Provide satellite communication services.
Gilat Telecom ended 2025 with what looks like a real economic turn, wider margins, a profitable ISP activity, and a cleaner balance sheet, but the thesis still depends on turning the early-2026 order wave into repeatable revenue and cash.
Gilat Telecom's IRU asset already looks like a real cost and capacity lever inside the ISP business, but by the end of 2025 it still proves improved earnings potential more than a fully demonstrated profit moat.
The January to March 2026 order flow looks diversified at headline level, but most of the disclosed visibility still rests on one Israeli customer and on a cumulative extension chain.
Gilat Telecom entered 2026 with a much cleaner capital structure, but real capital flexibility is still narrower than the headline suggests because the gap between USD 29.7 million of liquidity and only USD 7.3 million of year-end net financial asset remains wide, while the USD…
