FSTJ First America Resources Corp

Overview and Growth

Fiscal 2025 results for First America Resources Corp combined $18.79M of revenue with net income of $2.77K and an operating cash inflow of $79.52K. Revenue of $18.79M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $16.21M in fiscal 2024, revenue recorded a 15.9% year-over-year increase. Diluted earnings per share were $0.00, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $6.66M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 2.82x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $10.35M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 55.1% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $186.81K, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 1.0%, showing the shortfall after operating costs. The bottom-line result was net income of $2.77K, after the operating, financing, tax, and other items recognized for the period. Net margin was 0.0%, meaning that this portion of revenue remained as net income after all recognized expenses. The company reported negative EBITDA of $101.65K, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Return on period-end assets was 0.0%, connecting net income with the company’s total asset base. Against $211.11K in fiscal 2024, the current $2.77K bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $6.66M asset base was financed through $8.25M of liabilities and -$1.59M of equity. The company reported negative equity of -$1.59M, a capital deficit that reduces its ability to absorb losses through book equity. Current assets were $2.77M against $5.81M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.48x of current liabilities, so current liabilities exceeded current assets at period end. The company held $276.86K in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 4.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was -23.8%, placing book capital against the total resource base. Liabilities represented 123.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 4.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 3.2% from $6.88M in fiscal 2024, leaving current total assets lower year over year. The reported cash balance changed 41.1% from $470.27K in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $79.52K, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 28.76x, showing the relationship between accrual earnings and operating cash. Capital spending was $2.73K, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 3.4% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $76.79K of positive free cash flow for the period. Relative to revenue, free cash flow equaled 0.4%, showing how much sales converted into cash after investment. Free cash flow equaled 1.2% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.