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

EPS: As of FY2025, the actual value is USD -0.88.

EBIT: As of FY2025, the actual value is USD -2.969 M.

Plum Acquisition Corp. III is a blank check company with no operating history or revenues to date, focusing on organizational efforts and identifying a business combination target.

Operational Metrics

• Net Loss: The company recorded a net loss of - $7,199,761 for the year ended December 31, 2025, which increased from a net loss of - $2,561,229 for the year ended December 31, 2024.
• Operating and Formation Costs: These costs were $2,876,506 for the year ended December 31, 2025, a slight decrease from $3,023,383 for the year ended December 31, 2024.
• Loss on Change in Fair Value of Warrant Liabilities: The loss increased to - $4,415,289 for the year ended December 31, 2025, from - $1,447,101 for the year ended December 31, 2024.
• Interest and Dividend Income: Income from cash held in the Trust Account significantly decreased to $92,034 for the year ended December 31, 2025, from $1,909,255 for the year ended December 31, 2024.

Cash Flow

• Net Cash Used in Operating Activities: Plum Acquisition Corp. III used - $893,328 in operating activities for the year ended December 31, 2025, compared to - $929,169 for the year ended December 31, 2024.
• Net Cash Provided by Investing Activities: Investing activities provided $25,223,678 for the year ended December 31, 2025, primarily due to cash withdrawn from the Trust Account for redemptions, a decrease from $133,585,935 for the year ended December 31, 2024.
• Net Cash Used in Financing Activities: Financing activities used - $24,307,898 for the year ended December 31, 2025, mainly for payments to redeeming shareholders, a significant reduction from - $132,629,348 for the year ended December 31, 2024.

Unique Metrics

• Cash Held Outside Trust Account: As of December 31, 2025, the company held $49,870 in cash outside the Trust Account, an increase from $27,418 as of December 31, 2024.
• Cash Held in Trust Account: The balance in the Trust Account was $494,421 as of December 31, 2025, a substantial decrease from $25,630,285 as of December 31, 2024.
• Current Liabilities: Total current liabilities increased to $6,025,804 as of December 31, 2025, from $3,151,832 as of December 31, 2024.
• Promissory Note - Related Party: The outstanding balance under the Sponsor Promissory Note and Second Sponsor Promissory Note was $2,124,867 as of December 31, 2025, up from $1,204,867 for the Sponsor Promissory Note as of December 31, 2024.
• Redemptions of Class A Ordinary Shares:
  • July 2023: 13,532,591 shares were redeemed for approximately $140,838,808 (approx. $10.41/share).
  • January 2024: 12,433,210 shares were redeemed for approximately $134,059,215 (approx. $10.78/share).
  • January 2025: 2,132,366 shares were redeemed for approximately $23,975,464 (approx. $11.24/share).
  • July 2025: 109,347 shares were redeemed for approximately $1,252,434 (approx. $11.45/share).
  • December 2025: 24,136 shares elected to redeem for approximately $280,219 (approx. $11.61/share), contingent on business combination consummation.

Outlook / Guidance

Plum Acquisition Corp. III faces substantial doubt about its ability to continue as a going concern due to its working capital deficit and the July 30, 2026 deadline to complete an Initial Business Combination. The company anticipates incurring significant costs in pursuing a business combination and may require additional financing if current funds are insufficient. Should a business combination not be consummated by the deadline, the company will liquidate, resulting in public shareholders potentially receiving approximately $10.00 per share or less and warrants expiring worthless.