Castellum(US:CTM) Globenewswireยท2025-11-13 11:45Core Viewpoint - Castellum, Inc. has successfully eliminated its $2 million debt obligation, significantly strengthening its balance sheet and leaving no outstanding principal balance [1][3][4]. Financial Performance - The company utilized free cash flow generated in Q3 and cash reserves to pay down the debt, reducing long-term debt to zero and current notes payable to $400,000, marking a significant improvement from the previous year [2][3]. - This debt reduction reflects Castellum's disciplined financial strategy and strong execution [2]. Strategic Direction - Castellum's improved financial position allows for strategic investments in business development capabilities, enhancing its ability to capture major prime contract opportunities [3]. - The company emphasizes its commitment to organic growth and building a stronger organization that benefits its stakeholders, including employees, mission customers, and shareholders [4].