DEFSEC Technologies Files Restated Interim Financial Statements
TMX Newsfile·2026-01-30 23:14

Core Insights - DEFSEC Technologies Inc. has voluntarily filed restated unaudited condensed consolidated interim financial statements for the three and nine months ended June 30, 2025 and 2024 due to errors identified in the initial measurement of right-of-use assets and lease liabilities [1][2] - The restated financial statements do not affect the interim statements of net loss, comprehensive loss, changes in shareholders' equity, or cash flows, but result in an increase in working capital by $0.2 million as of June 30, 2025 [2] Company Overview - DEFSEC develops and commercializes next-generation tactical systems for military and security forces, including digitization of tactical forces for real-time situational awareness and targeting information [3] - The company's product portfolio includes countermeasures against electronic detection, lasers, and drones, and features a proprietary non-lethal product line branded PARA SHOTTM [3]