NWPG Reports First-Half 2026 Results: Revenue Up 18.4%, Gross Profit Up 52.9%

Rhea-AI Summary

Newport Gold (OTC: NWPG) reported first-half 2026 results reflecting the first full quarter of operations from NFI Empire, its automotive-focused subsidiary formed via a March 2026 reverse merger. For H1 2026, revenue rose 18.4% year-over-year to $5,082,123, while cost of goods sold increased 7.8% to $3,539,551. This drove a 52.9% increase in gross profit to $1,542,572. SG&A expenses grew 25.7% to $1,309,429, reflecting expansion and public-company costs, and net income increased 211% to $233,143. Management highlighted completed build-out of a three-facility, 61,000 sq. ft. campus in North East, Pennsylvania, ongoing development of a proprietary digital auction platform and “Empire Rides” media engine, and the start of an independent audit as a step toward applying to uplist to OTCQB.

Positive

• Revenue growth +18.4% YoY to $5.08M in H1 2026
• Gross profit +52.9% YoY to $1.54M, indicating margin expansion
• Net income +211% YoY to $233,143 in H1 2026
• Completed 61,000 sq. ft. three-facility operational campus
• Independent audit process started ahead of planned OTCQB uplist filing

Negative

• SG&A expenses +25.7% YoY to $1.31M due to expansion and public-company costs

News Market Reaction – NWPG

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In the Jul 22 session, NWPG gained 20.00%, reflecting a significant positive market reaction.

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Highlights:

• NFI Empire is the operating business of Newport Gold (NWPG).

• Team drives margin expansion and increased profitability.

• Leveraging the newly expanded 61,000 sq. ft. campus to scale production, sales, and operations.

• Completing the NFI digital auction platform and "Empire Rides" media engine ahead of a public launch.

NORTH EAST, PA / ACCESS Newswire / July 22, 2026 / Newport Gold, Inc. (OTCID:NWPG) today reported financial results for the six months ended June 30, 2026. This most recent financial period contains the first full quarter of the operations of "NFI Empire," a trio Pennsylvania wholly owned subsidiaries, each focused on different aspects of automotive business. On or about March 25, 2026, NWPG completed a reverse merger ceding control of NWPG to NFI Empire. NFI Empire's stated goal is to become the first publicly traded automotive enthusiast company to integrate a brick-and-mortar business model with a proprietary technology platform.

Operational Review

Since completing the merger with Newport Gold in March, our team has delivered against its stated objectives. Our three-facility, 61,000 square foot campus in North East, Pennsylvania is complete, giving us the physical backbone for inspection, reconditioning, staging, and logistics that our quality control depends on. Unit economics improved alongside it, reflected directly in this period's margin expansion and revenue growth. We are now in the process of beginning our independent audit, the last step before filing to uplist to OTCQB.

Financial Highlights

The following reflects NWPG's consolidated financial performance for the six months ended June 30, 2026, compared to the same period in 2025.

Metric	H1 2025	H1 2026	YoY Change
Revenue	$4,293,030	$5,082,123	+18.4%
Cost of Goods Sold	$3,284,320	$3,539,551	+7.8%
Gross Profit	$1,008,710	$1,542,572	+52.9%
SG&A	$1,041,548	$1,309,429	+25.7%
Net Income	$74,912	$233,143	+211%

Revenue grew 18.4% while cost of goods sold grew just 7.8%, and that gap drove the expansion in gross margin. SG&A grew 25.7%, reflecting expansion-related and public-company costs not incurred in 2025; the Company takes a disciplined approach to overhead and expects a more moderate rate of SG&A growth going forward, commensurate with scaling revenue. On balance, the first half represents a healthy, broad-based improvement across the P&L.

"Revenue growth combined with expanding margins reflects our team's execution on both sales and profitability," said Justin Fried, CEO of Newport Gold and NFI Empire. "We're just getting started. As we finish our digital platform, we believe we can fix real hurdles in how people buy and sell specialty cars online; using the trust, craftsmanship, and community we've already built to give people confidence they're getting the car they want."

Going Forward

Our sector is experiencing significant growth: online sales and auctions of collectible vehicles reached $4.8 billion in 2025, up 10% year-over-year (Hagerty), within a broader specialty, classic, and exotic vehicle market valued at more than $100 billion (McKinsey). Much of that market still runs on outdated, low-trust processes, where efficiency and consumer confidence matter most. NFI Empire brings a decade of hands-on experience as a trusted name in the specialty vehicle space, and its model is built to solve the industry's core problem: giving buyers certainty that the car they receive is exactly the car they were promised; so the moment it arrives feels bigger than the moment they bought it. The Company's years of experience in builds, content, and charity auctions, forms the foundation of the digital platform, now in its final stages of launch. In essence, NFI Empire's brick-and-mortar level of trust and service is being translated into a digital, online experience. Management is proud of the progress to date. The first half's margin expansion stands as an early proof point that the operational foundation is in place to scale. We look forward to reporting continued progress building long-term shareholder value.

About NFI Empire

NFI Empire (NFIEmpire.com) is the wholly owned operating subsidiary of Newport Gold, Inc., a North East, Pennsylvania-based custom automotive company known for exclusive builds, high-performance vehicles, and deep technical and digital expertise across both traditional and digital automotive sectors. The Company has ceased all mining-related operations; Newport Gold is now a holding company whose operations are conducted entirely through NFI Empire.

Investor Relations: investor@NewportGoldInvest.com

Forward‑Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

SOURCE: Newport Gold, Inc.

View the original press release on ACCESS Newswire

FAQ

How did Newport Gold (OTC: NWPG) perform financially in the first half of 2026?

Newport Gold reported higher revenue, gross profit, and net income in H1 2026. According to Newport Gold, revenue rose 18.4% to $5,082,123, gross profit increased 52.9% to $1,542,572, and net income grew 211% year-over-year to $233,143.

What drove Newport Gold (NWPG) margin expansion in H1 2026 results?

Margin expansion came from revenue growing faster than cost of goods sold. According to Newport Gold, revenue increased 18.4% while cost of goods sold rose 7.8%, lifting gross profit 52.9% to $1,542,572 and improving unit economics at the NFI Empire automotive operations.

How did SG&A expenses change for Newport Gold (NWPG) in H1 2026?

SG&A expenses increased significantly as the business scaled and became public. According to Newport Gold, SG&A rose 25.7% year-over-year to $1,309,429, reflecting expansion-related spending and public-company costs that were not incurred in the first half of 2025.

What is NFI Empire’s role in Newport Gold’s (NWPG) business after the 2026 reverse merger?

NFI Empire is now the operating business of Newport Gold. According to Newport Gold, it consists of three Pennsylvania subsidiaries focused on automotive operations, with a 61,000 sq. ft. campus, and the company has ceased mining activities to operate entirely through NFI Empire.

Is Newport Gold (NWPG) planning to uplist its shares, and what are the next steps?

Newport Gold is preparing to seek an uplisting to OTCQB. According to Newport Gold, the company has begun an independent audit, described as the last step before filing its application to uplist, following the integration of NFI Empire’s operations.

What new digital initiatives is Newport Gold’s NFI Empire pursuing in 2026?

NFI Empire is finalizing a proprietary digital auction platform and “Empire Rides” media engine. According to Newport Gold, these tools aim to bring its brick-and-mortar trust and service into a digital experience for buying and selling specialty and collectible vehicles online.