MBF Group
MBF Group S.A. is a Polish publicly listed (NewConnect) hybrid brokerage and technology company that trades bulk commodities (sugar, urea, oils), supplies G.657.A2 optical fiber, and develops UAV platforms (IRYDA+ X1) and counter-drone systems for telecom, industrial, and defense customers.
- Company typePublic
- Founded2011
- HeadquartersWarsaw, Poland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MBF Group does
MBF Group Spółka Akcyjna is a Polish public company headquartered in Warsaw, listed on the NewConnect market since February 2, 2012, with a registered share capital of PLN 7,975,000. The company operates as a hybrid wholesale broker and technology developer under the 'Commerce Technology Security' positioning, spanning three pillars: commodity trading, optical fiber supply, and defense/Aerospace technology development.
The commodity trading business brokers bulk agricultural and chemical products — including ICUMSA sugar, urea, AdBlue, unrefined and vegetable oils, and other agricultural goods — to industrial customers, trading houses, and manufacturers, with per-transaction pricing negotiated on volume, quality, and delivery terms. The technology portfolio centers on the IRYDA+ X1 UAV platform, which reached TRL 7 in July 2026 and entered commercialization; the related IRYDA Plus and MALLARD Cargo UAV projects; the ARES Trainer military simulator; counter-UAS (C-UAS) and loitering munitions technology focus; and a MILITARIA segment for defense products. In May 2026, the company launched wholesale G.657.A2 bend-resistant single-mode optical fiber for telecom, FPV drone, unmanned systems, and military applications, sourcing from manufacturers including Hongan Group and Hengtong Group.
MBF Group generates revenue through transaction fees on commodity brokerage, hardware sales and service contracts on defense technology products, and unit pricing on optical fiber — both spot and long-term supply contracts. GTM is direct B2B sales to enterprises, telecom operators, cable manufacturers, drone integrators, and defense institutions, supported by a 13-language website and a 30+ partner ecosystem that includes PCO PGZ (Polish Armaments Group), Spider UAV, Arka Aerospace, and Rohde & Schwarz. The company is regulated under MAR (EU Regulation 596/2014), files ESPI/EBI reports, and was recognized as a Diamenty Forbes 2026 laureate.
MBF Group firmographics
Firmographics- Name
- MBF Group
- Legal name
- MBF Group Spółka Akcyjna
- Website
- https://mbfgroup.pl
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MBF Group S.A. is a Polish publicly listed (NewConnect) hybrid brokerage and technology company that trades bulk commodities (sugar, urea, oils), supplies G.657.A2 optical fiber, and develops UAV platforms (IRYDA+ X1) and counter-drone systems for telecom, industrial, and defense customers.
- Ownership category
- akta.pro rank
Where MBF Group is headquartered
LocationHeadquarters
- HQ city
- Warsaw
- HQ country
- Poland
- HQ region
- Europe
Offices2 records
Markets served
MBF Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Commodity Trading (Wholesale): Wholesale trade of commodities including ICUMSA sugar, urea (including AdBlue), unrefined oils, vegetable oils, and agricultural products. The company acts as a broker and facilitator in international commodity markets, providing bulk supply, logistics, documentation, and quality control for industrial customers.
- Technology Development & Commercialization: Development and eventual commercialization of proprietary UAV platforms (IRYDA Plus, IRYDA Plus X1, MALLARD Cargo), defense/military products (ARES Trainer, militraria), and optical fiber supply solutions. Revenue expected from technology product sales, licensing, and service contracts as platforms reach commercialization stages.
- Optical Fiber Wholesale Supply: Wholesale supply of G.657.A2 optical fiber to telecommunications, infrastructure, industrial, drone, and defense sector customers. Both spot deliveries and long-term supply contracts are offered. Pricing and terms are negotiated individually based on volume, delivery model, production availability, and quality requirements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Spot Purchases – individual one-time optical fiber orders |
| Unit Pricing | Multi-year contract | Long-Term Supply Contracts – recurring bulk optical fiber procurement |
| Unit Pricing | Pay-as-you-go | Commodity Trading – bulk agricultural and chemical commodities |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
MBF Group product offering
Product offeringCore offering
MBF Group S.A. is a Polish publicly listed company that operates two core businesses: (1) international wholesale brokerage and trading of bulk commodities including ICUMSA sugar, urea, AdBlue, unrefined and vegetable oils, and agricultural products, with full documentation, quality control, and logistics support; and (2) development and commercialization of defense and unmanned systems technology, including the IRYDA+ X1 UAV platform (which reached TRL 7 in July 2026), the MALLARD Cargo UAV, C-UAS counter-drone systems, ARES military trainer, MILITARIA defense products, and wholesale supply of G.657.A2 bend-resistant single-mode optical fiber for telecom, drone, and military applications.
