Oxley Bridge Acquisition Limited Reports $2.1 Million Net Income for Quarter Ending March 31, 2026

Oxley Bridge Acquisition Limited has reported its financial results for the quarter ending March 31, 2026, revealing a net income of $2.1 million, a significant turnaround from a net loss of $12,962 in the same period last year. The company attributed this positive performance primarily to income generated from investments held in its Trust Account, which amounted to $2.3 million, alongside $7,813 in dividend income. General and administrative expenses increased to $124,777, compared to $12,962 in the prior year, reflecting the costs associated with being a public company.

The company’s total assets as of March 31, 2026, stood at approximately $261.5 million, up from $259.3 million at the end of 2025. This increase was largely driven by the growth in investments held in the Trust Account, which rose to $260.5 million from $258.2 million. Cash and cash equivalents decreased to $816,134 from $978,307, indicating a strategic allocation of resources as the company prepares for its initial business combination.

Oxley Bridge Acquisition Limited, which is classified as a non-accelerated and smaller reporting company, has not yet entered into a definitive agreement for a business combination. The company is focusing on identifying potential targets in the global consumer and technology sectors, particularly those with disruptive growth potential in Asia, excluding China, Hong Kong, and Macau. The company has until June 26, 2027, to complete its initial business combination, or it will be required to liquidate and return funds to shareholders.

As of the reporting date, the company had 25.3 million Class A Ordinary Shares and 6.3 million Class B Ordinary Shares outstanding. The Class A shares are subject to possible redemption at a value of approximately $10.30 per share. The company has also incurred transaction costs of $16.99 million related to its initial public offering, which included underwriting fees and other offering costs. Looking ahead, Oxley Bridge Acquisition Limited anticipates continued expenses as it navigates the complexities of being a public entity while pursuing its acquisition strategy.