Horizon Aircraft Provides Business Update and Fourth Quarter and Full Year 2025 Results

Core Insights - Horizon Aircraft has achieved a significant milestone by successfully completing one of the world's first fan-in-wing forward transition flights with its large-scale prototype in May 2025, enhancing the credibility of its Cavorite X7 aircraft design [1][5] - The company reported a strong financial position with approximately $17 million in cash, providing sufficient capital to complete its full-scale demonstrator aircraft within the next 18 months [1][5] - Horizon Aircraft is focused on developing a hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft that aims to lead the industry in speed, range, and operational utility [2] Business Update - The year ending May 31, 2025, was pivotal for Horizon Aircraft, marked by advancements in design, technical testing, personnel hires, and funding efforts [1] - The company has made significant progress in its commercialization strategy, resulting in reduced aircraft development costs compared to other eVTOL organizations [5] - Horizon Aircraft has successfully attracted world-class talent to its engineering team, enhancing its capabilities for future development [5] Financial Position - Horizon Aircraft's balance sheet reflects strong liquidity, with over 18 months of operational funding available [5] - The company has secured significant commitments from government agencies for non-dilutive funding grants, further strengthening its financial outlook [5]