)

Solowin (AXG) investor relations material
Solowin H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for FY2025 was $2.82M, down 34% year-over-year, mainly due to a sharp decline in investment advisory fees and a reduced client base.
Net loss widened to $8.54M in FY2025 from $4.56M in FY2024, driven by higher professional fees, office expenses, and share-based compensation.
Corporate finance services revenue surged 733% to $999K, while virtual assets services launched and contributed $15K.
The company reorganized into four segments: Corporate Finance, Wealth Management, Asset Management, and Virtual Assets Services.
Top five clients accounted for 81% of total revenue in FY2025, indicating high client concentration risk.
Financial highlights
Total revenue: $2.82M in FY2025 vs. $4.29M in FY2024; investment advisory fees fell 64% to $1.03M.
Net loss: $8.54M in FY2025 vs. $4.56M in FY2024; loss per share: $0.53 vs. $0.33.
Expenses rose 26% to $10.95M, mainly due to professional fees ($4.67M), office expenses, and share-based compensation ($3.31M to a consultant).
Cash and equivalents at year-end: $3.84M, up from $2.14M; total assets: $12.3M.
No dividends declared or paid; all earnings retained for business expansion.
Outlook and guidance
Management expects continued operating and net losses as it invests in virtual assets and real-world asset development.
No plans to pay dividends in the foreseeable future; focus remains on business growth and technology investment.
Sufficient liquidity for at least 12 months, but may seek additional financing for expansion.
Next Solowin earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage