Core Insights - Volatus Aerospace Inc. plans to establish the Volatus Mirabel Innovation Centre and Drone Manufacturing Hub at Montréal–Mirabel International Airport, aimed at enhancing Canada's drone capacity for the Canadian Armed Forces and allied requirements [1][5] - The initiative aligns with the Canadian government's priorities to rebuild and reinvest in domestic capabilities and secure supply chains [1][5] Group 1: Manufacturing and Innovation - The new facility will span 200,000 square feet and is designed for scalability and efficiency, enabling the serial production of Canadian-built drone platforms [2] - The Mirabel Manufacturing Hub will facilitate the production of proprietary drone platforms and licensed manufacture of partner systems, ensuring compliance with NATO-aligned requirements [3] Group 2: Government Support and Strategic Importance - Investissement Québec International supports the establishment of the innovation center, highlighting its contribution to Québec's aerospace ecosystem [4] - The Canadian government has launched the Defence Investment Agency and pledged $500 million in NATO-aligned support for Ukraine, indicating a commitment to domestic defense capabilities [5] Group 3: Future Outlook and Demand - The demand for drone capabilities is expected to accelerate across Canadian Armed Forces and NATO missions, positioning Volatus to respond effectively with domestic production and a secure supply chain [6] - The announcement marks the beginning of a series of initiatives aimed at strengthening Volatus's domestic defense manufacturing posture [6]

Core Insights - Volatus Aerospace Inc. is participating in the 2025 Maxim Growth Summit, highlighting its role as a leader in aerial intelligence and unmanned aircraft systems [1] - The event will feature one-on-one meetings between Volatus executives and institutional investors, indicating a focus on investor relations and potential funding opportunities [2] - Keynote speakers and roundtable discussions at the summit will cover various sectors, including drones, which aligns with Volatus's business focus [3] Company Overview - Volatus Aerospace Inc. specializes in aerial solutions for intelligence, surveillance, and cargo, utilizing both piloted and remotely piloted aircraft [6] - The company offers a comprehensive ecosystem of aerial services, including operations, equipment sales, training, and mission support, aimed at integrating aerial capabilities into various industries [6] Event Details - The 2025 Maxim Growth Summit will take place from October 22nd to 23rd at The Hard Rock Hotel NYC, bringing together industry leaders and innovators [1] - The conference will include discussions on advancements in multiple sectors, showcasing the relevance of aerial technology in contemporary industry trends [3]

Core Insights - Aptose Biosciences is presenting promising data from the TUSCANY trial, which evaluates the safety and efficacy of the tuspetinib-based triplet therapy (TUS+VEN+AZA) for newly diagnosed AML patients ineligible for induction chemotherapy [1][2][3] Group 1: Clinical Trial Data - The TUSCANY trial has shown that the addition of tuspetinib to the standard treatment of venetoclax and azacitidine has resulted in complete remission (CR) or complete remission with incomplete hematologic recovery (CRh) in 100% of patients treated at higher doses of 80 mg and 120 mg [5][6] - Overall, 90% of patients in the trial have achieved CR/CRh responses, with 88% of FLT3 wildtype AML patients responding positively [6][8] - The therapy has demonstrated activity across diverse genetic subtypes, including those with unmutated FLT3, FLT3-ITD, NPM1c, biallelic TP53, RAS, and myelodysplasia-related mutations [3][14] Group 2: Safety Profile - The TUS+VEN+AZA combination has been well tolerated, with no significant safety concerns or dose-limiting toxicities reported, including no prolonged myelosuppression, differentiation syndrome, QTc prolongation, or treatment-related deaths [2][6] - Dosing has commenced at the 160 mg level, indicating ongoing escalation in the trial [5][14] Group 3: Trial Design and Objectives - The TUSCANY trial is a Phase 1/2 study being conducted at 10 leading U.S. clinical sites, aiming to establish a safe and effective frontline therapy for a broad range of newly diagnosed AML patients [9][11] - The trial is designed to test various doses and schedules of tuspetinib in combination with standard dosing of azacitidine and venetoclax, with an anticipated enrollment of 18-24 patients by the end of 2025 [9][10]

