Mag Mile Capital, Inc. 2025 Annual Report: Key Investor Insights and Highlights

Ticker: OTCQB: MMCP

Fiscal Year Ended: December 31, 2025

1. Key Points from the Annual Report

• Change in Fiscal Year End: The Company changed its fiscal year end from July 31 to December 31 as of October 2, 2023.
• Emerging Growth Company Status: Mag Mile Capital, Inc. (“the Company”) qualifies as an “emerging growth company” under the JOBS Act, allowing it reduced disclosure requirements and certain regulatory exemptions.
• Financial Performance:
  • Net Loss Improvement: The Company reported a net loss of \$123,755 for the year ended December 31, 2025, a significant improvement from the net loss of \$283,346 in 2024. The reduction in loss was mainly due to improved gross margin.
  • Accumulated Deficit: As of December 31, 2025, the accumulated deficit stands at \$3,095,569.
  • Going Concern Warning: The report highlights substantial doubt about the Company’s ability to continue as a going concern due to recurring operating losses, accumulated deficit, and working capital deficit. The ability to raise additional capital is uncertain.
• Equity and Capital Structure:
  • Common Stock: \$0.00001 par value; listed on the OTCQB Market under the ticker “MMCP”.
  • Shareholder Base: As of April 14, 2026, there are 678 holders of record of the Company’s common stock.
  • Equity Compensation Plan: In July 2023, a 2023 Stock Incentive Plan was approved, authorizing up to 20,000,000 shares for issuance. No outstanding options, warrants, or rights were reported as of the filing date.
• Strategic Initiatives:
  • Sales and Marketing Expansion: The Company aims to attract new customers by increasing its sales team and leveraging its public company status to offer competitive compensation packages, including stock-based incentives.
  • Acquisition Strategy: Mag Mile Capital, Inc. is seeking high-quality acquisition opportunities to drive growth, using its public company status as leverage for attractive deals.
• Legal Proceedings: There are no material pending or threatened legal proceedings against the Company or its officers, directors, or affiliates.
• Off-Balance Sheet Arrangements: None reported; the Company does not have any off-balance sheet arrangements that could material affect the financial statements or shareholder value.
• Critical Accounting Estimates: The most significant estimate involves draws against commissions, which require a high degree of management judgment.

2. Price-Sensitive Items for Shareholders

• Going Concern Uncertainty: The auditor’s report and management discussion both highlight substantial doubt about the Company’s ability to continue as a going concern. This is a potentially price-sensitive issue that could impact investor confidence and share value, especially if the Company is unable to raise additional funds or improve profitability.
• Reduction in Net Loss: The significant decrease in net loss year-over-year demonstrates improved operational performance, which could be interpreted positively by investors if the trend continues.
• Potential for Dilution: With 20,000,000 shares authorized under the 2023 Stock Incentive Plan (none issued as of the report date), there is the potential for future equity dilution if the plan is utilized for employee or director compensation or acquisitions.
• Strategic Acquisition and Expansion Plans: The intention to pursue acquisitions and expand the sales and marketing team could drive future growth, but also carries execution risk and may require additional capital.
• No Legal/Regulatory Overhangs: The absence of material legal proceedings removes a potential source of negative share price impact.
• Emerging Growth Company Status: While this confers regulatory and cost advantages, it also means investors will receive less information than with larger, more established public companies, which could affect investor perception and valuation.

3. Financial Statement Highlights (2025 vs. 2024)

4. Other Noteworthy Details

• The Company’s principal executive office is located at 1141 W. Randolph St., Suite 200, Chicago, IL 60607.
• Website: www.magmilecapital.com (information not part of the report or to be relied upon for investment decisions)
• As an emerging growth and smaller reporting company, the Company is exempt from several disclosure requirements, including certain risk factors and market risk disclosures.
• The auditor did not identify any material weaknesses in internal controls but emphasized the going concern uncertainty as a critical audit matter.

5. Forward-Looking Statements

The Company’s report contains forward-looking statements regarding commercialization, revenue generation, competitive positioning, capital raising, sales and marketing growth, and acquisition strategies. Risks include, but are not limited to, competition, the need for additional capital, ability to execute strategic plans, and general economic conditions. There is no guarantee of future performance.

6. Disclaimer

This article is for informational purposes only and is not intended as investment advice. All information is derived from the Company’s SEC filings, and while care has been taken to ensure accuracy, investors should conduct their own due diligence and consider the Company’s filings in their entirety. Past performance is not indicative of future results. The Company faces substantial risks, including its ability to continue as a going concern, which may materially affect the value of its securities.

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