Jubilant Flame International Reports $59,672 Net Loss for Fiscal Year Ending February 2025

Jubilant Flame International, Ltd. reported a net loss of $59,672 for the fiscal year ending February 28, 2025, a decrease from the previous year's loss of $67,365. The company did not generate any revenue during this period, consistent with the prior year, primarily due to a strategic shift away from its previous cosmetic product lines and a focus on providing technical support services in the nutrition food sector. Operating expenses decreased to $59,672 from $67,365, attributed mainly to reduced accounting and legal fees.

The company has not engaged in any significant acquisitions or product launches in the past year. Following the cessation of its cosmetic product marketing in early 2020, Jubilant Flame has pivoted towards offering technical support for nutrition products, including Sea-Buckthorn and Organic Sprouting Powder. However, this new business line has yet to generate revenue, raising concerns about the company's ability to sustain operations without additional funding.

As of February 28, 2025, Jubilant Flame had total assets of $12,925, compared to $12,595 the previous year. The company reported a working capital deficit of $1,356,585, an increase from $1,296,913 in the prior year, primarily due to rising liabilities, including a loan payable to related parties. The total liabilities stood at $1,369,510, up from $1,309,508, reflecting ongoing financial challenges.

The company’s employee count remains low, with five employees managing operations. The management team, led by CEO Yan Li, has indicated plans to seek additional capital through equity or debt financing to support its new business strategy. However, the company has not provided a timeline for when it expects to achieve profitability or generate revenue from its new initiatives.

Looking ahead, Jubilant Flame International acknowledges substantial doubt about its ability to continue as a going concern, as highlighted in its financial statements. The management is actively exploring options for raising funds to support its operations and execute its business plan, but there are no guarantees of success. The company’s future performance will depend on its ability to secure financing and successfully transition into the nutrition support services market.