Revenue: As of FY2025 Q2, the actual value is USD 17.76 M.EPS: As of FY2025 Q2, the actual value is USD -0.65.<h3>Specialty Finance Segment</h3><ul><li>Interest Income: For the six months ended June 30, 2025, interest income was $6.1 million, a decrease from $7.2 million in the same period in 2024, primarily due to a lower outstanding principal of performing MRP+ loans.</li><li>Operating Expenses: Total operating expenses for the specialty finance segment were $2.7 million for the six months ended June 30, 2025, compared to $2.4 million in the same period in 2024, reflecting a 13% increase primarily due to higher professional fees.</li><li>Net Loss: The segment reported a net loss of $31.5 million for the six months ended June 30, 2025, compared to a net income of $8.7 million in the same period in 2024, largely due to increased provision for income taxes following the Business Combination.</li></ul><h3>Fleet Operations Segment</h3><ul><li>Lease Revenue: Lease revenue for the six months ended June 30, 2025, was $13.4 million, a significant increase due to the Septuagint Acquisition and recognition of lease revenues.</li><li>Operating Expenses: Operating expenses for fleet operations were $7.6 million for the six months ended June 30, 2025, up from $1.7 million in the same period in 2024, primarily due to the consolidation of Septuagint’s fleet operating costs and costs related to the Consulting Agreement.</li><li>Net Loss: The fleet operations segment reported a net loss of $13.4 million for the six months ended June 30, 2025, compared to a net loss of $1.7 million in the same period in 2024, primarily due to increased provision for income taxes and fleet operating costs.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash used in operating activities was -$2.9 million for the six months ended June 30, 2025, compared to $6.4 million provided in the same period in 2024, primarily due to the derecognition of the deposit liability and increased operating costs.</li><li>Investing Cash Flow: Net cash used in investing activities was -$7.4 million for the six months ended June 30, 2025, compared to $2.4 million provided in the same period in 2024, primarily due to purchases of taxi vehicles.</li><li>Financing Cash Flow: Net cash used in financing activities was -$11.7 million for the six months ended June 30, 2025, compared to -$15.0 million in the same period in 2024, primarily due to non-recurring transaction costs related to the Business Combination.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to transition its portfolio of non-accruing loans and owned medallions by selling medallions, primarily with seller financing attached, to increase interest income from loans. The strategy includes leasing owned medallions until sufficient market demand exists for sales.</li><li>Non-Core Business: The company is focused on expanding its taxi fleet operations, leveraging the Septuagint Acquisition to grow its fleet and medallion leasing business.</li></ul>

Marblegate Capital Corporation | 10-Q: FY2025 Q2 Revenue: USD 17.76 M