Volta Dips on Strong Q2 Report

Voltaro Group, Inc. (NYSE: SOAR) today announced financial results for the second quarter ended June 30, 2025, reporting its second consecutive quarterly profit, continued rapid liability reductions, and outlined further milestones toward its planned merger with M2i Global, Inc. (OTC: MTWO).Volato generated $24.9 million in revenue and net income of $3.6 million, or $0.75 per diluted share, in Q2 2025. Driven by disciplined cash management and negotiated creditor settlements, total liabilities declined from $39.2 million as of March 31, 2025 to $20.1 million as of June 30, 2025, strengthening the balance sheet ahead of the pending all-stock merger with M2i Global.This morning’s news release reveals Volato retired an additional $19.1 million of liabilities during the quarter through cash management and negotiated creditor settlements—bringing the year-to-date reduction to over 68 percent. This aggressive deleveraging enhances financial flexibility and positions the Company to invest in high-return growth initiatives.“Our disciplined capital management and growing profitability position us well to grow our Vaunt platform and advance our merger with M2i Global,” said Mark Heinen, Chief Financial Officer. “We remain focused on delivering sustainable growth while strengthening our capital structure.”"We executed with focus and urgency in Q2," said CEO Matt Liotta. "Profitability from continuing operations, major liability reductions, and operational growth across our platforms are all signals that our strategy is working—even as we continue to navigate through a complex financial environment."SOAR shares slid 11 cents, or 7%, to $1.47.