Volatus Aerospace Inc. Announces Restatement of Q2 2025 Financial Results
Volatus Aerospace (OTCQX: TAKOF) announced a restatement of its financial statements and MD&A for the three and six months ended June 30, 2025.
The restatement reflects a one-time, non-cash accounting adjustment of $2,231,202 tied to restructuring the balance sheet and the modification and retirement of certain debt instruments. Management states the adjustment had no impact on revenue of $10,587,075, gross margin of 32%, or the Company's cash position for the quarter. Minor presentation and classification updates were also made.
The restated financial statements and MD&A were filed on SEDAR+ and are available on the company website. The company noted it is monitoring the Government of Canada's budget due on November 4, 2025.
Volatus Aerospace (OTCQX: TAKOF) ha annunciato una rettifica dei propri stati finanziari e MD&A per i tre e sei mesi chiusi al 30 giugno 2025.
La rettifica riflette un aggiornamento contabile una tantum non in contanti di 2.231.202 dollari legato alla ristrutturazione del bilancio e alla modifica e ritiro di alcuni strumenti di debito. La direzione afferma che l'aggiornamento non ha avuto alcun impatto sui ricavi di 10.587.075 dollari, sulla margine Lordo del 32% o sulla posizione di liquidità dell'azienda per il trimestre. Sono stati inoltre apportati lievi aggiornamenti di presentazione e classificazione.
I documenti finanziari rettificati e MD&A sono stati depositati su SEDAR+ e sono disponibili sul sito web della società. L'azienda ha indicato di monitorare il budget del Governo del Canada previsto per 4 novembre 2025.
Volatus Aerospace (OTCQX: TAKOF) anunció una reclasificación de sus estados financieros y MD&A para los tres y seis meses terminados el 30 de junio de 2025.
La reclasificación refleja un ajuste contable único, no monetario, de 2.231.202 dólares ligado a la reestructuración del balance y a la modificación y retiro de ciertos instrumentos de deuda. La dirección afirma que el ajuste no tuvo impacto en los ingresos de 10.587.075 dólares, ni en el margen bruto del 32% ni en la posición de liquidez de la empresa para el trimestre. También se realizaron actualizaciones menores de presentación y clasificación.
Los estados financieros y MD&A reclasificados fueron presentados en SEDAR+ y están disponibles en la página de la empresa. La compañía señaló que está monitoreando el presupuesto del Gobierno de Canadá para el 4 de noviembre de 2025.
Volatus Aerospace (OTCQX: TAKOF) 은 2025년 6월 30일 종료된 3개월 및 6개월에 대한 재무제표와 MD&A를 재작성했다고 발표했다.
재작성은 대차대조표의 구조 조정 및 특정 부채 수단의 수정 및 상각과 관련된 일회성 비현금 조정 2,231,202달러를 반영한다. 경영진은 이 조정이 매출 10,587,075달러, 총이익률 32% 또는 분기의 회사의 현금 위치에 영향을 미치지 않았다고 밝혔다. 또한 소규모 제시 및 분류 업데이트도 이루어졌다.
재작성된 재무제표 및 MD&A는 SEDAR+에 제출되었고 회사 웹사이트에서 이용 가능하다. 회사는 캐나다 정부 예산이 2025년 11월 4일에 발표될 것을 모니터링하고 있다고 밝혔다.
Volatus Aerospace (OTCQX: TAKOF) a annoncé une réécriture de ses états financiers et du MD&A pour les trois et six mois se terminant le 30 juin 2025.
Cette réécriture reflète un ajustement comptable unique, non monétaire, de 2 231 202 dollars lié à la restructuration du bilan et à la modification et au retrait de certains instruments de dette. La direction indique que l'ajustement n'a eu aucun impact sur le chiffre d'affaires de 10 587 075 dollars, sur la marge brute de 32% ou sur la position de trésorerie de l'entreprise pour le trimestre. Des mises à jour mineures de présentation et de classification ont également été apportées.
Les états financiers et le MD&A révisés ont été déposés sur SEDAR+ et sont disponibles sur le site de l'entreprise. L'entreprise a noté qu'elle surveillait le budget du Gouvernement du Canada prévu le 4 novembre 2025.
Volatus Aerospace (OTCQX: TAKOF) gab eine Neubewertung seiner Finanzberichte und MD&A für die drei- und sechs Monate zum 30. Juni 2025 bekannt.
