JFB Construction Q1 FY26 net loss widens to $3.26 million; revenue more than doubles to $12.68 million

• JFB Construction Holdings swung to a net loss of $3.26 million in the three months ended March 31, 2026, from net income of $30,307 a year earlier.
• Revenue more than doubled to $12.68 million, but gross profit fell 13.5% to $1.29 million as project mix shifted toward larger real estate development work with lower gross margin profiles.
• Selling and marketing expense climbed to $1.19 million, due to higher advertising, expanded sales initiatives, new marketing strategies, and trading-symbol awareness efforts.
• General and administrative expense rose 74% to $3.37 million, on talent acquisition and retention, expanded administrative infrastructure and IT systems, higher board compensation, legal costs, rent, and public-company overhead.
• Cash ended period at $6.72 million; investing cash outflow totaled $30.23 million, primarily reflecting a $30.22 million advance payment to XTEND tied to the merger agreement signed Feb. 17, 2026.

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