Metals Acquisition Corp. II Reports $1.75 Million Net Income for Quarter Ending June 30, 2026

Metals Acquisition Corp. II reported its financial results for the quarter ending June 30, 2026, revealing a net income of $1.75 million for the three-month period and $1.93 million for the six months ended June 30, 2026. The income primarily stemmed from interest earned on cash and marketable securities held in the Trust Account, amounting to $2.08 million for the quarter and $2.41 million for the half-year. General and administrative expenses totaled $326,947 for the quarter and $483,518 for the six months, resulting in a loss from operations of $326,947 and $483,518, respectively.

The company experienced significant changes compared to the previous fiscal period, particularly in its balance sheet. As of June 30, 2026, total assets surged to $234.51 million, up from $132,072 at the end of 2025. This increase was largely due to the successful completion of its Initial Public Offering (IPO) on March 13, 2026, which raised $230 million from the sale of 23 million units, including the full exercise of an over-allotment option. The company also sold 5,066,666 Private Placement Warrants, generating an additional $7.6 million.

Operationally, Metals Acquisition Corp. II 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 June 30, 2026, the company had cash of $1.89 million and marketable securities held in the Trust Account of $232.41 million. The company has 23 million Class A ordinary shares and 7.67 million Class B ordinary shares outstanding. The Class A shares are subject to possible redemption, reflecting a redemption value of $10.10 per share.

Looking ahead, the company plans to utilize the funds in the Trust Account to complete a business combination, which must occur within 24 months of the IPO. The management has indicated that while they do not foresee the need for additional funds to meet operational expenditures, they may require further financing to complete a business combination or to address potential redemptions of public shares. The company remains focused on identifying suitable acquisition targets and executing its business strategy in the coming months.