Volatus Aerospace Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	1.56	1.26	3.68	8.81	0.19
Cash & Short-Term Investments	1.56	1.56	1.26	3.68	8.81	0.19
Cash Growth	49.76%	24.04%	-65.89%	-58.16%	4535.84%	-
Accounts Receivable	-	4.5	3.74	4.13	0.7	0.07
Other Receivables	-	-	0.08	0.2	-	-
Receivables	-	4.5	3.82	4.33	0.7	0.07
Inventory	-	3.1	2.98	3.76	0.69	0.06
Prepaid Expenses	-	2.05	1.26	1.28	0.61	0.02
Restricted Cash	-	0.24	0.43	-	-	-
Other Current Assets	-	0.52	0.77	0.72	0.19	0.06
Total Current Assets	-	11.98	10.5	13.78	10.99	0.39
Property, Plant & Equipment	-	11.55	10.64	10.32	5.28	0.3
Long-Term Investments	-	-	-	-	-	0.96
Goodwill	-	20.74	0.96	0.96	0.58	0.31
Other Intangible Assets	-	13.54	4.77	4.13	5.81	4.08
Total Assets	-	57.8	26.88	29.2	22.67	6.03
Accounts Payable	-	3.82	2.84	2.8	1.56	0.02
Accrued Expenses	-	1.58	1.51	0.59	0.27	0.06
Short-Term Debt	-	0.95	7.08	3.54	0.16	0.1
Current Portion of Long-Term Debt	-	11.55	2.25	2	0.2	0.06
Current Portion of Leases	-	0.77	0.54	0.33	0.28	-
Current Income Taxes Payable	-	-	-	-	-0.23	0.01
Current Unearned Revenue	-	0.62	0.21	0.07	0.51	0.03
Other Current Liabilities	-	1.07	0.25	0	0.86	0.05
Total Current Liabilities	-	20.37	14.7	9.33	3.62	0.33
Long-Term Debt	-	9.56	7.87	6.9	2.71	0.36
Long-Term Leases	-	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	0.03
Total Liabilities	-	31.47	24.34	18.78	7.41	0.72
Common Stock	-	46.62	13.36	10.96	9.11	0
Additional Paid-In Capital	-	0.21	0.21	0.21	2.99	2.99
Retained Earnings	-	-32.58	-19.44	-7.13	-2.35	0.44
Comprehensive Income & Other	-	12.74	8.82	7.8	4.51	-
Total Common Equity	26.99	26.99	2.96	11.84	14.27	3.43
Minority Interest	-	-0.94	-0.77	-1.78	0.29	1.19
Shareholders' Equity	26.34	26.34	2.54	10.42	15.26	5.32
Total Liabilities & Equity	-	57.8	26.88	29.2	22.67	6.03
Total Debt	24.07	24.07	18.73	13.58	4.43	0.52
Net Cash (Debt)	-22.51	-22.51	-17.47	-9.9	4.37	0.58
Net Cash Growth	-	-	-	-	652.97%	-
Net Cash Per Share	-0.06	-0.07	-0.08	-0.09	0.05	0.01
Filing Date Shares Outstanding	424.16	468.84	124	113.94	101.84	76.92
Total Common Shares Outstanding	424.16	468.84	124	113.94	101.84	76.92
Working Capital	-	-8.39	-4.19	4.45	7.37	0.07
Book Value Per Share	0.06	0.06	0.02	0.10	0.14	0.04
Tangible Book Value	-7.29	-7.29	-2.77	6.75	7.87	-0.96
Tangible Book Value Per Share	-0.02	-0.02	-0.02	0.06	0.08	-0.01
Machinery	-	14.4	12.79	11.09	4.87	-
Construction In Progress	-	1.22	0.48	0.1	-	-
Leasehold Improvements	-	1.28	0.41	0.4	0.02	-

Updated Nov 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.