Volatus Aerospace Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.68	1.68	3.68	8.81	0.19
Cash & Short-Term Investments	0.68	1.68	3.68	8.81	0.19
Cash Growth	-41.10%	-54.34%	-58.16%	4535.84%	-
Accounts Receivable	5.81	3.74	4.13	0.7	0.07
Other Receivables	0	0.08	0.2	-	-
Receivables	5.81	3.82	4.33	0.7	0.07
Inventory	3.06	2.98	3.76	0.69	0.06
Prepaid Expenses	0.92	1.26	1.28	0.61	0.02
Other Current Assets	0.63	0.77	0.72	0.19	0.06
Total Current Assets	11.09	10.5	13.78	10.99	0.39
Property, Plant & Equipment	11.12	10.64	10.32	5.28	0.3
Long-Term Investments	-	-	-	-	0.96
Goodwill	8.43	0.96	0.96	0.58	0.31
Other Intangible Assets	32.44	4.77	4.13	5.81	4.08
Total Assets	63.08	26.88	29.2	22.67	6.03
Accounts Payable	10.06	2.92	2.8	1.56	0.02
Accrued Expenses	1.43	1.51	0.59	0.27	0.06
Short-Term Debt	6.84	7.08	3.54	0.16	0.1
Current Portion of Long-Term Debt	4.32	2.25	2	0.2	0.06
Current Portion of Leases	0.74	0.54	0.33	0.28	-
Current Income Taxes Payable	-	-	-	-0.23	0.01
Current Unearned Revenue	0.49	0.21	0.07	0.51	0.03
Other Current Liabilities	0.18	0.18	0	0.86	0.05
Total Current Liabilities	24.06	14.7	9.33	3.62	0.33
Long-Term Debt	7.2	7.87	6.9	2.71	0.36
Long-Term Leases	1.41	0.98	0.83	1.08	-
Long-Term Deferred Tax Liabilities	0.28	0.28	0.62	-	-
Other Long-Term Liabilities	0.51	0.51	1.1	0	0.03
Total Liabilities	33.46	24.34	18.78	7.41	0.72
Common Stock	50.63	13.36	10.96	9.11	0
Additional Paid-In Capital	0.21	0.21	0.21	2.99	2.99
Retained Earnings	-29.86	-19.44	-7.13	-2.35	0.44
Comprehensive Income & Other	9.19	8.82	7.8	4.51	-
Total Common Equity	30.17	2.96	11.84	14.27	3.43
Minority Interest	-0.91	-0.77	-1.78	0.29	1.19
Shareholders' Equity	29.62	2.54	10.42	15.26	5.32
Total Liabilities & Equity	63.08	26.88	29.2	22.67	6.03
Total Debt	20.51	18.73	13.58	4.43	0.52
Net Cash (Debt)	-19.83	-17.05	-9.9	4.37	0.58
Net Cash Growth	-	-	-	652.97%	-
Net Cash Per Share	-0.13	-0.14	-0.09	0.05	0.01
Filing Date Shares Outstanding	448.62	124	113.94	101.84	76.92
Total Common Shares Outstanding	448.62	124	113.94	101.84	76.92
Working Capital	-12.97	-4.19	4.45	7.37	0.07
Book Value Per Share	0.07	0.02	0.10	0.14	0.04
Tangible Book Value	-10.69	-2.77	6.75	7.87	-0.96
Tangible Book Value Per Share	-0.02	-0.02	0.06	0.08	-0.01
Machinery	13.85	12.79	11.09	4.87	-
Construction In Progress	1.22	0.48	0.1	-	-
Leasehold Improvements	0.37	0.41	0.4	0.02	-

Source: S&P Capital IQ. Standard template. Financial Sources.