Pallas Air

Pallas Air (PALLAS) investor relations material

Pallas Air H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

H1 2026 earnings summary31 Aug, 2026

Executive summary

Revenue for H1 2026 was €2.0 million, down 39% year-over-year, reflecting challenging market conditions and production constraints due to working capital shortages.
EBITDA improved to -€0.9 million from -€1.5 million, and EBIT to -€1.6 million from -€2.8 million, driven by broad cost savings.
The company completed its planned exit from the respirator business and shifted strategic focus to data management and AI-driven solutions.
No guidance was issued for 2026.

Financial highlights

Revenue: €2,039k (H1 2025: €3,364k).
EBITDA: -€925k (H1 2025: -€1,511k), margin -45.4%.
EBIT: -€1,626k (H1 2025: -€2,799k), margin -79.7%.
Net loss: -€2,081k (H1 2025: -€3,275k).
EPS: -€1.62 (H1 2025: -€2.55).
Operating cash flow: €171k (H1 2025: -€130k).

Outlook and guidance

No financial guidance provided for 2026.
Medium-term targets: 20–25% annual revenue growth and 15% EBITDA margin by 2028, with a goal of €20–25 million annual revenue.

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