First America Resources Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data First America Resources Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2025
Revenue			0	0	0	0	0	0	16.2	18.8
Cost of revenue			0	0	0	0	0	0.01	7.1	8.45
Gross profit			0	0	0	0	0	-0.01	9.1	10.3
Selling, general and administrative	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.03	2.07	2.46
Selling and marketing									0.1	0.15
Operating expenses	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.03	8.81	10.5
Operating income	-0.03	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.04	0.3	-0.19
Interest expense									0.1	0.16
Other non-operating income							0	0	-0.09	0.19
Pre-tax income	-0.03	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.04
Income tax			0	0	0	0	0	0
Net income	-0.03	-0.02	-0.02	-0.02	0.02	-0.02	0.08	-0.04	0.21	0
EBITDA									0.4	-0.1
EPS, basic	0.00	0.00	0.00	0.00	0.00
EPS, diluted	0.00	0.00	0.00	0.00	0.00				0.00	0.00
Shares, basic (weighted)	7.96	7.96	7.96	7.96	7.96
Shares, diluted (weighted)	7.96	7.96	7.96	7.96	7.96				88	88

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2025
Cash and equivalents	0.01	0	0	0.01	0.01	0.02	0.1	0.08	0.46	0.28
Other current assets								0.03	0.23	0.04
Total current assets	0.01	0	0	0.01	0.01	0.02	0.1	0.06	2.69	2.77
Property, plant and equipment									0.26	0.37
Lease right-of-use assets									2.73	2.25
Goodwill									0.75	0.75
Total assets	0.01	0	0	0.01	0.01	0.02	0.1	0.06	6.88	6.66
Accounts payable	0.01	0	0	0	0	0	0	0	1.04	1.1
Accrued liabilities									0.25	1.36
Total current liabilities	0.13	0.15	0.16	0.18	0.21	0	0	0.23	6.33	5.81
Long-term debt									0.53	0.96
Total liabilities	0.13	0.15	0.16	0.18	0.21	0.23	0.23	0.23	8.48	8.25
Paid-in capital	0.19	0.19	0.19	0.19	0.19	0.19	0.29	0.29	1.54	1.54
Retained earnings	-0.32	-0.34	-0.36	-0.38	-0.39	-0.41	-0.43	-0.47	-3.21	-3.21
Shareholders' equity	-0.13	-0.14	-0.16	-0.18	-0.2	-0.21	-0.13	-1.45	-1.59	-1.59
Total equity	-0.13	-0.14	-0.16	-0.18	-0.2	-0.21	-0.13	-1.45	-1.59	-1.59
Total liabilities and equity	0.01	0	0	0.01	0.01	0.02	0.1	0.06	6.88	6.66
Shares outstanding	7.96	7.96	7.96	7.96	7.96	7.96	7.96	7.96	88	88

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2025
Net income	-0.03	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.04	0.21	0
Depreciation and amortization									0.1	0.09
Change in receivables									-0.24	-0.71
Change in payables	0	-0.01	0	-0				0	0.19	-0.58
Cash from operations	-0.03	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.06	0.46	0.08
Capital expenditures									-0.11	-0
Cash from investing			0	0	0	0	0	0	-0.11	-0
Cash from financing	0.03	0.02	0.02	0.02	0.03	0.02	0.1		-0.04	-0.27
Net change in cash	-0	-0	-0	0	0.01	0	0.08	-0.06	0.31	-0.19
Free cash flow									0.35	0.08
Interest paid			0	0	0	0	0	0	0.14	0.2
Income taxes paid			0	0	0	0	0	0	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.42 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	57.8%	Gross profit / revenue.
Operating margin	3.3%	Operating income / revenue.
EBITDA margin	3.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	2.4%	Net income / revenue.
Operating cash flow margin	3.3%	Cash from operations / revenue.
Return on assets (ROA)	5.7%	Net income / average total assets.
SG&A / revenue	12.4%	Selling, general and administrative expense / revenue.
D&A / revenue	0.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	15.9%	Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y	13.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y	-163.1%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-125.4%	EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y	-98.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	-30.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-82.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	-78.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-3.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 5y	248.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	61.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.56x	Current assets / current liabilities.
Quick ratio	0.09x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.09x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	109.3%	Total liabilities / total assets.
Interest coverage	4.13x	Operating income / interest expense.
Working capital	-$2.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	8.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.37x	Revenue / average total assets.
Fixed asset turnover	59.2x	Revenue / average property, plant and equipment.
Days payables	56 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.01	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.23	Revenue / diluted weighted shares.
Operating cash flow per share	$0.01	Cash from operations / diluted weighted shares.
Book value per share	-$0.01	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$0.02	Tangible book value / shares outstanding.
Cash per share	$0.01	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$36.8M	Share price x shares outstanding.
Enterprise value	$36.2M	Market cap + total debt - cash - short-term investments.
P/E	74.2x	Market cap / net income. Only when net income is positive.
P/S	1.79x	Market cap / revenue.
P/OCF	54.2x	Market cap / cash from operations, when positive.
EV/Sales	1.77x	Enterprise value / revenue.
EV/EBIT	52.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	47.0x	Enterprise value / EBITDA, when both are positive.
Earnings yield	1.3%	Net income / market cap (the inverse of P/E).

What was First America Resources Corp's revenue in fiscal 2025?

First America Resources Corp reported revenue of $18.8M for fiscal 2025, 15.9% higher than the year before.

Was First America Resources Corp profitable in fiscal 2025?

Yes. Net income was $2.8K, a net margin of 0%.

How much free cash flow did First America Resources Corp generate in fiscal 2025?

Cash from operations of $79.5K minus capital expenditures of $2.7K left free cash flow of $76.8K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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