Limitless Projects Inc. Net Loss Narrows 48% to $7,224 in H1 2026

Limitless Projects Inc., a development-stage technology company, reported a consolidated net loss of $7,224 for the six months ended January 31, 2026, compared with a loss of $13,835 for the same period a year earlier. The company generated no revenue in either period. Read more earnings reports.

General and administrative expenses totaled $7,224 for the six-month period, down 48% from $13,835 in the prior-year period. For the second quarter alone, the company posted a net loss of $3,612 versus $7,727 a year earlier, as operating expenses fell to $3,612 from $7,727.

The company's accumulated deficit widened to $305,917 at January 31, 2026, from $299,503 at July 31, 2025. Total liabilities stood at $562,154, consisting entirely of accounts payable and accrued liabilities, up from $542,930 six months earlier.

Limitless Projects held no cash at January 31, 2026, unchanged from the prior quarter-end. The company reported $10,000 in prepayments and deposits, flat with the July 31, 2025 balance.

Fixed assets increased to $141,601 from $129,601 over the six-month period, driven by $12,000 in software development expenditures. Cash generated from operating activities totaled $12,000 for the period, offset entirely by the investing outlay for software.

Stockholder's equity remained negative at $410,553 at January 31, 2026, compared with negative equity of $403,329 six months earlier. The company has 100,608,200 common shares outstanding with a par value of $0.0001 per share, unchanged from the prior period.

Minority interest in the consolidated loss amounted to $810 for the six months ended January 31, 2026, down from $3,649 in the year-ago period. Net loss attributable to Limitless Projects shareholders totaled $6,414 versus $10,186 a year earlier.

Financial Summary

Balance Sheet Highlights