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Volatus Aerospace (FLT) investor relations material
Volatus Aerospace Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 marked a pivotal turning point with record revenue and gross profit, including a major acquisition of a MALE-class UAV technology stack, positioning the company as a defense tech manufacturer and expanding its market reach.
The business model now operates as a four-pillar ecosystem: design/manufacturing, turnkey services, integrated reseller/solutions, and global training, creating recurring revenue and deepening customer relationships.
Year-to-date revenue reached $26.9M, a 32% increase year-over-year, driven by strong defense demand and commercial program expansion.
Operational milestones included new defense deployments, progress on Canadian manufacturing, and domestic battery supply chain initiatives.
The addressable market has expanded to over CAD 10.8 million, with defense representing a CAD 5.7 billion segment, driven by accelerated NATO UAV procurement and increased engagement with the Canadian military.
Financial highlights
Q3 2025 revenue grew 60% year-over-year to CAD 10.6 million ($10,605,438), driven primarily by a 423–427% increase in equipment sales; gross profit rose to CAD 3.4 million ($3,470,611) with a 33% blended gross margin.
Adjusted EBITDA loss improved by 52% to CAD 660,000 ($(660,661)), and operational loss narrowed to CAD 2.84 million from CAD 4.19 million year-over-year.
Cash position at quarter-end was CAD 17 million ($17.3M), rising to CAD 40 million (~$40M) pro forma after recent financing.
Equipment now represents 53% of revenue, up from 16% last year, reflecting a strategic shift and strong market adoption.
Loss per share: $(0.01) for Q3 2025, improved from $(0.02) in Q3 2024; weighted average shares outstanding: 524,144,739.
Outlook and guidance
Break-even is expected at CAD 13–14 million in quarterly revenue, with free cash flow positivity at CAD 16–17 million; management targets profitability within the next few quarters, contingent on contract awards.
On track to meet consensus expectations for Q4 2025 and Q1 2026, supported by strengthened liquidity and expanded manufacturing.
Continued investment in R&D, manufacturing (Mirabel facility), and scaling services is planned, with a focus on long-term growth in both defense and commercial segments.
Foundation set to support defense, government, and industrial clients at scale into 2026 and beyond.
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