EPS: As of FY2025 Q1, the actual value is USD -0.56.<h3>Segment Revenue</h3><ul><li>The company has not commenced operations and therefore has no operating revenue as of March 31, 2025.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: For the three months ended March 31, 2025, the company reported a net loss of - $3,351,335, compared to a net income of $2,292,526 for the same period in 2024.</li><li>Operating Expenses: Operating expenses increased to $1,035,602 for the three months ended March 31, 2025, from $272,128 for the same period in 2024.</li><li>Interest Expense: Interest expense was $162,092 for the three months ended March 31, 2025.</li><li>Change in Fair Value of Warrant Liabilities: The company recorded a loss of $1,881,000 due to changes in the fair value of warrant liabilities for the three months ended March 31, 2025.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: The company used - $1,004,734 in operating activities for the three months ended March 31, 2025.</li><li>Net Cash Used in Investing Activities: Cash used in investing activities was - $150,000 for the three months ended March 31, 2025.</li><li>Net Cash Provided by Financing Activities: The company received $1,339,000 from financing activities for the three months ended March 31, 2025.</li></ul><h3>Unique Metrics</h3><ul><li>Excise Tax Interest and Penalties: The company incurred $288,390 in excise tax interest and penalties for the three months ended March 31, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on completing a Business Combination using cash derived from the proceeds of its IPO and the sale of Private Placement Warrants.</li><li>Non-Core Business: The company has entered into a non-binding letter of intent with Shell Trading (US) Company for a crude supply and offtake agreement, which is contingent upon the closing of the proposed Business Combination.</li><li>Priority: The company plans to continue its efforts to consummate a Business Combination during the combination period, as it currently has less than 12 months from the date of the financial statements to complete a Business Combination.</li></ul>

Integrated Rail and Resources Acquisition | 10-Q: FY2025 Q1 EPS: USD -0.56