J. W. MAYS, INC.

REPORTS ON OPERATIONS

FOR THE FISCAL YEAR AND THREE MONTHS ENDED JULY 31, 2023

J. W. Mays, Inc. today reported its financial results for the twelve and three months ended July 31, 2023.

Revenues from Operations for the three months ended July 31, 2023 were $5,405,506 compared to revenues of $5,504,057 in the comparable 2022 three-month period, while revenues from Operations for the twelve months ended July 31, 2023 were $22,576,455 compared to revenues from Operations of $21,396,035 in the comparable 2022 twelve-month period.

Net loss for the three months ended July 31, 2023 was ($148,059), or ($.07) per share, compared to net loss of ($68,754), or ($.03) per share, in the comparable 2022 three-month period.

Net loss for the twelve months ended July 31, 2023 was ($82,964), or ($.04) per share, compared to net loss of ($712,371), or ($.35) per share, in the comparable 2022 twelve-month period.

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Dated: October 18, 2023