UAE Space 42 profits drop 51% in H1 2026

Space 42, the UAE-based company, saw its profits decrease by 51% in the first half of 2026, reaching $18.27 million compared to $37.34 million in the same period of 2025. This decline was driven by a sharp drop in financing revenues, which fell by 94% to $851,000. Additionally, the profits for the first quarter of 2026 declined by 79%, amounting to $4.64 million versus $21.84 million in the first quarter of 2025, with financing revenues decreasing by 75% to $1.7 million. This drop in the company's profits is due to a significant decline in both revenues and financing throughout 2026.

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