New Horizon Aircraft Q3 FY26 net loss widens to C$6.9 million; operating loss deepens to C$7.6 million

• New Horizon Aircraft posted a net loss of CAD 6.9 million for quarter ended Feb. 28, 2026, widening from a year earlier.
• Revenue remained nil as Horizon stayed in research, development, certification, and manufacturing preparation for its eVTOL aircraft program.
• Operating loss widened to CAD 7.6 million as operating expenses climbed to CAD 7.6 million, driven by higher staffing and engineering tied to the full-scale prototype build.
• Cash and cash equivalents totaled about CAD 20 million at Feb. 28, 2026, with net cash from financing activities of CAD 24.7 million over the nine months.
• Horizon reiterated it expects to fund its current operating plan for at least 12 months, while noting substantial doubt about its ability to continue as a going concern beyond that period without additional capital.

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: 0001213900-26-043197), on April 14, 2026, and is solely responsible for the information contained therein.