Jet.AI Reports Third Quarter 2025 Financial Results and Shares Progress on the Third Milestone of the Canadian Hyperscale Data Center Project

LAS VEGAS, Nov. 14, 2025 (GLOBE NEWSWIRE) — Jet.AI. Inc. (“Jet.AI” or the “Firm”) (Nasdaq: JTAI), an rising chief in high-performance GPU infrastructure and AI cloud companies, as we speak introduced monetary outcomes for the third quarter ended September 30, 2025 and highlights the numerous progress and developments made on the third milestone of the Canadian Hyperscale Knowledge Heart Undertaking with Consensus Core Applied sciences, Inc. (“Consensus Core”).

Latest Operational Highlights

• Accomplished second milestone of Canadian Hyperscale Knowledge Heart Undertaking in partnership with Consensus Core Applied sciences Inc.
• Prolonged outdoors date of proposed merger with flyExclusive, Inc. (“flyExclusive”) to December 31, 2025 amid the federal government shutdown, which quickly halted the SEC’s assessment of all merger proxies
• Introduced profitable closing of AI Infrastructure Acquisition Corp.’s preliminary public providing, bolstering Jet.AI’s e-book fairness by roughly $20 million from the minority possession stake in AI Infrastructure Acquisition Corp.’s sponsor, AIIA Sponsor Ltd.

Administration Commentary

Founder and Government Chairman Mike Winston said: “Over the previous a number of weeks and months, we’ve made significant progress throughout our ongoing initiatives to additional transition Jet.AI into a frontrunner of high-performance GPU infrastructure and AI cloud companies. The AI Infrastructure Acquisition Corp. preliminary public providing efficiently closed and was oversubscribed, which bolstered Jet.AI’s e-book fairness by $20 million by way of our possession stake within the sponsor. We additionally prolonged the surface date for our flyExclusive merger settlement amidst the federal government shutdown; nonetheless, each events stay keen and optimistic about closing the transaction by year-end. Lastly, and most notably, we’ve got efficiently accomplished our second milestone throughout our Canada information middle tasks with our companions at Consensus Core. With a powerful basis of property, power, and pure assets accessible, our focus now shifts towards changing these into significant, tangible outcomes. For the rest of the 12 months, we’ll prioritize driving measurable progress in direction of our third milestone below the Canada information middle challenge whereas working in direction of closing the proposed flyExclusive deal. We stay absolutely dedicated in our pivot into the info middle sector and sit up for the upcoming progress, achievements, and milestones to return in 2026.”

Canadian Hyperscale Knowledge Heart Undertaking: Third Milestone Progress Replace

Mike Winston commented: “Since finishing the second milestone of our Canadian information middle challenge simply final week, I’m happy to report the numerous progress we’ve made towards the third milestone. For the Midwestern Undertaking, the submission of the Transmission Energy Load Research utility is considerably full, and we’ve got made vital progress in securing affirmation from the pure fuel utility provider to offer adequate stream to function the six proposed generators. Conversations with the pure fuel utility provider are ongoing, and we don’t count on their affirmation to current any bottlenecks. For the Maritime Undertaking, discussions with the ability producer are progressing properly and are nearing the signing of a LOI to amass energy from their proposed wind farm. Consensus Core stays an distinctive parter whose contributions and help have been invaluable all through the challenge, and we sit up for executing our 5 milestones collectively.”

Third Quarter 2025 Monetary Outcomes

Revenues have been $1.7 million in comparison with $3.9 million in the identical interval final 12 months. The lower was primarily on account of a discount in Cirrus Constitution and Jet Card income as a result of deliberate sale of the Firm’s fractional and jet card enterprise to flyExclusive.

Software program App and Cirrus Constitution revenues, which is comprised of charters booked by way of CharterGPT and Cirrus, was $642,000 in comparison with $2.4 million in the identical interval final 12 months.

Administration and Different Companies income, which is comprised of revenues generated from managing and chartering the Firm’s buyer plane, totaled $884,000 in comparison with $960,000 in the identical interval final 12 months.

Jet Card and Fractional Packages income, which is generated from the sale and use of jet playing cards and repair income associated to ongoing utilization by the Firm’s fractional prospects, totaled $185,000 in comparison with $547,000 in the identical interval final 12 months.

Price of revenues totaled $2.0 million in comparison with $3.9 million in the identical interval final 12 months. The lower was primarily on account of lower in Cirrus constitution flight exercise, third-party constitution prices, and service provider charges and federal excise tax referring to constitution flights.

