Operator
Welcome to the Eutelsat Full Year 2025-2026 Results Presentation. [Operator Instructions]
Now I will hand the conference over to the speaker, Jean-Francois Fallacher, Chief Executive Officer; and Sebastien Rouge, Chief Financial Officer. Please go ahead.
Jean-François Fallacher
Chief Executive Officer
Hello. Welcome, and thank you for joining us today in the middle of the summer for Eutelsat’s full year ’25-’26 results presentation. I am Jean-Francois Fallacher, the CEO of Eutelsat, and I am joined today by Sebastien Rouge, our Chief Financial Officer; and Joanna Darlington, Head of Investor Relations.
So let’s go directly to the meat of this meeting and the highlights of our year. So I want to stress that our LEO revenues were ahead of expectations, up nearly 70% year-on-year to almost EUR 300 million, and our LEO revenues are now representing 25% of group total revenues. Overall, our full year ’25-’26 results are in line with objectives. CapEx are at just under EUR 600 million, below the EUR 900 million expectations, and Sebastien will come back to that.
In March this year, we’ve added the final touch to our successful EUR 5 billion complete refinancing package with a EUR 1.5 billion bond offering, securing our midterm CapEx needs. And we also secured a major EUR 350 million call-off contract under NEXUS framework agreement with the French procurement arm of the French MOD. We also welcomed 2 weeks
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