MBF Group S.A., a company listed on the NewConnect market, is developing two complementary directions in the field of unmanned aerial systems. IRYDA+ X1 remains the platform currently being prepared for commercialisation and presentation to potential customers, while the formally launched IRYDA+ SPACE Z1 programme is intended to represent the next stage of development, based on space-enabled technologies, artificial intelligence, autonomy, satellite communications and advanced mission management.
The Company emphasises that SPACE Z1 is not intended to replace X1. The new programme is a natural consequence of the current platform reaching a stage at which commercial preparations can begin and the experience gained can be used as a foundation for the next generation of systems. MBF Group intends to follow a model in which a product that is ready today is commercialised while, in parallel, work begins on solutions that may respond to market and operational needs in the years ahead.
IRYDA+ X1 remains the most important practical element of the Company’s UAV programme at present. Work is underway to finalise technical documentation, available configurations, delivery terms, service arrangements and technical support, while one of the nearest objectives is to complete documentation required for further institutional procedures. The platform is also expected to be presented during MSPO 2026 in Kielce, and MBF Group is conducting discussions regarding potential commercial applications of X1 with entities from Poland and other European Union countries.
SPACE Z1 is intended to address a broader shift in the way modern unmanned systems are designed and assessed. Technological advantage increasingly depends not only on the performance of the aircraft itself, but also on its ability to communicate, obtain and process data, operate beyond direct line of sight and cooperate with other elements of the operational environment. For this reason, the scope being analysed for SPACE Z1 includes, among other areas, satellite and hybrid BLOS communications, encrypted telemetry, the use of satellite infrastructure and Earth observation data, EO/IR systems, edge computing, sensor fusion, AI-supported image analysis, Digital Twin technologies and resilient navigation.
MBF Group has already initiated discussions with selected Polish companies possessing competencies in space technologies, satellite communications, optics, imaging and data processing. At this stage, the names of the potential partners are not being disclosed due to the preliminary nature of the discussions, the absence of binding agreements and applicable confidentiality and compliance requirements. SPACE Z1 is intended to remain open to technology companies, universities, R&D centres and industrial partners from Poland and abroad.
An important part of the strategy is also the potential development of future production capabilities in Poland. Requirements currently being analysed for IRYDA+ X1 are expected to be expanded to include the future needs of SPACE Z1, including electronics, communications systems, optoelectronics, AI, software and research and testing infrastructure. MBF Group’s intention is, where technologically and economically justified, to locate as much production, integration and R&D competence as possible in Poland.
At the same time, the Company has announced the convening of an Extraordinary General Meeting for 14 September 2026. The agenda includes, among other matters, draft resolutions concerning an increase in share capital and the formal expansion of the Company’s business activities to include the design, production, sale, servicing, research and development of unmanned aerial vehicles and activities related to modern technologies.
One of the most notable elements of the proposed Series K share issue is the planned private offer to Radosław Majdan. According to the draft resolution, he would be offered 160,000 shares at an issue price of PLN 6.25 per share, for a total amount of exactly PLN 1,000,000. The draft also provides for a voluntary 12-month lock-up commitment, intended to underline the long-term nature of the planned investment.
Radosław Majdan had already declared his interest in a capital investment in MBF Group and the IRYDA+ X1 project. The current draft resolutions specify the proposed scale of this commitment at PLN 1 million and are intended to formalise its long-term character. From the Company’s perspective, this is an important signal that an investor known primarily from the worlds of sport and media has chosen to allocate part of his own capital to a Polish public company developing UAV, dual-use and next-generation technology projects.
The proposed share issue has not yet been completed and remains subject to the adoption of the relevant resolutions by the General Meeting and the completion of the subsequent legal and corporate procedures. The documentation prepared for the meeting indicates that proceeds from the Series K issue are intended to support the Company’s operating activities, technology and defence projects, working capital and the commercialisation costs of new ventures.
For MBF Group, these developments form part of one broader growth path: a functioning IRYDA+ X1 platform being prepared for commercial use, the launch of the next-generation SPACE Z1 programme, the search for technology partners and future production capacity in Poland, and the preparation of financing instruments for further growth. During MSPO 2026, the Company intends to present X1 as the result of work already completed, while SPACE Z1 is expected to be presented as the technological direction for the next stage. The objective is to commercialise what is ready today while simultaneously building the capabilities required for the technologies that may define the market of tomorrow.
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