<span item_type="fundamental" item_id="1d4202f3cc7f64f1422670f291c864f8" counter_id="ST/US/HOVRW" env="prod"></span><span item_type="announcement" item_id="552211588144627969" env="prod"></span><p>EPS: As of FY2025, the actual value is CAD 0.17.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not yet generated revenues in any of the periods presented and does not expect to begin generating significant revenues until the design, development, and certification of its eVTOL aircraft are completed.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income (Loss)</strong>: The company reported a net income of $5,200 for the year ended May 31, 2025, compared to a net loss of $8,160 for the year ended May 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li><strong>Research and Development Expenses</strong>: Increased by $2,780, from $880 during the year-ended May 31, 2024, to $3,660 during the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li><strong>General and Administrative Expenses</strong>: Increased by $6,181, from $3,744 during the year-ended May 31, 2024, to $9,925 during the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash used in Operating Activities</strong>: Increased by $6,004, from $3,308 for the year-ended May 31, 2024, to $9,312 for the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li><strong>Net Cash used in Investing Activities</strong>: Decreased by $67, from $209 for the year-ended May 31, 2024, to $142 for the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li><strong>Net Cash provided by Financing Activities</strong>: Increased by $10,080, from $5,105 for the year-ended May 31, 2024, to $15,185 for the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Stock-based Compensation</strong>: The company recorded stock-based compensation expenses of $253 related to stock options and $677 related to shares issued for services during the year-ended May 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company anticipates commercialization of its aircraft beginning in 2028 or 2029, requiring significant investment leading up to commercialization, including final engineering designs, prototyping and flight testing, manufacturing, software development, certification, and pilot training.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li>Horizon believes one of the primary drivers for adoption of its aircraft is the value proposition enabled by its aircraft that can take-off and land similar to a helicopter, fly almost twice as fast, and operate with much lower direct operating costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li><li>The company expects to increase hiring to accelerate its engineering and certification efforts in the coming years.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1930021/000121390025079570/ea0245807-10k_newhorizon.htm"></span></li></ul>

NEW HORIZON AIRCRAFT LTD C/WTS 14/02/2028 (TO PUR COM) | 10-K: FY2025 EPS: CAD 0.17