Drone Volt: Revenue up 15% and net loss reduced to €4.6M in first half 2026
Drone Volt published its first-half accounts on September 16, 2026, marked by revenue growth and a further increase in gross margin rate. The French professional drone manufacturer is reducing its net loss to €4.6M, compared to €8.0M a year earlier, while its high-margin activities continue to gain ground.
Revenue of €4.8M and gross margin raised to 50%
In the first half of 2026, Drone Volt achieved revenue of €4.8M, up 15% compared to €4.19M in the first half of 2025. This growth is driven by activities grouped under Drone Volt Factory, Services & Academy, which bring together the group's high-margin activities and display growth of 20%. Gross margin increased by 37% over the half-year, to €2.4M. The gross margin rate reached 50% of revenue, compared to 42% in the first half of 2025 and 10% in the first half of 2024. The group notes that, in its press release of July 16, 2026, it had initially announced revenue of €4,977k and gross margin of €2,185k.
Net loss reduced to €4.6M despite increased expenses
In a context of strong activity, operating expenses excluding depreciation and provision allocations reached €4.2M, compared to €3.3M in the first half of 2025. Personnel expenses increased by €0.3 million, due to new hires, and external expenses rose by €0.6 million. Current operating result amounted to −€3.7M, compared to −€3.0M a year earlier. The half-year net result stood at −€4.6M, compared to −€8.0M in the first half of 2025, a period which included an exceptional accounting charge related to the liquidation of the Aerialtronics subsidiary. Other operating income and expenses thus amounted to −€0.7M, compared to −€4.2M a year earlier.
Minimum order of €50M over five years and sustained activity expected in second half
Drone Volt has equity of €20 million, compared to €21.5 million at the end of 2025 and €12 million on June 30, 2025. Net debt stood at €0.9 million on June 30, 2026, compared to €0.1 million at the end of 2025. Since the beginning of the financial year, the group has raised approximately €6.2 million, of which €3.85 million in the first half. For the second half, the group anticipates sustained activity, with the ramp-up of activities related to electrical lines and the continuation of the contract with Phoenix Tower International. It is also relying on the memorandum of understanding signed with Tonner Drones and on the order received from Sol.One, totaling a minimum of €50 million over five years. Drone Volt finally notes that the process for listing its shares on Nasdaq is still ongoing.
