---
title: "CO2 Energy Transition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286631902.md"
datetime: "2026-05-16T03:52:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286631902.md)
  - [en](https://longbridge.com/en/news/286631902.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286631902.md)
---

# CO2 Energy Transition | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.03.

EBIT: As of FY2026 Q1, the actual value is USD -828.88 K.

CO2 Energy Transition Corp. operates as a single reportable operating segment and has not generated any operating revenues to date, focusing instead on organizational tasks and preparing for a Business Combination within the transitional energy sector .

#### Operational Metrics

-   Net income for the three months ended March 31, 2026, was $309,162, a decrease from $406,402 for the same period in 2025 .
-   The company reported a loss from operations of - $196,729 for the three months ended March 31, 2026, compared to - $170,720 for the three months ended March 31, 2025 .
-   General and administrative costs increased to $196,729 for the three months ended March 31, 2026, from $170,720 for the prior year’s comparable period .
-   Interest earned on investments held in the Trust Account decreased to $632,154 for the three months ended March 31, 2026, from $725,763 for the same period in 2025 .
-   The provision for income taxes was $126,263 for the three months ended March 31, 2026, down from $146,016 for the three months ended March 31, 2025 .
-   There was no interest expense for the three months ended March 31, 2026, compared to $2,625 for the same period in 2025 .

#### Cash Flow

-   Net cash used in operating activities increased significantly to - $1,136,481 for the three months ended March 31, 2026, from - $337,343 for the three months ended March 31, 2025 .
-   Cash provided by investing activities, primarily from cash interest withdrawn from the Trust Account to pay taxes, was $874,988 for the three months ended March 31, 2026, up from $15,683 for the three months ended March 31, 2025 .
-   The net change in cash for the period was - $261,493 for the three months ended March 31, 2026, compared to - $321,660 for the three months ended March 31, 2025 .
-   Cash on hand was $26,108 as of March 31, 2026, a decrease from $287,601 as of December 31, 2025 .

#### Unique Metrics

-   Investments held in the Trust Account were $71,871,061 as of March 31, 2026, slightly down from $72,113,895 as of December 31, 2025 .
-   The company had a working capital surplus of $129,819 as of March 31, 2026 .
-   An amount of $11,730 was outstanding under the Working Capital Note - Related Party as of March 31, 2026 and December 31, 2025 .

#### Future Outlook and Strategy

CO2 Energy Transition Corp. aims to complete an initial Business Combination, utilizing funds from its trust account and external cash for due diligence, acquisitions, and growth strategies within the transitional energy sector . The Board plans to extend the Business Combination period by one month, expecting to borrow approximately $229,700 from the Sponsor for the extension fee due on May 22, 2026 . However, the company’s potential liquidity shortfall and mandatory liquidation timeline raise substantial doubt about its ability to continue as a going concern .

### Related Stocks

- [NOEM.US](https://longbridge.com/en/quote/NOEM.US.md)

## Related News & Research

- [Financial year ending 31 March 2026 reports final results.](https://longbridge.com/en/news/287166907.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [Gentoo Media publishes Q1 2026 interim report](https://longbridge.com/en/news/287169902.md)
- [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)
- [BioPorto reports Q1 2026 performance in latest update.](https://longbridge.com/en/news/287173693.md)