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

EBIT: As of FY2025, the actual value is USD -3.205 M.

Rising Dragon Acquisition Corp. (RDAC) operates as a single segment, with its Chief Financial Officer reviewing overall operating results for resource allocation and performance assessment.

Segment Revenue

Rising Dragon Acquisition Corp. generated $2,389,246 in interest income from investments held in its Trust Account for the year ended December 31, 2025. This represents a significant increase compared to $543,046 in interest income for the period from March 8, 2024 (inception) through December 31, 2024.

Operational Metrics

• Net Income: For the year ended December 31, 2025, the company reported a net income of $1,573,962. This is an increase from the $257,513 net income reported for the period from March 8, 2024 (inception) through December 31, 2024.
• Operating Costs: Formation and operating costs were - $815,284 for the year ended December 31, 2025, compared to - $285,533 for the period from March 8, 2024 (inception) through December 31, 2024.
• Net Income per Share: Basic and diluted net income per ordinary share subject to possible redemption was $0.31 for the year ended December 31, 2025, up from $0.27 for the prior period. Basic and diluted net loss per ordinary share not subject to possible redemption was - $0.11 for the year ended December 31, 2025, compared to - $0.10 for the prior period.

Cash Flow

• Cash Used in Operating Activities: Cash used in operating activities was - $660,474 for the year ended December 31, 2025. This increased from - $326,033 for the period from March 8, 2024 (inception) through December 31, 2024.
• Net Cash Provided by Investing Activities: The company reported $16,331,209 in net cash provided by investing activities for the year ended December 31, 2025, primarily due to withdrawals from the Trust Account related to redemptions.
• Net Cash Used in Investing Activities: For the period from March 8, 2024 (inception) through December 31, 2024, net cash used in investing activities was - $57,787,500.
• Net Cash Used in Financing Activities: Net cash used in financing activities amounted to - $16,026,240 for the year ended December 31, 2025.
• Net Cash Provided by Financing Activities: For the prior period, net cash provided by financing activities was $58,506,212.
• Ending Cash Balance: The ending cash balance was $37,174 as of December 31, 2025, a decrease from $392,679 as of December 31, 2024.

Unique Metrics (SPAC Operations)

Rising Dragon Acquisition Corp. consummated its IPO on October 15, 2024, raising $50,000,000 from the sale of 5,000,000 units and an additional $7,500,000 from the underwriters’ over-allotment option. A private placement generated $2,543,750, with a total of $57,787,500 deposited into a trust account on October 15, 2024. In connection with shareholder votes, a total of 7,216,415 ordinary shares were redeemed for $16,331,209 at approximately $10.55 per share during 2025. To extend its business combination deadline, the company issued unsecured promissory notes for $50,000 each on January 14, 2026, February 5, 2026, and March 15, 2026.

Outlook / Guidance

Management anticipates continued significant costs in pursuing acquisition plans. The company plans to complete a business combination before the mandatory liquidation date but provides no assurance of successfully consummating a business combination by April 15, 2026, or July 15, 2026, if further extended. Management believes it has sufficient working capital and borrowing capacity for anticipated cash needs prior to its initial business combination.