Full year 2025 revenues increase 40%as compared with full year 2024 revenues Lantana, Fla., Jan. 06, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development, today announced that it expects to report full year 2025 revenues of $32 million, an increase of 40% as compared to full year 2024 revenues. “This achievement of an anticipated 40% increase in full year 2025 ...

Core Insights - JFB Construction Holdings expects a 119% increase in Q4 2025 revenues compared to Q4 2024 revenues, indicating strong growth potential for the company [1][2]. Group 1: Financial Performance - The anticipated revenue increase is attributed to several milestones achieved during Q4 2025, with ongoing projects expected to contribute positively to revenue in Q1 2026 [2]. - The company has executed an $18.9 million contract for the first phase of a high school construction project in DeSoto County, with a total contract value of $100 million upon completion [7]. - A $44 million private placement has been completed, with $34 million allocated for general corporate operating expenses [7]. Group 2: Ongoing Projects and Partnerships - JFB is involved in the construction of a Courtyard Marriott in Olive Branch, Mississippi, where it holds a 25% ownership interest [7]. - The company plans to collaborate with Building Tomorrow's Schools, which has developed over 40 schools in Florida, as public school construction becomes a new revenue stream [3]. Group 3: Company Background - JFB Construction Holdings has extensive experience in residential and commercial construction, having developed over 2 million square feet of commercial and retail space [4]. - The company's reputation is built on client trust, with most projects acquired through referrals and repeat customers, operating in 36 U.S. states [5].

Core Insights - JFB Construction Holdings announced that CFO Ruben Calderon purchased 1550 shares of the company's common stock at an average price of $18.72, totaling approximately $30,000, reflecting confidence in the company's financial strength and growth potential for 2026 and beyond [1][2]. Company Overview - JFB Construction Holdings specializes in real estate development and construction across hospitality, commercial, industrial, and residential sectors, boasting over 2 million square feet of commercial and retail space [1][2]. - The company has extensive experience in building multifamily communities, shopping centers, national franchises, and exclusive estate and equestrian homes [2]. Reputation and Client Trust - JFB's reputation is built on client trust, with a significant portion of projects acquired through referrals and repeat customers [3]. - The company has provided general contracting and construction management services across 36 U.S. states, indicating a broad operational footprint [3].

Core Insights - JFB Construction Holdings announced that CEO Joseph F. Basile, III purchased 5,900 shares of the company's common stock at an average price of $16.79, totaling approximately $100,000, reflecting his confidence in the company's future [1] - The company emphasizes its commitment to transparent communication and long-term value creation for shareholders [1] Company Overview - JFB Construction Holdings specializes in real estate development and construction across various sectors, including hospitality, commercial, industrial, and residential properties [1] - The company has extensive experience in building multifamily communities, shopping centers, national franchises, and exclusive estates, with over 2 million square feet of commercial and retail space developed [2] Reputation and Client Trust - JFB's reputation is built on client trust, with a significant portion of projects acquired through referrals and repeat customers [3] - The company has provided general contracting and construction management services across 36 U.S. states, showcasing its broad operational reach [3]

Core Viewpoint - JFB Construction Holdings anticipates over 20% revenue growth in Q4 2025 compared to Q4 2024, driven by several successful projects and a strong balance sheet [2][3]. Group 1: Revenue Performance - The company expects strong revenue performance to finish 2025, with ongoing projects contributing to Q1 2026 revenues [3]. - The DeSoto County high school project, valued at over $30 million for Phase 2, is expected to significantly impact Q4 revenue, with construction starting in October 2025 [5]. Group 2: Financial Strength - JFB Construction Holdings has over $34 million in working capital, enhancing its bonding capacity and enabling it to secure larger construction projects [4]. - The company completed a $44 million private placement, with $34 million allocated for general corporate operating expenses [9]. Group 3: Strategic Initiatives - The company is entering the public school construction sector in Florida, collaborating with Building Tomorrow's Schools, which has developed over 40 schools in the state [6]. - The ongoing construction of a Courtyard Marriott in Olive Branch, Mississippi, where JFB holds a 25% ownership interest, reflects its diverse project portfolio [9].

