Space42 reports nine-month pro forma results for 2024
Space42, an AI-powered SpaceTech company, merges Bayanat and Yahsat's strengths to offer advanced AI-powered geospatial and satellite communications solutions. An ADX-listed company [ADX: SPACE42], with G42, Mubadala and International Holding Company (IHC) as key shareholders, we drive innovation, enhance connectivity, and deliver sustainable growth and significant value for our investors.
Investment Case
Space42 was formed by merging Bayanat and Yahsat, two well-established publicly listed companies. Both have a growth legacy and strong balance sheets. Space42 leverages this and continues to grow to become a global leader in AI-powered space technology.
Upon the merger of Bayanat and Yahsat in 2024, Yahsat was delisted and Bayanat AI Plc was renamed Space42 Plc.
Bayanat Annual Report 2023 Bayanat Annual Report 2022 Bayanat Annual Report 2021 Bayanat Annual Report 2020 Bayanat Annual Report 2019Yahsat reports prior to the merger of Bayanat and Yahsat in 2024, available for information purposes.
Yahsat Annual Report 2023 Yahsat Annual Report 2022 Yahsat Annual Report 2021Sustainability
Space42 commitment to sustainability is demonstrated through our environmentally friendly practices and the promotion of renewable energy solutions, reducing our carbon footprint. Our AI-driven Yahsat Space Services and Bayanat Smart Solutions enhance operational efficiency and support sustainable development, ensuring long-term environmental stewardship and positive impact on the communities we serve.
Sustainability Reports
Archive Sustainability Reports
OceanX
In 2023, Bayanat partnered with Environment Agency - Abu Dhabi, OceanX, and M42 to enhance marine exploration and conservation. As Space42, we continue this partnership to employ advanced research technologies to gather vital marine data.
FIND OUT MOREeLearning
Our eLearning solution expands education beyond the classroom, enhancing curricula, improving teaching, and enabling real-time connections with teachers, experts, and students globally.
FIND OUT MORETelemedicine
Our Telemedicine solution upgrades healthcare by connecting specialists with patients, providing faster diagnostics and test results, and linking clinics with doctors for specialized expertise.
FIND OUT MOREGrant for Collaborative Research Programs
Bayanat, the Ministry of Education, and the Ministry of Climate Change and Environment (MoCCAE) signed an agreement to advance scientific efforts in sustainability. Space42 will continue to bolster sustainable scientific research initiatives.
FIND OUT MORE2022 Golden Globe Race
During the 2022 Golden Globe Race, Commander Abhilash Tomy collaborated with Bayanat and studied the impact of human activity on the marine environment. Throughout the race, he gathered water samples to analyze the presence of microplastics in global waters.
Results showed microplastics were present in the most remote corners of the world’s oceans. This study demonstrated that the fallout of human activity along coastlines is carried much further than was previously predicted.
Contact
For all enquiries and questions concerning investor relations, please contact us.
- T: +971 2 641 0000
- F: +971 2 641 5566
- E: ir@space42.ai
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