WeCap (WCAP) investor relations material

Executive summary

• Interim results cover the six months ended 31 October 2025, with a continued focus on strategic investments in social commerce and life sciences.

• Primary asset is an 11.8% stake in WeShop Holdings, which listed on Nasdaq post-period end.

• Lock-up restricts sale of WeShop shares until November 2026; options for value distribution to shareholders are under review.

• Discounted Capital Bond (DCB) liability matures in May 2026, with repayment challenges due to the lock-up; alternative solutions are being explored.

• Raised £100,000 post-period via share subscription to strengthen cash reserves.

Financial highlights

• Loss for the six months ended 31 October 2025 was £386,527, compared to a loss of £379,203 for the same period last year.

• Administrative costs decreased to £121,509 from £133,388 year-over-year.

• Finance costs rose to £264,352, mainly due to accrued interest on the DCB.

• No revenue or finance income was recorded in the period.

• Cash reserves at period end were £1,110, down from £11,651 last year, but subsequently increased by the post-period subscription.

Outlook and guidance

• Board remains focused on maximizing value from the WeShop holding after its Nasdaq listing.

• Plans to distribute value to shareholders post lock-up, either via in-specie distribution or sale of WeShop shares.

• Immediate priority is resolving the DCB liability to unlock shareholder value.