Factorial Energy Inc. FAC
We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities, which we refer to throughout this Annual Report as our initial business combination. While we may pursue our initial business combination in any business industry or sector, we have initially focused on seeking high-growth businesses with proven or potential transnational operations or outlooks in order to capitalize on the experience, reputation, and network of our management team. Furthermore, we seek target businesses where we believe we will have an opportunity to drive ongoing value creation after our initial business combination is completed, as our management team has done with multiple investments over a wide range of sectors, industries and geographical locations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| R&D | $24.3M | $31.8M |
| SG&A | $22.2M | $24.7M |
| Operating income | -$63.6M | -$56.5M |
| Pre-tax income | -$73.8M | -$54.3M |
| Income tax | $0 | $0 |
| Net income | -$73.8M | -$54.3M |
| EPS, basic | -14.69 | -10.85 |
| EPS, diluted | -14.69 | -10.85 |
| Shares, diluted (wtd. avg.) | 5.0M | 5.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Cash and equivalents | $0 | $0 |
| Total current assets | $740.1K | $3.2K |
| Total assets | $284.2M | $266.9K |
| Total current liabilities | $834.9K | $284.5K |
| Total liabilities | $14.0M | $284.5K |
| Retained earnings | -$13.2M | -$42.6K |
| Total equity | -$13.2M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 |
|---|---|---|
| Operating cash flow | -$30.2M | -$37.2M |
| Depreciation and amortisation | $6.7M | $9.1M |
| Capital expenditure | $1.0M | $1.0M |
| Investing cash flow | $1.3M | -$1.9M |
| Financing cash flow | $7.3M | -$816.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-079324.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2024 | FY2025 |
|---|---|---|
| Revenue | — | — |
| Gross profit | — | — |
| Net income | -$54.3M | -$73.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Change of control Control of the company has changed hands. Item 5.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Code of ethics change The code of ethics changed, or somebody was excused from part of it. Item 5.05
- Shell company status changed A shell has acquired a real business, or a business has become a shell. The usual route to a listing without an IPO. Item 5.06
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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