Gross loss totaled roughly $288,000 in comparison with a lack of $14,000 in the identical interval final 12 months. The lowered gross loss was largely pushed by lowered flights carried out for jet card prospects and not using a corresponding discount in fastened prices.

Working bills totaled $1.7 million in comparison with $2.9 million in the identical interval final 12 months. The advance was primarily on account of a lower generally and administrative bills and analysis and improvement prices.

Working loss was roughly $2.0 million in comparison with a lack of $2.9 million in the identical interval final 12 months. The lower was primarily as a result of lower generally and administrative bills.

As of September 30, 2025, the Firm had money and money equivalents of roughly $3.5 million.

9 Months 2025 Monetary Outcomes

Revenues for the 9 months ended September 30, 2025 have been $7.4 million in comparison with $10.8 million in the identical interval final 12 months. The lower was primarily on account of decreases in Software program App and Cirrus Constitution income and Jet Card Income, however partially offset by elevated Administration and Different Companies revenues.

Software program App and Cirrus Constitution income for the 9 months ended September 30, 2025 was $3.8 million in comparison with $6.4 million in the identical interval final 12 months.

Administration and Different Companies income for the 9 months ended September 30, 2025 barely elevated to $2.7 million in comparison with the identical interval final 12 months.

Jet Card and Fractional Packages income for the 9 months ended September 30, 2025 totaled $949,000 in comparison with $1.8 million in the identical interval final 12 months.

Price of revenues for the 9 months ended September 30, 2025 totaled $7.9 million in comparison with $11.4 million in the identical interval final 12 months. The lower was primarily on account of a lower in jet card and Cirrus constitution flight exercise, third-party constitution prices, and federal excise tax and service provider charges referring to constitution flights.

Gross loss for the 9 months ended September 30, 2025 totaled roughly $514,000 in comparison with a lack of $555,000 in the identical interval final 12 months, on account of decreased upkeep prices and decrease HondaJet utilization.

Working bills for the 9 months ended September 30, 2025 totaled $7.1 million in comparison with $8.7 million in the identical interval final 12 months. The lower was primarily on account of a lower generally and administrative bills.

Working loss for the 9 months ended September 30, 2025 was roughly $7.6 million in comparison with a lack of $9.3 million in the identical interval final 12 months. The lower was primarily as a result of aforementioned lowered gross loss and reduce in working bills for the quarter.

About Jet.AI

Based in 2018 and primarily based in Las Vegas, NV, Jet.AI at the moment gives non-public aviation companies and is increasing its strategic focus to incorporate investments within the AI and information middle sectors. Leveraging a management group with deep experience in information middle improvement and AI-driven applied sciences, Jet.AI intends to construct a scalable, high-performance infrastructure to help the growing computational calls for of synthetic intelligence. The Firm’s suite of AI-powered instruments stems from its origin as an aviation firm, and leverages pure language processing applied sciences to boost effectivity, optimize operations, and streamline the non-public jet reserving expertise.

Ahead-Wanting Statements

This press launch comprises sure statements that could be deemed to be “forward-looking statements” throughout the that means of the federal securities legal guidelines, together with the secure harbor provisions below the Personal Securities Litigation Reform Act of 1995, with respect to the services and products provided by Jet.AI and the markets by which it operates, and Jet.AI’s projected future outcomes. Statements that aren’t historic are forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. Ahead-looking statements relate to future occasions or our future efficiency or future monetary situation. These forward-looking statements usually are not historic information, however somewhat are primarily based on present expectations, estimates and projections about our Firm, our business, our beliefs and our assumptions. These forward-looking statements typically are recognized by the phrases “imagine,” “challenge,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “can be,” “will proceed,” “will doubtless end result,” and comparable expressions or the adverse of those phrases or different comparable expressions, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking. Ahead-looking statements are predictions, projections and different statements about future occasions which are primarily based on present expectations and assumptions and, in consequence, are topic to dangers and uncertainties that would trigger the precise outcomes to vary materially from the anticipated outcomes. In consequence, warning have to be exercised in counting on forward-looking statements, which communicate solely as of the date they have been made. Elements that would trigger precise outcomes to vary materially from these expressed or implied in forward-looking statements will be discovered within the Firm’s most up-to-date Annual Report on Kind 10-Okay and subsequent stories filed with the Securities and Trade Fee. These filings establish and tackle different necessary dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Readers are cautioned to not put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not due to new info, future occasions, or in any other case, besides as supplied by regulation.

Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com

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