Parrot (PARRO) investor relations material

Executive summary

• Consolidated revenue reached €57.3M in H1 2026, up 71% year-over-year, driven by 134% growth in the professional micro-drones segment and international expansion.

• Net income was €2.1M, a significant turnaround from a €14.4M loss in H1 2025.

• Operational equilibrium maintained for the second consecutive semester, with operating income at €2.6M versus a €12.9M loss in H1 2025.

Financial highlights

• Revenue: €57.3M (+71% YoY); Micro-drones: €42.1M (+134% YoY); Solutions for essential infrastructures: €15.1M (-3% YoY).

• Gross margin: €40.8M (71.2% of revenue, down from 74.8% YoY).

• Operating income: €2.6M (4.5% of revenue), compared to a €12.9M loss (-38.4%) in H1 2025.

• Net income: €2.1M (3.7% of revenue), versus a €14.4M loss (-42.9%) YoY.

• Cash position: €18.8M at June 30, 2026, down from €23.0M at Dec 31, 2025.

Outlook and guidance

• Double-digit revenue growth expected in Q3 2026, supported by ongoing contract deployments and tenders.

• Anticipates increased working capital needs and cash mobilization in H2 2026 due to production ramp-up and procurement scaling.

• Transition to subscription-based models in infrastructure solutions expected to increase recurring revenues and profitability.

• Second-half performance will be measured against a higher comparison base, with large-scale tenders expected to remain irregular.

• Focus remains on commercial expansion, industrial execution, and operational performance improvement.