Quarterly ResultNov 6, 2026, 06:11 AM
Siddhi Acquisition Corp Reports $7.02M Net Income for 9M 2026
AI Summary
Siddhi Acquisition Corp (SDHI) reported a net income of $7.02 million for the first nine months of 2026, a substantial improvement from a net loss of $2.81 million in the comparable period of 2025. The company's balance sheet shows growth in total assets to $293.95 million, driven by an increase in its investments held in the Trust Account to $293.86 million. While liabilities remained stable, the company experienced a significant decrease in its cash balance.
Key Highlights
- Siddhi Acquisition Corp reported net income of $7.02 million for the nine months ended September 30, 2026, a significant turnaround from a net loss of $2.81 million in the same period of 2025.
- For the three months ended September 30, 2026, net income was $2.28 million, compared to $2.84 million in the prior year period.
- Investments held in Trust Account increased to $293.86 million as of September 30, 2026, from $285.98 million as of December 31, 2025.
- Total assets grew to $293.95 million from $286.74 million over the same periods.
- Total liabilities remained relatively stable at $16.87 million as of September 30, 2026, compared to $16.68 million as of December 31, 2025.
- Cash balance decreased to $27,674 as of September 30, 2026, from $664,894 as of December 31, 2025.
Price Impact
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