New Horizon Aircraft FY26 net loss widens to CAD 33.1 million

• New Horizon Aircraft posted a net loss of CAD 33.1 million for FY ended May 31, 2026, swinging from net income of CAD 5.2 million.
• Operating loss widened 72.75% to CAD 23.47 million as operating expenses climbed 72.75% to CAD 23.47 million.
• Research and development costs more than doubled to CAD 13.24 million, while general and administrative expense edged up 3.01% to CAD 10.22 million.
• Cash used in operating activities increased 77.11% to CAD 16.49 million, while cash and cash equivalents totaled CAD 78.3 million at year-end.
• Horizon expects its full-scale technical demonstrator to begin flight testing in 2026 or 2027, with commercialization anticipated in 2028 or 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Horizon Aircraft Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-078490), on July 16, 2026, and is solely responsible for the information contained therein.