Atlantica Reports Increased Net Losses and Ongoing Lack of Revenue in Q3 2025

Atlantica, Inc. has reported its financial results for the third quarter and the first nine months of 2025, revealing a continued lack of operational revenue and an increase in net losses. For the three months ended September 30, 2025, the company recorded a net loss of $124,199, compared to a net loss of $84,885 for the same period in 2024. Over the nine-month period, the net loss was $329,461, slightly higher than the $309,498 loss reported in the previous year. General and administrative expenses rose to $73,625 for the third quarter, up from $40,146 in 2024, and totaled $183,063 for the nine months, compared to $180,582 in the prior year.

The company's balance sheet as of September 30, 2025, shows total liabilities of $5,977,291, an increase from $5,647,830 at the end of 2024. This rise is attributed to higher accounts payable and accrued interest, particularly from related parties. The accumulated deficit has also grown to $6,102,993, up from $5,773,532 at the end of the previous fiscal year. The company has not generated any revenue during these periods, reflecting its ongoing status as a shell company with no significant business operations since 1997.

In terms of strategic developments, Atlantica continues to seek opportunities for acquisition or merger with an existing operating company. The company relies on Mirabella Holdings, LLC, its majority shareholder, to cover operational expenses, which amounted to $45,575 during the nine months ended September 30, 2025. The company has no current cash resources and anticipates that any future funding will also come from loans provided by Mirabella. The management has indicated that it is actively considering various industries for potential business opportunities, although no specific plans have been finalized.

Operationally, Atlantica has maintained a consistent number of shares outstanding at 2,458,590, with no new shares issued during the reporting periods. The company has not engaged in any significant business activities, and its management services agreement with Richland, Gordon & Company remains in effect, providing consulting services as the company explores potential acquisitions. The management has accrued fees under this agreement, although no payments have been made to date.

Looking ahead, Atlantica's management has expressed intentions to continue evaluating potential business ventures and to develop a business plan that aligns with its strategic goals. However, the company acknowledges the challenges it faces, including the need for substantial capital and the inherent risks associated with pursuing new business opportunities. The outlook remains uncertain as Atlantica navigates its path toward reestablishing operational activities and financial stability.