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DEFSEC Technologies Files Restated Interim Financial Statements
Ottawa, Ontario--(Newsfile Corp. - January 30, 2026) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSX...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"DEFSEC Technologies Files Restated Interim Financial StatementsOttawa, Ontario--(Newsfile Corp. - January 30, 2026) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) (\"DEFSEC\" or the \"Company\") announces that it has voluntarily filed restated unaudited condensed consolidated interim financial statements for the three and nine months ended June 30, 2025 and 2024 (the \"Restated Interim Financial Statements\") and related management's discussion and analysis of financial condition and results of operations for the three and nine months ended June 30, 2025 (the \"Restated MD&A\"). The Restated Interim Financial Statements have been amended as a result of errors identified related to the initial measurement of right-of-use assets and lease liabilities associated with the Company's lease entered into in June 2025, as well as the recording of lease-related prepayments associated with the same lease. Changes were limited to the interim statements of financial position and related notes, with no change being made to the interim statements of net loss and comprehensive loss, the interim statements of changes in shareholders' equity or the interim statements of cash flows reported in the Restated Interim Financial Statements.\"Reissuing our Q3 2025 financial results demonstrates our continued commitment to transparency, accuracy and corporate governance,\" said Jennifer Welsh, CFO and Chief Compliance Officer. \"This adjustment is a one-time change with no impact on the Company's cash balance, revenues, expenses or cash flows and results in the Company's working capital as at June 30, 2025 increasing by $0.2 million.\"A copy of the Restated Interim Financial Statements and Restated MD&A may be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.For further information, please contact: Jennifer Welsh, Chief Financial Officer and Chief Compliance Officer [email protected] Sean Homuth, President and Chief Executive Officer [email protected] Jason Frame, Investor Relations +1 (587) 225-2599 [email protected] About DEFSEC DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization ...