Oxley Bridge Acquisition Limited (OBAW) reported QQ1 2026 results with no reported revenue and a modest operating loss, underscoring the SPAC/shell nature of the business. The quarter recorded general and administrative expenses of $124,777 and operating expenses of the same amount, yielding an EBITDA of $(162,277). The standout feature of the period was totalOtherIncomeExpensesNet of $2,278,387, which drove income before tax to $2,116,110 and net income to $2,116,110, with earnings per share of $0.07. This earnings profile indicates that the reported net income is largely a result of non-operating items rather than operating profitability, which is typical for SPACs pre-merger when expected transaction-related gains or other one-time entries can skew near-term earnings. Given the absence of revenue data and no disclosed debt in the provided information, investors should frame the QQ1 results within the SPAC lifecycle: future value remains contingent on completing a qualifying business combination and realizing scale from a target business.
Key Performance Indicators
Operating Income
Stable
-162.28K
QoQ: N/A | YoY: N/A
Net Income
Stable
2.12M
QoQ: N/A | YoY: N/A
EPS
Stable
0.07
QoQ: N/A | YoY: N/A
Revenue Trend
Margin Analysis
Financial Highlights
Overview of QQ1 2026 metrics (USD, unless noted):
- Revenue: Not disclosed (null); no cost of revenue reported.
- EBITDA: $(0.162) million; negative due to fixed operating costs relative to zero revenue.
- Operating Income: $(0.162) million; aligns with EBITDA due to no revenue contribution.
- Total Other Income/Expenses: $2.278 million; primary driver of pretax profitability in the quarter.
- Income Before Tax: $2.116 million; reflects non-operating income more than operating results.
- Income Tax Expense: Not disclosed.
- Net Income: $2.116 million; headline figure driven by non-operating item rather than operating performance.
- Earnings Per Share (EPS): $0.07 (basic and diluted).
- Weighted Average Shares Outstanding: 25.30 million.
- Cash flow: Not provided in the filings; no cash flow metrics reported for QQ1 2026.
- Revenue/Profitability context: The absence of revenue and positive net income due to a one-time/non-operating item imply limited earnings quality and highlight the reliance on transaction-driven items typical for SPACs at this stage.
Income Statement
Metric
Value
YoY Change
QoQ Change
Key Financial Ratios
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.