JFB Construction net loss widens 69% to $4.01 million in Q2 FY26; revenue more than doubled to $9.07 million
Reuters2026/08/13 19:50- JFB Construction Holdings posted a net loss of USD 4.01 million for the quarter ended June 30, 2026, widening 69%.
- Revenue more than doubled to USD 9.07 million, driven by execution of larger real estate development projects.
- Operating loss widened to USD 4.08 million on higher selling and marketing costs of USD 2.03 million.
- General and administrative expense rose 51% to USD 3.26 million, reflecting talent investment, IT upgrades, board pay, legal, rent.
- Merger process advanced with a USD 30.22 million advance payment to XTEND; cash ended at USD 7.97 million.
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