Atlantica, Inc. Reports Increased Net Loss and Lack of Revenue in Q2 2025

Atlantica, Inc. has reported its financial results for the second quarter and first half of 2025, revealing a continued lack of operational revenue and a net loss that has increased compared to the previous year. For the three months ended June 30, 2025, the company recorded a net loss of $112,412, compared to a loss of $82,495 for the same period in 2024. For the six months ending June 30, 2025, the net loss was $205,262, a slight improvement from the $224,614 loss reported in the first half of 2024. General and administrative expenses rose to $63,682 for the second quarter of 2025, up from $39,646 in the prior year, primarily due to increased accounting, management, and legal fees.

The company's balance sheet as of June 30, 2025, shows total liabilities of $5,853,092, an increase from $5,647,830 at the end of 2024. The accumulated deficit has also grown, reaching $5,978,794, compared to $5,773,532 at the end of the previous fiscal year. The company has not generated any revenue during the reported periods, and its financial statements indicate that it remains in a shell company status, with no significant assets or operations since 1997.

In terms of operational developments, Atlantica has not engaged in any substantive business activities and continues to seek potential acquisitions or mergers to revitalize its operations. The company is relying on its majority shareholder, Mirabella Holdings, LLC, to cover its operating expenses, which amounted to $42,075 during the first half of 2025, compared to $31,386 in the same period of 2024. The company has accrued significant legal fees related to potential acquisitions, totaling $1,716,894, which it plans to address through additional loans from Mirabella.

Looking ahead, Atlantica's management has outlined a plan to explore business opportunities across various industries, including technology, manufacturing, and natural resources. However, the company acknowledges the challenges it faces in identifying suitable acquisition targets and the potential need to issue a substantial number of shares to finance any future transactions. The management has expressed uncertainty regarding the timing and success of any specific business endeavors, emphasizing the need for careful evaluation of potential opportunities.

Overall, Atlantica, Inc. remains in a precarious financial position, with no current cash resources and a reliance on external funding to maintain its operations. The company’s future hinges on its ability to secure a merger or acquisition that can provide a viable business model and restore its operational capacity.