Revenue: As of FY2025 Q2, the actual value is USD 0.EPS: As of FY2025 Q2, the actual value is USD -0.16.EBIT: As of FY2025 Q2, the actual value is USD -704.53 K.Evolution Metals &amp; Technologies Corp. operates as a single segment, with its Chief Operating Officer reviewing overall results to guide resource allocation and performance assessment .<h4>Operational Metrics</h4><ul><li>Net Loss: The company reported a net loss of - $520,976 for the three months ended June 30, 2025, compared to - $95,272 for the same period in 2024 . For the six months ended June 30, 2025, the net loss was - $1,041,417, an increase from - $165,432 for the six months ended June 30, 2024 .</li><li>Operating Expenses:<ul><li>General and administrative expenses: These were $570,186 for the three months ended June 30, 2025, up from $277,662 in the prior year period . For the six months ended June 30, 2025, these expenses totaled $1,137,909, compared to $549,654 in the corresponding 2024 period .</li><li>Franchise taxes: These were $36,027 and $73,227 for the three and six months ended June 30, 2025, respectively, compared to $50,000 and $100,000 for the same periods in 2024 .</li></ul></li><li>Loss from Operations: The loss from operations was - $606,213 for the three months ended June 30, 2025, versus - $327,662 for the three months ended June 30, 2024 . For the six months, the loss was - $1,211,136 in 2025, compared to - $649,654 in 2024 .</li><li>Interest Income from Restricted Cash: Interest income from restricted cash held in the trust account was $98,318 for the three months ended June 30, 2025, a decrease from $258,639 in the 2024 period . For the six months, it was $195,369 in 2025, down from $519,320 in 2024 .</li><li>Provision for Income Taxes: The company had a provision for income taxes of - $13,081 for the three months ended June 30, 2025, and - $25,650 for the six months ended June 30, 2025 . This compares to - $26,249 and - $35,098 for the respective periods in 2024 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: For the six months ended June 30, 2025, net cash used in operating activities was - $965,084, an increase from - $568,316 for the same period in 2024 .</li><li>Net Cash Provided by Investing Activities: Net cash provided by investing activities was $203,862 for the six months ended June 30, 2025, primarily from cash withdrawn from the trust account to pay franchise and income taxes, which is higher than the $19,173 provided in the same period in 2024 .</li><li>Net Cash Provided by Financing Activities: Net cash provided by financing activities was $760,748 for the six months ended June 30, 2025, mainly from working capital loans, an increase from $551,510 in the same period in 2024 .</li></ul><h4>Key Financial Position Metrics</h4><ul><li>Cash: As of June 30, 2025, cash was $711, down from $1,185 as of December 31, 2024 .</li><li>Restricted Cash Held in Trust Account: The balance was $12,249,440 as of June 30, 2025, slightly down from $12,257,933 as of December 31, 2024 .</li><li>Working Capital Deficit: The company had a working capital deficit of - $9,355,575 as of June 30, 2025 .</li><li>Working Capital Loans – Related Party: Outstanding working capital loans from related parties totaled $2,501,714 as of June 30, 2025, compared to $1,740,966 as of December 31, 2024 .</li><li>Convertible Promissory Notes – Related Party: These notes remained constant at $2,296,371 as of both June 30, 2025, and December 31, 2024 .</li><li>Excise Tax Payable and Interest and Penalties: This liability increased to $890,702 as of June 30, 2025, from $719,090 as of December 31, 2024 .</li></ul><h4>Future Outlook and Strategy</h4>Evolution Metals &amp; Technologies Corp. is focused on completing a Business Combination, having extended the deadline to September 30, 2025, and recently approved the merger agreement with Evolution Metals LLC . Management acknowledges substantial doubt about its ability to continue as a going concern due to liquidity conditions and the mandatory liquidation date if a Business Combination is not completed .

Evolution Metals & Tech | 10-Q: FY2025 Q2 Revenue: USD 0