Vertical Aerospace ‘on track’ to meet FY25 net operating cash outflow guidance

The company said, “With the UK/European certification process front-loaded, Vertical has a clear timeline and path to type certification in 2028, enabling the Company to forecast the further cost to certification at approximately $700 million. UK/European certification is the highest safety threshold and Vertical is achieving it for a fraction of the cost to the rest of the market. Vertical remains on track to meet our 2025 net operating cash outflow guidance of $110-125 million, supported by disciplined cost controls and industry-leading capital efficiency. As of the date of this report, Vertical has approximately GBP 89 million of cash and cash equivalents on hand, currently projected to fund the Company’s operations towards the middle of 2026. Expected net cash outflows from operating activities for the next 12 months to be approximately GBP 175 million, which are expected to be used primarily to fund testing of the prototype aircraft, and to further develop our certification aircraft.”