Lionheart Holdings Reports $2.25 Million Net Income for Quarter Ending June 30, 2025

Lionheart Holdings reported its financial results for the quarter ending June 30, 2025, revealing a net income of $2.25 million, a significant increase from $129,478 in the same period last year. The company generated $2.48 million in interest income from marketable securities held in its Trust Account, which contributed to the overall profitability. For the first half of 2025, net income reached $4.45 million, compared to $107,218 for the same period in 2024. Operating costs for the quarter were $230,165, up from $111,352 a year earlier, reflecting the company's ongoing expenses as it prepares for a potential business combination.

The company’s total assets as of June 30, 2025, amounted to $242 million, an increase from $237.4 million at the end of 2024. The Trust Account, which holds cash and marketable securities, grew to $241.3 million, up from $236.3 million at the end of the previous fiscal year. However, Lionheart Holdings also reported an increase in current liabilities, which rose to $156,637 from $80,000, primarily due to accrued expenses. The company’s accumulated deficit widened to $9.41 million from $8.93 million, indicating ongoing operational costs without revenue generation from business activities.

In terms of strategic developments, Lionheart Holdings has not yet completed any business combinations since its inception in February 2024. The company remains focused on identifying potential target businesses for acquisition. As of June 30, 2025, it had 23 million Class A Ordinary Shares and 7.67 million Class B Ordinary Shares outstanding. The company is classified as a smaller reporting company and an emerging growth company, which allows it to take advantage of certain regulatory exemptions.

Operationally, Lionheart Holdings has maintained a steady cash position, ending the quarter with $569,362 in cash, down from $891,017 at the end of 2024. The company continues to incur costs related to its public company status, including legal and administrative expenses. The management team has indicated that they may seek additional financing through loans or investments from affiliates to support ongoing operations and potential business combinations.

Looking ahead, Lionheart Holdings has until June 22, 2026, to complete a business combination, or it will face mandatory liquidation. The company is actively pursuing opportunities but acknowledges the challenges posed by current market conditions and geopolitical uncertainties. Management remains optimistic about identifying a suitable target and successfully executing a business combination within the designated timeframe.