New Horizon Aircraft Ltd. HOVR
Original Equipment Manufacturer ("OEM") that is designing and building a next generation hybrid-electric Vertical Takeoff
and Landing ("eVTOL") aircraft for the Regional Air Mobility ("RAM") market. Our aircraft aims to offer a more
efficient way to move people and goods at a regional level, from 50 to 500 miles, help to connect remote communities, and improve our
ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating income | — | — | -$1.7M | — |
| Pre-tax income | — | — | $9.7M | — |
| Income tax | — | — | $1.1M | — |
| Net income | — | — | $8.6M | — |
| Shares, diluted (wtd. avg.) | $43.0M | $30.8M | $10.7M | $7.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | — | — | $16.1K | $88.3K |
| Total current assets | — | — | $121.8K | $89.6K |
| Total assets | — | — | $122.1M | $458.5K |
| Accounts payable | — | — | $685.0K | — |
| Total current liabilities | — | — | $986.2K | $442.1K |
| Total liabilities | — | — | $7.1M | $442.1K |
| Retained earnings | — | — | -$6.9M | -$8.7K |
| Total equity | — | — | -$6.9M | $16.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | — | — | -$2.1M | — |
| Investing cash flow | — | — | -$116.7M | — |
| Financing cash flow | — | — | $118.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-078490.
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