Pilatus 2025 results: revenue tops $2.0B as earnings fall amid tariffs

Pilatus Aircraft said volatile US trade tariffs, a sharp fall in the dollar and supply-chain disruption weighed on its 2025 performance, pushing operating earnings lower even as sales inched higher and the order book remained close to $3.6 billion. 

The Swiss manufacturer reported total sales of $2.02 billion in 2025, operating earnings (EBIT) of $205 million, and incoming orders worth $2.25 billion. 

Despite a lower order intake than in 2024, Pilatus said it closed 2025 with a continuing high volume of orders in hand, underpinning its outlook for the coming years. The company’s year-end backlog stood at approximately $3.57 billion. 

Deliveries fall to 147 aircraft as PC-21 output rises 

Pilatus delivered 147 aircraft during the year: 82 PC-12s, 50 PC-24s, 14 PC-21s and one PC-7 MKX. The delivery total slipped compared with 2024, when the manufacturer handed over 153 aircraft, driven primarily by a drop in PC-12 deliveries. 

In its annual update, Pilatus linked 2025 planning and production challenges to disrupted supply chains, delivery stoppages and delays, alongside tariff volatility and currency pressure. 

Pilatus’ US exposure has been in focus since August 2025, when it temporarily halted PC-12 and PC-24 deliveries to the United States after a 39% tariff on Swiss goods. The company said the measure created a major competitive disadvantage. 

At the same time, Pilatus has continued to expand its North American footprint. It merged Pilatus Business Aircraft and Skytech, into Pilatus Aircraft USA as of December 31, 2025. The manufacturer also began construction work in January 2026 on a new Florida sales, service, and PC-12 assembly center. 

PC-7 MKX demand grows in Europe 

PilatusThe PC-7 MKX also advanced through key certification steps in 2025. Swiss authorities certified its new avionics suite in June 2025, while the ejection seat, oxygen and environmental control systems were validated between 2024 and mid-2025. Pilatus said the basic configuration of the aircraft is now fully certified  

The milestone comes along new contracts with the Royal Netherlands Air and Space Force, France and Belgium for the PC-7 MKX. 

In February 2025, the Royal Netherlands Air Force became the launch customer for the PC-7 MKX, ordering aircraft, four flight simulators, and accompanying ground-based training systems.    

In March 2025, Pilatus secured a French order for PC-7 MKX aircraft to be operated by Babcock International France Aviation. While France’s DGA announcement around the Mentor 2 program referred to a fleet of 22 aircraft, with deliveries set to begin in 2027, the financial report mentions 23 trainer planes. 

Belgium’s 18-aircraft order was approved in late November 2025, alongside a 20-year service contract and a ground-based training system, with deliveries scheduled to start in 2027 and training expected to begin in 2028. 

PC-12 PRO secures global certification wave 

Pilatus 2025 also marked a key certification year for the PC-12 PRO. Following initial approval at the end of 2024, both the European Union Aviation Safety Agency (EASA) and the US Federal Aviation Administration (FAA) granted certification in July 2025. Additional approvals were secured in Australia, Great Britain, South Africa and Mexico, allowing the aircraft to enter service across key global markets  

Pilatus said final certification of the PC-12 PRO’s Safety Autoland system is expected in the first half of 2026. The system can automatically take control of the aircraft if the pilot becomes incapacitated, communicate with air traffic control and fly the aircraft to a suitable airport while accounting for terrain and weather conditions. The post Pilatus 2025 results: revenue tops $2.0B as earnings fall amid tariffs appeared first on AeroTime.

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