ANSC is no longer listed. Its last trade on record was Aug 20, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
The company remains pre-revenue, with 2026Q1 administrative expenses of $614.7K outpacing operational utility and distorting net income through non-operating gains.
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares (ANSC) annual income statement — 5-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 6.15M | 5.5M | 10.24M | 1.15M | 1.23K | 8.39K |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 6.15M | 5.5M | 10.24M | 1.15M | 1.23K | 8.39K |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -6.15M | -5.5M | -10.24M | -1.15M | -1.22K | -8.39K |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | 46.31% | -789.75% | -94244.26% | 85.46% | - |
| EBITDA | -6.15M | -5.5M | 0 | 0 | 5 | 2.79K |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | -119.89% | - | - | -100% | -99.82% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 10.24M | 1.15M | 1.23K | 11.19K |
| EBIT | -6.15M | -5.5M | -10.24M | -1.15M | -1.23K | -11.19K |
| Net Interest Income | 15.36M | 15.97M | 18.61M | 2.46M | 0 | 0 |
| Interest Income | 15.36M | 15.97M | 18.61M | 2.46M | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | 9.21M | 10.47M | 8.36M | 1.3M | -1.23K | -8.39K |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 9.21M | 10.47M | 8.36M | 1.3M | -1.23K | -8.39K |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | 11.65% | 25.16% | 540.92% | 106630.61% | 85.4% | - |
| Net Income (Continuing) | 9.21M | 10.47M | 8.36M | 1.3M | -1.23K | -8.39K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.28 | 0.24 | 0.19 | 0.11 | 0.00 | -0.00 |
| EPS Growth % | 15.9% | 26.32% | 72.73% | - | - | - |
| EPS (Basic) | - | 0.24 | 0.19 | 0.17 | 0.00 | -0.00 |
| Diluted Shares Outstanding | 32.92M | 34.29M | 43.13M | 43.13M | 43.13M | 43.13M |
| Basic Shares Outstanding | 32.92M | 34.29M | 43.13M | 43.13M | 43.13M | 43.13M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Quick answers to the most common questions about buying ANSC stock.
For fiscal year 2025, Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares (ANSC) reported total revenue of $0.0M.
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares (ANSC) is profitable, generating $10.5M in net income for the fiscal year ending 2025.
Key Metrics
Top Statement Risk
Liquidation deadline execution risk
Metrics are mathematically derived from official filings.
Administrative Burn Outpaces Operational Utility
As documented in recent SEC filings, ANSC continues to incur significant administrative expenses, with SG&A reaching $614.7K in 2026Q1, reflecting the ongoing costs of maintaining a public shell entity without any corresponding revenue generation to offset these recurring operational outflows.
The company's cost structure is entirely comprised of fixed administrative overhead, which appears to be the primary driver of the persistent operating losses. Investors should note that these expenses are non-productive in nature, serving only to sustain the corporate vehicle while management searches for a suitable business combination.
Non-Operating Items Distort Net Income
Based on reported financial statements, ANSC's net income of $2.8M in 2026Q1 is disconnected from its operating performance, as the entity remains pre-revenue and relies on non-operating gains, likely stemming from fluctuations in the fair value of financial instruments or interest income.
The reported net income figures should be viewed with caution, as they do not reflect operational profitability or sustainable business growth. The volatility in quarterly earnings suggests that investors are seeing the impact of accounting adjustments rather than fundamental value creation, which warrants further investigation into the underlying drivers of these non-operating gains.
Operating Leverage Remains Structurally Absent
According to the latest quarterly data, ANSC exhibits no operating leverage, as the company reported an operating loss of $614.7K in 2026Q1 against zero revenue, confirming that the entity is currently functioning as a capital pool rather than an operating business.
The absence of revenue means that any increase in administrative spending directly expands the operating deficit, leaving no room for efficiency gains. Until a definitive merger is completed, the income statement will continue to reflect a lack of operational scale, making traditional leverage metrics inapplicable to the current business model.
Liquidation Pressure Risks Value Erosion
As indicated by the historical income statement trends, the company's reliance on interest-derived income to offset administrative burn may become unsustainable as the entity approaches its liquidation deadline, potentially forcing management into sub-optimal acquisition terms to preserve the remaining trust value.
Short-term observers might focus on the volatility of net income as a sign of financial health, but this ignores the underlying pressure of the ticking clock on the trust account. The risk remains that the necessity of securing a deal could lead to the acquisition of a target with poor fundamental quality, ultimately diluting the value for public shareholders.