Photo: Gilat

Gilat Satellite Networks anticipates strong revenue growth in the coming year, projecting its revenue growth for 2025 between 36% and 49%. Gilat released its full-year 2024 financial results on Feb. 12, along with guidance predicting revenues between $415 million to $455 million for 2025.

Gilat reported $305 million in revenue for 2024, a 15% increase from the previous year. The company also reported a GAAP net income of $24.8 million, compared to the $23.5 million reported in 2023. 

Adi Sfadia, Gilat’s CEO, said the company is “poised for significant growth” as it expands its portfolio. One reason for Gilat’s expected revenue increase is the closing of the Stellar Blu acquisition in January to increase its position in the in-flight connectivity (IFC) market. Gilat also plans to increase investment in the research and development, sales, and marketing departments of the defense market, with a focus on the DoD. 

“Coupled with our recent acquisitions and positioning in the satcom market, Gilat has the resource base to scale the IFC and defense businesses and our track record of profitable, cash generating growth, provides a strong foundation for Gilat’s continued success,” said Sfadia.

The company also announced a new organizational structure for 2025, focusing on three divisions: Gilat Defense, Gilat Commercial and Gilat Peru. The Gilat Defense division focuses on solutions for military and government agencies, leveraging technologies from Gilat, Gilat DataPath and Gilat Wavestream. The Gilat Commercial division offers broadband satellite networks for in-flight connectivity, enterprise and cellular backhaul, while the Gilat Peru division specializes in end-to-end telco solutions, including terrestrial and satellite network projects in the region.