VANCOUVER, B.C. - TheNewswire – October 3, 2025 - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) ( “Baru”) and its subsidiary PT. Tambang Mas Sangihe (“TMS” or the “Company”) acknowledges a recently published report by a local university on Sangihe Island, which documents the environmental impact caused by unregulated and illegal mining activities. Importantly, the study relies on baseline environmental data collected by the Company, as a benchmark for measuring changes in water, soil, and ecosystem health ...

Core Insights - The collaboration between AgEagle Aerial Systems Inc. and Ascent AeroSystems has resulted in the integration of the MicaSense RedEdge-P multispectral camera with Ascent's SPIRIT and SPARTAN UAV platforms, enhancing capabilities in agricultural and environmental applications [1][3][4] Company Overview - AgEagle Aerial Systems Inc. is a global leader in drone technology, providing comprehensive solutions including drones, sensors, and software for various industries such as agriculture, public safety, and civil engineering [7] - Ascent AeroSystems specializes in designing and manufacturing rugged, coaxial unmanned aerial vehicles for defense, public safety, and industrial markets, emphasizing portability and durability [8] Product Features - The MicaSense RedEdge-P camera features five narrow multispectral bands and a high-resolution panchromatic imager, enabling precise vegetation data capture [2] - The SPIRIT and SPARTAN UAV platforms are designed with a cylindrical coaxial configuration, IP56-rated all-weather protection, and class-leading endurance, making them suitable for demanding missions [4] Market Context - The agricultural drone market is experiencing rapid growth, with increasing demand for reliable, high-performance platforms [5]

Financial Data and Key Metrics Changes - Revenue for the quarter reached $18.3 million, reflecting a 109% year-on-year growth [8] - Adjusted EBITDA was $5.16 million, a 48% increase year-on-year [8] - Adjusted net income stood at $4.47 million, marking a 46.7% increase [8] - Total cash reserves, both restricted and unrestricted, closed the quarter at $33.8 million, while debt decreased from over $20 million to $18.4 million [9][10] Business Line Data and Key Metrics Changes - The company is focusing on smart infrastructure, AI security, and national digital systems, with significant progress in these areas [5] - The company has secured national infrastructure contracts and is moving from negotiation to execution phase [6] Market Data and Key Metrics Changes - The company is expanding its operations across the United States, Latin America, Southeast Asia, and East Asia [4] - The backlog for 2025 is projected at $93 million, primarily from existing contracts [44] Company Strategy and Development Direction - The company is focused on converting its pipeline into revenue and is engaged in multiyear contracts, with an average duration of seven to ten years [40] - The company is pursuing strategic acquisitions in Southeast Asia to enhance operational depth and local scale [43] - The company aims for profitable growth while maintaining financial discipline [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to tackle new projects without needing to raise outside funding [17] - The company anticipates a strong performance in 2026, with a backlog of $70 million already shaping up [14] Other Important Information - The company has a $10 million share buyback program, with $4.6 million remaining capacity [11] - The One Amazon partnership involves a total commitment of $5 million, with ongoing discussions for further investments [12][61] Q&A Session Summary Question: Update on the Royal Thai tourist police contract - Management confirmed that the project has exceeded expectations, with a signed agreement expected to total between $500 million to $550 million over five to six years [25][21] Question: Progress on the $400 million smart education contracts - Management reported being in late-stage negotiations for two education projects, including an additional $80 million for smart cloud infrastructure [28] Question: Steps to sustain growth - Management outlined key steps including converting pipeline into revenue, entering multiyear contracts, and pursuing strategic acquisitions [40][41] Question: Expectations for sequential revenue growth and gross margins - Management indicated that while they do not guide specific quarterly growth, the second half of the year is expected to be stronger than the first half [50] Question: Details on the Amazon contract investment - Management clarified that the investment is part of a SAFE agreement, which guarantees equity in the future [58][61]