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Financial statements

Twelve Seas Investment Co III/Cayman financial statements

Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Twelve Seas Investment Co III/Cayman 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

FY2025
General and administrative0.23
Operating income-0.23
Other non-operating income0.27
Income tax0
Net income0.04

Balance sheet

FY2025
Cash and equivalents0.69
Total current assets0.8
Total assets174
Accrued liabilities0.07
Total current liabilities0.17
Total liabilities7.07
Retained earnings-6.2
Shareholders' equity-6.2
Total equity-6.2
Total liabilities and equity174

Cash flow statement

FY2025
Net income0.04
Cash from operations-0.25
Cash from investing-173
Cash from financing173
Net change in cash0.67

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $10.06 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)0.0%Net income / average total assets.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.63xCurrent assets / current liabilities.
Quick ratio4.00x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets4.1%Total liabilities / total assets.
Working capital$629.4KCurrent assets - current liabilities.
Tangible book value-$6.2MShareholders' equity - goodwill - intangible assets.
Was Twelve Seas Investment Co III/Cayman profitable in fiscal 2025?

Yes. Net income was $37.0K, 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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