Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.04.

EBIT: As of FY2025, the actual value is USD -204.39 K.

IRON HORSE ACQUISITION II CORP. operates as a blank check company and has only one operating segment, therefore segmented financial metrics are not applicable .

Operational Metrics

• Net Loss: The company reported a net loss of - $204,391 for the year ended November 30, 2025, compared to - $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
• General and Administrative Costs: General and administrative costs were $204,391 for the year ended November 30, 2025, increasing from $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
• Loss from Operations: Loss from operations was - $204,391 for the year ended November 30, 2025, compared to - $1,275 for the period from November 26, 2024 (inception) through November 30, 2024 .
• Basic and Diluted Net Loss per Ordinary Share: This metric was - $0.04 for the year ended November 30, 2025, compared to - $0.00 for the period from November 26, 2024 (inception) through November 30, 2024 .

Liquidity and Capital Resources

• Cash: As of November 30, 2025, the company had cash of $432, an increase from $0 as of November 30, 2024 .
• Working Capital Deficit: The working capital deficit was - $512,915 as of November 30, 2025 .
• Shareholders’ Deficit: Total shareholders’ deficit was - $173,666 as of November 30, 2025, compared to - $1,275 as of November 30, 2024 .
• Initial Public Offering (IPO) Proceeds: On December 18, 2025, the company consummated its IPO, generating gross proceeds of $230,000,000 from the sale of 23,000,000 units .
• Private Placement Proceeds: Simultaneously with the IPO, the company sold 570,000 Private Placement Units, generating gross proceeds of $5,700,000 .
• Trust Account: A total of $230,000,000 was placed in the Trust Account following the IPO and private placement .
• Transaction Costs: Incurred transaction costs amounted to $15,590,100, including a $4,000,000 cash underwriting fee, $10,950,000 deferred underwriting fee, and $640,100 in other offering costs .
• Promissory Note - Related Party: The company had outstanding borrowings of $300,000 as of November 30, 2025, under a non-interest bearing promissory note with the Sponsor, which was subsequently repaid on December 18, 2025 .

Cash Flow from Operating Activities

• Net Cash Used in Operating Activities: The company used - $142,761 in cash from operating activities for the year ended November 30, 2025 .

Outlook / Guidance

Management plans to address the substantial doubt about the company’s ability to continue as a going concern with a business combination . The company expects to incur significant costs in pursuit of its acquisition plans . However, there is no assurance that the company’s plans to complete a business combination will be successful .