JFB Construction Announces Anticipated 2025 Revenues of $32 million
Full year 2025 revenues increase 40%
as compared with full year 2024 revenues
Lantana, Fla., Jan. 06, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (NASDAQ:JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development, today announced that it expects to report full year 2025 revenues of $32 million, an increase of 40% as compared to full year 2024 revenues.
"This achievement of an anticipated 40% increase in full year 2025 revenues as compared to full year 2024 revenues is another important milestone for our company, continuing the momentum of our most recent announcement of an anticipated 119% increase in Q4 2025 revenues as compared to Q4 2024 revenues," said JFB Chief Executive Officer Joseph Basile, III. "Our growth in 2025 represents ongoing projects in several key business verticals, including hospitality, commercial retail, industrial, high-end residential and real estate development."
2025 highlights and ongoing projects include:
- Execution of an $18.9 million contract in October for the first of three phases of the construction and continuation of the existing campus of a high school in DeSoto County, Fla., having an estimated total contract value of $100 million upon final completion;
- Vertical construction on 79 townhouses in Port Salerno, Fla.;
- Approval of the issuance of an $18.9 million bond for the Company to act as general contractor for the first phase of construction of the high school;
- Ongoing construction of a Courtyard Marriott in Olive Branch, Miss., in which JFB also has a 25% ownership interest; and
- Completion of a $44 million private placement, $34 million of which has been designated for general corporate operating expenses.
Mr. Basile continued, "Many of these projects are also expected to contribute towards strong revenue performance moving into Q1 2026. Specifically, we anticipate that the DeSoto County high school project will continue to produce strong revenue throughout 2026, as the construction of public schools in the State becomes a new revenue producing avenue for JFB Construction.
"We believe that our operational success and growth will continue throughout 2026 and beyond as we manage larger construction projects at this scale. We will advance the JFB brand to be recognized as one of the country's premier real estate developers and general contractors, and create long-term values for our shareholders," concluded Mr. Basile.
About JFB Construction Holdings
JFB Construction Holdings ("JFB") offers generations of combined experience in residential and commercial construction and development. Having the experience of building multifamily communities, shopping centers, national franchises, and exclusive estate and equestrian homes, with over 2 million square feet of commercial and retail space, JFB provides hands-on professional expertise, which has led to the quality and production we are known for.
JFB's reputation has been built on our clients' trust and the value we bring to each project.
JFB is proud that most of our projects are obtained through referrals and repeat customers, and that to date we have provided general contracting and construction management services in 36 U.S. States.
Caution Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
JFB Construction Holdings Contact:
Joseph F. Basile, III
561-582-9840.
[email protected]
Investor Relations Contact:
CORE IR
Mike Mason
516 222 2560
[email protected]
