<span item_type="fundamental" item_id="f31963ea9e77e4705fbaba1251b29e84" counter_id="ST/US/ALSAF" env="prod"></span><span item_type="announcement" item_id="516094889954052865" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD -0.1.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -200.77 K.</p><p></p><h3>Segment Revenue</h3><ul><li>Alpha Star Acquisition Corporation has not generated any operating revenue to date and expects to generate non-operating income in the form of interest income on marketable securities held in the Trust Account.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>For the three months ended March 31, 2025, the company reported a net loss of - $200,767, which consisted of operating costs of $223,812, offset by interest income on marketable securities held in the Trust Account of $21,556 and unrealized interest income of $1,489.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li><li>For the three months ended March 31, 2024, the company reported a net income of $724,045, which consisted of operating costs of $238,932, offset by interest income on marketable securities held in the Trust Account of $677,001 and unrealized interest income of $285,976.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>For the three months ended March 31, 2025, net cash used in operating activities was - $209,766, net cash used in financing activities was - $10,504,551, and net cash provided by investing activities was $10,714,317.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li><li>For the three months ended March 31, 2024, net cash used in financing activities was - $36,903,138, and net cash provided by investing activities was $36,903,138.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company had marketable securities held in the Trust Account of $420,581 as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>Alpha Star Acquisition Corporation intends to effectuate its Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of the Private Units, shares, debt, or a combination of cash, shares, and debt.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The company has established a wholly owned subsidiary, Xdata Group, in the Cayman Islands, which serves as PubCo for its initial business combination in accordance with the Business Combination Agreement entered on September 12, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul><h4>Priority</h4><ul><li>The company plans to raise additional capital through loans or additional investments from its Sponsor, stockholders, officers, directors, or third parties to meet its working capital needs and complete a Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1865111/000164117225010236/form10-q.htm"></span></li></ul>

ALPHA STAR ACQUISITION CORPORATION | 10-Q: FY2025 Q1 EPS: USD -0.1