Latest Satellite Communications Industry News

Beam Communications (ASX:BCC) swung from a $13.5 million loss in FY25 to a $14.3 million profit in FY26, driven by the divestment of Zoleo and a return to EBITDA profitability in its core operations. The company declared a one-off $1.2 million unfranked dividend and doubled its cash reserves to $3.7 million.

Beam Communications reported a $168K operating cash outflow in Q4FY26 due to one-off costs but underlying cashflow excluding these was positive. The company ended the quarter with $4 million cash after a capital return and is exploring asset sales and shareholder returns to reposition for growth.