Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 352

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 352
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 to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters (Note 2). The accompanying notes are an integral part of these financial statements.

| F-4 |

Pyrophyte Acquisition Corp. II Statement of changes in shareholder’s equity For the period from May 1, 2025 (inception) through
May 5, 2025

| Shares                                            
 Balance as of May 1, 2025 (inception)             |     |   Class B 
    Amount 
         — |     |   |   — |     | Additional      
 Paid-In Capital |      — |     | Accumulated 
 Deficit     | —       |   |     | Total         
 Shareholder’s 
 Equity        |       — |   |
|:--------------------------------------------------|:----|----------:|:----|:--|----:|:----|:----------------|-------:|:----|:------------|:--------|:--|:----|:--------------|--------:|:--|
| Issuance of Class B ordinary shares to sponsor(1) |     | 7,255,952 |     |   | 726 |     |                 | 24,274 |     |             | —       |   |     |               |  25,000 |   |
| Net loss                                          |     |         — |     |   |   — |     |                 |      — |     |             | (17,500 | ) |     |               | (17,500 | ) |
| Balance as of May 5, 2025                         |     | 7,255,952 |     | $ | 726 |     | $               | 24,274 |     | $           | (17,500 | ) |     | $             |   7,500 |   |

____________ (1)Includes an aggregate of up to 946,428 Class B ordinary shares subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters (Note 2). The accompanying notes are an integral part of these financial statements.

| F-5 |

Pyrophyte Acquisition Corp. II Statement of cash flows For the period from May 1, 2025 (inception) through
May 5, 2025

| Cash Flows from Operating Activities                                                               |     |   |         |   |
|:---------------------------------------------------------------------------------------------------|:----|:--