Northwire Canada EditionSunday, October 18, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Earnings

Volatus Aerospace Releases Record Third Quarter Financial Results

By The Northwire Desk — AI Analysis Dec 01, 2025 · 16:00 FLT · 0.62 Volatus Aerospace Inc.
FLT · Price

Executive Summary

  • Volatus Aerospace reported record Q3 2025 revenue of C$10.6 M (up 60% YoY) and a nine‑month revenue of C$26.9 M (up 32% YoY).
  • Adjusted EBITDA loss narrowed to C$0.66 M, a 52% improvement versus Q3 2024, while cash on hand rose to roughly C$40 M after two private placements.
  • Operational milestones included new defense deployments, progress toward commercializing the Condor XL RPAS, a battery‑cell supply LOI, multi‑year utility inspection contract, and a partnership for large‑scale aerial seeding.

Key Details

  • Financial Highlights (Q3 2025):
  • Revenue: C$10,605,438 (+60% YoY)
  • Gross profit: C$3,470,611 (33% margin)
  • Adjusted EBITDA loss: C$(660,661) (52% improvement YoY)

  • Cash balance at quarter‑end: C$17,274,905; total cash ≈ C$40 M after subsequent financings.

  • Financing Activity:

  • Closed a C$10 M non‑brokered “LIFE” private placement on July 17 2025.

  • Completed a C$4.83 M brokered “bought‑deal” LIFE private placement on August 14 2025.

  • Revenue Mix: Services & training 47% of Q3 revenue; equipment sales 53% (vs. 16% equipment mix in Q3 2024).

  • Operational Highlights:

  • LOI with VoltaXplore (Sept 30) to secure domestic battery‑cell supply for next‑gen RPAS.
  • Delivered C$4.06 M of tactical ISR systems & training to NATO partners (Sept 23, July 7, July 2).
  • Secured multi‑year RPAS inspection contract with a major North American utility covering ~100,000 miles of transmission assets (Sept 16).

  • Strategic partnership with KI Reforestation to deploy Condor XL for aerial seeding of fire‑damaged forests (Aug 25).

  • Management Commentary: CEO Glen Lynch emphasized continued defense demand, scaling commercial/utility programs, and upcoming Q4 2025 & Q1 2026 guidance. CFO Abhinav Singhvi highlighted the November 26 2025 financing that bolstered liquidity for Canadian manufacturing expansion.

  • Webinar Announcement: Investor webinar scheduled for Tuesday, Dec 2 2025 at 4 PM EST; Glen Lynch (CEO) and Abhinav Singhvi (CFO) to present results and milestones.

Notable Quotes

“Q3 2025 continued the momentum we set earlier this year. Defense demand drove a significant rise in equipment sales, and our commercial and utility programs continued to scale with new contract awards.” – Glen Lynch, CEO

“Our most recent financing closed on November 26, 2025, strengthening our liquidity and enabling us to meet rising demand and expand Canadian manufacturing for our next‑generation platforms.” – Abhinav Singhvi, CFO

Read the original news release →

More from Volatus Aerospace Inc.

Jun 23, 2026 · 07:30

Volatus Aerospace Opens 53,000-Square-Foot Mirabel Facility, Establishing Domestic Manufacturing Base for Autonomous Defence Systems

Production / Operations Jun 05, 2026 · 08:58

Volatus Aerospace Closes $34.5M Dilutive Offering to Fund Manufacturing Expansion and Defense Contract Bids

Financings May 28, 2026 · 07:00

Volatus Aerospace’s $30 M dilutive bought deal crushes shareholder value, overshadowing a token Ukraine defence MOU as cash burn accelerates.

M&A / Property May 27, 2026 · 17:00

Volatus Aerospace caps a flurry of milestone announcements with a heavily dilutive $30M bought-deal, stoking fear that the cash‑burning drone builder is a long way from self‑funding.

Financings May 27, 2026 · 07:00

Volatus Aerospace Unveils Sovereign AI Stack Amidst Defense Program Momentum

Other May 26, 2026 · 09:06

Volatus Aerospace Leaps Ahead in $1.1 Billion U.S. Drone Dominance Program, Proof Positive That Its Defense Pivot Is Gaining Traction

Production / Operations