Mag Mile Capital Reports Record First Quarter 2026 Results with 205% Revenue Growth and Return to Profitability

About this update from Mag Mile Capital Inc.

[{"type":"text","content":"Chicago, Illinois--(Newsfile Corp. - May 15, 2026) - Mag Mile Capital, Inc. (OTCQB: MMCP) ("Mag Mile" or the "Company"), a national commercial real estate mortgage banking and capital advisory firm, today announced financial results for the quarter ended March 31, 2026.","length":290,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue increased 205% year-over-year to $2.38 million, compared to $780,500 in Q1 2025.","length":88,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit increased 173% to $698,293, compared to $256,080 in the prior-year period.","length":87,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income improved to $301,433, versus $9,714 in Q1 2025.","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash increased to approximately $644,000 as of March 31, 2026.","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Generated positive operating cash flow of $130,339 during the quarter.","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Stockholders' equity improved from a deficit position of $(290,333) at year-end 2025 to positive equity of $11,100.","length":119,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":484,"olType":false},{"type":"text","content":"Operational Momentum Driven by Large Institutional Transactions","length":63,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company's strong performance was driven by increased commercial real estate financing activity, including the successful closing of a $79.5 million refinance transaction for HKB Hotels Group, which generated approximately $1.39 million in gross revenue.","length":261,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Mag Mile experienced significant momentum in the Commercial Mortgage-Backed Securities (CMBS) market, which management described as 'very active in Q1.'","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company generated approximately $1.19 million of securitization fees and approximately $1.19 million of success fees during the quarter.","length":140,"tag...

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