First America Resources (FSTJ) Q2 2025 Earnings Report

First America Resources Corporation (FSTJ) entered QQ2 2025 as a dormant shell with effectively no operating revenue. The quarter reported no revenue and a net loss of $33,908 thousand (utilizing thousands in the table context) with operating loss of $33,833 thousand and EBITDA of the same magnitude. Administrative and SG&A expenses dominated the cost structure (General and Administrative $1,150; Selling and SG&A $33,908), yielding an operating deficit of $33,833. Cash burn from operations was $9,158, and the company finished the period with $25,049 in cash against $232,845 in current liabilities and $228,933 in short-term debt, resulting in a tiny liquidity cushion and a current ratio of 0.108. Net stockholders’ equity sits deeply negative at −$207,796, reflecting accumulated losses and debt overhang; net debt stands at $203,884 and total liabilities at $232,845 versus assets of $25,049. In short, QQ2 2025 reinforces the status of a non-operating shell with severe balance-sheet stress and minimal immediate liquidity.