Tonner Drones concludes transition year with €1.1M net profit Paris, February 24th, 2026, 18:30, Tonner Drones (’the Company’) is pleased to announce its 2025 results. The year ended with a net profit of €1.1 million. Furthermore, equity was strengthened by more than €6 million, allowing the company to report positive equity. Tonner Drones had a successful year, completing its reorganization and refinancing. The company is pleased to announce that it has succeeded in its plan to prepare for renewed growth. ...

Core Viewpoint - Tonner Drones has secured a strategic investment in SpaceX, aiming to diversify its asset base and capture value in high-growth technological sectors [1][2][3]. Group 1: Investment Strategy - The investment in SpaceX is funded through a strategic reallocation of €1.25 million from the sale of Tonner Drones' stake in Donecle, allowing the company to leverage its liquidity [3]. - This investment marks a significant milestone in the company's strategy to transition from financial stabilization to growth and portfolio optimization [2][6]. Group 2: SpaceX Overview - SpaceX is a leading aerospace manufacturer and space transport provider, dominating the global launch market with its Falcon and Starship platforms [4]. - The company also provides high-speed connectivity worldwide through its Starlink constellation, which is essential for deep-space exploration infrastructure [4]. Group 3: Future Outlook - Tonner Drones anticipates a potential IPO for SpaceX, which is expected to be a major catalyst for the valuation of its investment [5]. - The investment complements Tonner Drones' existing portfolio in the drone sector, which includes stakes in Elistair, Donecle, and Diodon, along with ongoing R&D in warehouse inventory management solutions [5][6].

Core Insights - Major shareholders of Tonner Drones have significantly increased their stakes, indicating strong confidence in the company's turnaround and growth strategy [1][2][3] Shareholder Activity - Two major shareholders have doubled their stakes, with one increasing from 10 million shares to 20 million shares and the other raising its stake from over 5% to more than 10%, equating to 62 million shares [8] - Combined with the 12.5% stake held by CEO D.M. van den Ouden, over 25% of the company's share capital is now held by long-term investors [2][3] Management and Strategic Investor Confidence - The consolidation of shares by management and strategic investors reflects their belief in the successful execution of the financial turnaround and growth strategy in the drone sector [3][4] - The CEO emphasized that the commitment from major shareholders provides stability and confidence to pursue the company's ambitions [4] Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers like Elistair and Donecle [5] - The company's strategy focuses on increasing the value of its shareholdings through active asset management and generating additional revenues from royalties on patents [5]

Core Insights - Tonner Drones highlights a significant operational milestone achieved by Elistair, a strategic participation in which the company holds approximately 10% of the capital and a seat on the Board of Directors [1] Group 1: Project Pendragon - Elistair successfully participated in field tests for Projet Pendragon, a high-profile initiative led by the AMIAD and CCF, demonstrating the integration of Elistair's Khronos DroneBox with H2X-Defense's Hermione UGV [2] - The technical evaluation confirmed that the combined system offers a tactical advantage, with the UGV providing mobility and ground-level vision, while the Khronos tethered drone offers persistent aerial surveillance at altitudes of up to 60 meters [3] Group 2: Strategic Communication - This update follows a communication strategy initiated by Tonner Drones in December 2025, focusing on the growth of its participation in Diodon, with 2026 positioned as a year of growth [4] - The CEO emphasized Elistair's success in Projet Pendragon as a demonstration of its position as a Tier-1 partner for French defense innovation, linking the valuation of Tonner Drones to the capabilities of its strategic participations [5] Group 3: Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers like Elistair and Donecle, aiming to increase the value of its shareholdings through active asset management [6] - The company does not plan to own a factory but is committed to retaining R&D for its products and systems in France, utilizing an active strategy to manage its treasury [6]

Core Viewpoint - Tonner Drones' CEO, Diede van den Ouden, is increasing his shareholding in the company, reflecting confidence in its future and financial situation [1][3]. Group 1: Shareholding and BSA Details - CEO van den Ouden will exercise 7,414,988 BSA 2025-1 for 3,707,494 shares at a price of €0.029, increasing his stake to over 12% [2]. - The maturity date for the BSA 2025-1 is set for January 9, 2026, which is also the last trading day for these BSAs [2]. Group 2: Financial Performance and Strategy - The company has made significant investments and recently sold a €1.25 million stake in Donecle, indicating strong historical assets in the drone sector [3]. - Tonner Drones focuses on developing technologies for the logistics sector and holds stakes in promising French drone manufacturers, aiming to enhance the value of these investments through active asset management [4]. Group 3: Company Operations - Tonner Drones does not plan to own a factory but intends to retain R&D for its products and systems in France, while managing its treasury actively [4].

