Solid results amid external pressures

The 2025 fiscal year proved uncommonly challenging for Pilatus, shaped by highly volatile US trade tariffs, a sharp fall in the dollar exchange rate, disrupted supply chains, delivery stoppages and delays. These factors affected planning, production and financial performance.

At the same time, the company progressed key innovation and growth projects and concluded important contracts.

Pilatus reported total sales of 1.672 billion Swiss francs, operating earnings of 170 million Swiss francs and incoming orders worth 1.869 billion Swiss francs, closing the year with what it described as a solid set of results.

A total of 147 aircraft were delivered to customers: 82 PC-12s, 50 PC-24s, 14 PC-21s and one PC-7 MKX. Across the Group, 352 full-time positions were created, including 254 in Switzerland.

High demand in both Business Units

Pilatus secured several major orders in Government Aviation during the year. The Royal Netherlands Air and Space Force ordered eight PC-7 MKXs, including simulators. The French Air and Space Force followed with an order for 23 PC-7 MKXs, while the Belgian Air Force placed an order for 18 PC-7 MKXs, including training systems.

These agreements marked three first-time customers for the new PC-7 MKX Basic Trainer.

In Business Aviation, Pilatus launched the PC-12 PRO through an entirely digital presentation in March. The newly designed cockpit, described as “Powered by Garmin”, generated significant international interest, reaching over two million people and resulting in a steady stream of new orders and sustained demand.

Overall, Business Aviation experienced high demand for both the PC-12 and PC-24, although the year was also characterised by external pressures including delivery stoppages and delays.

Targeted expansion of international footprint

Pilatus undertook several strategic measures to strengthen its international presence. The merger of Pilatus Business Aircraft Ltd and Skytech, Inc. resulted in the formation of Pilatus Aircraft USA Ltd as of 31 December 2025.

In January 2026, construction began on a new sales, service and PC-12 assembly centre in Florida.

In Australia, Pilatus Australia Pty Ltd and Pilatus Training Solutions Australia Pty Ltd were merged to support further growth and improve efficiency. In Europe, the Emmen site was integrated into the production network, while the Spanish subsidiary, Pilatus Aircraft Ibérica SA, expanded its workforce to 75 employees.

These initiatives are intended to enhance supply chain robustness and increase proximity to customers.

New member of the management and Board of Directors

Bruno Cervia, previously a member of management and Deputy CEO, was elected to the Board of Directors.

Effective 1 January 2026, Igor Medici succeeded Cervia as Vice President Research & Development and joined the management team.

Markus Bucher, CEO of Pilatus, said the high volume of orders reflects customer confidence and provides reassurance for the coming years, noting that opportunities outweigh the risks despite recent turbulence.

Hansueli Loosli, Chairman of the Board of Directors, stated that 2025 underscored the importance of clear strategy and corporate stability, adding that the company concluded important contracts and advanced key future projects despite geopolitical uncertainty and fluctuating trade tariffs.