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10-Q - ADMIRAL FINANCIAL CORP (0000828530) (Filer)

Tue, May 13, 7:10 PM (61 days ago)

**Admiral Financial Corp. (ADFC) Q3 2025 Summary** Admiral Financial Corp. (ADFC) reported no revenue, expenses, or net income for the quarter ending March 31, 2025. The company remains inactive, with no cash flow or capital infusions, as it seeks recapitalization to resume operations. ADFC's total assets and liabilities stand at $0, with a shareholders' deficit of $24,000. The company has no ongoing commitments or obligations and no material legal proceedings. **Key Metrics:** - Revenue: $0 - Net Income: $0 - Total Assets: $0 - Total Liabilities: $24,000 - Shareholders' Deficit: $24,000 - Cash Flow: $0 **Trends and Uncertainties:** - ADFC is seeking a merger, exchange of capital stock, asset acquisition, or other business combination to recapitalize and resume operations. - The company's future depends on securing new equity capital, financing, and attractive acquisition opportunities. - There is uncertainty regarding the availability of working capital and financing for future acquisitions and the successful integration of acquired businesses. **Future Operations Impact:** - ADFC's ability to meet cash requirements and resume operations hinges on a successful recapitalization. - The company may cease operations if it depletes its cash reserves or if management ceases to perform duties on a non-compensatory basis. **Ticker:** ADFC