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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
WeCap
WeCap (WCAP) investor relations material
WeCap H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary28 Oct, 2026
Executive summary
WeShop began Nasdaq trading on 14 November 2025, creating a quoted market for the principal investment; direct and indirect holdings represented ~11.8% of its Class A shares.
Shares held before listing are locked up until 15 November 2026; afterward, possible value-realisation routes include an in-specie distribution, a share sale or another structure.
Financial highlights
FY26 loss was £5.317m versus £781,069 in FY25; revenue remained nil.
Unrealised investment revaluation loss was £4.490m versus £29,000 in FY25, primarily relating to WeShop; administrative costs were £302,770 versus £267,973.
Cash was £10,132 at 30 April 2026 versus £58,111 a year earlier; net assets were £1.718m versus £6.774m.
Outlook and guidance
Priorities are supporting WeShop’s development, managing financial obligations including the DCB, and preparing for the WeShop lock-up expiry in November 2026.
WeShop’s U.S. social-commerce app launch is scheduled for 16 November 2026; future investment value and ability to address the DCB depend significantly on WeShop performance and valuation.
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Latest events from WeCap
- Loss narrows, WeShop listing nears, and potential stake corrected to 16% amid audit concerns.WCAP
H2 2023 - Narrowed loss, WeShop listing progress, and extended bond maturity highlight the period.WCAPH1 2024
- Net loss narrowed, cash improved, and WeShop’s Nasdaq listing remains a key growth focus.WCAPH2 2024
- Six-month loss of £386,527; WeShop stake locked up; DCB maturity in 2026 poses repayment risk.WCAPH1 2025
Next WeCap earnings date
H1 202629 Jan, 2027
WeCap
Next WeCap earnings date
H1 202629 Jan, 2027
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