Financial Performance - Revenues decreased by $2,931,191, or 37%, to approximately $4,983,868 for the three months ended September 30, 2025, compared to $7,915,059 for the same period in 2024[148] - Cost of revenues decreased by $2,191,576, or 34%, to approximately $4,241,681 for the three months ended September 30, 2025, from approximately $6,433,257 for the same period in 2024[149] - Gross profit decreased by $739,615, or 50%, to $742,187 for the three months ended September 30, 2025, from $1,481,802 for the same period in 2024[150] - Revenues decreased by $1,386,066, or 8.7%, to approximately $14,582,669 for the nine months ended September 30, 2025, primarily due to a decline in new contracts and project commencements[159] - Gross profit decreased by $753,144, or 23.3%, to $2,469,088 for the nine months ended September 30, 2025, attributed to the decrease in revenue outpacing the reduction in cost of revenue[161] - Net income decreased by $3,171,601, or 1,378%, to $(3,401,659) for the nine months ended September 30, 2025, primarily due to increased general and administrative expenses[168] Expenses - Selling and marketing expenses decreased by $8,740, or 31.3%, from $27,917 in the three months ended September 30, 2024, to $19,177 in the same period of 2025[151] - General and administrative expenses increased by approximately $5,416, or 31%, to approximately $1,750,138 for the three months ended September 30, 2025, from approximately $1,744,722 for the same period in 2024[152] - General and administrative expenses increased by approximately $1,826,616, or 54%, to approximately $5,193,108 for the nine months ended September 30, 2025, mainly due to investments in talent acquisition and administrative infrastructure[164] - Depreciation and amortization expenses decreased by $19,763, or 23.8%, to $62,978 for the three months ended September 30, 2025, from $82,741 for the same period in 2024[153] Cash Flow - Net cash provided by operating activities was $(2,832,320) for the nine months ended September 30, 2025, reflecting a 168% decrease compared to $4,144,937 in the same period of 2024[170] - Net cash used in investing activities increased to $(1,071,350) for the nine months ended September 30, 2025, compared to $(750,614) in the same period of 2024, due to strategic investments in long-term assets[172] - Net cash provided by financing activities was $7,805,286 for the nine months ended September 30, 2025, compared to net cash used of $(862,660) in the same period of 2024, primarily from IPO proceeds[173] - Cash at the end of the period increased to approximately $6,597,799 as of September 30, 2025, compared to $3,768,407 at the end of the same period in 2024[169] - The company had positive working capital of $9,015,995 as of September 30, 2025, with current assets of approximately $11,326,032 and current liabilities of approximately $2,310,037[176] - Interest income increased by $29,363, or 19%, to $180,171 for the nine months ended September 30, 2025, due to higher interest rates on bank balances[167] Business Strategy - The company intends to focus its business in states with increased population and GDP growth, such as Florida, Texas, and South Carolina[132] - The company has begun to expand its real estate development segment by being the general contractor on low-rise apartment and townhome development projects[137] - The company completed its initial public offering (IPO) on March 5, 2025, issuing 1,250,000 units of Class A common stock, generating net proceeds of $4,667,636[142] - JFB holds a 19.5% ownership interest in CM OB Hotel Owner, LLC, with an investment of $1,000,000 made on April 24, 2025, for the development of a hotel[143] Accounting Policies - The Company recognizes revenue from contracts with customers based on the performance obligations satisfied over time, in accordance with ASC 606[190] - Contract assets represent revenues recognized in excess of amounts billed on contracts in progress, while contract liabilities represent billings in excess of revenues recognized[194] - Basic Earnings Per Share (EPS) is calculated using the two-class method, dividing net earnings available to common shareholders by the weighted average number of common shares outstanding[197] - Diluted EPS is computed under both the two-class method and the treasury stock method, reporting the more dilutive result[198] - The Company adopted ASU 2023-07 on January 1, 2024, with no material impact on its consolidated financial statements[206] - ASU 2023-09, effective for annual periods beginning after December 15, 2024, enhances income tax disclosure requirements[207] - The Company is currently assessing the impact of ASU 2023-09 on its income tax disclosures and reporting requirements[208] - The Company discloses all material related party transactions in accordance with ASC 850 and SEC Regulation S-X[205] - The Company identifies performance obligations as distinct promises to transfer goods or services to a customer, ensuring clarity in revenue recognition[192] - The Company applies the cost-to-cost method to measure progress toward completion of contracts, estimating total contract costs[193]

