New Horizon Aircraft Ltd. Q3 FY2026 earnings call

Brandon noted that the advanced air mobility sector is growing constructively. Horizon is focused on the development of the Cavarite X - 7. From a developmental standpoint, the primary focus is on the continued design and production of full - scale aircraft prototypes, with the intention to complete the full - scale aircraft by the end of the year to begin ground testing and ultimately flight testing in early 2027. The hybrid electric architecture is a key differentiator. In terms of partnerships, Horizon contracted the production of its fuselage structure to Ramps Group and wings to North Aircraft Industries, and announced a key collaboration with Mitsubishi Heavy Industries Regional Jet Aviation Group. Financially, the company ended the third quarter with approximately $20 million in cash, demonstrating disciplined focus on capital efficiency. There are also supportive regulatory and policy developments for the advanced air mobility sector in Canada and the United States.

No specific financial performance and revenue contribution% for product segments provided

Intends to complete the full - scale aircraft by the end of the year, which will position it to begin ground testing and ultimately flight testing in early 2027. Anticipates cash - from operations to remain consistent or modestly increase through to the completion of the full - scale demonstrator aircraft. Focus remains on disciplined execution, advancing the full - scale aircraft flight program, furthering certification efforts, and preparing for commercial flight ops prior to 2030.

Forward - looking statements involve risks and uncertainties that may cause actual results to differ materially. There is no obligation to update forward - looking statements as a result of new information or future events. Risks related to actual results not aligning with assumptions made in forward - looking statements are present.

Q: Dick Ryan of Oak Ridge Financial asked about key collaborations next and timing of testing into known icing.

A: Brandon talked about the Canadian advanced aerospace ecosystem and partnerships, and explained that testing into known icing would use the ACE Climatic Wind Tunnel with various anti - icing/de - icing technologies.

Q: Josh Sullivan of Jones Trading asked about flight testing schedule and X - 7's operating costs.

A: Brandon discussed the flight testing schedule including ground testing, high - speed taxi testing, and the comparison of X - 7's operating costs to helicopters and peers, highlighting its cost efficiencies.

Q: Brian Lantier of Zach's Small Cap Research asked about feedback on redesign and military design.

A: Brandon mentioned positive feedback from operators on the redesign and that the full - scale prototype is designed with defense - specific requirements.

Q: Follow - up on cash runway and execution milestones.

A: Brian said the company has $20 million in cash providing over 12 months of working capital runway, and execution milestones include locking down suppliers, building test rigs, etc.

Q: Question on partnership with MHIRJ.

A: Brandon said it is an engineering and expertise partnership with potential for more