Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.29.

EBIT: As of FY2025, the actual value is USD -10.7 M.

Lionheart Holdings operates as a single reportable segment and has no operating revenues to date.

Operational Metrics

• Net Income: Lionheart Holdings reported a net income of $8,952,273 for the year ended December 31, 2025, and $5,839,656 for the period from February 21, 2024 (inception) through December 31, 2024.
• Interest Income on Marketable Securities Held in Trust Account: This non-operating income was $9,826,877 for the year ended December 31, 2025, and $6,335,105 for the period from February 21, 2024 (inception) through December 31, 2024.
• Operating and Formation Costs: These costs totaled $874,604 for the year ended December 31, 2025, and $495,449 for the period from February 21, 2024 (inception) through December 31, 2024.

Cash Flow

• Cash Used in Operating Activities: Lionheart Holdings used $585,477 in cash for operating activities for the year ended December 31, 2025, and $641,108 for the period from February 21, 2024 (inception) through December 31, 2024.
• Changes in Operating Assets and Liabilities: These provided $289,127 of cash for operating activities in 2025, compared to using $150,659 in 2024.

Unique Metrics

• Cash and Marketable Securities Held in Trust Account: As of December 31, 2025, these amounted to $246,161,982, an increase from $236,335,105 as of December 31, 2024.
• Cash Held Outside Trust Account: Cash held outside the Trust Account was $230,540 as of December 31, 2025, a decrease from $891,017 as of December 31, 2024.
• Redemption Price per Public Share: The redemption price was $10.70 per Public Share as of December 31, 2025, compared to $10.28 per Public Share as of December 31, 2024 (before taxes payable, if any).
• Deferred Fee Payable: A deferred underwriting fee of $9,800,000 is payable to the underwriters upon the completion of the initial Business Combination.

Outlook / Guidance

Lionheart Holdings faces substantial doubt about its ability to continue as a going concern due to a lack of liquidity to sustain operations. A mandatory liquidation will occur if a Business Combination is not completed by June 20, 2026. Management plans to consummate an initial Business Combination before this deadline, but there is no assurance of success in raising capital or completing the acquisition.