Quarterly ResultApr 28, 2026, 06:07 AM
JFIL FY2026 Net Loss $(63,507); Going Concern Warning
AI Summary
Jubilant Flame International, Ltd. reported a net loss of $(63,507) for the fiscal year ended February 28, 2026, with no revenue generated from its new technical support services for nutrition food products. The company's auditors issued a going concern warning due to recurring losses and a significant working capital deficit of $(1,420,092). JFIL ceased cosmetic product sales in early 2020 and its new business line remains pre-revenue.
Key Highlights
- Reported a net loss of $(63,507) for the fiscal year ended February 28, 2026.
- Incurred a net loss of $(59,672) for the fiscal year ended February 28, 2025.
- Generated Nil revenue for both fiscal years ended February 28, 2026, and 2025.
- Operating expenses increased to $63,507 in FY2026 from $59,672 in FY2025.
- Working capital deficit increased to $(1,420,092) as of February 28, 2026.
- Cash used in operating activities was $(49,261) in FY2026.
- Cash provided by financing activities was $52,211 in FY2026.
- Auditors issued a going concern warning due to recurring losses and working capital deficit.