IB Acquisition Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data IB Acquisition Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2024	FY2024	FY2025
General and administrative	0.01	0.52	0.75
Operating income	-0.01	-0.52	-0.75
Interest expense		-3.03
Other non-operating income		3.03	5.13
Pre-tax income	-0.01	2.5	4.38
Income tax		0.64	0.97
Net income	-0.01	1.87	3.42

Balance sheet

	FY2024	FY2024	FY2025
Cash and equivalents	0.05	0.82	0.43
Total current assets	0.05	1.2	1.24
Total assets	0.05	120	17.1
Accounts payable	0.01	0.09	0.07
Accrued liabilities	0.01
Total current liabilities	0.06	0.72	1.83
Total liabilities	0.06	0.72	1.83
Paid-in capital	0
Retained earnings	-0.01	1.11	-0.68
Shareholders' equity	-0.01	1.11	-0.68
Total equity	-0.01	1.11	-0.68
Total liabilities and equity	0.05	120	17.1
Shares outstanding	3.24	4.25	4.25

Cash flow statement

	FY2024	FY2024	FY2025
Net income	-0.01	1.87	3.42
Change in payables	0.01	0.08	-0.01
Cash from operations	-0	-0.82	-1.32
Purchases of investments		-116
Cash from investing		-116	108
Share buybacks			-106
Cash from financing	0.05	117	-106
Net change in cash	0.05	0.77	0.39

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.30 on September 24, 2026.

Profitability

Metric	Value	How it is calculated
Return on assets (ROA)	-4.7%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	82.9%	Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-161.3%	Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-85.7%	Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	28.7%	Total liabilities / total assets.
Tangible book value	-$2.3M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
Book value per share	-$0.54	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$0.54	Tangible book value / shares outstanding.
Cash per share	$0.01	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$56.6M	Share price x shares outstanding.
Enterprise value	$56.6M	Market cap + total debt - cash - short-term investments.
Earnings yield	-0.7%	Net income / market cap (the inverse of P/E).

Was IB Acquisition Corp. profitable in fiscal 2025?

Yes. Net income was $3.4M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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