Die Neubewertung spiegelt eine einmalige, nicht zahlungswirksame Umbuchung von 2.231.202 USD wider, die im Zusammenhang mit der Umstrukturierung der Bilanz und der Modifikation sowie Ausmusterung bestimmter Schuldinstrumente steht. Das Management erklärt, dass die Anpassung keinen Einfluss auf den Umsatz von 10.587.075 USD, die Bruttomarge von 32% oder die Cash-Position des Unternehmens im Quartal hatte. Es wurden auch geringe Aktualisierungen bei Präsentation und Klassifizierung vorgenommen.
Die restierten Finanzberichte und MD&A wurden bei SEDAR+ eingereicht und sind auf der Unternehmenswebsite erhältlich. Das Unternehmen wies darauf hin, dass es den Budgetplan der Regierung von Kanada prüft, der am 4. November 2025 fällig wird.
Volatus Aerospace (OTCQX: TAKOF) أعلنت عن إعادة صياغة بياناتها المالية وMD&A للفترات المنتهية في 30 يونيو 2025 للأشهر الثلاثة والستة.
تعكس إعادة الصياغة ت调整 محاسبي لمرة واحدة غير نقدي بقيمة 2,231,202 دولار المرتبط بإعادة هيكلة الميزانية وتعديل وإلغاء بعض أدوات الدين. ذكرت الإدارة أن التعديل لم يؤثر على الإيرادات البالغة 10,587,075 دولاراً، أو هامش الربح الإجمالي 32%، أو الوضع النقدي للشركة للربع. كما أجريت تحديثات عرض وتصنيف بسيطة.
تم تقديم البيانات المالية المعدلة وMD&A على SEDAR+ وهي متاحة على موقع الشركة. أشارت الشركة إلى أنها تراقب ميزانية حكومة كندا المقرر إصدارها في 4 نوفمبر 2025.
- One-time adjustment described as non-cash
- Management cites strengthened balance sheet via debt modification/retirement
- Restated records filed on SEDAR+ and company website
- One-time accounting charge of $2,231,202 required a restatement
- Restatement indicates prior period reporting required revision for the three and six months ended June 30, 2025
- One-time non-cash accounting adjustment related to the restructuring of the Company's balance sheet
- No impact on the Company's revenue, gross margin, or cash position during the period
Toronto, Ontario--(Newsfile Corp. - November 3, 2025) - Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (FSE: ABB) (the "Company"), a Canadian leader in aerial intelligence and cargo solutions, today announced that it has restated its financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025.
The restatement reflects a non-cash, one-time accounting adjustment of
"Reissuing our Q2 2025 financial results demonstrates our continued commitment to transparency, accuracy, and best-in-class corporate governance," said Abhinav Singhvi, Chief Financial Officer of Volatus Aerospace Inc. "This adjustment is a one-time, non-cash accounting charge arising from prudent steps taken to strengthen our balance sheet and position the Company for sustainable growth."
The restated financial statements and MD&A have been filed on SEDAR+ at www.sedarplus.ca and are available on the Company's website at www.volatusaerospace.com.
The Company looks forward to the Government of Canada's budget announcement set to be released on November 4, 2025.
About Volatus Aerospace Inc.
Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit www.volatusaerospace.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to the approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Note Regarding Non-IFRS Measures:
In this press release we describe certain income and expense items that are unusual or non-recurring. There are terms not defined by International Financial Reporting Standards (IFRS). Our usage of these terms may vary from the usage adopted by other companies. Specifically, gross margin is an undefined term under IFRS that may be referenced herein. We provide this detail so that readers have a better understanding of the significant events and transactions that have had an impact on our results. Management believes that gross margin helps provide an understanding on the level of costs needed to create revenue. Management derives "gross margin" by subtracting costs of goods sold from total revenue and dividing such number by total revenue. Readers are cautioned that these non-IFRS measures may not be comparable to similar measures used by other companies. Readers are also cautioned not to view these non-IFRS financial measures as an alternative to financial measures calculated in accordance with IFRS. Gross margin does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers and should not be construed as alternatives to measures determined in accordance with IFRS. For more information with respect to financial measures which have not been defined by GAAP, including reconciliations to the closest comparable GAAP measure, see the "Non-IFRS Financial Measures " section of the Company's MD&A which is available on SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Abhinav Singhvi, Chief Financial Officer
abhinav.singhvi@volatusaerospace.com
+1 833-865-2887
www.volatusaerospace.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272956
FAQ
What did Volatus Aerospace (TAKOF) restate for Q2 2025 on November 3, 2025?
Does the $2,231,202 adjustment affect Volatus Aerospace (TAKOF) revenue or cash for Q2 2025?
What caused Volatus Aerospace (TAKOF) to restate Q2 2025 results?
Where can investors find the restated Q2 2025 financial statements for Volatus Aerospace (TAKOF)?
When did Volatus Aerospace (TAKOF) announce the restatement and what upcoming event did it reference?
