passengers. The airline also locked in its retrofit program, retrofitting eight next-generation Boeing 737-8 jets in 2025.

What’s next? The carrier expects to take delivery of 12 jets in 2026, expecting that “demand for travel remains healthy despite ongoing challenges,” CEO Ghaith Al Ghaith said.

REMEMBER- A capacity surge is coming soon. The airline made a massive 150 AirbusA321neo order late last year at the Dubai Airshow. Flydubai also placed an order with US manufacturer Boeing for 75 jets of the narrow-body 737 Max model in November.

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