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Primoco UAV: industrial aircraft and a listed manufacturer's customer record

Primoco’s audited revenue, employee average, One150 business and 2026 delivery outlook, with factory plans and customer advances separated from realised sales.

In this article
  1. Who owns Primoco UAV?
  2. Revenue and employees on a defined basis
  3. The aircraft and the service package
  4. Delivery timing is central to the 2026 outlook
  5. Training infrastructure is already a separate milestone
  6. The factory remains a future investment
  7. A named commercial application with T-Mobile
  8. What to monitor next
  9. Sources & evidence

Primoco UAV is a Czech manufacturer whose One 150 aircraft business can be examined through public financial statements as well as product announcements. For defence suppliers, that disclosure is useful: it separates customer revenue from orders still awaiting delivery and investment plans still awaiting construction. The company is also building training and operational services around the aircraft, making its commercial offer broader than an airframe sale.

As of 7 September 2026, the most recent financial reference is its unaudited report for the first half of 2026, published on 31 August. Read together with the audited 2025 accounts, it shows a company preparing for larger delivery volumes while remaining sensitive to the timing of customer handovers.

Who owns Primoco UAV?

Primoco UAV SE is listed on the Prague Stock Exchange. Its issuer information identifies the company under Czech registration number 03794393 and lists its registered office in Prague. The public share identifier is ISIN CZ0005135970, with PRIUA used as a trading ticker. Primoco issuer information.

The 2025 annual report identifies Primoco Capital as the direct controlling shareholder with a 50.4% interest, and Ladislav Semetkovský as Primoco Capital's sole shareholder. It also identifies Primoco UAV Defence as the manufacturer's wholly owned subsidiary. Annual report, corporate relationships.

The distinction between the listed manufacturer and its sales subsidiary matters to business development. An organisation proposing manufacturing equipment should not assume that the entity selling aircraft to end customers is the entity procuring every industrial input. Before discussing payment or support responsibilities, establish which group company would actually sign the agreement.

Revenue and employees on a defined basis

The audited consolidated accounts report 2025 revenue from customer contracts of CZK389.294 million, compared with CZK444.387 million in 2024. Net profit was CZK104.149 million. These figures cover the group and the full calendar year; they are not an aircraft order backlog or a forecast for 2026. Annual financial statements, page29.

For January–June 2026, the unaudited consolidated statements report customer revenue of CZK101.199 million and profit of CZK29.794 million. The personnel note gives an average of 42 employees and key management members for the group over that half-year. BDI uses that defined average in its company facts, rather than presenting it as a count on publication day. Half-year report, pages18 and45.

This reporting basis makes comparisons more useful. A half-year average that includes key management is not directly interchangeable with another supplier's current employee count or a recruitment website's estimate. Likewise, a company with occasional large deliveries can show a different quarterly pattern from a business earning steady service income, even when both have substantial customer commitments.

The aircraft and the service package

Primoco presents One 150 as its central aircraft product and offers related aviation services. Its investor page describes applications including infrastructure monitoring, border and coastal work, and airport equipment calibration. Those are the manufacturer's descriptions of intended and reported markets, rather than a disclosed contract for each application. Company business overview.

For buyers, the commercial specification should distinguish the aircraft, ground equipment, sensors, training and continuing support. A published aircraft quantity does not reveal the price allocated to those elements. Two awards with the same number of airframes may therefore have materially different values and obligations.

The subsidiary structure gives another reason to avoid double counting. The 2026 interim report says end-customer aircraft sales are made through Primoco UAV Defence. Internal transactions between that subsidiary and the manufacturer are not additional external demand to add on top of consolidated customer revenue. Interim report, related-party disclosure.

BDI's Delair profile offers a comparison with another European aircraft supplier. The useful comparison concerns delivery scope, support and disclosed customer evidence. It does not require assuming that every aircraft manufacturer addresses the same mission or procurement route.

Delivery timing is central to the 2026 outlook

In its 31 August update, management forecast consolidated 2026 revenue of CZK900 million to CZK1 billion and EBITDA of CZK225–300 million. It expected 30 aircraft for European customers to be handed over in the second half. These are management's forward-looking expectations, distinct from the first-half results. August shareholder update.

