Cartesian Growth Corporation III Reports $1.32 Million Net Income for Quarter Ending June 30, 2025

Cartesian Growth Corporation III reported its financial results for the quarter ending June 30, 2025, revealing a net income of $1.32 million for the three-month period and $1.30 million for the six-month period. The company generated this income primarily from interest earned on investments held in its Trust Account, totaling $1.77 million, while incurring general and administrative costs of approximately $448,578 and $469,027, respectively. The results indicate a significant operational shift for the company, which had no revenue prior to its Initial Public Offering (IPO) on May 5, 2025.

The company’s financial position has improved markedly since its last reporting period, with total assets increasing to $278.82 million as of June 30, 2025, compared to $266,878 at the end of December 2024. This growth is largely attributed to the successful completion of its IPO, which raised $276 million from the sale of 27.6 million units, including the full exercise of an over-allotment option. The IPO proceeds were placed in a Trust Account, which now holds $277.77 million in marketable securities, primarily invested in U.S. Treasury Bills.

In terms of operational developments, Cartesian Growth Corporation III has not yet identified a target for its initial business combination, as it is still in the process of evaluating potential acquisition opportunities. The company has maintained a focus on high-growth businesses with proven or potential transnational operations. As of June 30, 2025, the company had 27.6 million Class A ordinary shares and 6.9 million Class B ordinary shares outstanding, with the Class A shares subject to possible redemption at a value of approximately $10.06 per share.

The company’s management has indicated that it will continue to incur significant costs related to its acquisition plans and public company obligations. As of the end of the reporting period, Cartesian Growth Corporation III had cash reserves of $827,241, which it plans to use for operational expenses and to identify potential business combination targets. The company has also established a working capital loan facility, allowing for additional funding if necessary, although no loans have been drawn as of the reporting date.

Looking ahead, Cartesian Growth Corporation III remains focused on completing its initial business combination within the stipulated timeframe. The management team has expressed confidence in their ability to identify suitable targets, although they acknowledge the inherent risks and uncertainties associated with the current geopolitical climate and market conditions. The company’s future performance will largely depend on its success in executing a business combination and the subsequent operational performance of the acquired entity.