Soulpower Acquisition reported zero operating revenue for the year ended December 31, 2025, as the company has not commenced commercial operations. The company recorded operating losses of $1.67 million tied to pre-combination costs while reporting net income of $5.96 million, driven primarily by interest income on its trust account. Per-share net income metrics were not reported in the filing.

Financial Highlights

• Revenue: $0 — the company has not generated operating revenues to date; no operating revenues until after a business combination.
• Gross Profit: $0 — no operations performed so no gross profit reported.
• Operating Income: $(1.67) million — operational costs of $1,674,325 for the year ended Dec 31, 2025.
• Net Income: $5.96 million — primarily interest income on trust account of $7.62 million offset by operating costs.
• Net Income Per Share: Not reported in Part 2 Item 7/Item 8 of the filing.

Business Highlights

• Initial Public Offering: Completed an IPO of 25 million units, raising $250 million; proceeds placed in a trust to fund a target acquisition.
• Target Acquisition Strategy: Entered into a business combination agreement to combine with Soul World Bank to form an international digital banking platform.
• Operational Readiness: No operating revenues; current activities focused on target diligence, securing regulatory approvals, and maintaining public company compliance ahead of a business combination.
• Working Capital & Financing: Sponsor loans and promissory notes secured to fund transaction and diligence costs prior to completion of the business combination.

Original SEC Filing: Soulpower Acquisition Corp. [ SOUL ] - 10-K - Mar. 27, 2026