Quarterly ResultApr 14, 2026, 12:49 PM
New Horizon Aircraft Q1 2026 Cash Up 160% to $19.67M
AI Summary
New Horizon Aircraft Ltd. reported its financial results for the quarter ended February 28, 2026. The company significantly increased its cash and cash equivalents to $19.67 million, a 160% rise from $7.55 million as of May 31, 2025. Total current assets also grew substantially to $21.06 million from $8.17 million, indicating improved liquidity and financial strength.
Key Highlights
- Cash and cash equivalents rose to $19.67M from $7.55M.
- Total current assets increased to $21.06M from $8.17M.
- 45,263,348 Class A ordinary shares outstanding as of April 14, 2026.