JFB Construction (JFB) investor relations material

Executive summary

• Revenue for Q1 2026 rose 114% year-over-year to $12.7M, driven by larger real estate development projects and expanded construction activity.

• Net loss for Q1 2026 was $3.26M, compared to net income of $30K in Q1 2025, due to higher operating expenses and investments in growth.

• The company entered a definitive merger agreement with XTEND, remitting a $30.2M upfront payment; the transaction is pending regulatory approval.

• Significant expansion in commercial and real estate development segments, with a focus on the Southern Atlantic region and select U.S. growth markets.

Financial highlights

• Q1 2026 revenue: $12.7M (up from $5.9M in Q1 2025).

• Gross profit: $1.29M (down 13.5% year-over-year), reflecting lower margins on larger projects.

• Operating expenses increased to $4.72M (from $1.5M), mainly due to higher marketing, administrative, and rent costs.

• Net loss: $3.26M (vs. net income of $30K in Q1 2025).

• Cash at quarter-end: $6.7M; positive working capital of $12.2M.

Outlook and guidance

• Management expects continued growth through expansion into new markets and larger, capital-intensive projects.

• Focus remains on leveraging industry relationships and increasing bonding capacity to secure high-value contracts.

• The merger with XTEND is expected to enhance strategic opportunities, pending closing.