Volatus Aerospace Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	31.67	41.11	1.56	1.26	15.3	27.67
Cash & Short-Term Investments	31.67	41.11	1.56	1.26	15.3	27.67
Cash Growth	3324.40%	2537.41%	24.04%	-91.79%	-44.72%	17.95%
Accounts Receivable	3.81	3.37	4.5	3.82	0.49	0.42
Inventory	4.01	3.27	3.1	2.98	0.12	-
Other Current Assets	3.47	1.79	2.81	2.45	0.34	0.51
Total Current Assets	42.97	49.54	11.98	10.5	16.25	28.6
Net Property, Plant & Equipment	10.85	7.27	11.55	10.64	2.62	3.44
Other Intangible Assets	14.84	15.11	13.54	4.77	0.88	0.92
Goodwill	20.74	20.74	20.74	0.96	-	-
Total Assets	89.4	92.66	57.8	26.88	19.75	32.96
Accounts Payable	3.56	3.43	6.33	4.42	0.91	1.39
Current Portion of Long-Term Debt	2.09	8.65	11.55	2.25	-	-
Current Portion of Leases	0.86	0.89	0.77	0.54	0.2	0.18
Unearned Revenue	0.06	0.08	0.62	0.21	0.1	0.4
Other Current Liabilities	-	-	1.1	7.27	-	-
Total Current Liabilities	6.57	13.05	20.37	14.7	1.21	1.97
Long-Term Debt	16.5	10.89	9.56	-	-	-
Long-Term Leases	4.23	1.01	1.24	-	0.02	0.23
Other Long-Term Liabilities	-	-	0.3	-	-	-
Total Long-Term Liabilities	20.73	11.9	11.1	-	0.02	0.23
Total Liabilities	27.31	24.95	31.47	14.7	1.23	2.2
Preferred Stock	-	0.21	0.29	-	-	-
Common Stock	106.2	103.05	46.62	-	96.31	96.31
Additional Paid-in Capital	19.87	19.76	12.95	-	11.69	10.52
Accumulated Other Comprehensive Income	0.16	0.18	-	-	-	-
Retained Earnings	-63.06	-53.94	-32.58	-	-89.48	-76.07
Total Common Shareholders' Equity	125.26	136.96	53.61	-	18.52	30.76
Minority Interest	-1.08	-1.55	-0.94	-	-	-
Shareholders' Equity	124.18	135.41	52.67	-	18.52	30.76
Total Liabilities & Equity	89.4	92.66	57.8	14.7	19.75	32.96
Total Debt	23.68	21.44	23.12	2.79	0.22	0.41
Net Cash (Debt)	7.98	19.67	-21.56	-1.54	15.08	27.26
Net Cash Growth	-	-	-	-	-44.69%	18.64%
Net Cash Per Share	0.01	0.04	-0.07	-0.01	0.02	0.12
Book Value	125.26	136.96	53.61	0	18.52	30.76
Book Value Per Share	0.21	0.25	0.18	-	0.03	0.14
Tangible Book Value	89.68	101.1	19.33	-5.73	17.64	29.84
Tangible Book Value Per Share	0.15	0.19	0.06	-0.02	0.03	0.13