The third quarter of 2025 proved to be a landmark period for Volatus Aerospace Corp., with the Canadian drone and defense technology specialist posting the strongest financial results in its corporate history. A surge in defense sector demand has been the primary catalyst for this record-breaking performance.
Financial Highlights Showcase Dramatic Growth
The company’s latest quarterly figures reveal a period of exceptional expansion, significantly outpacing previous forecasts.
- Quarterly Revenue: CAD 10.6 million, representing a 60% increase compared to Q3 2024.
- Year-to-Date Revenue: CAD 26.9 million, a growth of 32%.
- Gross Profit: Reached CAD 3.47 million with a 33% margin.
- Adjusted EBITDA Loss: Narrowed to CAD 661,000, marking a 52% improvement year-over-year.
- Equipment Sales: Skyrocketed by 427% compared to the same period last year.
This dramatic revenue expansion is largely attributed to the company’s defense equipment division. This segment now accounts for 53% of total quarterly sales, a substantial jump from just 16% in the prior year.
Defense Contracts and Strategic Agreements Fuel Expansion
A key driver of growth was the delivery of tactical Intelligence, Surveillance, and Reconnaissance (ISR) systems and related training, valued at CAD 4.06 million, to a NATO partner nation. This solidifies the defense vertical as Volatus Aerospace’s primary growth engine.
Beyond defense, the company secured a significant multi-year contract with a major North American utility provider. The agreement covers inspection and vegetation management services across approximately 100,000 miles of transmission and distribution infrastructure.
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Strengthened Balance Sheet with Enhanced Liquidity
Volatus Aerospace’s financial position has strengthened considerably. The company ended the quarter with a cash balance of CAD 17.3 million. Following subsequent successful funding initiatives, total available liquidity now stands at approximately CAD 40 million.
Recent capital raises contributing to this robust position include:
* A CAD 10 million private placement (July 2025).
* A CAD 4.83 million “bought deal” public offering (August 2025).
* A combined financing round totaling CAD 26.39 million (November 2025).
Path to Profitability Gains Momentum
The company’s net loss for the quarter showed clear improvement, decreasing to CAD 4.54 million from CAD 5.49 million in Q3 2024. On a per-share basis, the loss was halved from CAD 0.02 to CAD 0.01.
Operational leverage continues to improve as the revenue mix shifts toward higher-margin service and training offerings. These segments contributed 47% of the total Q3 revenue, supporting healthier overall margins.
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