The Board of Directors of Avio SpA yesterday reviewed and approved the first half 2026 results

Highlights

Net Revenues and EBITDA recorded double-digit growth on a half-year basis for the fourth consecutive year

Advent to invest approx. EUR 110 million to support Avio's expansion in Italy and the United States

First Vega C launch successfully completed by Avio as new Launch Service Operator

Rapid Ariane 6 cadence increase fuels P160C production rate

Liquid propulsion demonstrator integration completed, to be ground-tested in 2026

Growth of the defense business: first-half orders supported by new contracts with MBDA and in the United States

Economic and financial results

Order backlog: EUR 2,048 million (-5.4% vs December 2025)

Net Revenues: EUR 276.0 million (+17.5% vs 1H 2025)

EBITDA Reported: EUR 11.9 million (+19.1% vs 1H 2025)

EBITDA Adjusted: EUR 12.2 million (+7.3% vs 1H 2025)

EBIT Reported: EUR 1.2 million (+1.2 million vs 1H 2025)

EBIT Adjusted: EUR 1.5 million (+0.1 million vs 1H 2025)

Net Income: EUR 9.2 million (+9.3 million vs 1H 2025)

Net Financial Position: EUR 535.7 million (-56 million vs December 2025)

Guidance 2026 confirmed

Order backlog: EUR 2,000 – 2,100 million

Net Revenues: EUR 560 – 590 million

EBITDA Reported: EUR 27 – 35 million

EBITDA Adjusted: EUR 29 – 37 million

Net Income: EUR 8 – 13 million.