<span item_type="fundamental" item_id="4c3574d17f3ce3580ced0f59600d1f57" counter_id="ST/US/XSLL" env="prod"></span><span item_type="announcement" item_id="632447907450526593" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 0.</p><p>EPS: As of FY2025, the actual value is USD -0.01.</p><p>EBIT: As of FY2025, the actual value is USD -76.66 K.</p><p></p><h3>Financial Performance (Period from September 16, 2025, inception, through December 31, 2025)</h3><h4>Net Loss</h4><p>Xsolla SPAC 1 reported a net loss of - $76,662 for the period from September 16, 2025, through December 31, 2025, which consisted of formation, general, and administrative costs. Basic and diluted net loss per share for Class B ordinary shares was - $0.01.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p><h4>Operating Costs</h4><p>Formation, general, and administrative costs totaled $76,662.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p><h4>Liquidity and Capital Resources (as of December 31, 2025)</h4><p>Xsolla SPAC 1 had no cash and a working capital deficit of - $270,009. Current liabilities, totaling $274,682, included accrued expenses of $5,000, accrued offering costs of $28,267, and a promissory note – related party of $241,415. The Total Shareholder’s Deficit was - $51,662.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p><h4>Cash Flow</h4><p>Net cash used in operating activities was $0 for the period from September 16, 2025, through December 31, 2025. The net loss of - $76,662 was impacted by a payment of formation, general, and administrative costs through a promissory note – related party of $71,662 and changes in accrued expenses of $5,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p><h3>Post-Period Events and Capital Raised (Subsequent to December 31, 2025)</h3><p>On January 30, 2026, Xsolla SPAC 1 completed its Initial Public Offering (IPO), generating gross proceeds of $200,000,000 from the sale of 20,000,000 Units at $10.00 per Unit. A private placement simultaneously generated $4,000,000 from 400,000 Private Units, with additional proceeds of $4,193,850 and $31,460 from an over-allotment option and further private unit sales, respectively. By February 2, 2026, a total of $204,193,850 was placed in the Trust Account. Transaction costs for the IPO amounted to $2,632,385, with an additional $41,756 from the over-allotment option.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p><h3>Outlook and Strategy</h3><p>Xsolla SPAC 1 intends to use substantially all funds in the Trust Account to complete a Business Combination, while funds outside the Trust Account will primarily support identifying and evaluating target businesses, due diligence, and negotiation. Management believes the company has sufficient funds to finance its working capital needs for one year following the IPO and related transactions, not anticipating the need to raise additional funds for operating expenses. The company expects to incur significant costs for its acquisition plans and generate non-operating income from Trust Account investments until a Business Combination is completed.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2088807/000121390026037649/ea0279324-10k_xsolla1.htm"></span></p>

Xsolla SPAC 1 | 10-K: FY2025 Revenue: USD 0