<span item_type="fundamental" item_id="2afbf70b211226dfb0efec7ce0b19f40" counter_id="ST/US/BAYA" env="prod"></span><span item_type="announcement" item_id="625924899701529985" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 0.</p><p>EBIT: As of FY2025, the actual value is USD -2.176 M.</p><p></p><h4>Net Income</h4><ul><li>For the year ended December 31, 2025, Bayview Acquisition Corp reported a net income of $202,599, primarily from $1,189,102 in interest earned on marketable securities and bank interest income, offset by $986,503 in formation and operating costs. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>For the year ended December 31, 2024, the company had a net income of $1,752,975, mainly from $2,780,145 in interest earned on marketable securities and bank interest income, against $1,027,170 in formation and operating costs. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Operating Costs</h4><ul><li>Formation and operating costs were $986,503 for the year ended December 31, 2025, and $1,027,170 for the year ended December 31, 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>Loss from operations was - $986,503 for the year ended December 31, 2025, and - $1,027,170 for the year ended December 31, 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Cash and Liquidity</h4><ul><li>As of December 31, 2025, cash and cash equivalents were $44,129, a decrease from $93,620 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/1969475/000149315226010101/form10-k.htm"></span></li><li>The company reported a working capital deficit of - $3,414,654 as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>Investments held in the trust account decreased to $11,710,990 as of December 31, 2025, from $39,582,820 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/1969475/000149315226010101/form10-k.htm"></span></li><li>Cash held in an escrow account was $50,000 as of December 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net cash used in operating activities was - $49,491 for the year ended December 31, 2025, and - $488,688 for the year ended December 31, 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Redemptions and Promissory Notes</h4><ul><li>Shareholders exercised redemption rights totaling $23,803,376 on September 16, 2024, $21,826,501 on June 17, 2025, and $8,456,654 on December 12, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>Promissory notes related to extensions amounted to $1,775,000 as of December 31, 2025, up from $500,000 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/1969475/000149315226010101/form10-k.htm"></span></li><li>This includes $1,725,000 in promissory notes issued to Oabay from September 2024 through November 2025, and an additional $300,000 on December 12, 2025, to cover extension expenses. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Outlook / Guidance</h4><p>Bayview Acquisition Corp aims to complete a business combination by June 19, 2026, anticipating increased expenses for this process and as a public entity, to be covered by trust account funds. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span> There is substantial doubt about the company’s ability to continue as a going concern if the business combination is not completed or the period is not extended, potentially leading to liquidation. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span> The company expects interest income from the trust account to cover its tax obligations. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></p>

Bayview Acquisition | 10-K: FY2025 Revenue: USD 0