Jubilant Flame net loss widens to $29,731 in Q1 FY26; revenue remains no revenue

Jubilant Flame posted a net loss of $29,731 for the quarter ended May 31, 2026, widening from $19,190 a year earlier. Revenue was unchanged at no revenue, while operating expenses climbed 54.93% to $29,731.

Cash provided by financing activities increased to $18,590 from $5,872, driven by short-term loans from related parties.

Professional fees rose to $25,686 from $15,290, with the increase mainly due to $10,000 higher accounting and audit fees. Working capital deficit widened to $1.45 million, with cash at $1,715 and current liabilities at $1.46 million.