My City Builders Reports Net Loss of $117,509 for Nine Months Ending April 30, 2026

My City Builders, Inc. reported a net loss of $117,509 for the nine months ending April 30, 2026, compared to a loss of $215,051 for the same period in the previous year. The company did not generate any revenue during this period, maintaining a consistent trend from the previous fiscal year. Operating expenses totaled $100,792, which is an increase from $96,793 in the prior year, primarily driven by professional fees that rose to $97,588 from $94,524. The company’s accumulated deficit has increased to $5,010,841 as of April 30, 2026, up from $4,893,332 at the end of the previous fiscal year.

In terms of significant changes, My City Builders has undergone a strategic shift following the sale of its subsidiary, RAC Real Estate Acquisition Corp., on July 8, 2025. This transaction, valued at $2,374,896, marked a transition away from operating rental properties to focusing on the development of multifamily housing projects. The company has also acquired 4 acres of land in Glencoe, Alabama, for $350,000, which is intended for the construction of up to 25 multi-family units. The City of Glencoe approved the rezoning of this land on December 16, 2025, facilitating the company's development plans.

Operationally, My City Builders has seen an increase in its employee headcount, with 17,926,686 shares of common stock issued as of April 30, 2026, compared to 16,276,686 shares a year earlier. The company’s cash position improved slightly, with cash balances rising to $2,921 from $2,189. However, total current liabilities surged to $69,634 from $38,343, largely due to increased accounts payable and accrued liabilities. The company’s reliance on related party transactions remains significant, with $22,890 due to related parties as of the latest reporting date.

Looking ahead, My City Builders plans to develop the Glencoe property and is actively seeking construction financing to support this initiative. The company acknowledges that its ability to continue as a going concern is contingent upon securing additional capital resources. Management has indicated that it may pursue equity financing arrangements to meet its operational and capital expenditure needs. However, the company has expressed uncertainty regarding its ability to raise significant funds until it engages in active business operations or makes further acquisitions. The forward-looking statements in the filing highlight the inherent risks and uncertainties that could impact the company's future performance.