Volatus Aerospace (FLT) investor relations material

Executive summary

• Q2 2025 revenue reached $10.6M, a 49% year-over-year increase, driven by strong growth in both equipment and service sales.

• Gross profit was $3.38M with a 32% margin, consistent with expectations due to a higher mix of equipment sales.

• Adjusted EBITDA loss narrowed to $276K, an 85% improvement from last year, reflecting operational progress and cost synergies.

• Cash position strengthened to $20M after subsequent financing, providing a solid foundation for growth.

• Strategic advances included $5M in ISR/public safety contracts, regulatory approvals for remote operations, and expanded OEM partnerships in North America and Europe.

Financial highlights

• Q2 revenue of $10.6M, up 49% year-over-year; equipment sales up 114%, services up 16% year-over-year.

• Gross profit of $3.38M, 32% margin versus 35% last year, reflecting a higher equipment mix.

• Adjusted EBITDA loss narrowed to $276K from $1.85M last year.

• Cash balance at quarter end was $6.1M, rising to $20M after financing events.

• First half revenue was $16.3M, up 19% year-over-year; gross profit $5.2M.

Outlook and guidance

• Expect further profitability improvements in the second half as IT and technology consolidation completes.

• Focus on disciplined execution for enterprise and government clients, with R&D investment in AI-enabled and counter-drone solutions.

• Regulatory changes and government spending, especially in defense and NATO, are expected to drive long-term opportunities.

• Cargo market growth is expected to accelerate post-2027, with major aircraft deliveries targeted for 2030.

• Recent financing allocated to expand defense segment and accelerate commercialization.