Volato Group Posts Second Straight Profit, M2i Global Merger On Track for Q4 2025

Volato Group Inc reported a net income of $3.6 million for Q2, compared to a net loss of $16.9 million a year ago. Revenue rose to $24.9 million. The company cut total liabilities to $20.1 million from $39.2 million in the prior quarter. Volato is on track to close its merger with M2i Global in Q4 2025 and expects profitability to continue in H2 2022.

Volato Group Inc. (NYSE American: SOAR) has reported its second consecutive quarterly profit, with a net income of $3.6 million for Q2 2025, compared to a net loss of $16.9 million a year ago [1]. Revenue rose to $24.9 million, indicating a significant improvement in financial performance. The company also achieved a substantial reduction in total liabilities, cutting them from $39.2 million as of March 31, 2025, to $20.1 million as of June 30, 2025 [1]. This aggressive deleveraging positions Volato to invest in high-return growth initiatives and strengthens its balance sheet ahead of the planned merger with M2i Global Inc. (OTC: MTWO) [1].

The company's disciplined cash management and negotiated creditor settlements have been key drivers of this improvement. Volato retired an additional $19.1 million in liabilities during the quarter, bringing the year-to-date reduction to over 68 percent [1]. This aggressive approach to debt reduction enhances financial flexibility and positions the company for future growth opportunities.

Mark Heinen, Chief Financial Officer, noted that the company's financial management and growing profitability position it well to grow its Vaunt platform and advance the merger with M2i Global. Matt Liotta, Chief Executive Officer, echoed this sentiment, stating that the company's strategy is working, even as it navigates a complex financial environment [1].

Volato is on track to close its merger with M2i Global in Q4 2025. The joint integration team is finalizing day-one readiness plans across various departments, including finance, IT infrastructure, cybersecurity, procurement, and compliance. The companies remain on track for the fourth quarter close and will continue to operate independently until completion [1].

Management expects Volato to remain profitable in both the third and fourth quarters of 2025. The scheduled delivery of an additional Gulfstream G280 in Q4 2025 is projected to contribute incremental revenue and margin, further strengthening near-term liquidity [1]. The Vaunt platform, which connects travelers with available private flights, continues to expand its footprint, adding new operator partners and onboarding more customers each month. This platform momentum is expected to drive additional top-line growth and deepen the company’s data-driven insights [1].

References:
[1] https://www.stocktitan.net/news/SOAR/volato-delivers-strong-q2-earnings-accelerates-debt-reduction-ahead-079umf8u522w.html
[2] https://accesswdun.com/article/2025/8/1297672