Latest Satellite Communications News

Beam Communications has returned $13.3 million to shareholders after completing the ZOLEO divestment, while its continuing operations moved back into profitability. The turnaround comes with a sharp revenue decline and management warning that FY27 revenue and profit will be lower than FY26.

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.

Etherstack posted a record $8.5 million in revenue for the first half of 2026, driven by strong project and support income, but statutory profit fell 67% due to front-loaded costs and higher expenses.

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.

Beam Communications (ASX:BCC) reported a modest operating cash inflow of $64K in Q3 FY26, driven by aggressive cost cuts after exiting the Zoleo business. The company’s cash pile surged to $16.4 million following the Zoleo divestment, underpinning a proposed $0.14 per share capital return.

Electro Optic Systems (ASX: EOS) wraps up a three-year turnaround, reporting a $459 million order backlog despite a 27% revenue drop. The company expands its counter-drone and space control portfolio with the acquisition of the UK-based Interceptor business and a pending deal for MARSS, a European command-and-control software provider.

Kingsland Minerals has announced breakthrough metallurgical test results from its Leliyn Graphite Project, revealing gallium recoveries up to 94%. The critical metal’s extraction potential could enhance project economics, with plans to establish a maiden gallium JORC Resource in 2026.

Beam Communications has turned around its fortunes, posting a $2 million net profit for the first half of FY26 and announcing a $12.1 million capital return following the divestment of Zoleo Inc.

Beam Communications reports a robust $4 million cash position boosted by a recent $9 million divestment of Zoleo Inc., while legacy operations maintain positive cash flow amid revenue shifts.

Beam Communications has received a US$9.03 million lump-sum payment from Roadpost, fully resolving its Zoleo divestment and dispute. This upfront cash injection accelerates value realisation and clears the way for Beam to focus on its core satellite communications business.

Beam Communications reported a robust Q1FY26 with revenue doubling quarter-on-quarter and cash reserves more than doubling, yet ongoing arbitration over its Zoleo divestment casts a shadow on its capital return plans.

Beam Communications reports a pivotal FY25 marked by the divestment of its Zoleo joint venture, unlocking significant capital and delivering improved margins despite a statutory revenue decline. The company projects positive operating cash flow and growth in FY26.