Core Insights - Volatus Aerospace Inc. has signed a Memorandum of Understanding with ARCO Worldwide Services Limited to deliver professional drone training programs in Nigeria [1][2] - The collaboration aims to align Nigeria's drone pilot training programs with international standards and ensure compliance with the Nigerian Civil Aviation Authority [2][3] - The partnership is expected to enhance local workforce development and strengthen Nigeria's position in the West African drone industry [4] Company Overview - Volatus Aerospace is a leader in global aerial solutions, focusing on intelligence and cargo, with over 100 years of combined aviation expertise [5] - ARCO Worldwide Services Limited is a subsidiary of ARCO Group Plc, serving the energy and industrial sectors, with its ARCO Aviation Academy being NCAA-approved for RPAS pilot instruction [6] Training Program Details - Volatus Aerospace will provide its training curriculum and materials for local delivery by ARCO Aviation Academy under a co-branded framework [2] - The training will include foundational RPAS courses and expand into advanced training such as thermography, LiDAR, and BVLOS operations [3] - The agreement establishes a three-year framework for cooperation, including curriculum delivery, instructor training, and quality assurance, with initial programs expected to roll out in Q4 2025 [4]

Core Insights - Volatus Aerospace Inc. will participate in the Cantech Letter Investment Conference on October 9, 2025, in Toronto, showcasing its achievements and growth initiatives [1][2] - The company was recognized as the "Top Growth Story" at the Peterson Capital Canada Growth Conference in Dublin, enhancing its visibility among international investors [3] - Volatus has increased its stake in Synergy Aviation Ltd. to 58.47% by acquiring an additional 7.47% of outstanding shares for C$297,977, paid through the issuance of new common shares [4][5] Company Overview - Volatus Aerospace specializes in aerial intelligence and unmanned aircraft systems, providing a complete ecosystem of aerial services including operations, equipment sales, training, and mission support [7] - The company has over a century of combined aviation expertise, focusing on innovative solutions for intelligence, surveillance, and cargo [7] Event Details - The Cantech Letter Conference is recognized as Canada's leading technology investment event, offering technology companies a platform to showcase innovations and engage with potential investors [6]

Core Insights - Volatus Aerospace Inc. and VoltaXplore Inc. have signed a Letter of Intent for the supply of Canadian-made lithium-ion battery cells to power Volatus' next-generation drones [1][2] - This strategic agreement enhances product differentiation and supply chain security for Volatus while positioning both companies for growth in civil, defense, and Arctic surveillance markets [2][5] Company Developments - The partnership allows VoltaXplore to enter the aerospace market, complementing its existing operations in electric mobility and energy storage [3] - VoltaXplore will allocate production capacity from its 1 MWh facility in Montréal to supply advanced battery cells engineered in Canada, which will improve endurance, charging speed, and cold-weather performance for Volatus' UAV platforms [4][6] Industry Context - The collaboration aligns with the Canadian government's emphasis on building domestic industrial capabilities in aerospace and critical minerals, supporting innovation and job creation [5] - The partnership aims to strengthen Canada's domestic supply chain from critical materials to finished aerospace products, enhancing resilience and reducing reliance on external sources [4][5]

Core Insights - Volatus Aerospace Inc. has expanded its tactical intelligence, surveillance, and reconnaissance (ISR) drone contract by an additional C$700,000, raising the total contract value to approximately C$1.7 million, with deliveries expected to be completed in September 2025 [1][3] Company Overview - Volatus Aerospace is a Canadian leader in aerial intelligence and cargo solutions, providing innovative global aerial solutions for various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [4] - The company has over 100 years of combined institutional knowledge in aviation and is committed to enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [4] Product and Market Position - The ISR drone systems offered by Volatus are designed for rapid deployment, day-and-night operations, and robust data capture, which enhances tactical situational awareness [2] - The expansion of the contract reflects the customer's confidence in Volatus' ability to deliver mission-critical ISR solutions on time and at scale, indicating a growing demand for scalable and cost-effective ISR capabilities across NATO member states [2][3]

Core Insights - Volatus Aerospace Inc. has entered into a multi-year agreement with a major North American electricity utility to provide remotely piloted aircraft system (RPAS) inspection, mapping, and data services across approximately 100,000 miles of transmission and distribution lines, effective until August 2028 with a potential two-year extension [1][2] - The contract is expected to generate revenues of CAD $15 million over its duration, with margins consistent with the company's typical contracts [2] - The agreement highlights the growing importance of drones in utility asset management, providing Volatus with recurring opportunities to deliver scalable value [3] Company Overview - Volatus Aerospace is recognized as a leader in innovative aerial solutions for intelligence and cargo, leveraging over 100 years of combined aviation expertise to enhance operational efficiency, safety, and sustainability [5] - The company has a proven track record in delivering drone services for utilities and infrastructure clients across North America, supported by its remote Operations Center in Vaughan, Ontario [3] Industry Context - The global drone inspection and monitoring market is projected to grow from USD $11.6 billion in 2022 to USD $23.0 billion by 2027, reflecting a compound annual growth rate of 14.6%, driven by the demand for safer and more efficient inspection methods in utilities, energy, and infrastructure sectors [4] - Regulatory and reliability standards necessitate ongoing inspection of energy assets, creating a consistent demand for aerial inspection services [4]

