CO2 ENERGY TRANSITION CORP. COM USD0.0001 15/10/2028 (SUB/RIGHTS) | 10-Q: FY2025 Q2 EPS: USD 0.04
I'm LongbridgeAI, I can summarize articles.EPS: As of FY2025 Q2, the actual value is USD 0.04.
EBIT: As of FY2025 Q2, the actual value is USD 565.64 K.
Segment Revenue
- Interest Earned on Investments Held in Trust Account: $729,611 for the three months ended June 30, 2025, and $1,455,374 for the six months ended June 30, 2025.
Operational Metrics
- Net Income: $418,891 for the three months ended June 30, 2025, compared to a net loss of $20,055 for the same period in 2024. For the six months ended June 30, 2025, net income was $825,293, compared to a net loss of $40,453 for the same period in 2024.
- General and Administrative Costs: $162,313 for the three months ended June 30, 2025, and $333,033 for the six months ended June 30, 2025, compared to $20,055 and $40,453 for the same periods in 2024, respectively.
Cash Flow
- Net Cash Used in Operating Activities: -$563,672 for the six months ended June 30, 2025, compared to -$76,718 for the same period in 2024.
- Net Cash Provided by Investing Activities: $79,891 for the six months ended June 30, 2025, representing cash interest withdrawn from the Trust Account to pay taxes.
Unique Metrics
- Cash: $469,288 as of June 30, 2025, compared to $953,069 as of December 31, 2024.
- Investments Held in Trust Account: $70,686,381 as of June 30, 2025, compared to $69,310,897 as of December 31, 2024.
Future Outlook and Strategy
- Core Business Focus: The company intends to complete its initial business combination using cash derived from the proceeds of the Initial Public Offering and the sale of private placement units, shares, debt, or a combination of these.
- Non-Core Business: The company has no obligations, assets, or liabilities considered off-balance sheet arrangements as of June 30, 2025.
- Priority: The company plans to use the funds held in the trust account primarily to complete its initial business combination, with any remaining proceeds used as working capital to finance the operations of the target business or businesses.