Product overview
MBF Group operates as a diversified company combining commodity trading (sugar, urea, AdBlue, vegetable oils, agricultural products) with technology development in UAV and defense sectors. The technology portfolio centers on IRYDA Plus/IRYDA+ X1 UAV platforms (reaching TRL 7 commercialization stage), ARES military trainer simulation, and MALLARD Cargo unmanned logistics systems, alongside G.657.A2 bend-resistant optical fiber for telecommunications and military drone applications. The company also maintains a MILITARIA segment and offers advisory services through MBF Advisory Alliance. The commercial trading arm handles bulk commodities while the technology division focuses on unmanned systems, counter-UAS (C-UAS), and fiber optic solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- IRYDA+ X1 UAV (Unmanned Aerial Vehicle) platform for military and defense applications, reaching TRL 7 and entering the commercialization phase in July 2026; designed for autonomous operations and modern battlefield use cases.
- IRYDA Plus UAV platform project in the IRYDA unmanned aerial systems technology family developed by MBF Group.
- ARES Trainer Military training simulator for combat training and simulation exercises.
- MALLARD Cargo Cargo UAV project for logistics and transport applications using unmanned aerial systems.
- MBF Advisory Alliance Advisory alliance service providing business consulting and strategic support.
- MILITARIA Military equipment and supplies segment covering arms, ammunition, and defense-related military products.
- G.657.A2 Optical Fiber Bend-resistant single-mode optical fiber (ITU-T G.657.A2 compliant, 1260-1626 nm band, bending radius down to 7.5 mm, attenuation as low as 0.21 dB/km at 1550 nm) supplied in rolls up to 50.4 km for telecommunications FTTH/FTTx networks, FPV drone cabling, unmanned systems, and military communication infrastructure.
- ICUMSA Sugar White sugar traded under ICUMSA standards for wholesale commercial distribution to industrial buyers, traders, and manufacturers.
- Urea | AdBlue Urea and AdBlue (diesel exhaust fluid) products supplied wholesale for agricultural and industrial applications.
- Unrefined Oil | Vegetable Oil Unrefined oils and vegetable oils for industrial processing and trading customers.
- Agricultural Products Various agricultural products supplied through wholesale commercial trading channels.
Quantifiable outcome
- IRYDA+ X1 reached TRL 7, entering commercialization phase (July 2026)
- +2 more outcomes
Companies that use MBF Group
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
MBF Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MBF Group partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered supporting, core and minor.
- Hongan GroupsupportingOne of the fiber optic manufacturers from which MBF Group analyzes the supply of G.657.A2 optical fiber. Hongan Group is an entity in the optical fiber and fiber optic solutions market, with technical documentation serving as a basis for verifying product parameters prior to transactions.
- Hengtong GroupsupportingOne of the fiber optic manufacturers from which MBF Group analyzes the supply of G.657.A2 optical fiber. Hengtong Group operates in the optical fiber market, providing technical documentation and product specifications for verification purposes.
- PCO PGZcoreListed as a portfolio partner/contractor of MBF Group. PCO PGZ is a Polish Armaments Group company (Polska Grupa Zbrojeniowa), the largest Polish defense industry conglomerate, suggesting a core strategic relationship in the defense and military technology sector.
- Politechnika Lwowska (Lviv Polytechnic National University)supportingListed as a portfolio partner/contractor of MBF Group. Lviv Polytechnic National University is a leading Ukrainian technical university, suggesting a partnership related to UAV technology development, research, or talent.
- Arka AerospacecoreListed as a portfolio partner/contractor of MBF Group, operating in the aerospace sector. Likely a key partner in the UAV technology development ecosystem.
- Spider UAVcoreListed as a portfolio partner/contractor of MBF Group, specializing in UAV (Unmanned Aerial Vehicle) technology. Core partner in the UAV platform development ecosystem.
