LSE SPAC-I Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing its financial performance and strategic developments as the first Special Purpose Acquisition Company (SPAC) in Pakistan.
- The company was incorporated in March 2025 and completed its IPO in May 2026, listing on the Pakistan Stock Exchange on May 11, 2026.
- Revenue for the year was PKR 0, with a net loss of PKR 29.61M compared to a loss of PKR 0.45M in the previous year.
- Earnings per share (EPS) stood at PKR (6.04), worsening from PKR (1.43) in the prior year.
- Total assets increased to PKR 230.32M from PKR 9.60M, while equity rose to PKR 229.95M from PKR 9.55M.
- The company has not declared any dividends due to its operational nature as a SPAC.
- Future plans include a proposed business combination with Ningbo Green Light Energy Limited, with an investment of PKR 230M for a 19.04% stake.
- The report is audited and reflects compliance with corporate governance standards.