Eureka Acquisition Corp has reported its financial results for the quarter ending June 30, 2025, revealing a net income of $354,378, a significant turnaround from a net loss of $29,349 during the same period in 2024. The company attributed this positive performance primarily to interest income earned from its Trust Account, which amounted to $605,749 for the quarter. For the nine months ending June 30, 2025, the company reported a net income of $1,304,272, compared to a net loss of $113,248 in the prior year. This improvement reflects a substantial increase in interest income, which totaled $1,894,408 for the nine-month period.
In terms of operational changes, Eureka Acquisition Corp has undergone significant adjustments since its inception. The company held an extraordinary general meeting on June 30, 2025, where shareholders approved a Charter Amendment Proposal that allows for an extension of the time to complete a business combination. The new provisions enable the company to extend the deadline up to 12 times, each by one month, potentially extending the deadline to July 3, 2026. This amendment was necessary as the company had accrued approximately $29.45 million in redemption payment liabilities due to the redemption of 2,819,767 Class A ordinary shares.
As of June 30, 2025, Eureka Acquisition Corp reported total assets of $60.32 million, an increase from $58.84 million as of September 30, 2024. The company’s cash reserves decreased to $274,174 from $670,352 in the previous period, while investments held in the Trust Account rose to $60 million. The company’s liabilities also saw a significant increase, primarily due to the public shareholder redemption payable, which was recorded at $29.45 million. The total liabilities stood at $29.68 million, compared to just $49,723 in the previous fiscal period.
Eureka Acquisition Corp has not yet identified a target business for its initial business combination, which remains a critical focus for the company. The management has indicated that the company will continue to incur significant costs in pursuit of its acquisition plans. As of the reporting date, the company had a working capital of $94,338, excluding the public shareholder redemption payable. The management has expressed concerns regarding the company’s ability to continue as a going concern if a business combination is not completed by the extended deadline. The company’s future operations will depend heavily on its ability to identify and successfully execute a business combination, as it has not generated any operating revenues to date.
About Eureka Acquisition Corp
Eureka Acquisition Corp. is a blank check company focused on identifying and completing a merger or acquisition with a private business, primarily in Asia. It aims to leverage experienced management, extensive deal sourcing networks, and a structure that offers target companies an alternative to traditional IPOs. The company seeks resilient, industry-leading businesses with growth potential, benefiting from being publicly listed to enhance capital access and visibility.
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