Almco Plumbing, Inc. (ALMP) changed control effective September 18, 2026, when Rocky Xingmin Liao acquired 28,780,295 common shares from Vladyslav Khorenko for $500,000 in cash. The shares represented approximately 89.94% of the company’s common stock. Khorenko resigned as sole director and sole officer; Liao became sole director, President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary. Almco listed 32,000,000 shares outstanding as of the date of the report.
Almco also entered into lock-up agreements with Genova LLC and Tempo Restoration that restrict transfers of covered shares, subject to permitted transfers, while preserving voting and distribution rights. Separately, a September 18, 2026 letter of intent contemplates Almco acquiring Jiangsu Qilian E-Commerce Co., Ltd. in exchange for a combination of common and preferred stock. A definitive agreement is expected by approximately October 31, 2026, after required administrative actions under Chinese law, with closing expected shortly thereafter.
Almco Plumbing Inc (ALMP) filed an amended semiannual report for the six months ended June 30, 2026; the amendment only fixes a formatting issue with the independent accountant’s review report, and all financial figures and disclosures remain unchanged.
For the period, the company generated $2,663,110 in revenue, up about 75% from $1,521,076 a year earlier, driven by expanded service territory, more technicians and vehicles, and higher-billing commercial work. Gross profit rose to $1,203,422, though gross margin declined to about 45% from 49% as onboarding costs and material-intensive commercial jobs increased cost of sales.
General and administrative expenses more than doubled to $923,963, but the company remained profitable with net income of $69,835, up from $53,494. Cash and cash equivalents increased to $341,792, and working capital was $128,329, supported by $394,771 of cash provided by operations. Management notes the financial statements are prepared on a going-concern basis and that the business remains dependent on raising additional equity capital to support a new operating plan and further scaling.
Almco Plumbing Inc (ALMP) reports strong top-line growth for the six months ended June 30, 2026, with revenue of $2,663,110 versus $1,521,076 a year earlier, an increase of about 75% driven by expanded service territory, more technicians and vehicles, and higher commercial volumes.
Gross profit rose to $1,203,422 from $740,265, though gross margin declined to 45% from 49% as commercial, material-intensive jobs and onboarding costs increased. General and administrative expense more than doubled to $923,963, but the company still generated net income of $69,835, up from $53,494. Operating cash flow was strong at $394,771, funding vehicle and lease investments and increasing cash to $341,792. Working capital stood at $128,329 with current assets of $540,583 and current liabilities of $412,254, and total liabilities were $532,910 against stockholders’ equity of $708,839.
Management notes that operations have historically been financed internally but states dependence on raising additional capital or equity financing to scale the business, with no long-term customer contracts and cash balances above FDIC limits, highlighting ongoing financing and concentration risks despite current profitability.
Almco Plumbing Inc. (OTC: ALMP) filed a Form 1-U to notify investors that its annual report on Form 1-K for the fiscal year ended December 31, 2025 is delayed because the independent audit is still in progress and an audit opinion has not yet been issued. The company states its revenue rose ~15.5% year‑over‑year and that net income "increased significantly," but notes the audit could produce adjustments. Management says auditors are completing procedures and the company currently expects to file the Form 1-K "within a few additional business days" from this report date. The company affirms ongoing compliance efforts and provides basic corporate details including headquarters in San Diego, a second branch in Van Nuys, a workforce of 30 employees as of December 31, 2025, and development of its RoboPipe™ technology.