Aldel Financial II Inc. filed its quarterly report on Form 10-Q with the SEC on November 3, 2026, covering the period ended September 30, 2026, disclosing financial results for the nine months and three months ended that date.

Key Highlights

  • Net income (nine months): The company reported net income of $6,179,716 for the nine months ended September 30, 2026, compared with $7,092,083 for the same period in 2025, according to the filing.
  • Trust account balance: The investment held in the trust account stood at $249,681,350 as of September 30, 2026, up from $243,045,615 at December 31, 2025.
  • General and administrative expenses: G&A expenses totaled $456,019 for the nine months ended September 30, 2026, versus $390,823 for the nine months ended September 30, 2025.
  • Cash position: Cash on hand was $209,992 as of September 30, 2026, compared with $541,650 at December 31, 2025.
  • Shares outstanding: As of November 3, 2026, the company reported 10,178,194 Class A ordinary shares and 1 Class B ordinary share issued and outstanding.
  • Redeemable shares: 23,000,000 Class A ordinary shares are subject to possible redemption, carried at a redemption value of $249,681,350 as of September 30, 2026.
  • Total stockholders' equity: Total stockholders' equity was $195,512 at September 30, 2026, down from $651,531 at December 31, 2025.

Aldel Financial II Q3 2026: Trust Income Offsets Operating Losses

According to the filing, Aldel Financial II Inc. (NASDAQ:ALDF) is classified as a shell company and an emerging growth company incorporated in the Cayman Islands. For the nine months ended September 30, 2026, the company reported a loss from operations of $456,019 driven entirely by general and administrative expenses. That operating loss was more than offset by investment income from the trust account of $6,635,735 for the same period, producing net income of $6,179,716, as disclosed in the statements of operations.

For the three months ended September 30, 2026, the company reported net income of $2,162,884, with investment income on the trust account of $2,283,478 and G&A expenses of $120,594. By comparison, the three months ended September 30, 2025 produced net income of $2,450,594, reflecting investment income of $2,570,630. The filing reports basic income per share for redeemable shares of $0.27 for the nine months ended September 30, 2026, and $0.10 for the three months ended September 30, 2026.

The balance sheet as of September 30, 2026 shows total assets of $249,901,202, with total liabilities of $24,340. Net cash provided by operating activities for the nine months ended September 30, 2026 was $6,304,077, while investing activities reflected an outflow of $6,635,735 representing investment into the trust account. Retained earnings declined to $194,825 at September 30, 2026 from $650,844 at December 31, 2025, primarily reflecting accretion of Class A ordinary shares subject to possible redemption of $6,635,735 for the nine months period, partially offset by net income.

What Was Disclosed

Aldel Financial II Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing unaudited financial statements including its balance sheet, income statement, and cash flows, alongside share count data as of November 3, 2026.