Core Insights - Volatus Aerospace Inc. reported Q1 2025 financial results, generating revenues of CAD 5,713,158 with a gross margin of 32% [2][6] - The company achieved a 30% year-over-year improvement in Adjusted EBITDA, reducing losses from CAD 1.39 million in Q1 2024 to CAD 978,000 in Q1 2025 [7][8] - The company is focusing on operational efficiency and strategic partnerships to enhance its market position and profitability [8] Financial Highlights - Revenue for Q1 2025 was CAD 5,713,158, down from CAD 6,623,741 in Q1 2024, reflecting a strategic repositioning towards a more profitable revenue mix [7][11] - Gross profit was CAD 1,829,973, with a gross margin of 32%, compared to 34% in Q1 2024, primarily due to a higher proportion of lower-margin equipment sales [7][11] - Comprehensive loss increased to CAD 4,285,320 in Q1 2025 from CAD 2,991,319 in Q1 2024, indicating ongoing challenges despite operational improvements [7][11] Operational Highlights - The company experienced a 47% quarter-over-quarter increase in equipment sales driven by changes in tariff policies in the US market [7] - Volatus closed a fully subscribed LIFE Offering of CAD 3,000,000 and a shares-for-debt transaction of CAD 2,646,000, strengthening its balance sheet [6][7] - The company announced several strategic partnerships to enhance its operational capabilities, including collaborations with Ondas Holdings and Draganfly for various projects [7][8] Regulatory and Market Developments - Volatus obtained Canada-wide approval for long-distance, remotely piloted BVLOS drone operations at night, which supports its expansion plans [7] - The company surpassed 75,000 flight hours in pipeline integrity monitoring, showcasing its operational experience and capabilities [7] - Ongoing geopolitical challenges are being navigated through diversification and securing key regulatory approvals [8]

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT; OTCQX: TAKOF; Frankfurt: A2JEQU) (“Volatus”, or the “Company”), a leading provider of innovative aerial intelligence and logistics solutions, is proud to announce that Transport Canada has granted the Company additional nationwide Special Flight Operations Certificates (SFOC) that dramatically expand the scope and flexibility of Vo ...

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) (“Volatus” or the “Company”), a leader in global aerial solutions, is pleased to announce a proposed shares-for-debt settlement aimed at enhancing shareholder value and strengthening the Company’s balance sheet. The Company has reached an agreement, subject to receipt of TSX Venture Exchange (“TSX ...

Core Points - Volatus Aerospace Inc. has completed a shares-for-debt transaction, issuing 20,174,280 common shares and 17,640,000 warrants to settle a debt of $3,026,142 [1][2] - The common shares were issued at a deemed price of $0.15 per share, while each warrant is exercisable at $0.20 per share for three years, with potential acceleration based on trading price conditions [2][3] - The transaction is subject to a hold period of four months and one day and requires final approval from the TSX Venture Exchange (TSXV) [3][4] Company Overview - Volatus Aerospace is a leader in global aerial solutions, focusing on intelligence and cargo services, with over 100 years of combined institutional knowledge in aviation [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, aiming to enhance operational efficiency, safety, and sustainability [5]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ FORM 10-Q _________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

