EPS: As of FY2025 Q1, the actual value is USD 0.08.

Segment Revenue

• Interest Earned on Marketable Securities Held in Trust Account: $95,000 for the three months ended March 31, 2025, compared to $277,000 for the same period in 2024.

Operational Metrics

• Operating Expenses: - $143,000 for the three months ended March 31, 2025, compared to - $240,000 for the same period in 2024.
• Financial Expenses: - $30,000 for the three months ended March 31, 2025, with no financial expenses reported for the same period in 2024.
• Net Earnings (Loss) for the Period: - $78,000 for the three months ended March 31, 2025, compared to $37,000 for the same period in 2024.

Cash Flow

• Net Cash Provided by (Used in) Operating Activities: $33,000 for the three months ended March 31, 2025, compared to - $614,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $75,000 for the three months ended March 31, 2025, compared to $890,000 for the same period in 2024.

Unique Metrics

• Sponsor Loan: $780,000 as of March 31, 2025, compared to $689,000 as of December 31, 2024.
• Promissory Note: $646,000 as of March 31, 2025, compared to $632,000 as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company is advancing activities towards consummating a Business Combination with Tembo e-LV B.V., with the consideration to be paid to the equity holders of Tembo being $838 million, entirely in the form of newly issued ordinary shares of the new combined company, with each share valued at $10.00.
• Non-Core Business: The company received a non-binding proposal from Energi Holdings Limited for a direct strategic acquisition of VivoPower’s subsidiary, Tembo, with Energi expressing support for Tembo’s planned business combination with the company.
• Priority: The company intends to apply for up-listing on the Nasdaq Stock Market in connection with the completion of the business combination.