Volatus Aerospace Inc. Announces Restatement of Q2 2025 Financial Results

Executive Summary

• Volatus Aerospace Inc. restated its Q2 2025 financial statements and MD&A to reflect a one‑time, non‑cash accounting adjustment of $2,231,202 related to balance‑sheet restructuring and debt instrument modifications.
• The adjustment has no impact on the company’s reported revenue ($10,587,075), gross margin (32 %) or cash position for the quarter.
• Minor presentation and classification updates were also incorporated; management deems these changes immaterial.

Key Details

• Restatement covers the three‑month and six‑month periods ended June 30, 2025.
• Adjustment amount: $2,231,202, non‑cash, one‑time charge.
• Revenue for Q2 2025 remains $10,587,075; gross margin unchanged at 32 %.
• Cash position for the quarter is unaffected by the adjustment.
• The restated financial statements and MD&A have been filed on SEDAR+ and are available on the company’s website.
• CFO Abhinav Singhvi stated the restatement demonstrates “continued commitment to transparency, accuracy, and best‑in‑class corporate governance.”

Notable Quotes

“Reissuing our Q2 2025 financial results demonstrates our continued commitment to transparency, accuracy, and best-in-class corporate governance,” – Abhinav Singhvi, Chief Financial Officer, Volatus Aerospace Inc.