Volatus Aerospace Inc. (TSX:FLT)

Volatus Aerospace Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	59.2	41.11	1.56	1.26	3.68	8.81
Cash & Short-Term Investments	59.2	41.11	1.56	1.26	3.68	8.81
Cash Growth	866.42%	2537.41%	24.04%	-65.89%	-58.16%	4535.84%
Accounts Receivable	4.93	3.37	4.5	3.74	4.13	0.7
Other Receivables	-	-	-	0.08	0.2	-
Receivables	4.93	3.37	4.5	3.82	4.33	0.7
Inventory	4.85	3.27	3.1	2.98	3.76	0.69
Prepaid Expenses	3.64	1.15	2.05	1.26	1.28	0.61
Restricted Cash	0.15	0.03	0.24	0.43	-	-
Other Current Assets	0.5	0.61	0.52	0.77	0.72	0.19
Total Current Assets	73.26	49.54	11.98	10.5	13.78	10.99
Property, Plant & Equipment	10.22	7.27	11.55	10.64	10.32	5.28
Goodwill	20.74	20.74	20.74	0.96	0.96	0.58
Other Intangible Assets	14.58	15.11	13.54	4.77	4.13	5.81
Total Assets	118.8	92.66	57.8	26.88	29.2	22.67

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.7	1.43	3.82	2.84	2.8	1.56
Accrued Expenses	2.16	1.74	1.58	1.51	0.59	0.27
Short-Term Debt	-	-	0.95	7.08	3.54	0.16
Current Portion of Long-Term Debt	1.87	8.65	11.55	2.25	2	0.2
Current Portion of Leases	0.87	0.89	0.77	0.54	0.33	0.28
Current Income Taxes Payable	-	-	-	-	-	-0.23
Current Unearned Revenue	2.73	0.08	0.62	0.21	0.07	0.51
Other Current Liabilities	0.13	0.26	1.07	0.25	0	0.86
Total Current Liabilities	9.47	13.05	20.37	14.7	9.33	3.62
Long-Term Debt	16.7	10.89	9.56	7.87	6.9	2.71
Long-Term Leases	4.04	1.01	1.24	0.98	0.83	1.08
Long-Term Deferred Tax Liabilities	-	-	-	0.28	0.62	-
Other Long-Term Liabilities	-	-	0.3	0.51	1.1	0
Total Liabilities	30.2	24.95	31.47	24.34	18.78	7.41

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	140.46	103.05	46.62	13.36	10.96	9.11
Additional Paid-In Capital	0.21	0.21	0.21	0.21	0.21	2.99
Retained Earnings	-70.47	-53.94	-32.58	-19.44	-7.13	-2.35
Comprehensive Income & Other	19.57	19.73	12.74	8.82	7.8	4.51
Total Common Equity	89.77	69.05	26.99	2.96	11.84	14.27
Minority Interest	-1.18	-1.55	-0.94	-0.77	-1.78	0.29
Shareholders' Equity	88.59	67.7	26.34	2.54	10.42	15.26
Total Liabilities & Equity	118.8	92.66	57.8	26.88	29.2	22.67

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	23.48	21.44	24.07	18.73	13.58	4.43
Net Cash (Debt)	35.72	19.67	-22.51	-17.47	-9.9	4.37
Net Cash Growth	-	-	-	-	-	652.97%
Net Cash Per Share	0.06	0.04	-0.07	-0.08	-0.09	0.05
Filing Date Shares Outstanding	735.39	668.25	468.84	124	113.94	101.84
Total Common Shares Outstanding	735.39	668.25	468.84	124	113.94	101.84
Working Capital	63.8	36.48	-8.39	-4.19	4.45	7.37
Book Value Per Share	0.12	0.10	0.06	0.02	0.10	0.14
Tangible Book Value	54.45	33.19	-7.29	-2.77	6.75	7.87
Tangible Book Value Per Share	0.07	0.05	-0.02	-0.02	0.06	0.08
Machinery	14.77	13.76	14.4	12.79	11.09	4.87
Construction In Progress	0.6	0.32	1.22	0.48	0.1	-
Leasehold Improvements	1.35	1.29	1.28	0.41	0.4	0.02

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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