Quarterly ResultMay 8, 2026, 04:42 PM
ALDF Q1 Net Income $1.91M, Down from $2.25M YoY
AI Summary
Aldel Financial II Inc. reported a net income of $1.91 million for the three months ended March 31, 2026, a decrease from $2.25 million in the prior year period. The company, a blank check company, continues to generate non-operating income primarily from its trust account investments, which totaled $245.17 million as of March 31, 2026. General and administrative expenses increased, contributing to the lower net income and a decrease in total stockholders' equity.
Key Highlights
- Net income for Q1 2026 was $1.91 million, down from $2.25 million in Q1 2025.
- Investment income from the trust account decreased to $2.13 million from $2.42 million YoY.
- General and administrative expenses rose to $219,683 in Q1 2026 from $164,829 YoY.
- Cash at period-end was $364,632, a decrease from $541,650 at December 31, 2025.
- Investment held in trust account increased to $245.17 million from $243.05 million at December 31, 2025.
- Total stockholders' equity decreased to $431,848 from $651,531 at December 31, 2025.
- The company is a blank check company, with all income from trust account investments.