Core Viewpoint - Volatus Aerospace has received a Special Flight Operations Certificate (SFOC) from Transport Canada, allowing the company to conduct more complex Beyond Visual Line of Sight (BVLOS) operations using advanced radar technology from MatrixSpace integrated with Kongsberg Geospatial's IRIS Terminal platform [1][2]. Company Developments - The SFOC enables Volatus to scale BVLOS operations into applications such as automated drone-in-a-box networks and autonomous services, which require reliable detect-and-avoid capabilities [2][4]. - Volatus already holds nationwide SFOCs for various BVLOS operations, including low-risk airspace and nighttime missions, which positions the company favorably in the regulatory landscape [4]. - The integration of MatrixSpace's compact radar technology with Kongsberg's airspace management software enhances Volatus' operational capabilities and competitive position in the market [6][10]. Market Insights - The global drone-in-a-box market was valued at over US$1 billion in 2024 and is projected to grow to between US$5 billion and US$9 billion by the early 2030s, indicating an annual growth rate of approximately 20-23% [3]. - This growth reflects the commercial potential for scalable, subscription-based drone services, which Volatus aims to capitalize on through its new BVLOS capabilities [3]. Strategic Partnerships - Volatus has formed strategic partnerships with Kongsberg Geospatial and MatrixSpace, combining their technologies to create a deployable ecosystem for safe and repeatable drone operations [6][10]. - Kongsberg's IRIS Terminal platform integrates various sensor feeds for real-time airspace awareness, while MatrixSpace's radar technology is designed for scalable autonomous deployments [7][9]. Corporate Update - Volatus has entered into a consulting agreement with Think Ink Marketing Data & Email Services to enhance investor relations and digital marketing efforts for a period of 12 months [11][12]. - The company will compensate Think Ink US$125,000 for their services, which include advertising and social media coverage to increase market awareness [13].

Financial Data and Key Metrics Changes - Overall Total Payment Volume (TPV) grew by 3%, but growth was inconsistent across brands and regions [3][4] - Underlying Profit Before Tax (PBT) fell to just under $290 million, with significant impacts in Q1 and Q4 due to macro conditions [3][4] - The company aims to hold underlying costs flat compared to FY 2025, despite a 3% increase in costs over the last twelve months [5][6] Business Line Data and Key Metrics Changes - Corporate division saw top line growth to $12.3 billion, with a 6% PBT growth excluding Asia [7][8] - Leisure division experienced TPV growth year on year, primarily from lower margin brands, with profit falling due to soft trading conditions [8][9] - Other segments remained flat year on year, with increased profit contributions from operating businesses [9] Market Data and Key Metrics Changes - ANZ and The Americas reported solid profit growth, while EMEA and Asia experienced reductions [3][4] - The UK corporate travel brand underperformed, and Asia faced operational challenges leading to additional provisions [4][5] - The company expects EMEA and Asia to return to more appropriate levels by 2026 [4] Company Strategy and Development Direction - The company is focusing on productivity gains, cost reduction, and targeted investments in technology and AI [5][6][20] - A new Global Business Services division aims to support frontline teams and improve operational efficiency [5][6] - The company is exploring M&A opportunities to expedite growth in specialist businesses [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging operating environment due to geopolitical tensions and macroeconomic conditions but remains optimistic about medium to long-term growth [2][3] - There are promising signs emerging in key markets, and the company is prepared for a market rebound [23][24] - Management expects a challenging first half of FY 2026 but anticipates a stronger second half [43][44] Other Important Information - The company has undertaken $450 million in capital management initiatives, including debt repayment and share buybacks [9] - Investment in TP Connect increased by $7 million to enhance airline content and new revenue streams [8] - The company is launching a travel retail loyalty program to enhance customer engagement and drive growth [35][36] Q&A Session Summary Question: Can you provide details on the impact of lower overrides in FY 2025 and potential upside for 2026? - Management indicated that lower overrides significantly impacted the leisure business, particularly in the last quarter, and emphasized the importance of growth to achieve higher override tiers [48][52] Question: What are the potential impacts of changes to payment surcharges in Australia? - Management has evaluated the potential impacts and is prepared with various options to mitigate any negative effects [54][57] Question: Can you clarify the outlook for the first half of FY 2026? - Management expects a like-for-like comparison to be relatively flat year on year, with improvements anticipated in Asia [60][62] Question: What should be expected for the other segment's loss in FY 2026? - Management expects the loss to decrease to around $70 million, with improvements anticipated from operating businesses [68][70] Question: How is Corporate Traveler positioned in the UK and Europe? - Management expressed confidence in the UK market, highlighting recent management changes and improvements to the product offering [90][92]