Core Points - JFB Construction Holdings has been invited as the exclusive general contractor to the European Wax Center's corporate conference in Texas, scheduled for March 2026 [1][2] - JFB has a long-standing relationship with European Wax Center, having built 400 locations for them over the past 10 years, including the first franchised location in 36 states [2] - European Wax Center operates over 1,000 locations across 44 states and performed more than 23 million services in the past year, generating sales of $951 million in fiscal 2024 [3] Company Overview - JFB Construction Holdings specializes in residential and commercial construction and development, with experience in building multifamily communities, shopping centers, and national franchises [4] - The company has completed over 2 million square feet of commercial and retail space and is known for its quality and production [4] - JFB's business model relies heavily on client trust, with most projects obtained through referrals and repeat customers, providing services in 36 U.S. states [5] Industry Context - European Wax Center is a leading franchisor and operator in the out-of-home waxing services sector in the United States, known for its innovative Comfort Wax and proprietary products [3] - The company emphasizes a strong corporate culture with values centered around care, integrity, guest satisfaction, and enjoyment in the workplace [3]

Core Insights - JFB Construction Holdings has been approved for an $18.9 million bond to act as the general contractor for the first phase of a public high school construction project in DeSoto County, Florida, with a total contract value of $100 million [2][3]. Company Overview - JFB Construction Holdings specializes in real estate development and construction across various sectors, including hospitality, commercial, industrial, and residential properties [2]. - The company has extensive experience in building multifamily communities, shopping centers, and other commercial spaces, totaling over 2 million square feet [7]. Financial Strength - The company boasts a strong balance sheet with over $34 million in working capital, enhancing its bonding capacity and enabling it to secure larger and more complex construction projects [5]. - The bond issuance provides a financial guarantee to clients, ensuring project completion and payment to subcontractors and suppliers [4]. Project Details - Construction for Phase 1 of the high school project has commenced, with an expected completion date in January 2026 [6]. - The value of the upcoming Phase 2 contract is projected to exceed $30 million, with construction planned to start in June 2026 [6].

Core Points - JFB Construction Holdings has secured an $18.8 million contract for the first phase of a public high school construction project in DeSoto County, Florida, which is part of a larger $100 million project [1][2] - The project will expand the existing campus by approximately 100,000 square feet over 40 acres, accommodating an additional 1,379 students [2] - The construction is set to begin in mid-October 2025, with Phase 1 expected to be completed by January 2026 [4] Company Overview - JFB Construction Holdings specializes in hospitality, commercial, industrial, and residential property development, with a strong focus on educational contracting [1][2] - The company has a robust balance sheet with over $34 million in working capital, enhancing its bonding capacity for larger projects [3] - JFB has a reputation built on client trust, with most projects obtained through referrals and repeat customers, having provided services in 36 U.S. states [6] Financial Impact - The project is anticipated to have an immediate positive impact on the company's revenue for Q4 of 2025 [4] - The value of the subsequent Phase 2 contract is projected to exceed $30 million, with construction planned to commence in June 2026 [4]

Core Points - JFB Construction Holdings has completed a PIPE financing agreement with American Ventures LLC, raising approximately $43.9 million in gross proceeds [1] - The company utilized $12 million of the net proceeds to retire Class B Common Stock owned by CEO Joseph F. Basile III, with the remaining funds allocated for general corporate operating expenses [2] - The financing involved the sale of 4,389,500 shares of Series C Convertible Preferred Stock, convertible into 8,068,933 shares of common stock at a conversion price of $5.44 per share [3] - The offering included 8,068,933 Common Warrants A and B, with exercise prices of $5.75 and $6.25 respectively, both expiring three years from issuance [4] Company Overview - JFB Construction Holdings specializes in real estate development and construction across hospitality, commercial, industrial, and residential sectors [1] - The company has extensive experience in building multifamily communities, shopping centers, and over 2 million square feet of commercial and retail space [7] - JFB has established a strong reputation based on client trust, with most projects acquired through referrals and repeat customers, operating in 36 U.S. states [8]