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Melar Acquisition I Unit (MACIU) Financials

MACIU NASDAQ
FY2025 annual
Revenue Not reported for FY2025
Net Income $5.5M YoY not available
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$774K YoY not available
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MACIU SEC filings page.

This page shows Melar Acquisition Corp. I Unit (MACIU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MACIU FY2025

Melar Acquisition Corp. I is a balance-sheet vehicle, not an operating business, with liabilities exceeding assets and negative equity.

The combination of assets of $175M and liabilities of $182M leaves $7.0M of negative equity, so reported asset value does not translate into residual shareholder value.

The company reported net income of $5.5M despite an operating loss of $1.5M, indicating that the bottom-line result was driven outside ordinary operating activity. Operating cash flow was negative $774K while financing cash flow was positive $3.2M, showing that reported earnings and internally generated cash moved in different directions.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Melar Acquisition Corp. I Unit does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Interest Coverage At Risk
N/A

Melar Acquisition Corp. I Unit reported an operating loss of $1.5M against $540K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Net Income
$720K
YoY-53.7%
QoQ-7.5%

Melar Acquisition Corp. I Unit reported $720K in net income in Q2 2026. This represents a decrease of 53.7% from the same quarter a year earlier. Against the prior quarter it is down 7.5%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$2K
YoY-99.6%
QoQ-85.4%

Melar Acquisition Corp. I Unit held $2K in cash as of Q2 2026; no long-term debt figure is on record for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

MACIU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MACIU quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
SG&A Expenses$629K+169.5%$739K+371.0%N/A$712K+446.1%$233K+163.3%$157KN/A$130K
Operating Income-$629Kn/m-$739Kn/mN/A-$712Kn/m-$233Kn/m-$157KN/A-$130K
Interest Expense$167K+152716.5%$153KN/A$384K$109N/AN/AN/A
Net Income$720K-53.7%$778K-50.7%N/A$1.1M-53.3%$1.6M+1364.0%$1.6MN/A$2.4M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MACIU Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MACIU quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$47.0M-72.2%$176.9M+5.9%$175.3M+5.9%$173.8M+6.1%$168.9M+4.6%$167.1M$165.5M$163.7M
Current Assets$4.2M+324.5%$4.0M+337.6%$3.9M+274.5%$4.0M+266.1%$978K-19.1%$916K$1.0M$1.1M
Cash & Equivalents$2K-99.6%$14K-98.0%$32K-96.3%$286K-69.4%$556K-46.4%$693K$878K$934K
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0$0$0
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0$0$0
Total Liabilities$50.5M-71.1%$184.7M+6.9%$182.3M+6.6%$180.4M+6.7%$174.8M+4.7%$172.8M$171.0M$169.1M
Current Liabilities$5.9M+1927.9%$5.1M+15528.2%$4.3M+10311.5%$4.1M+35710.9%$292K+82.0%$33K$41K$11K
Non-Current Liabilities$44.6M-74.5%$179.5M+3.9%$178.0M+4.1%$176.3M+4.3%$174.5M+4.7%$172.7M$171.0M$169.1M
Total Equity-$3.5Mn/m-$7.7Mn/m-$7.0Mn/m-$6.6Mn/m-$5.9Mn/m-$5.7M-$5.5M-$5.4M
Retained Earnings-$3.5Mn/m-$7.7Mn/m-$7.0Mn/m-$6.6Mn/m-$5.9Mn/m-$5.7M-$5.5M-$5.4M

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

MACIU Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MACIU quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$232Kn/m-$93Kn/m-$237Kn/m-$215Kn/m-$137Kn/m-$185K-$56K-$103K
Investing Cash FlowN/AN/A-$18Kn/m-$3.0Mn/mN/AN/A$0$0
Financing Cash Flow-$131.3M$75K$0n/m$3.0Mn/mN/AN/A$0$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

MACIU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MACIU quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Assets1.5%+0.6pp0.4%-0.5ppN/A0.6%-0.8pp0.9%+0.9pp0.9%N/A1.5%
Current Ratio0.70-2.6x0.78-27.1x0.91-24.4x1.00-96.4x3.35-4.2x27.9125.3097.39

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.

Note: Shareholder equity is negative (-$7.0M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Melar Acquisition Corp. I Unit MACIU FY2025 N/A $5.5M N/A N/A —
IB Acquisition Corp. IBAC FY2025 N/A $3.4M N/A $54.4M —
Range Capital Acquisition Corp. RANG FY2025 N/A $4.0M N/A $73.1M —
Stellar V Capital Corp. Unit SVCCU FY2025 N/A $5.3M N/A N/A —
Melar Acquisition Corp. I MACI FY2025 N/A $5.5M N/A $80.4M —

Frequently Asked Questions

Is Melar Acquisition Corp. I Unit profitable?

Yes, Melar Acquisition Corp. I Unit (MACIU) reported a net income of $5.5M in fiscal year 2025.

What is Melar Acquisition Corp. I Unit's operating cash flow?

Melar Acquisition Corp. I Unit (MACIU) recorded an outflow of $774K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Melar Acquisition Corp. I Unit's total assets?

Melar Acquisition Corp. I Unit (MACIU) had $175.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Melar Acquisition Corp. I Unit (MACIU) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Melar Acquisition Corp. I Unit (MACIU) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Melar Acquisition Corp. I Unit (MACIU) has negative shareholder equity of -$7.0M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Melar Acquisition Corp. I Unit (MACIU) reported an operating loss of $1.5M against $540K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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