Mr. Abhinav Singhvi reports

VOLATUS AEROSPACE INC. ANNOUNCES RESTATEMENT OF Q2 2025 FINANCIAL RESULTS

Volatus Aerospace Inc. has restated its financial statements and management 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 $2,231,202 related to the restructuring of the company's balance sheet, as previously announced on May 22, 2025, and April 11, 2025, and the modification and retirement of certain debt instruments. The adjustment has no impact on the company's revenue of $10,587,075, gross margin of 32 per cent and cash position for the quarter. Additional changes were made to reflect minor presentation and classification updates, none of which the company deems as material.

"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. "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+ and are available on the company's website.

The company looks forward to the government of Canada's budget announcement set to be released on Nov. 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, health care, public safety, and infrastructure. The company is committed to enhancing operational efficiency, safety and sustainability through cutting-edge aerial technologies.

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