If it increases Operating Expenses then it would have an impact on Net Income. The actually money to invest in the assets may be in a different place on the balance sheet though.
Any short-term operating costs related to those investments are likely to be expensed during the period in question and thus be recognized in the income statement.
Opex may also be higher (and consequently lower profit) while heavy investments are made because the company hires a lot of more staff which do not start generate any revenue until a later period.