Volatus Aerospace Inc. Announces Restatement of Q2 2025 Financial Results

Core Viewpoint - Volatus Aerospace Inc. has restated its financial statements for the three and six months ended June 30, 2025, reflecting a non-cash, one-time accounting adjustment of $2,231,202 related to balance sheet restructuring, with no impact on revenue, gross margin, or cash position [1][2][3]. Financial Summary - The restatement includes a non-cash accounting adjustment of $2,231,202 due to restructuring and modification of debt instruments [2][3]. - The company's revenue for the quarter remains at $10,587,075, with a gross margin of 32% [2][3]. - The adjustment is characterized as a one-time charge and does not affect the company's operational performance [2][3]. Corporate Governance - The CFO of Volatus Aerospace emphasized the company's commitment to transparency and accuracy in financial reporting [3]. - The restated financial statements and management's discussion and analysis have been filed on SEDAR+ and are accessible on the company's website [3]. Future Outlook - The company anticipates the Government of Canada's budget announcement on November 4, 2025, which may have implications for its operations [4]. Company Overview - Volatus Aerospace is a leader in aerial intelligence and cargo solutions, serving various industries including oil and gas, energy utilities, healthcare, public safety, and infrastructure [5]. - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [5].