v3.26.1

Condensed Interim Consolidated Statements of Operations (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Feb. 28, 2026	Feb. 28, 2025	Feb. 28, 2026	Feb. 28, 2025
Operating expenses
Research and development	$ 4,283	$ 443	$ 9,610	$ 1,167
General and administrative	3,306	3,111	9,006	8,365
Total operating expenses	7,589	3,554	18,616	9,532
Loss from operations	(7,589)	(3,554)	(18,616)	(9,532)
Other expenses (income)	487	11	196	(7)
Interest expense (income), net	(182)	(51)	(494)	(75)
Change in fair value of Warrants	(995)	1,429	8,134	(601)
Change in fair value of Forward Purchase Agreement				740
Gain on Termination of Forward Purchase Agreement				(21,400)
Total other expenses	(690)	1,389	7,836	(21,343)
Loss before income taxes	(6,899)	(4,943)	(26,452)	11,811
Income tax expense
Net Income (loss)	$ (6,899)	$ (4,943)	$ (26,452)	$ 11,811
Income (loss) per share:
Basic: (in Dollars per share)	$ (0.16)	$ (0.17)	$ (0.64)	$ 0.49
Diluted: (in Dollars per share)	$ (0.16)	$ (0.17)	$ (0.64)	$ 0.45
Shares used in computing Income (loss) per share:
Basic: (in Shares)	44,329,214	29,474,362	41,251,886	23,959,175
Diluted: (in Shares)	44,329,214	29,474,362	41,251,886	26,517,135

Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

New Horizon Aircraft Ltd. 10-Q