The interim financial notes report CZK462.399 million of contract liabilities at 30 June, described as customer advances for aircraft purchases. Advances are useful evidence of customer commitments, but they remain different from completed deliveries and recognised revenue. Interim report, customer contract balances.

A supplier assessing Primoco's purchasing needs should follow the delivery calendar and the timing of materials, installation and support work. Annualising one quarter would miss the concentration of activity that management describes. Equally, treating every expected second-half handover as already completed would erase the remaining execution risk.

Our coverage of Amprius orders and manufacturing capacity addresses a related distinction in the supply chain. Orders can support planning, while customer acceptance determines a later stage of the commercial record. Neither stage should disappear into a single growth headline.

Training infrastructure is already a separate milestone

On 16 June 2026, Primoco announced the opening of its training centre at Písek–Krašovice airport. The company described facilities for military, security, rescue and civilian customers, linking training with its manufacturing and operating business. BDI treats the opening as a company-reported event; it does not independently endorse the release's claims of global uniqueness. Training centre opening.

This is a tangible addition to the offer that a prospective customer can investigate. The commercial questions concern course availability, which aircraft and customer requirements the training covers, and whether support is bundled with delivery or priced separately. For partners, training and maintenance capacity may influence how quickly a manufacturer can convert a delivered aircraft into a usable customer service.

The factory remains a future investment

The August update says a building permit was obtained in April, a general contractor was being selected and construction was planned to begin in January 2027. It sets out approximately CZK500 million for construction and CZK100 million for production equipment. Management also reported moving to new Prague-Modřany offices while retaining the Radotín site for manufacturing. Current infrastructure update.

The procurement opportunity for an equipment supplier is therefore different from an announcement that a finished factory is already operating at its intended output. Contractor selection, construction, equipment commissioning and production acceptance are separate events. Tracking them individually provides a more useful view of when a proposal might be relevant and when additional aircraft capacity could become available.

A named commercial application with T-Mobile

Primoco's 18 June release describes working with T-Mobile Czech Republic to provide temporary mobile coverage during a running event in Brdy. It reports the use of two aircraft and presents the deployment as part of a broader telecommunications development effort. The announcement does not disclose a contract value or establish a national emergency-service purchase. Primoco and T-Mobile deployment.

For market tracking, the named partner and event are more valuable than an unqualified claim that the aircraft serves the telecommunications sector. The next commercial evidence would be a repeat customer agreement, a defined service scope or a disclosed procurement decision. That is how a demonstration record becomes an identifiable market relationship.

What to monitor next

Management's August update also disclosed a shareholder challenge to the validity of the January general meeting. This profile makes no prediction about that dispute's outcome. The immediate operating questions remain the completion of expected deliveries, the factory timetable and newer financial disclosures. Company shareholder update.

Primoco offers a relatively clear public basis for following those developments. Its opportunity is to turn a wider industrial and service organisation into sustained customer delivery. For suppliers, the strongest approach connects a specific contribution to that expansion and keeps forecasts, advances, accepted aircraft and realised revenue in separate records.

Sources & evidence

  1. Primoco issuer informationPrimoco UAV
  2. Annual report, corporate relationshipsPrimoco UAV
  3. Half-year report, pages18 and45Primoco UAV
  4. August shareholder updatePrimoco UAV
  5. Training centre openingPrimoco UAV
  6. Primoco and T-Mobile deploymentPrimoco UAV

Primary issuer, annual report relevant financial/ownership/recognition pages and interim report financial/personnel/related-party notes read7September2026; public PDFs retained and key tables visually inspected. FY2025 revenue389294000CZK is audited consolidated customer revenue, not parent revenue or other income. Workforce42 is H12026 average group employees and key managers, not point count. Current H1 ownership reconfirms Primoco Capital50.4%. Sales subsidiary internal transactions excluded from external revenue. August31 guidance and30H2aircraft future; January2027factory start supersedes earlier schedules. June16training opening distinct factory. TMobile named event notgovernmentaward. Shareholder challenge attributed no outcome asserted. Public investor text obtained without submitting identity attestation; no securities recommendation.

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