FLAG SHIP ACQUISITION CORPORATION COM USD0.001 (SUB/RIGHT 31/03/2026) | 10-Q: FY2025 Q1 EPS: USD 0.07

EPS: As of FY2025 Q1, the actual value is USD 0.07.

EBIT: As of FY2025 Q1, the actual value is USD 577.7 K.

The company has not generated any operating revenues as of March 31, 2025, and will not generate any until after the completion of a Business Combination.

Net Income: For the three months ended March 31, 2025, the company reported a net income of $577,698, compared to a net loss of - $75,788 for the same period in 2024.
Formation, General and Administrative Expenses: These expenses were - $162,071 for the three months ended March 31, 2025, compared to - $75,788 for the same period in 2024.

Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was - $183,542.
Cash and Investments Held in Trust Account: As of March 31, 2025, the company had $71,538,905 in cash and investments held in the Trust Account.

Interest and Dividends Earned: The company earned $739,769 in interest and dividends on cash and investments held in the Trust Account for the three months ended March 31, 2025.

Core Business Focus: The company plans to effectuate its Business Combination using cash derived from the proceeds of its initial public offering and the sale of private units, shares, debt, or a combination of these.
Proposed GFT Business Combination: On April 18, 2025, the company entered into an Agreement and Plan of Merger with Great Future Technology Inc., which will result in the company merging with and into a wholly-owned subsidiary of GFT, with the subsidiary continuing as the surviving entity.
Going Concern Consideration: The company has substantial doubt about its ability to continue as a going concern within one year after the date that the unaudited financial statements are issued, due to the possibility of not completing a Business Combination within the prescribed period.

EPS: As of FY2025 Q1, the actual value is USD 0.07.

EBIT: As of FY2025 Q1, the actual value is USD 577.7 K.

The company has not generated any operating revenues as of March 31, 2025, and will not generate any until after the completion of a Business Combination.

Net Income: For the three months ended March 31, 2025, the company reported a net income of $577,698, compared to a net loss of - $75,788 for the same period in 2024.
Formation, General and Administrative Expenses: These expenses were - $162,071 for the three months ended March 31, 2025, compared to - $75,788 for the same period in 2024.

Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was - $183,542.
Cash and Investments Held in Trust Account: As of March 31, 2025, the company had $71,538,905 in cash and investments held in the Trust Account.

Interest and Dividends Earned: The company earned $739,769 in interest and dividends on cash and investments held in the Trust Account for the three months ended March 31, 2025.

Core Business Focus: The company plans to effectuate its Business Combination using cash derived from the proceeds of its initial public offering and the sale of private units, shares, debt, or a combination of these.
Proposed GFT Business Combination: On April 18, 2025, the company entered into an Agreement and Plan of Merger with Great Future Technology Inc., which will result in the company merging with and into a wholly-owned subsidiary of GFT, with the subsidiary continuing as the surviving entity.
Going Concern Consideration: The company has substantial doubt about its ability to continue as a going concern within one year after the date that the unaudited financial statements are issued, due to the possibility of not completing a Business Combination within the prescribed period.