Volatus Aerospace Releases Record Third Quarter Financial Results

Core Insights - Volatus Aerospace Inc. reported record quarterly revenue and gross profit for Q3 2025, driven by strong demand in the defense sector and expansion of commercial programs [1][2]. Financial Highlights - Revenue for Q3 2025 reached CAD 10,605,438, a 60% increase compared to CAD 6,618,504 in Q3 2024 [3][9]. - Year-to-date revenue for the nine-month period was CAD 26,905,671, up 32% from CAD 20,364,238 in the same period of 2024 [3][8]. - Gross profit for Q3 2025 was CAD 3,470,611, with a gross margin of 33%, slightly down from 34% in Q3 2024 [9][10]. - Adjusted EBITDA loss improved by 52% year-over-year, amounting to CAD 660,661 compared to CAD 1,364,143 in Q3 2024 [9][10]. - The company's cash position strengthened to approximately CAD 40 million following recent financing activities [8][9]. Operational Highlights - Equipment sales surged by 427% year-over-year, primarily due to increased defense demand [3][6]. - The company executed a Letter of Intent (LOI) with VoltaXplore to establish a domestic battery-cell supply for next-generation RPAS platforms [9]. - Significant contracts included a multi-year agreement with a major North American utility for RPAS inspection and mapping services across approximately 100,000 miles of assets [9]. - The company formed a strategic partnership with KI Reforestation to deploy Condor XL heavy-lift RPAS for large-scale aerial seeding [9]. Management Commentary - Management emphasized that Q3 2025 continued the momentum from earlier in the year, with defense demand driving equipment sales and scaling of commercial programs [6]. - The recent financing closed on November 26, 2025, is expected to support rising demand and expand Canadian manufacturing capabilities [6]. Company Overview - Volatus Aerospace is a global provider of aerial intelligence solutions, operating both piloted and remotely piloted aircraft systems for various sectors including defense, healthcare, and public safety [12]. - The company is focused on building RPAS manufacturing capabilities in Quebec to meet emerging large-drone requirements [12].