Navigate challenges with strategic innovations

Revenue: 1.15 billion US dollars for the fourth quarter of 2025; 4.5 billion US dollars for the entire 2025 financial year.
GAAP net income: Loss of 246 million US dollars for the fourth quarter of 2025; 575 million US dollars loss for the entire 2025 financial year.
Adapted EBITDA: 375 million US dollars for the fourth quarter of 2025 with a margin of 32.7%; 1.55 billion US dollars for the entire 2025 financial year with a margin of 34.2%.
Free Cashflow: Approx. 50 million US dollars for the fourth quarter of 2025.
Capex reduction: Reduced combined financial year 2025 and 2026 Capex by almost 300 million US dollars.
Commercial aviation: 4,030 ServiceFlugzeiten, 10%; Legend of 1,600, by 18%.
Business Aviation: More than 2,000 service flights, by 12% compared to the previous year.
Sea traffic income: 8%, as expected in the fourth quarter of 2025.
Government -Satcom income: Growth of 16%.
Dat income: For the full financial year 2025 by 11% for the fourth quarter of 2025 and 17%.
Operating cash flow: More than 900 million US dollars for the 2025 financial year, growth of over 30% compared to the 2024 financial year.
Debt management: Redeemed $ 443 million of '25 notes after the quarter; Plan to pay 300 million US dollars for Inmarsat runtime loan B during the 2026 financial year.

Appearance date: May 20, 2025

You can find the complete copy of the earnings call in the complete earnings call.

Viasat Inc (Nasdaq: VSAT) achieved the growth of new contract prices and met or exceeded its leading metrics for the 2025 financial year.
The company has successfully integrated the first Viasat-3-F1 into its global network and improved the user experience and network efficiency.
Viasat Inc (Nasdaq: VSAT) introduced several network optimization innovations and provided significant efficiency and user experience gains.
The company made considerable progress in its capital structure, reduced the capital intensity and improved financial transparency with new reporting segments.
Viasat Inc (Nasdaq: VSAT) recorded a solid double -digit growth of the operational cash flow and reduced investments by almost $ 300 million compared to the 2025 and 2026 financial year.

Viasat Inc (NASDAQ: VSAT) recorded a GAAP Netto -Lusto $ 575 million dollars for the 2025 financial year.
The company faced challenges due to capacity restrictions in the US American broadband revenue, which led to a decline in fixed services and other income by 19% compared to the previous year.
Viasat Inc (Nasdaq: VSAT) experienced slower deliveries and residues in his commercial aviation business and affected growth.
The company expects low sales growth with a flat adjusted EBITDA for the 2026 financial year with potential headwinds from macroeconomic factors.
Viasat Inc (NASDAQ: VSAT) deals with ongoing legal proceedings in connection with Ligado's bankruptcy, which could affect future cash payments and financial prospects.

Q: Can you present an update to the strategic review process for the segment for defense and advanced technologies? Is the process still continuing and how high is the expected timing? A: Mark Dankberg, Chairman and CEO: The strategic review is still underway. The business is well section and we rate its value compared to future cash flows. We also implement improvements to increase the value and competitiveness. We will update when we have material changes in our approach.

Q: What gives you confidence in the start of the early 2026 start for the Viasat-3 F2 satellite and how does this affect your EBITDA instructions? A: Mark Dankberg, Chairman and CEO: The correction measures and tests for the F2 satellite are going well, and we plan to deliver them to the homepage this summer. The financial outlook remains unchanged despite potential uncertainties of the schedule. Garrett Chase, CFO, added that the cost of the landing network was not a factor for the EBITDA instructions.

Q: Can you offer the Ligado process a timeline and potential size? A: Mark Dankberg, Chairman and CEO: The legal dispute has not yet been completed, and the public recording shows that we owe over 500 million US dollars. The bankruptcy plan intends to complete the transaction based on this amount. At this point we cannot comment on the timeline or size.

Q: How do you see Viasat's winning on the market in the next few years? A: Mark Dankberg, Chairman and CEO: Profit for us means growth, especially in the commercial aviation and seafaring markets. We focus on delivering economic solutions with a sufficient range to cover customer needs. Our strategy includes the use of our satellite capacity and the provision of tools to manage connectivity and entertainment services.

Q: What are the growth drivers for information security, cyber defense and for Space & Mission Systems companies in 2026? A: Mark Dankberg, Chairman and CEO: The growth of encryption is powered by the need for quantum -resistant solutions and refreshing mission -critical devices. In Space & Mission Systems, we see opportunities in technological integrations, optical intellectual compounds and national security applications. Our commitment to the Moonlight program of the European Space Agency is also a growth driver.

You can find the complete copy of the earnings call in the complete earnings call.

This article first appeared on Gurufocus.

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