Financial Performance - Corpay reported first quarter 2025 revenues of $1,005.7 million, an increase of 8% compared to $935.3 million in the first quarter of 2024[5]. - Net income attributable to Corpay rose 6% to $243.2 million in the first quarter of 2025, up from $229.8 million in the same period last year[5]. - Organic revenue growth for the first quarter of 2025 was 9%, with the Corporate Payments segment growing by 19%[2]. - Adjusted EBITDA increased 8% to $555.4 million in the first quarter of 2025, compared to $516.5 million in the first quarter of 2024[5]. - Basic earnings per share increased by 8% to $3.46 in Q1 2025, up from $3.20 in Q1 2024[20]. - Adjusted net income attributable to Corpay for Q1 2025 was $322,926, up from $301,320 in Q1 2024, indicating a growth of 7.2%[26]. - Consolidated net revenues reached $1,005.7 million, representing an 8% increase compared to $935.3 million in the same quarter last year[34]. Revenue Guidance - For fiscal year 2025, Corpay expects total revenues between $4,380 million and $4,460 million[6]. - Net income guidance for fiscal year 2025 is projected to be between $1,167 million and $1,207 million[6]. - Adjusted net income for fiscal year 2025 is anticipated to be between $1,485 million and $1,525 million[6]. - Q2 2025 net income guidance is estimated between $272 million and $282 million[38]. - Q2 2025 adjusted net income is projected to be between $359 million and $369 million[38]. - Q2 2025 adjusted net income per diluted share is expected to range from $5.05 to $5.15[38]. - Adjusted net income per diluted share for 2025 is forecasted to range from $20.80 to $21.20[38]. Investment and Acquisitions - The company plans to invest $500 million to acquire AvidXchange alongside TPG, enhancing its market position[2]. - The company maintains its original 2025 outlook while incorporating the recent Gringo acquisition, expecting revenue growth acceleration[4]. Assets and Liabilities - Total current assets rose to $9,077,561 as of March 31, 2025, compared to $8,675,869 at the end of 2024, marking a 5% increase[22]. - Total assets increased to $18,547,780 as of March 31, 2025, up from $17,957,031 at the end of 2024, representing a growth of 3.3%[22]. - Total liabilities increased to $15,053,698 as of March 31, 2025, compared to $14,811,042 at the end of 2024, reflecting a rise of 1.6%[22]. - Cash and cash equivalents and restricted cash at the end of Q1 2025 totaled $4,383,423, compared to $3,202,676 at the end of Q1 2024[24]. - The company reported a net cash used in operating activities of $(74,151) for Q1 2025, a significant decrease from $350,184 in Q1 2024[24]. Segment Performance - Vehicle Payments segment reported net revenues of $487.1 million for Q1 2025, a decrease of 1% from $494.1 million in Q1 2024[29]. - Corporate Payments segment saw a significant increase in net revenues to $352.7 million, up 33% from $265.4 million year-over-year[32]. - The Lodging Payments segment reported net revenues of $110.2 million, a slight decrease of 1% from $111.3 million in Q1 2024[32]. - Other segment revenues decreased by 14% to $55.7 million, with transactions increasing by 12% to 422 million[32]. - Operating income for the Vehicle Payments segment increased by 2% to $230.2 million, while Corporate Payments saw a 30% rise to $135.9 million[32]. - The Corporate Payments segment's spend volume increased by 38% to $50.7 billion compared to $36.8 billion in the previous year[32]. - The average monthly tag subscriptions for Q1 2025 were 7.6 million, with tag transactions increasing by 8% to 22.9 million[29]. Tax and Adjustments - Corpay's effective tax rate is estimated to be approximately 25.5% to 26.5% for the year[10]. - Total pre-tax adjustments for 2025 are consistent at $428 million[38]. - Total pre-tax adjustments for Q2 2025 are also consistent at $118 million[38]. - Stock-based compensation for 2025 is estimated at $108 million[38]. - Diluted shares remain constant at 72 million for both 2025 and Q2 2025[38].

Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 25,000,000 units of the Company ("Units") at a price of $0.12 per U ...

Core Insights - Volatus Aerospace Inc. reported financial results for FY 2024, generating total revenue of CAD 27,147,414, with a 16% year-over-year growth in services and technology revenue [2][6][10] - The company achieved a record blended gross margin of 38% in Q4 2024, up from 27% in Q3 2024, primarily due to a higher mix of margin services and technology revenue [2][6] - Normalized EBITDA for Q4 2024 was near breakeven at $(206,900), a significant improvement from $(3,344,056) in Q4 2023, attributed to successful integration efforts and cost synergies from the merger with Drone Delivery Canada [2][6][10] Financial Highlights - Total revenue for FY 2024 was CAD 27,147,414, a decrease from CAD 34,872,815 in FY 2023, with a focus on higher-margin services [6][10] - Gross profit for FY 2024 was CAD 9,556,299, with an overall gross margin increase from 32% in FY 2023 to 35% in FY 2024 [6][10] - The company realized approximately CAD 3,770,000 in cost synergies from the merger within four months [6][10] Operational Highlights - The active sales pipeline exceeds CAD 600 million, indicating strong future revenue potential [6] - Volatus completed acquisitions of UAVHub and The Drone Mentor, enhancing its operational capabilities [7] - The company expanded its global ecosystem into markets such as the UK, India, and Norway [7] Strategic Developments - A partnership was announced with DroneUp LLC to accelerate drone deliveries in the United States [11] - The company obtained Canada-wide approval for long-distance, remotely piloted BVLOS drone operations at night [11] - Volatus will host a webinar on May 2, 2025, to discuss financial results and major milestones [8]

The Company intends to use the net proceeds of the LIFE Offering for capital expenditures, inventory and general corporate and working capital purposes. The LIFE Offering is expected to close on or before May 9, 2025, or such other dates as the Company may decide (the "Closing Date"). The LIFE Offering is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange ("TSXV"), regulatory and other approvals. The LIFE Offering may be closed in multiple tranches. ...

Group 1 - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 16,666,667 units at a price of $0.12 per unit, aiming for gross proceeds of up to $2,000,000.04 [1][4] - Each unit consists of one common voting share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20 for 36 months [2] - The net proceeds from the financing will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [3] Group 2 - The financing is expected to close on or before May 9, 2025, subject to customary conditions and regulatory approvals [4] - The company may pay eligible finders a cash fee of up to 8% of the gross proceeds from the financing [4] - The offering is being conducted under the Listed Issuer Financing Exemption, meaning securities issued to Canadian residents will not be subject to a hold period [6] Group 3 - Volatus Aerospace is recognized for its innovative global aerial solutions, serving various industries including oil and gas, energy utilities, healthcare, public safety, and infrastructure [8] - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [8]