diff --git a/lang/el-compiler/src/compiler.el b/lang/el-compiler/src/compiler.el
index b9647bb..14c3ccd 100644
--- a/lang/el-compiler/src/compiler.el
+++ b/lang/el-compiler/src/compiler.el
@@ -419,6 +419,22 @@ fn resolve_imports(src_path: String) -> String {
     if !str_eq(already, "") { return "" }
     state_set(seen_key, "1")
 
+    // A missing file must be a hard error, never an empty string.
+    //
+    // fs_read returns "" both for "file is empty" and "file does not exist", and
+    // this function used the value without distinguishing them. So a broken
+    // import path — a typo, a moved file, a relative path resolved from the
+    // wrong working directory — compiled CLEANLY: exit 0, empty stderr, and a
+    // program silently missing everything it imported. Observed 2026-08-15:
+    // eleven consecutive "successful" compiles that had included no runtime at
+    // all, and a wrong conclusion drawn from them before anyone noticed.
+    //
+    // Missing dependency, confident success. fs_exists separates the two cases,
+    // so a genuinely empty file still resolves to "" and is fine.
+    if !fs_exists(src_path) {
+        println("elc: cannot resolve import: " + src_path)
+        exit_program(1)
+    }
     let source: String = fs_read(src_path)
     let dir: String = dirname_of(src_path)
     let lines: [String] = str_split(source, "\n")