- AerobotsupportingListed as a portfolio partner/contractor of MBF Group in the aerospace/aerobotics sector.
- Shark AviationsupportingListed as a portfolio partner/contractor of MBF Group in the aviation sector.
- Adm WorksminorListed as a portfolio partner/contractor of MBF Group.
- Al Ali HoldingssupportingListed as a portfolio partner/contractor of MBF Group, potentially serving as a regional distribution or trading partner.
- Penpet PetrochemicalsupportingListed as a portfolio partner/contractor of MBF Group, operating in the petrochemical sector — potentially related to commodity trading operations.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
MBF Group competitors and assessment
Company assessmentDirect peers
- Quantum Systems: German manufacturer of tactical UAVs (Trinity, Vector) widely procured by European militaries. Comparable product category and defense-customer overlap with MBF Group's IRYDA+ X1.
- Dedrone: U.S.-headquartered counter-UAS provider offering detection, classification, and mitigation solutions to defense and government customers. Directly comparable to MBF Group's C-UAS offering.
- DroneShield: Australia-listed counter-UAS specialist selling detection and defeat systems to defense and security customers globally. Closely comparable to MBF Group's C-UAS pillar in product category and end-market.
- Tekever: Portuguese unmanned systems company developing dual-use UAVs for defense and security customers. Closely comparable to MBF Group's IRYDA+ X1 platform in mission focus (ISR and tactical drones) and European mid-stage profile.
- Threod Systems: Estonian UAV developer serving NATO and EU defense customers with tactical drones. Comparable in scale and product category to MBF Group's emerging IRYDA+ X1 platform.
- WB Electronics: Polish defense company producing Warmate loitering munitions and FlyEye UAV systems, also publicly disclosed as a partner-adjacent player in the Polish defense ecosystem. Closely comparable domestic peer to MBF Group's IRYDA+ X1 and loitering munitions direction.
- UVision: Israeli developer of loitering munition systems (Hero series) procured by multiple militaries. Comparable to MBF Group's loitering munitions and UAV positioning for modern battlefield applications.
Broad incumbents
- Corning Incorporated: Leading global manufacturer of optical fiber including bend-insensitive single-mode variants for telecom and specialty applications. Comparable to MBF Group's G.657.A2 optical fiber wholesale offering, although MBF is a distributor rather than producer.
- Anduril Industries: U.S. defense-tech prime building autonomous systems including counter-UAS (Roadrunner) and loitering munitions (Barracuda). Overlaps with MBF Group's C-UAS and loitering munitions positioning but operates at vastly larger scale.
- Lockheed Martin: Global defense prime with extensive UAV and counter-UAS portfolios across multiple programs. Overlaps with MBF Group's defense-tech ambitions at a vastly larger scale and represents the type of prime MBF could partner with or compete against for procurement contracts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
MBF Group social profiles
Digital presenceMBF Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
MBF Group leadership team
Management profileNumber of profiles
MBF Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MBF Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MBF Group
What does MBF Group do?
MBF Group S.A. is a Polish publicly listed company that operates two core businesses: (1) international wholesale brokerage and trading of bulk commodities including ICUMSA sugar, urea, AdBlue, unrefined and vegetable oils, and agricultural products, with full documentation, quality control, and logistics support; and (2) development and commercialization of defense and unmanned systems technology, including the IRYDA+ X1 UAV platform (which reached TRL 7 in July 2026), the MALLARD Cargo UAV, C-UAS counter-drone systems, ARES military trainer, MILITARIA defense products, and wholesale supply of G.657.A2 bend-resistant single-mode optical fiber for telecom, drone, and military applications.
Is MBF Group a public or private company?
MBF Group is a public company. It is classified as public and is currently operating.
When was MBF Group founded?
MBF Group was founded in 2011. It employs 1 to 10 people.
Where is MBF Group based?
MBF Group is headquartered in Warsaw, Poland, in the Europe region.
How does MBF Group make money?
Three revenue lines are on record. Commodity Trading (Wholesale) is the primary driver. The others are technology Development & Commercialization and optical Fiber Wholesale Supply.
Who are MBF Group's main competitors?
Direct peers on record are Quantum Systems, Dedrone, DroneShield, Tekever, Threod Systems, WB Electronics and UVision. Broad incumbents are Corning Incorporated, Anduril Industries and Lockheed Martin.
Does MBF Group have an API?
No public API is recorded for MBF Group.