IB Acquisition Corp. IBAC
are a blank check company formed under the laws of the State of Delaware on July 7, 2020 and which converted to a Nevada corporation
on September 21, 2023. We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.
Our investment strategy is not specific to any sector; however, the management team and board members believe there are compelling investment
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| SG&A | $748.9K | $524.0K | $6.8K | — |
| Operating income | -$748.9K | -$524.0K | -$6.8K | — |
| Interest expense | — | $3.0M | — | — |
| Pre-tax income | $4.4M | $2.5M | -$6.8K | — |
| Income tax | $965.6K | $635.5K | — | — |
| Net income | $3.4M | $1.9M | -$6.8K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $428.7K | $822.8K | $52.6K | — |
| Total current assets | $1.2M | $1.2M | $52.6K | — |
| Total assets | $17.1M | $119.8M | $52.6K | — |
| Accounts payable | $73.8K | $86.7K | $8.0K | — |
| Total current liabilities | $1.8M | $722.2K | $58.0K | — |
| Total liabilities | $1.8M | $722.2K | $58.0K | — |
| Retained earnings | -$681.7K | $1.1M | -$8.4K | — |
| Total equity | -$681.3K | $1.1M | -$5.4K | $1.4K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$1.3M | -$821.0K | -$207 | — |
| Investing cash flow | $107.8M | -$115.6M | — | — |
| Financing cash flow | -$106.1M | $117.2M | $50.0K | — |
| Buybacks | $106.1M | — | — | — |
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 0001493152-26-034626.
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