New Horizon Aircraft Ltd. (HOVR)

New Horizon Aircraft Balance Sheet

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	May 31, 2025	May 31, 2024	Dec 31, 2023	May 31, 2023	Dec 31, 2022
Cash & Equivalents	7.55	1.82	0.02	0.23	0.09
Cash & Short-Term Investments	7.55	1.82	0.02	0.23	0.09
Cash Growth	315.58%	11152.94%	-92.92%	158.28%	1942.50%
Other Receivables	0.1	0.42	-	0.02	-
Receivables	0.1	0.42	-	0.02	-
Prepaid Expenses	0.53	2.43	0.07	0	0
Other Current Assets	-	-	0.03	-	-
Total Current Assets	8.17	4.66	0.12	0.25	0.09
Property, Plant & Equipment	0.24	0.28	-	0.19	-
Long-Term Deferred Charges	-	-	-	-	0.37
Other Long-Term Assets	-	-	121.96	-	-
Total Assets	8.41	4.94	122.08	0.44	0.46
Accounts Payable	0.68	0.72	0.69	0.17	-
Accrued Expenses	0.63	0.57	0.13	0.05	0.14
Short-Term Debt	-	-	0.18	1.18	0.3
Current Portion of Long-Term Debt	-	-	-	0.04	-
Current Portion of Leases	0.02	0.04	-	0.05	-
Total Current Liabilities	1.33	1.33	0.99	1.49	0.44
Long-Term Debt	-	-	-	0.26	-
Long-Term Leases	0.01	0.03	-	0.07	-
Other Long-Term Liabilities	4.49	21.51	127.96	-	-
Total Liabilities	5.82	22.88	128.95	1.83	0.44
Common Stock	84.56	74.41	0	5.08	0
Additional Paid-In Capital	-	-	-	0.06	0.02
Retained Earnings	-9.48	-14.68	-6.86	-6.52	-0.01
Comprehensive Income & Other	-78.77	-77.66	-	-	-0
Total Common Equity	-3.69	-17.93	-6.86	-1.39	0.02
Shareholders' Equity	2.59	-17.93	-6.86	-1.39	0.02
Total Liabilities & Equity	8.41	4.94	122.08	0.44	0.46
Total Debt	0.03	0.07	0.18	1.61	0.3
Net Cash (Debt)	7.52	1.74	-0.16	-1.38	-0.21
Net Cash Growth	331.51%	-	-	-	-
Net Cash Per Share	0.24	0.16	-0.01	-0.19	-0.07
Filing Date Shares Outstanding	39.21	18.61	15.6	7.33	2.85
Total Common Shares Outstanding	32.33	18.61	15.6	7.33	2.85
Working Capital	6.85	3.33	-0.86	-1.24	-0.35
Book Value Per Share	-0.11	-0.96	-0.44	-0.19	0.01
Tangible Book Value	-3.69	-17.93	-6.86	-1.39	0.02
Tangible Book Value Per Share	-0.11	-0.96	-0.44	-0.19	0.01
Machinery	0.12	0.13	-	0.08	-
Leasehold Improvements	0.12	0.02	-	0.01	-

Updated Aug 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q