<span item_type="fundamental" item_id="06f7d5031c189bc95196b79375d47c98" counter_id="ST/US/FSHPR" env="prod"></span><span item_type="announcement" item_id="544732158164539777" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD 0.07.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 589.63 K.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Interest and Dividends</strong>: For the three months ended June 30, 2025, interest and dividends earned on cash and investments held in the Trust Account were $742,274, compared to $97,945 for the same period in 2024. For the six months ended June 30, 2025, the amount was $1,482,043, compared to $97,945 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: For the three months ended June 30, 2025, net income was $589,626, compared to $19,924 for the same period in 2024. For the six months ended June 30, 2025, net income was $1,167,324, compared to a net loss of -$55,864 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li><li><strong>Formation and Operating Expenses</strong>: For the three months ended June 30, 2025, formation and operating expenses were $152,648, compared to $78,021 for the same period in 2024. For the six months ended June 30, 2025, these expenses were $314,719, compared to $153,809 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the six months ended June 30, 2025, net cash used in operating activities was -$249,478, compared to -$219,597 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to complete its initial business combination using funds from the Trust Account, which holds $72,281,179 as of June 30, 2025. The company has until June 20, 2026, to complete the business combination, with the possibility of extending the deadline by depositing additional funds into the Trust Account.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li><li><strong>Proposed GFT Business Combination</strong>: On April 18, 2025, the company entered into a merger agreement with Great Future Technology Inc., which will result in the company merging with a subsidiary of GFT, with GFT continuing as the surviving entity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625005698/flagshipacq_10q.htm"></span></li></ul>

FLAG SHIP ACQUISITION CORPORATION COM USD0.001 (SUB/RIGHT 31/03/2026) | 10-Q: FY2025 Q2 EPS: USD 0.07