CIRRUS reported unaudited interim results for the six months ended 30 June 2026.
Financial Performance • Revenue rose 24.0% year-on-year to USD 736.99 million, driven by higher aircraft deliveries and expansion of Cirrus Services. • Gross profit increased 24.2% to USD 267.00 million, maintaining a 36.2% gross margin. • Operating profit climbed 30.5% to USD 109.76 million, lifting the operating margin to 14.9% (H1 2025: 14.1%). • Net profit advanced 35.6% to USD 88.12 million, translating to basic EPS of USD 0.24. • Adjusted EBITDA was up 33.6% at USD 135.61 million, with an 18.4% margin. • Free cash flow reached USD 74.70 million after capex and intangibles.
Operational Data • 405 aircraft delivered (348 SR2X Series, 57 Vision Jet) versus 350 a year earlier. • 452 aircraft produced (388 SR2X, 64 Vision Jet) compared with 411 in H1 2025. • Backlog stood at 1,059 aircraft; net orders and reservations totalled 398 units, up from 241 a year ago. • Average selling price: SR2X at ~USD 1.20 million (H1 2025: USD 1.10 million); Vision Jet at ~USD 3.60 million (H1 2025: USD 3.50 million).
Balance Sheet and Cash Flow • Total assets grew 9.2% since end-2025 to USD 1.59 billion. • Cash and cash equivalents increased to USD 379.04 million (31 Dec 2025: USD 279.51 million). • Total liabilities rose to USD 666.28 million (31 Dec 2025: USD 576.28 million). • Gearing remained low at 1%.
Capital Allocation • A final dividend of USD 0.12 per share (USD 43.92 million) for FY 2025 was approved on 26 June 2026 and paid on 16 July 2026. • No interim dividend was declared for H1 2026.
Business Developments • February 2026 saw the launch of the Vision Jet G3, featuring over 30 enhancements. • July 2026: announcement of the TRAC10 clean-sheet training aircraft, broadening the product lineup. • Adoption of a cash-settled Long-Term Incentive Plan covering senior management and key staff. • Change of auditor from PwC to KPMG, effective 26 June 2026.
Outlook Management plans to continue expanding production capacity, enhance global service infrastructure, and pursue product upgrades to capture ongoing growth in personal aviation.