Mag Mile Capital Q1 FY26 net income rises to 301,433; revenue more than doubled to 2.38 million
MAG MILE CAPITAL INC MMCP | 0.00 |
- Mag Mile Capital posted Q1 net income of $301,433, up from $9,714 a year earlier, as revenue more than doubled to $2.38 million.
- Gross profit climbed to $698,293 from $256,080, while commission expense rose 69.6% to $583,419.
- Related-party commission expense increased to $1.1 million from $180,400, tied to more deals originated by the chairman and CEO through Park River Investments.
- Cash totaled about $644,000 at March 31, 2026, with working capital of $169,103; operating cash flow was $130,339.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mag Mile Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-022917), on May 14, 2026, and is solely responsible for the information contained therein.