Core Insights - Tonner Drones has signed a contract to sell part of its shareholding in Donecle, expecting to receive approximately €1.25 million in early 2026, while maintaining a 5% stake in Donecle due to positive future expectations [1][2] - The transaction will result in a book gain for Tonner Drones, strengthening its equity, as Donecle's current book value is less than €20,000 in Tonner Drones' financial statements [1] - The company is optimistic about its assets, including Donecle, Elistair, and Diodon, and plans to focus on growth and profitability in 2026 [2] Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers like Elistair and Donecle [3] - The company's strategy involves increasing the value of its shareholdings through active asset management and generating additional revenues from patents [3] - Tonner Drones does not plan to own a factory but aims to retain R&D for its products and systems in France, employing an active treasury management strategy [3]

Core Viewpoint - Tonner Drones has signed a contract to sell part of its shareholding in Donecle for approximately €1.25 million, aiming to maintain a 5% stake in the company due to positive future expectations [1][2]. Group 1: Financial Impact - The sale will result in a book gain for Tonner Drones, strengthening its equity position [1]. - Donecle's current book value is reported to be less than €20,000 in Tonner Drones' financial statements [1]. Group 2: Strategic Outlook - The transaction is seen as a step forward in the development of Tonner Drones and enhances its financial position [2]. - The company maintains a positive outlook for its assets, including Donecle, Elistair, and Diodon, particularly in the context of the current dynamics in the drone sector [2]. - Tonner Drones plans to focus on further growth and profitability in 2026 [2]. Group 3: Company Profile - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers [3]. - The company's strategy involves increasing the value of its shareholdings through active asset management and generating additional revenues from patents [3]. - Tonner Drones does not intend to own a factory but is committed to retaining R&D in France [3].

Core Insights - Diodon Drone, a subsidiary of Tonner Drones, is on a confirmed growth trajectory, projecting over 60% revenue growth by 2025 and aiming for 100% growth by 2026, driven by larger contracts and a strong order book [2][3] - Tonner Drones is in a stronger financial position and is considering increasing its stake in Diodon Drone due to its robust performance and positive future expectations [3][4] - The company has made strategic investments, including approximately €2.3 million and €1.1 million in two French industrial companies focused on the drone and defense sectors [6] Company Developments - Diodon Drone was founded in 2017 and specializes in waterproof aerial drones for reconnaissance, surveillance, and inspection in maritime and coastal environments, initially catering to French special forces [1] - Tonner Drones has completed restructuring and refinancing efforts, allowing it to focus on strategic investments in the growing drone sector [4] - The company is also investing in MyHotelMatch, aiming to support its turnaround and explore opportunities in real estate, the drone sector, and cryptocurrency [5] Financial Performance - Tonner Drones achieved a positive financial result in H1 2025 as a result of its investment and treasury strategy [6] - Diodon Drone is expected to reach profitability in 2026 if it meets its revenue growth targets [2] Strategic Focus - Collaborating in the drone sector is now a key priority for Tonner Drones, which aims to capitalize on the positive dynamics and expansion within this industry [4][7] - Tonner Drones' strategy includes active asset management to increase the value of its stakes in promising French drone manufacturers [8]

Core Insights - Tonner Drones successfully issued a €2.5 million bond, marking a significant step in its growth strategy following a recent restructuring and refinancing process [2][3] - The bond has a maturity date of December 31, 2027, with a 4% interest rate and includes warrants for bondholders, indicating a strategic move to enhance shareholder value [3][4] Company Overview - Tonner Drones specializes in developing technologies for the logistics sector and holds stakes in promising French drone manufacturers such as Elistair and Donecle [4] - The company's strategy focuses on increasing the value of its shareholdings through active asset management and generating additional revenue from royalties on patents [4] Financial Details - The bond issued will be reimbursed in cash and will bear a 4% interest rate, with bondholders receiving warrants equivalent to the bond amount [3][8] - The exercise price for the warrants is set at €0.03, representing an 11% premium to the 10-day volume-weighted average price (VWAP) [3][10] Management Commentary - The CEO of Tonner Drones expressed excitement about the company's development, highlighting the recognition of its values and expertise in the market [3] - The CEO also mentioned that the company now has a substantial cash reserve to be deployed strategically for optimal shareholder value [3]

Core Insights - Tonner Drones has welcomed two reference shareholders and announced a strategic investment in MyHotelMatch (MHM) to drive growth and value creation for shareholders [1][2][10] Shareholder Developments - A shareholder has reported owning over 5% of Tonner Drones' shares, while another supportive shareholder is looking to increase their stake to potentially 5% [1][6] - The recent capital increase attracted an investor interested in acquiring a 5% equity position, with plans to purchase more shares to reach approximately 10 million shares [7][8] - The investor is committing €560,000 in a regular bond with a 2% interest rate, maturing on December 31, 2026, and will receive 40 million BSA with a strike price of €0.028 [8] Investment in MyHotelMatch - Tonner Drones is investing in MHM, which is currently an empty shell, to help restructure its debt and develop new business opportunities [2][3] - The company sees significant potential in MHM, considering strategic directions such as enhancing its core real estate business and exploring opportunities in the drone sector and cryptocurrency [3][4] Management and Governance - Following discussions with MHM's management, Tonner Drones plans to propose a new board of directors and appoint a new CEO during the upcoming Shareholders Meeting [4] - CEO van den Ouden is expected to serve as temporary CEO during the transition phase [4] Financial Transactions - Tonner Drones intends to transfer assets valued at €1.5 million to itself at a cost price of €500,000, resulting in ownership of €2.75 million in debt and ORA in MHM at a cost of €1 million [5] - The dilution for current shareholders due to the new investment and bond issuance is estimated to be around 6.7% [8] Company Strategy - Tonner Drones aims to create value through active asset management and does not plan to own a factory, focusing instead on R&D in France [11]