Quetta Acquisition reported no operating revenues for the year ended December 31, 2025 and recorded a net loss of $0.781 million (net loss of $780,924), compared with net income of $2.094 million in 2024; interest income was $0.854 million in 2025 versus $3.659 million in 2024. The results reflect the company's status as a special purpose acquisition vehicle with primary activity centered on pursuing and executing a business combination rather than generating operating revenue. Per‑share net income (loss) figures were not specified in the filing.

Financial Highlights

• Revenue: $0 — no operating revenues to date; interest income reported separately.
• Interest Income: $853,854 for year ended Dec 31, 2025 (versus $3,658,889 for year ended Dec 31, 2024).
• Net Income (Loss): Net loss of $(780,924) for year ended Dec 31, 2025 (net income of $2,094,096 for year ended Dec 31, 2024).
• Net Income Per Share: Not specified in the provided data.

Business Highlights

• Business Combination Activity: Executed and later terminated a proposed KM QUAD merger; subsequently entered a new Business Combination Agreement with Smart Kreate (PubCo) in March 2026.
• Operational Focus: Continued active search for an initial business combination with expanded acquisition criteria to include entities operating in the People’s Republic of China, Hong Kong and Macau.
• Public Company Operations: Maintained public company status and incurred increased compliance and transaction-related activities while conducting ongoing due diligence on potential targets.
• Trust and Extension Management: Managed trust account extensions and redemptions, enabling monthly extension payments through April 2026 to preserve runway for completing a transaction.

Original SEC Filing: Quetta Acquisition Corp [ QETA ] - 10-K - Apr. 23, 2026