New Horizon Aircraft Ltd. reported a consolidated net loss of $(33.096M) for the year ended May 31, 2026, versus net income of $5.2M for the year ended May 31, 2025. The company remains pre-revenue with commercialization expected in 2028–2029.
Financial Highlights
- Revenue: $0 for the years ended May 31, 2026 and May 31, 2025 (pre-revenue; commercialization expected 2028–2029).
- Net income: $(33.096M) net loss for year ended May 31, 2026, compared with $5.200M net income for year ended May 31, 2025 (∆ $(38.296M)).
- Diluted EPS: Not disclosed in the provided sections; diluted EPS not reported in MD&A or results summary.
Business Highlights
- Product development: Completed large-scale prototype flight testing and is assembling a full-scale technical demonstrator planned for flight testing in 2026–2027.
- Market strategy: Pursuing a dual-use go-to-market targeting civilian and military channels to accelerate adoption via medevac, disaster response, cargo, and defense applications.
- Certification: Actively engaging with Transport Canada Civil Aviation (TCCA) and the FAA and partnering with 3C for certification planning; type certification remains on the critical path to commercialization.
- R&D and scale-up: Significant ramp in R&D headcount, engineering, flight software, tooling, and prototype manufacturing to support commercialization efforts.
- Revenue timing and outlook: Company is pre-revenue with commercialization anticipated in 2028–2029, dependent on certification, market development, and regional air mobility adoption.
Original SEC Filing:
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