EQV Ventures Reports $2.7 Million Net Income in Q2 2025, Prepares for Business Combination

EQV Ventures Acquisition Corp. has reported its financial results for the second quarter of 2025, revealing a net income of $2.7 million for the three months ending June 30, 2025, compared to a net loss of $46,916 during the same period in the previous year. For the first half of 2025, the company recorded a net income of $5.98 million, driven primarily by interest income from investments held in trust, which amounted to $7.81 million. General and administrative expenses for the six-month period totaled $1.84 million, reflecting a significant increase from the $46,916 reported in the prior year, as the company continues to prepare for its initial business combination.

As of June 30, 2025, EQV Ventures reported total assets of approximately $364.5 million, a slight increase from $357.6 million at the end of 2024. The company’s cash and cash equivalents decreased to $925,722 from $973,483, while investments held in the trust account rose to $363.4 million, up from $356.4 million. The increase in assets is attributed to the interest earned on the trust account, which is expected to be utilized for the upcoming business combination.

The company has not yet commenced operations but is actively pursuing a business combination. On August 5, 2025, EQV Ventures entered into a business combination agreement with Prometheus PubCo Inc., which is expected to facilitate the merger and subsequent operations. The agreement includes provisions for the conversion of Class A ordinary shares and warrants, as well as a PIPE financing arrangement to raise additional capital. The company is also subject to various conditions, including shareholder approval and regulatory clearances, before the business combination can be finalized.

Operationally, EQV Ventures has maintained a working capital deficit of $599,255 as of June 30, 2025. The company has indicated that it may require additional financing to cover transaction costs or to address potential redemptions of Class A ordinary shares upon consummation of the business combination. The management has expressed confidence in the ability to complete the business combination within the stipulated timeframe, which is critical for the company’s future operations.

Looking ahead, EQV Ventures remains focused on identifying and evaluating target businesses, particularly in the energy sector. The company’s management has emphasized the importance of utilizing the funds held outside the trust account for due diligence and operational expenses related to the business combination. However, the company has acknowledged the inherent risks associated with emerging growth companies and the potential impact of market conditions on its plans.