Amit Dayal

Austin Moeller

Edison Yu

Jesse Sobelson

Savanthi Syth

- Vertical Aerospace (EVTL) announced on **September 17, 2025**, that it requires an additional **$700 million** in capital to achieve certification of its all-electric VX4 aircraft by **2028**.  **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:0]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:2]** 
- The company projects achieving **cash break-even by the end of 2029**, with **over $100 million in positive free cash flow in 2030**, and anticipates generating **approximately $1.0 billion in consolidated annual revenues by 2030** at a **20% gross profit margin**.  **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** 
- Operational targets were revised upwards, including cumulative aircraft deliveries of **at least 175 units by end 2030** and an annual production run-rate of **greater than 225 units by Q4 2030**.  **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** 
- Initial manufacturing facilities have been secured, including an expanded aircraft assembly site at Cotswold Airport with capacity for **over 25 VX4 aircraft annually**, and an expanded battery production facility in Avonmouth, tripling capacity.  **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:0]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:2]**