Cartesian Growth Corporation III Reports $2.76 Million Net Income for Quarter Ending September 30, 2025

Cartesian Growth Corporation III reported its financial results for the quarter ending September 30, 2025, revealing a net income of $2.76 million, primarily driven by interest earned on investments held in a trust account. This figure represents a significant increase compared to the previous fiscal period, where the company reported a net income of $4.06 million for the nine months ending September 30, 2025. The company’s general and administrative costs totaled $137,346 for the quarter and $606,373 for the nine-month period, reflecting the operational expenses associated with being a public company.

The company’s total assets as of September 30, 2025, amounted to $281.56 million, a notable increase from $266.88 million at the end of the previous fiscal year. This growth is largely attributed to the successful completion of its Initial Public Offering (IPO) on May 5, 2025, which raised $276 million. The IPO included the sale of 27.6 million units, each consisting of one Class A ordinary share and one-half of a redeemable warrant. Additionally, the company sold 6.8 million private placement warrants, generating an additional $6.8 million.

In terms of operational metrics, Cartesian Growth Corporation III has not yet commenced any business operations, as it is a blank check company focused on identifying a target for a business combination. As of the reporting date, the company held $280.67 million in investments within its trust account, primarily in U.S. Treasury Bills. The company has not reported any customer counts or user statistics, as it has not yet engaged in any substantive business activities. The company’s employee headcount remains at a minimal level, consistent with its current operational status.

Looking ahead, Cartesian Growth Corporation III is actively seeking a suitable target for its initial business combination, with management expressing confidence in their ability to leverage their experience and network to identify high-growth opportunities. However, the company has acknowledged potential challenges, including market volatility and geopolitical risks, which could impact its search for a target. The company has also indicated that it may need to raise additional funds to meet operational expenditures and complete its business combination, highlighting the importance of securing financing in the current economic environment.