First America Resources Corp

First America Resources Corp reported strong Q2 2026 results, with revenue increasing 20% year-over-year to $5.79 million. The company achieved a net income of $483,011, a significant improvement from a net loss in the prior year period. For the six months ended June 30, 2026, revenue rose 20% to $10.59 million, and net income reached $780,241. Management also noted the alleviation of substantial doubt about its ability to continue as a going concern due to recent profitability and shareholder support.

First America Resources Corp reported a 19% increase in Q1 2026 revenue to $4.80 million, up from $4.02 million in the prior year. Despite this revenue growth and a significant improvement in income from operations to $327,846, net income decreased to $297,230 from $375,129, primarily due to a non-recurring employee retention credit in the prior year's other income. The company also saw a substantial increase in cash provided by operating activities.