Vertical Aerospace today provided an operating update and released its financial results for the first half of the year ended June 30, 2025.
According to a press release, the company “maintained industry-leading capital efficiency1 and after July’s successful fundraise of gross proceeds of USD69 million (UKP50.9 million), as of the date of this report, Vertical has approximately UKP104 million (USD137 million) of cash and cash equivalents on hand, taking the company’s cash runway towards the middle of 2026.”
The company said there was no change to expectations for FY 2025 net operating cash outflows of approximately UKP90 million to UKP100 million (USD110 million to USD125 million) and expected net cash outflows from operating activities for the next 12 months of approximately UKP106 million (USD142 million), “which will be used primarily to continue funding the assembly and testing of the VX4 prototypes.”
The filing of its first half-year results is accessible on the Company’s investor relations website.
Stuart Simpson, CEO at Vertical, said: “We’ve entered the second half of the year with strong operational and commercial momentum. Our first airport-to-airport flights, a new agreement with Aciturri to build the full VX4 airframe, and our expanded partnership with Honeywell to certify critical flight systems all demonstrate a programme moving with pace and precision. We’ve also deepened our commercial readiness with Bristow, who will operate the VX4 through a full-service, ready-to-fly model for customers. With every step, we’re building confidence in our aircraft, our team, and our ability to deliver a scalable, certifiable product to the global market.”
For more information
www.vertical-aerospace.com