Parrot (PARRO) H1 2025 earnings summary

Executive summary

• Consolidated revenues rose 10% year-over-year to €33.6m in H1 2025, driven by a 20% increase in the professional micro-UAV segment.

• Launches of the ANAFI UKR micro-UAV range and CHUCK 3.0 Ai autopilot module marked major product innovations.

• Income from ordinary operations was negative at €(12.9)m, reflecting launch-related investments.

• Workforce increased to 451, up from 400 a year earlier, supporting new product development.

Financial highlights

• Gross margin was €25.1m (74.8% of revenues), slightly down from 82.7% in H1 2024.

• Net income (Group share) was €(14.4)m, down from €(10.1)m year-over-year.

• Operating expenses rose by €3.0m, mainly due to R&D and sales & marketing for new launches.

• Cash position at June 30, 2025 was €17.0m, down from €33.6m at year-end 2024.

• Cash consumed by operating activities increased to €13.7m from €5.9m in H1 2024.

Outlook and guidance

• Commercial adoption of new micro-UAV and autopilot solutions in H2 2025 is expected to be a key growth milestone.

• Photogrammetry segment focuses on SaaS and mobile solutions, with growth temporarily weighed by the SaaS transition.

• Cautious market outlook due to economic and geopolitical uncertainties, especially in Defense.