<span item_type="fundamental" item_id="668ddf711cc1889dcd4668e0255b0462" counter_id="ST/US/FSHPR" env="prod"></span><span item_type="announcement" item_id="577557375533783425" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 0.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.06.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -926.69 K.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>No specific segment revenue data provided.</li></ul><h4>Operational Metrics</h4><ul><li><strong>Net Income</strong>: $453,501 for the three months ended September 30, 2025, compared to $488,327 for the same period in 2024. For the nine months ended September 30, 2025, net income was $1,620,825 compared to $432,463 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li><strong>Formation, General and Administrative Expenses</strong>: $236,596 for the three months ended September 30, 2025, compared to $402,971 for the same period in 2024. For the nine months ended September 30, 2025, these expenses were $551,315 compared to $556,780 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li><strong>Interest and Dividends Earned on Investments Held in Trust Account</strong>: $690,097 for the three months ended September 30, 2025, compared to $891,298 for the same period in 2024. For the nine months ended September 30, 2025, these earnings were $2,172,140 compared to $989,243 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $400,496 for the nine months ended September 30, 2025, compared to - $632,574 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li><strong>Cash and Investments Held in Trust Account</strong>: $32,584,205 as of September 30, 2025, compared to $70,799,136 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li><strong>Cash Held Outside of Trust Account</strong>: $18,751 as of September 30, 2025, compared to $76,747 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Promissory Notes – Related Party</strong>: $1,170,351 as of September 30, 2025, compared to $677,851 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li><strong>Extension Loan Balance</strong>: $60,000 as of September 30, 2025, compared to $0 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The company plans to complete its initial 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. The company expects to incur significant costs in the pursuit of its acquisition plans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li><li>The company will have up to 21 months, or 24 months if certain conditions are met, from the closing of the IPO to complete its initial business combination. If the company is unable to consummate its initial business combination within the prescribed time frame, it will redeem the public shares and dissolve and liquidate.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The company has entered into an Agreement and Plan of Merger with Great Future Technology Inc. (GFT) and GFT Merger Sub Limited, replacing a previous merger agreement with Great Rich Technologies Limited (GRT). The new agreement outlines the merger process and the exchange of shares between the companies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul><h4>Priority</h4><ul><li>The company intends to use the funds held in the Trust Account primarily to complete the proposed GFT Business Combination or, if necessary, to identify and evaluate alternative target businesses. The company may also use these funds to finance the operations of the target business or businesses, make other acquisitions, and pursue growth strategies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1850059/000182912625008620/flagshipacq_10q.htm"></span></li></ul>

FLAG SHIP ACQUISITION CORPORATION COM USD0.001 (SUB/RIGHT 31/03/2026) | 10-Q: FY2025 Q3 Revenue: USD 0